India notifies first set of guidelines under export promotion mission

The government today notified the first set of guidelines under its newly conceived export promotion mission, with an initial focus on market access initiatives, a senior government official from the ministry of commerce said, outlining a wide-ranging framework aimed at easing trade finance constraints, expanding global reach and supporting micro, small and medium exporters.

- TBG NETWORK

“So, one of the important highlight of this year was this entire process of getting the export promotion mission conceived,” the official said, adding that the exercise was initiated by a predecessor and involved “a series of meetings before the FM, CIM and the then secretary and the current secretary and ultimately on November 12.”

“Today we are notifying the first guideline which is the guideline for the market access initiative,” the official said, noting that the mission comprises “broad two sub-schemes within the export promotion mission.” The official added that policymakers identified “two disabilities or two areas where we need to focus on as far as the promoting the export is concerned,” the first being access to trade finance.