Page 2 - Trade Exports

Guidelines for export promotion mission to be released next week: Goyal

The guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) are likely to be released from next week, detailing its components and benefits for the industry, Commerce and Industry Minister Piyush Goyal said. The government, on November 12, approved the EPM with an outlay of Rs 25,060 crore for six financial years, beginning 2025-26, to help exporters deal with high tariffs imposed by the US. The mission will be implemented through two sub-schemes -- Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). "The guidelines for the export promotion mission will be released soon. I think the details, including its elements and how the industry can benefit from it, will be released next week," he told PTI. Under the Export Promotion Mission, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems and jewellery, engineering goods, and marine products. These sectors are facing challenges in the US

Govt to clear ₹800 crore pending exporters' dues under revamped IES

The move aims to ease pressure on MSME exporters as the revamped Interest Equalisation Scheme is folded into the new Export Promotion Mission

Exports dip 11.8% to $34.38 bn in Oct; trade deficit widens to $41.68 bn

Exports to the United States also declined, dropping to $6.3 billion in October from $6.9 billion a year earlier

India's exports fall 11.8% to $34.38 in Oct as imports rise on gold, silver

India's exports contracted 11.8 per cent to USD 34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to USD 76.06 billion. The country's trade deficit stood at USD 41.68 billion during the reporting month. Imports surged due to increased shipments of gold and silver. Gold imports jumped to USD 14.72 bn in the last month against USD 4.92 bn recorded in the same month last year. The country's exports to the United States declined to USD 6.3 bn in October as against USD 6.9 bn registered in the year-ago month, Commerce Secretary Rajesh Agrawal told reporters here. During April-October this fiscal, exports increased marginally by 0.63 per cent to USD 254.25 billion. At the same time, imports rose 6.37 per cent to USD 451.08 billion, the commerce ministry data showed.

Examining relief measures for SEZs to boost production: Piyush Goyal

The government is examining proposals to roll out certain relief measures to boost production in Special Economic Zones (SEZs), Commerce and Industry Minister Piyush Goyal said on Saturday. He also said the ministry is looking at ways and means to promote excess capacities in these zones for use in the domestic market in India. This will be in a way also an import substitution because many goods that come into India from other countries get better benefits than the SEZ supplies to DTAs (domestic tariffs areas), he said while visiting Brandix textiles units in Andhra Pradesh SEZ here. "We are trying to bridge that gap and we are very hopeful that soon the output from all the SEZs will increase in a big way. "We are also examining what further relief we can give to the SEZs so that we can increase production in these zones," he said. The minister was here to attend CII Partnership Summit 2025. He added that the SEZ Commissioners of the country have been asked to hold a meeting here

Govt's ₹45,000 cr schemes to boost global competitiveness: Exporters

The two schemes with an outlay of Rs 45,000 crore approved by the government for exporters will help industry tackle long-standing challenges such as affordable finance, compliance complexities, and branding gaps, exporters say. They said that the Export Promotion Mission (Rs 25,060 crore) and the Credit Guarantee Scheme (Rs 20,000 crore) will strengthen India's export ecosystem and global competitiveness. Sanjay Budhia, Chairman of CII's National Committee on Exports and Managing Director of Patton International Ltd, said these measures aim to empower MSMEs, first-time exporters, and labour-intensive sectors, ensuring resilience amid global trade uncertainties. Budhia said, "By integrating financial and non-financial interventions under one umbrella, it tackles long-standing challenges such as affordable finance, compliance complexities, and branding gaps, unlocking new opportunities for MSMEs" He added that digital integration with existing trade systems will transform the export

Swift rollout of export promotion hinges on clear rules, funding: GTRI

The successful rollout of the Export Promotion Mission, approved by the government on Wednesday, will depend on swift issuance of detailed guidelines, adequate funding, and building strong coordination mechanisms, think tank GTRI said on Thursday. The government approved Rs 25,060 crore Export Promotion Mission which seeks to strengthen India's export competitiveness, particularly for MSMEs, first-time exporters, and labour-intensive sectors. The Global Trade Research Initiative (GTRI) said the total outlay of Rs 25,060 crore over six years is less than Rs 4,200 crore per year. Last year alone, the Interest Equalisation Scheme cost more than Rs 3,500 crore, leaving very limited funds for the many activities, such as branding, packaging, trade fairs, compliance, and logistics, it said. Another issue, it said, eight months of 2025-26 have already passed and older programmes like MAI (market access Initiative) and IES, which operated until last year, have made no payouts this year, ..

