New Delhi, November 12, 2025 — Prime Minister Narendra Modi on Wednesday hailed the Union Cabinet’s new export-oriented decisions as transformative steps toward enhancing India’s global competitiveness and achieving the nation’s long-term vision of self-reliance (Atmanirbhar Bharat).
Chairing the Cabinet meeting in New Delhi, the Prime Minister approved two key measures — the National Export Promotion Mission (NEPM) and a Credit Guarantee Scheme for Exporters (CGSE) — both aimed at supporting Indian businesses in expanding their global footprint and improving the ease of doing business for small and medium exporters.
Strengthening India’s export ecosystem
In a statement released after the Cabinet meeting, the Prime Minister said,
“The Cabinet’s decisions will strengthen India’s export sector, enhance our competitiveness, and help realise our collective dream of self-reliance. These reforms will empower our exporters and make Indian goods more visible and valuable across global markets.”
The National Export Promotion Mission seeks to streamline policies across multiple ministries, simplify export documentation, and promote high-value sectors such as electronics, renewable energy equipment, textiles, pharmaceuticals, and processed foods.
Under the new framework, the government will establish a Central Export Facilitation Board (CEFB), which will coordinate with states, trade associations, and industry stakeholders to identify barriers and recommend policy interventions.
Credit support for exporters
The second major initiative, the Credit Guarantee Scheme for Exporters, will be implemented through the Export Credit Guarantee Corporation (ECGC) and is expected to reduce financial risks for exporters, particularly MSMEs (Micro, Small & Medium Enterprises).
Finance Minister Nirmala Sitharaman, who was also present at the briefing, said the scheme would provide guaranteed coverage of up to 85% for export-related loans, encouraging banks to extend easier credit to exporters.
“Access to affordable finance has been a persistent challenge for small exporters. This new credit guarantee framework ensures that exporters can focus on growth without worrying about collateral or delayed payments,” Sitharaman added.
Enhancing global competitiveness
India’s exports have shown resilience amid global slowdowns. In FY 2024–25, India recorded $776 billion in total exports, including goods and services. However, trade experts believe that policy consistency, trade facilitation, and logistics reforms are crucial to sustaining this momentum.
Commerce and Industry Minister Piyush Goyal said the new export promotion mission would work hand-in-hand with initiatives like PM Gati Shakti, Make in India, and PLI (Production-Linked Incentive) Schemes, to help industries become globally competitive.
“Our goal is to take India’s annual exports beyond $1 trillion by 2030,” Goyal said. “This mission is not just about increasing numbers — it’s about building trust in Brand India.”
Focus on MSMEs and digital trade
The Cabinet also discussed integrating digital trade platforms and simplifying customs procedures. The government plans to introduce a single-window export clearance system, enabling exporters to track shipments and approvals in real time.
To promote inclusivity, a dedicated MSME Export Cell will be set up to help small manufacturers participate in global supply chains, especially in e-commerce exports and digital services.
“Our MSMEs are the backbone of India’s trade ecosystem,” the Prime Minister said. “By empowering them with better access to global markets, we are building an India that exports not just products but also ideas and innovation.”
Industry response
Business leaders and industry bodies welcomed the Cabinet’s decisions. The Federation of Indian Export Organisations (FIEO) said the announcements would bring “policy stability and renewed optimism” to the export community.
FIEO President Ashwani Kumar commented, “This is a bold and timely initiative. The export promotion mission will help reduce procedural bottlenecks, while the credit guarantee scheme will strengthen confidence among small exporters who often struggle with financing.”
Towards Atmanirbhar Bharat
The Prime Minister reiterated that boosting exports is an essential pillar of the Atmanirbhar Bharat vision. He added that a globally competitive export economy would create millions of jobs, attract foreign investment, and strengthen India’s rupee position.
“Every rupee earned through exports adds strength to our economy. The more competitive our exports, the more resilient our nation,” he said.
With these Cabinet decisions, the government hopes to accelerate India’s transformation into a global manufacturing and export powerhouse, positioning it among the world’s top five trading nations within the next decade.
