The Centre may soon launch a 2,250 crore export promotion mission to deal with U.S. tariffs
The central government is preparing to launch a Rs 2,250 crore export promotion mission aimed at protecting Indian industry from global trade uncertainty, especially the impact of the US’s steep U.S. tariffs. The plan was first announced in the union budget and aims to promote domestic consumption, explore new markets and strengthen supply chains.
Sources said the mission will allow MSMES to loosen credit, promote overseas warehousing and promote global brands for MSME and e-commerce exporters.
The General Administration of Foreign Affairs (DGFT) has provided a detailed introduction to the Programme of the Export Promotion Committee and other stakeholders.
Please read also:Since 40% of exports are exported to us: SBI Research
Two strategies for export growth
The task can therefore be structured in order to divide it into two categories: export promotion, providing necessary trade finance assistance and export guidance, which covers all other functions regarding the overall view of considering international market access. Foreign marketing programs, such as targeted brands, can also be included to support exporters’ work in gaining emerging opportunities.
Please read also:“Detailed Dialogue with My Friends”: Putin, President of PM Modi Dials Putin, discussing Ukrainian conflict in the U.S. tariff war
More and more key tariff departments
The Commerce Department recently held several stakeholder meetings to measure industry concerns to understand U.S. President Donald Trump’s 50% tariff on Indian goods. Areas such as textiles, chemicals, leather and footwear are expected to be one of the worst hits.
India’s export performance shows signs of pressure. In June, freight volumes in June were $35.14 billion due to global economic headwinds, while the trade deficit narrowed to a four-month low of $18.78 billion. Growth in key areas such as oil, fabrics, gems and jewelry, iron ore, petroleum seeds, cashews, spices, tobacco and coffee.
Exports were slightly 1.92% to $112.17 billion during the 2025-26 period from April to June, while imports climbed 4.24% to $179.4 million.
