Indian Government Adjusts Export Plan Amid US Tariffs

• Indian government is adjusting its Export Promotion Mission to focus on specific sectors affected by US tariffs.

• The plan includes reducing credit costs for MSME borrowers in the worst-hit sectors, expediting clearances, and offering export incentives.

• The initiative is a joint effort across several Ministries and involves consultations with industry stakeholders.

• The sectors most likely to be affected by US tariffs include apparel and textiles, shrimp exporters, organic chemicals, and machinery and mechanical appliances.

• The revised mission includes credit guarantees for MSME exporters, speeding up clearances, and discussions on export incentives.

• The revised mission will also include coordination with the Ministry of Textiles and Department of Fisheries, along with other Ministries of Commerce, Finance, and MSME.

India Export Strategy is important topic for Civil service exam (WBCS).

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