The suppose tank famous that the Export Promotion Mission aimed toward “making a single framework for enhancing India's export competitiveness” stays solely a “broad define”
In response to GTRI, the EPM will function by two pillars. The primary, NIRYAT PROTSAHAN, is designed to make commerce finance cheaper for MSMEs by “curiosity help, export factoring, collateral ensures, credit score enhancement, and bank cards for e-commerce exporters”
Precedence shall be given to sectors impacted by world tariff hikes, together with “textiles, leather-based, gems and jewelry, engineering items, and marine merchandise”
The second pillar, NIRYAT DISHA, will present non-financial help similar to assist with “export high quality and compliance, higher branding and packaging, participation in worldwide commerce gala's, export warehousing, logistics help, and inland transport reimbursements”
The EPM additionally subsumes older programmes, together with the Curiosity Equalisation Scheme (IES) and the Market Entry Initiative (MAI).Nevertheless, the GTRI evaluation flags a sequence of weaknesses that would delay advantages to exporters. It states that the Mission “must be translated into detailed schemes with exact pointers specifying eligibility, processes, and disbursal guidelines” and {that a} new on-line system must be constructed, a course of that “might take months earlier than exporters obtain any profit”.Funding has emerged as a significant concern. Although the entire outlay is Rs25,060 crore over six years, GTRI factors out that “the monetary sources don't match the Mission's ambition,” noting that final yr alone, IES price greater than Rs3,500 crore, leaving restricted room for all different actions below EPM.
GTRI evaluation additionally highlights institutional challenges, stating that DGFT, now the implementing company, will want “new studying to discharge this operate,” as earlier monetary schemes have been managed by banks below RBI oversight. This might “sluggish approvals and create operational delays.”
GTRI additional warns of a slowdown in rollout. With “eight months of FY 2025-26 already handed,” the suppose tank notes that older schemes like MAI and IES “have made no payouts this yr, leaving exporters unsupported throughout a troublesome world setting.”
Nevertheless, GTRI added that whereas the Mission is a “welcome step,” its success will rely upon “rapidly issuing detailed pointers, making certain sufficient funding, and constructing robust coordination mechanisms.”
With out speedy operationalisation, “exporters, particularly MSMEs, might proceed to wrestle” within the present world setting.
