Overview

• The Commerce Ministry has finalized a sector-targeted revision of the Export Promotion Mission and sent it to the Finance Ministry’s Expenditure Finance Committee for review.
• Planned measures include credit guarantees for MSME exporters, expedited clearances, cross-border factoring and overseas warehousing to mitigate the impact of 50% US tariffs.
• The scheme brings the Ministries of Textiles and Fisheries into a coordination framework with Commerce, Finance and MSME to support apparel, shrimp, chemicals and machinery exports.
• Industry consultations are under way to fine-tune financing modalities, operational details and exact sectoral allocations before cabinet approval.
• Officials are linking short-term relief with a long-term market diversification strategy through new FTA talks and expanded access in West Asia, the EU and EFTA markets.