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The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country's outbound shipments. These measures are part of the Rs 25,060-crore export promotion mission. Out of 10 components of the mission, three have already been rolled out in January. To support exporters using digital channels, the commerce ministry announced credit facilities with interest subvention and partial credit guarantees. The Direct E-Commerce Credit Facility will provide support up to Rs 50 lakh with 90 per cent guarantee coverage. The Overseas Inventory Credit Facility will extend support up to Rs 5 crore with 75 per cent guarantee coverage, and an interest subvention of 2.75 per cent will be available, subject to an annual ceiling of Rs 15 lakh per applicant, the commerce ministry said. To promote export factoring as an affordable working capital solution for MSMEs, an interest subvention
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a memorandum of understanding with France's Port of Marseille Fos to deepen cooperation on trade facilitation, port innovation and energy transition, strengthening connectivity along the IndiaMiddle EastEurope Economic Corridor (IMEC). The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union. The development completes the IMEC pathway for India-EU trade, boosted by the Free Trade Agreement between India and the EU, termed "the mother of all deals" by Prime Minister Narendra Modi. The MoU was signed during the visit of French President Emmanuel Macron, aligning the expanding India-France strategic partnership with the broader IMEC and India-EU trade vision, APSEZ said in a statement. Launched at the 2023 G20 Summit in New Delhi, IMEC is a 6,000-km multimodal connectivity initiative linking India a
The commerce ministry is likely to roll out eight components of the Rs 25,060-crore Export Promotion Mission, including e-commerce, factoring services and warehousing, a senior government official said. In November last year, two schemes were approved by the Union Cabinet with a combined outlay of over Rs 45,000 crore -- Export Promotion Mission (Rs 25,060 crore) and the Credit Guarantee Scheme (Rs 20,000 crore). The Export Promotion Mission (EPM) operates through two integrated sub-schemes -- Niryat Protsahan (Financial Enablers); and Niryat Disha (Non-Financial Enablers) that together address finance and non-financial enablers. The Niryat Protsahan focuses on improving access to affordable trade finance for MSME exporters through instruments such as interest subvention on pre- and post-shipment credit, export-factoring and deep-tier financing, credit cards for e-commerce exporters, collateral support for export credit and credit-enhancement for new or high-risk markets. On the ot
Exporters are keeping their fingers crossed on the impact of recent announcement made by US President Donald Trump that Washington will impose additional 25 per cent duty on countries trading with Iran. The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters. Indian exporters are already reeling under the impact of the steep 50 per cent tariffs imposed by the US. Trump has announced that any country doing business with Iran will have to pay a 25 per cent tariff on its trade with Washington, a move that could impact Tehran's major trading partners such as India, China and the UAE. Exporters' body FIEO on Tuesday said domestic firms are complying with all sanctions related to trade with Iran, but a clear clarification on Trump's announcement that countries trading with Iran may face a 25 per cent tariff would help asses the impact of the warning. The announcement by Trump could impact India-Iran trade ..
Rationalising the import duty structure and increasing allocations in the forthcoming Budget would help boost domestic manufacturing and the country's exports, Deloitte India suggested on Tuesday. It also said reforms to the Special Economic Zone (SEZ) regime such as allowing domestic supply on a duty-forgone basis, easing sub-contracting norms and exempting value addition from customs duty along with a limited customs amnesty scheme would improve competitiveness and reducing litigation. The Budget for 2026-27 is expected to be presented on February 1. The consulting firm said that to give a sustained boost to India's exports, the Union Budget should build on the government's ongoing efforts to strengthen domestic manufacturing and enhance export competitiveness. "A key measure would be to further rationalize the customs duty structure - lowering duties on parts and components in sectors where India has achieved optimal manufacturing capacity, while increasing duties on finished .
Electronics exports from the country have crossed Rs 4 lakh crore in 2025 and are expected to grow when four semiconductor plants begin production this year, Union minister Ashwini Vaishnaw has said. According to official estimates, electronic production reached around Rs 11.3 crore and exports were to the tune of Rs 3.3 lakh crore in 2024-25. "Electronics exports crossed Rs 4 lakh crore in 2025, creating jobs and bringing foreign exchange. Momentum will continue in 2026 as four semiconductor plants come into commercial production," Vaishnaw said in a social media post on Monday. The mobile phone industry dominates the country's electronics manufacturing sector at present. According to industry estimates, more than 25 lakh people are employed in the electronics sector. The minister shared a report which states that iPhone exports from India have hit Rs 2.03 lakh crore in 2025, which is almost double that of Rs 1.1 lakh crore Apple exported in the calendar year 2024. According to
Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China. According to think tank GTRI, in 2024-25, New Zealand imported goods worth over USD 10 billion from China compared to just USD 711 million from New Delhi. Wellington's total imports in that fiscal year were USD 50 billion. GTRI's report stated that opportunities exist for various Indian sectors to increase penetration in the island nation, given a bilateral free trade agreement. The sectors with potential include processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting. India is a significant global ...