Amount being considered by govt. to support exporters , Pg8

Key Highlights:

• The government is considering support measures for exporters amounting to ₹25,000 crore.
• This support is planned under the Export Promotion Mission.
• The mission was announced in the Budget.
• The support measures are intended for six financial years, from 2025 to 2031.

Detailed Insights:

• The Export Promotion Mission aims to boost the country's export sector, enhancing its competitiveness in the global market.
• Government support may include incentives, subsidies, and infrastructure development to reduce transaction costs for exporters.
• The Department of Commerce is likely involved in formulating and implementing these support measures.
• The mission is proposed to be implemented through two sub-schemes - Niryat Protsahan (over Rs 10,000 crore) and Niryat Disha (over Rs 14,500 crore), sources said.
• Niryat Protsahan – Key Elements:
  • Interest equalisation support: ₹5,000+ crore over six years (2025–2031).
  • Support for alternative trade finance instruments.
  • Credit card facility for e-commerce exporters.
  • Financing mechanisms to bridge liquidity gaps faced by exporters.
• Niryat Disha – Key Elements:
  • Export quality compliance support: ~₹4,000 crore.
  • Overseas market development: ₹4,000+ crore.
  • Branding of Indian exports.
  • Export warehousing & logistics.
  • Capacity building to integrate MSMEs & Indian firms into global value chains.
• These measures could help achieve the government's goal of increasing India's share in global trade and integrating with Global Value Chains.

Key Concepts Involved:

• Export Promotion: Government policies designed to encourage the export of goods and services.
• Subsidies: Financial assistance provided by the government to support specific industries or activities.
• Global Value Chains (GVCs): International production networks where different stages of production are located across various countries.