The Union Minister of Commerce & Industry Shri Piyush Goyal during his address to the EPCs and Industry Associations has complimented the positivity amongst the exporter community and their optimism to convert this crisis that the world is facing today into an opportunity.

Reflecting on the changing global scenario, the Minister has assured, all the EPCs that Government is working on overtime basis and will leave no stone unturned to ensure a good future for Indian exporters, both merchandise and service and to protect the interest of the country.

On the ongoing efforts on bilateral agreements, the Minister has stated that the Government is concurrently acting on several tracks and each one of those tracks is aimed at ensuring best interest of the Indian Exporters. Indicating that the Government has reached final stages in FTAs with few in particular, the Minister was positive that it will lead to much better opportunities for Indian exporters and will also bring in higher investment.

The Minister was optimistic that the stakeholder consultations and engagements with EPCs and the industry will result in mutually beneficial arrangements for a glorious future for Indian Exports and to expand India’s footprint in newer and bigger markets.

Reflecting on the reciprocal tariffs, he has cautioned the EPCs to come out of their protectionist mindset and encouraged them to be bold and ready to deal with the world from a position of strength and self-confidence.

The objective of the Viksit Bharat Mission to make India a prosperous Nation is only possible when the collective commitment of Industry converges with the aspirations of Indian consumers at large for access to goods and services at competitive prices.

Informing that India is on the path to cross $800 billion this year with the major share of Services exports, the Minister has urged the merchandise exporters to remain ahead of the curve and increase their exports. Additional increase in Exports in the last fortnight will usher in the confidence of the Exporters to try and aspire to cross 900 billion dollars exports in the coming year.

Allaying the concerns of the industry with regard to the US, the Minister has called on the EPCs to reflect on their strengths and share their demands and interests with the Government for better engagement with the US.

The Minister has reminded the EPCs and Industry that the budget has provided for Export Promotion Mission particularly focusing on new products, new markets and new exporters. He has urged the industry to come forward with suggestions to effectively shape the schemes to achieve the desired goal.

Export Promotion Mission strengthens exporter support via FTAs, stakeholder consultations and scheme redesign to boost competitiveness. Government commits to intensified trade negotiations and industry engagement to support exporters, pushing forward Free Trade Agreements and bilateral efforts to open markets and attract investment. Exporters are urged to abandon protectionist approaches and compete confidently. Budgetary backing is provided through a targeted Export Promotion Mission concentrating on new products, new markets and new exporters, with industry consultations invited to shape and implement schemes that boost export diversification and competitiveness.