Cabinet Likely to Approve Rs 25,000 Crore Export Mission, Ease Mineral Royalty Rates
The government is preparing to launch a major Rs 25,000 crore Export Promotion Mission (EPM) to give a strong push to India’s exports. Cabinet approval is expected soon. The plan is designed to make Indian products more competitive globally. It will strengthen export infrastructure through two core schemes — Niryat Protsahan and Niryat Disha.
Under Niryat Protsahan, exporters are likely to get interest equalisation support worth over Rs 5,000 crore. This support is intended to make credit more affordable. Niryat Disha, on the other hand, will focus on improving product quality and enhancing global branding. It will also work on upgrading warehousing and logistics facilities.
The Cabinet is also expected to rationalise royalty rates for key minerals such as graphite, caesium, and zirconium. It may approve the IPO of India Infrastructure Finance Company Ltd (IIFCL).
The Export Promotion Mission will bring together multiple ministries — including Commerce, MSME, and Finance. Institutions such as Exim Bank, ECGC, and state governments will also be involved. The goal is to boost export capabilities and build a stronger trade ecosystem for India.
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