Commerce and Industry Minister Piyush Goyal said that landlocked states will get focused support under recently approved export promotion mission, with an outlay of Rs 25,060 crore. India exports promotion mission will incorporate targeted schemes to help landlocked states enhance their competitiveness in the export sector. For the unversed, Haryana, Jharkhand, Madhya Pradesh, Chhattisgarh, and Telangana are five landlocked states in India having no direct access to the sea or an ocean coastline.
While addressing the fourth Board of Trade (BoT) meeting, Piyush Goyal also called for a strong centre-state partnership to boost export growth. The Indian board of Trade, reconstituted in 2019, serves as an apex advisory body on policy measures related to the Foreign Trade Policy.
Landlocked States to Get Boost Under Export Promotion Mission
The central government on November 12 approved an export promotion mission with an outlay of Rs 25,060 crore for six financial years, beginning from 2025-26, to help exporters deal with high tariffs imposed by the US and further to help them in market expansion. The mission will be implemented through two sub-schemes — Niryat Protsahan (Rs 10,401 crore) and Niryat Disha (Rs 14,659 crore). The schemes will extend trade support to exporters in India with focused support on landlocked states.
The Union commerce minister reiterated that India’s export strategy is now focused on market expansion, logistics reforms, MSME empowerment and technology adoption, he further said that India exports sector is primarily focused on positioning India as competitive and trusted trading partner. He also urged states to actively share their successful models and best practices, particularly in areas such as Ease of Doing Business and Single Window clearance systems.
RODTEP Extension a Major Boost for Exporters
Extension of RODTEP (Remission of Duties and Taxes on Exported Products) scheme until 31 March 2026 for all eligible export categories is a major boost for eligible exporters. Export Incentives scheme by the Indian government helps in boosting competitiveness by refunding embedded taxes that are not refunded through other schemes.
The meeting was attended by Ministers of various State Governments, senior officials from the Government of India and States/UTs, Export Promotion Councils, industry associations and a large number of exporters and trade experts. The meeting was strategically organized to discuss the export strategy as the country’s exports fell by a steep 11.8 per cent to USD 34.38 billion in October due to the impact of high US tariffs, while the trade deficit widened to a record high of USD 41.68 billion, mainly due to a jump in gold imports.
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