It mentioned that exporters have missed vital alternatives between April and August to take part in abroad gala's.
“With a modest funds of solely Rs 250 crore in previous years, the scheme was already too small for a USD 440 plus billion export financial system. It should be revived with a scaled-up funds of Rs 2,500 crore yearly, with funds launched at the very least a 12 months prematurely to permit Indian corporations to safe high-visibility slots at international gala's,” International Commerce Analysis Initiative (GTRI) Founder Ajay Srivastava mentioned.
He additionally known as for resumption of Curiosity Equalisation Scheme (IES), rapid roll out of the Export Promotion Mission (EPM), and E-commerce Export Hubs to spice up exports amid 50 per cent tariffs imposed by the US on Indian items.
Additional, Srivastava really useful rushing up of Customs clearance, making the Remission of Duties and Taxes on Exported Merchandise scheme advantages predictable, and simplification of advance authorisation scheme.
“The MAI, which helped exporters take part in abroad exhibitions, has not acquired any funds in FY2025, the primary such lapse in many years. In consequence, exporters missed vital alternatives between April and August, and even when funds are launched later, prime exhibition areas booked 1-2 years prematurely will now not be obtainable,” he mentioned. He added that the suspension of the Curiosity Equalisation Scheme (IES) since April 2025 has left MSME exporters battling excessive financing prices in comparison with the 5-7 per cent decrease charges they beforehand loved underneath the scheme. “This has eroded competitiveness for labour-intensive sectors akin to textiles, leather-based, handicrafts, and engineering items,” he mentioned including to revive their value benefit and guarantee predictability, IES should be reinstated to cowl all exports and with an expanded annual funds of Rs 15,000 crore and a five-year dedication.
Additional the coverage to ascertain E-commerce Export Hubs, introduced in February 2023, has not progressed, with no infrastructure or tips in place to permit shipments, GTRI mentioned.
Urgently, operationalizing hubs might unlock USD 10-15 billion in further annual exports in only a few years, it mentioned.
On the customs entrance, he mentioned, exporters proceed to face severe inefficiencies at ports.
Unbiased year-round monitoring might scale back logistics prices by 5-7 per cent of export worth, he mentioned.
Expressing concern, Srivastava mentioned export promotion funding has steadily declined, weakening help for small and mid-sized exporters.
The sooner MEIS scheme had a Rs 45,000 crore outlay benefitting 40,000 exporters, however it was abolished in 2020 and changed by RoDTEP and RoSCTL with barely Rs 20,000 crore, he mentioned.
“The majority of funds have been shifted to the PLI scheme, which has benefitted fewer than 100 corporations, with restricted disbursements. To revive stability, India should allocate larger quantities yearly to broad- based mostly export schemes, guaranteeing widespread help for MSMEs, whereas persevering with PLI for large- scale sectors,” he steered.
as a Dependable and Trusted Information SupplyDiversifying exports, he mentioned, to new markets is not going to occur in a single day, however by reducing prices by 5-10 per cent by means of revived schemes, streamlined procedures, and expanded funding, India should buy time and area for exporters to steadily broaden past the US market.
