New Delhi, Nov 13 (NationPress) The Federation of Indian Export Organisations (FIEO) has expressed its approval of the Union Cabinet’s endorsement of the Export Promotion Mission (EPM) — a key initiative unveiled in the Union Budget for 2025–26. This mission is designed to enhance India’s export competitiveness, particularly benefiting MSMEs, first-time exporters, and sectors that rely heavily on labor.

With a total allocation of Rs 25,060 crore for FY 2025–26 through FY 2030–31, this mission signifies a significant structural reform by merging various export promotion schemes into a unified, outcome-oriented, and digital framework.

“The Export Promotion Mission showcases a practical and visionary approach to India’s trade landscape. By integrating financial and non-financial support within a single structure, the mission offers essential continuity, adaptability, and responsiveness to global trade fluctuations. This is especially crucial for MSMEs, which frequently face difficulties accessing affordable financing and compliance assistance,” stated SC Ralhan, President of FIEO.

The EPM serves as a timely solution to the structural obstacles that have historically weakened the competitive position of Indian exports, such as restricted access to finance, elevated compliance costs, poor branding, and logistical challenges.

By addressing these concerns directly, the initiative aims to maintain export momentum, protect jobs, and broaden India’s export portfolio into new regions and emerging industries, Ralhan added.

This mission will particularly emphasize sectors that have been affected by recent global tariff increases, including textiles, leather, gems and jewelry, engineering goods, and marine products, thus ensuring sustained export orders and job security.

The Directorate General of Foreign Trade (DGFT) will act as the implementing agency, overseeing all operations digitally through an integrated platform to guarantee transparency, efficiency, and accessibility.

Ralhan noted that the mission’s digital integration with current trade systems will revolutionize the exporter experience by minimizing paperwork, enhancing coordination, and ensuring prompt fund disbursements.

The Credit Guarantee Scheme for exporters will not only facilitate collateral-free loans but also inject vital financial liquidity, which is urgently needed.