The Union Minister of Commerce and Industry chaired a high-level review of the Plan of Action to achieve India’s USD two tn export target by 2030–31, comprising USD one tn in merchandise and USD one tn in services. The Department of Commerce (DoC) has prepared a structured Export Monitoring Framework to convert the national target into sectoral actions and guide coordinated implementation.

Reviewing the framework, the minister said achievement would rest on three key pillars: clearly defined actionable points with timelines, assigned Nodal Joint Secretaries and classification of actions as supply-side or demand-side linked to key performance indicators. He emphasised the need for inter-departmental coordination and an IT-enabled monitoring platform with an automated escalation mechanism for Secretary and Minister level review.

The minister directed that, in consultation with line ministries, priority sectors be identified where import substitution can be pursued alongside export expansion. He reviewed the implementation of the Export Promotion Mission (EPM), a flagship Micro, Small and Medium Enterprises (MSMEs)-focused initiative, and its two integrated sub-schemes, Niryat Protsahan for trade finance and Niryat Disha for market access.

He noted that 10 components under the EPM have been operationalised, including interest subvention, alternative trade finance or export factoring, credit assistance for e-commerce exporters, collateral support for export credit, risk sharing for emerging opportunities, testing inspection and certification, market access support, export warehousing and logistics, inland transport and handling, and trade facilitation and intelligence. The minister also took note of a Relief Scheme under the EPM for exporters affected by the West Asia crisis.

Emphasising effective implementation, he directed that benefits reach exporters at the ground level, particularly genuine and first-time exporters and MSMEs, and that awareness and outreach be strengthened through Export Promotion Councils, Commodity Boards and DGFT regional authorities. He highlighted the need to prioritise overseas warehousing and quality infrastructure and to extend market access support beyond councils while developing a rolling three-year calendar of fairs and buyer-seller meets.

The minister underlined strengthening Brand India as an overarching umbrella and said initiatives must translate into tangible support in finance, market access, compliance, logistics and brand visibility. He affirmed that the USD two tn export target is achievable with disciplined execution, real-time monitoring and effective inter-departmental coordination. The meeting was attended by the Director General of Foreign Trade, Additional Secretaries, Joint Secretaries of commodity divisions and other senior officers of the DoC.