Cabinet decisions on exports to improve competitiveness, says PM Modi

Prime Minister Narendra Modi on Thursday said the decisions of the Union Cabinet regarding exports will improve global competitiveness and help realise the dream of self-reliance. The Union Cabinet, at a meeting chaired by Modi on Wednesday, approved the export promotion mission and a credit guarantee scheme for exporters. "Ensuring 'Made in India' resonates even louder in the world market! The Union Cabinet approved the Export Promotion Mission (EPM), which will improve export competitiveness, help MSMEs, first-time exporters and sectors that are labour-intensive," Modi said in a post on X. "It brings together key stakeholders to build a mechanism that is outcome based and effective," he said. The prime minister also said the Credit Guarantee Scheme for Exporters, which has been approved by the Cabinet, will boost global competitiveness, ensure smooth business operations and help realise our dream of an Aatmanirbhar Bharat. Modi said the decision to rationalise the royalty rates

EOUs need not debit anti-dumping duty to the B-17 bond at import stage

TNC Rajagopalan answers SME queries related to GST, export and import matters

Mobile exports find stronger signal, hit record $2.4 billion in October

After festival lull, Apr-Oct shipments power a 50% jump for FY26 so far

EU carbon levy may tilt steel trade away from India: Kuehne + Nagel's exec

In worst-case scenario, European importers could shift towards China, says Kuehne + Nagel's exec

China's exports fall 1.1% in Oct, hit by 25% drop in shipments to US

China's exports contracted in October, hit by a 25% drop in shipments to the United States, the government reported Friday. Persisting trade tensions with Washington may get a respite in the final quarter of the year after President Donald Trump and Chinese leader Xi Jinping agreed last week to de-escalate the trade war between the two largest economies. But trade friction still appears to be casting a pall on demand elsewhere. Customs data show a 1.1% drop in China's global exports in October compared to a year earlier, the weakest since February, following an 8.3% increase in September. Imports rose 1% last month from the year before, compared with 7.4% growth in September. China's shipments to the US have already fallen by double-digits for seven consecutive months, while it has diversified its export markets to regions such as Southeast Asia and Africa. The October decline also was affected by a high base for the same month in 2024, when exports growth soared more than 12.6%,

India's exporters tap new markets to offset losses from US tariffs

India's merchandise exports grew 6.7% year-on-year to $36.38 billion in September 2025. However, shipments to the United States declined 11.9% to $5.46 billion during the same period

Govt seeks views on allowing FDI in inventory-based e-commerce for exports

The Commerce and Industry Ministry has floated a note seeking views from various central government departments on a proposal to allow foreign direct investment (FDI) in the inventory-based model of e-commerce solely for export purposes, an official said. The proposal aims to boost India's exports without impacting the businesses of small retailers. At present, the country's FDI policy does not permit overseas investments in the inventory-based model of e-commerce. It is 100 per cent allowed through the automatic route in firms that are operating through a marketplace model only, like Amazon and Flipkart. The proposal is to permit e-commerce entities in the inventory-based model of e-commerce, exclusively for the export of goods and products manufactured or produced in India, in compliance with the existing FDI policy, the official said. According to the FDI policy, the inventory-based model of e-commerce means an e-commerce activity where the inventory of goods and services is own

India to record positive export growth in current financial year: Goyal

Piyush Goyal said that the country's overall goods and services exports grew by about 5 per cent to $413.3 billion during April-September period of the financial year 2025-26

India's smartphone exports to US fly high, retreat in top European markets

An interplay of smartphone makers' decisions and government trade policies could be the reason for trend

Institute Cargo Clauses (A) cover general average and salvage charges

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

China widens export curbs on rare earths ahead of critical Xi-Trump meeting

Overseas exporters of items that use even traces of certain rare earths sourced from China will now need an export licence

From oil to pistachios: How barter trade is reshaping global commerce

Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions

Exports making Indian factories up to 25% more eco-friendly: IIM study

Exports not only boost business growth but also make Indian factories greener, a study by the Indian Institute of Management (IIM), Lucknow, has found after analysing two decades of firm-level data. Described as the first-of-its-kind, the study examined whether export orientation encourages Indian manufacturing companies to adopt greener practices. Led by Chandan Sharma, professor of Economics and Business Environment at IIM-Lucknow, it has been published in the prestigious Energy Economics (Elsevier) journal. While trade is often criticised for raising environmental pressures in developing countries, there is limited causal evidence on whether exporting firms adopt greener practices, especially in terms of energy use. By applying the Propensity Score MatchingDifference-in-Differences (PSM-DID) methodology, the researchers addressed this gap and explored several important insights. "Our research shows that exports don't just boost growth, they also make Indian factories greener. ..