Union Cabinet Approves ₹25,060-Crore Export Promotion Mission to Boost India’s Global Trade
Under the Export Promotion Mission, the government will provide priority support to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods, and marine products. These interventions aim to help sustain export orders, protect jobs, and support diversification into new geographies.
A Major Step to Strengthen India’s Export Competitiveness
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Export Promotion Mission (EPM) — a landmark initiative aimed at strengthening India’s global trade framework. With a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31, the Mission seeks to enhance export competitiveness, with a special focus on micro, small, and medium enterprises (MSMEs), first-time exporters, and labour-intensive sectors.
Priority Support for the Gems & Jewellery Sector
Under the Export Promotion Mission, the government will provide priority support to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods, and marine products. These interventions aim to help sustain export orders, protect jobs, and support diversification into new geographies.
This initiative, highlighted in the Union Budget for FY 2025–26, represents a significant step toward strengthening India’s export ecosystem, particularly for gems and jewellery exporters, who contribute substantially to the country’s overall export performance.
A Unified and Digitally Driven Export Framework
The EPM marks a strategic shift from multiple fragmented schemes to a single, outcome-based, and adaptive mechanism that can respond swiftly to global trade challenges and evolving exporter needs.
Anchored by the Department of Commerce, in collaboration with the Ministry of MSME, Ministry of Finance, Export Promotion Councils, Commodity Boards, industry associations, financial institutions, and state governments, the Mission will provide a comprehensive and flexible framework for export promotion.
The Directorate General of Foreign Trade (DGFT) will act as the implementing agency, with all processes — from application to disbursal — being managed through a dedicated digital platform integrated with existing trade systems.
Two Sub-Schemes to Empower Exporters
NIRYAT PROTSAHAN
This sub-scheme focuses on improving access to affordable trade finance for MSMEs through instruments such as:
- Interest subvention
- Export factoring
- Collateral guarantees
- Credit cards for e-commerce exporters
- Credit enhancement support for diversification into new markets
NIRYAT DISHA
This sub-scheme provides non-financial enablers that enhance market readiness and competitiveness, including:
- Export quality and compliance support
- Assistance for international branding, packaging, and trade fair participation
- Export warehousing and logistics
- Inland transport reimbursements
- Trade intelligence and capacity-building initiatives
These measures will help gems and jewellery MSMEs strengthen their market presence and build a stronger, globally competitive export base.
Consolidation of Key Export Schemes
The EPM consolidates key export support schemes such as the Interest Equalisation Scheme (IES) and Market Access Initiative (MAI), aligning them with contemporary trade needs. This will simplify processes, improve the ease of doing business, and make export promotion more responsive and effective.
Objectives of the Export Promotion Mission
The Export Promotion Mission aims to address the key structural challenges in India’s export ecosystem, such as limited access to affordable finance, high compliance costs, inadequate branding, and logistical disadvantages. It will:
- Facilitate access to affordable trade finance for MSMEs
- Enhance export readiness through compliance and certification support
- Improve market access and visibility for Indian products
- Boost exports from non-traditional districts and sectors
- Generate employment across manufacturing, logistics, and allied services
Industry Applauds the Government’s Visionary Initiative
GJEPC Welcomes the Support for the Gems & Jewellery Sector
“We extend our sincere gratitude to the Hon’ble Prime Minister Shri Narendra Modi, the Union Cabinet, Hon’ble Finance Minister Smt. Nirmala Sitharaman, and Hon’ble Minister of Commerce & Industry Shri Piyush Goyal for recognising the gem and jewellery sector among the priority industries under the Export Promotion Mission (EPM), with a total outlay of ₹25,060 crore for FY 2025–26 to FY 2030–31.
This bold and visionary initiative comes at a pivotal time, as the industry navigates global headwinds and challenging market dynamics. It will greatly enhance the ease of doing business and strengthen India’s export competitiveness.
The inclusion of key measures such as interest subvention and expanded support for trade fairs will particularly empower MSMEs and first-time exporters, fostering wider global outreach and sustainable growth.
The GJEPC looks forward to working closely with the Government to translate this support into higher exports, greater value addition, and enhanced employment opportunities for our sector.”
Kirit Bhansali
Chairman, GJEPC
GJC Lauds the Visionary Export Framework
“We sincerely thank the Hon’ble Prime Minister and the Ministry of Commerce & Industry for this far-sighted policy that combines financial support, market access, and digital facilitation in one unified framework. The gems and jewellery industry, which has always been a proud symbol of India’s craftsmanship and economic strength, stands to gain immensely from the Niryat Protsahan, Niryat Disha, and Credit Guarantee initiatives.
This will empower countless MSMEs, strengthen India’s export competitiveness, and accelerate our collective journey towards the vision of Aatmanirbhar Bharat and the USD 1 trillion export target.”
Rajesh Rokde
Chairman
Avinash Gupta
Vice Chairman
Towards a Globally Competitive and Inclusive Export Ecosystem
The Export Promotion Mission represents a forward-looking, inclusive, and technology-enabled framework that aligns with the vision of Viksit Bharat @2047.
By prioritising sectors such as gems and jewellery, the Government of India is enabling exporters to innovate, expand globally, and contribute to the nation’s ambition of becoming a leading player in world trade.
Official Press Release:
PIB – Union Cabinet Approves Export Promotion Mission
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