Exporters seek rollout of promotion schemes

₹2,250 crore Export Promotion Mission awaits Cabinet nod

- SHREYA NANDI

With the United States (US) set to impose a 25 per cent tariff on Indian goods starting August 7, exporters have urged the government to shoulder a part of the burden and expedite the rollout of the ₹2,250 crore Export Promotion Mission that has been pending since its announcement.

The mission was announced in the Budget for 2025-26 (FY26) but has not been rolled out yet. This has raised concerns among exporters bracing for a potential hit not only from the impending tariffs but also from an unspecified penalty that may be imposed on India for its energy purchases from Russia.

A government official said that various schemes have been designed under the Export Promotion Mission to include World Trade Organization (WTO)-compliant interventions, focusing on trade finance and to make market access easier for exporters. However, the schemes will be rolled out as per the 'need and priority' after the Cabinet's approval.