India Launches Export Promotion Mission to Support MSMEs Amid Global Trade Challenges

The Indian government has launched the Export Promotion Mission (EPM) with a ₹25,060 crore outlay to support micro, small, and medium exporters in meeting international compliance costs, including EU regulations like REACH and CBAM. The mission offers up to 75% reimbursement for certification expenses and aims to address non-tariff barriers and export credit access. Despite global challenges, sectors like apparel have seen modest export growth. Officials emphasize quality, sustainability, and leveraging recent free trade agreements to boost India's $2 trillion export target by 2030. Meanwhile, the government has halved duty benefits under the RoDTEP scheme, prompting calls for reconsideration from exporters.