Goyal Chairs Review On Plan To Achieve USD Two tn Export Target
ECONOMY & POLICY

Goyal Chairs Review On Plan To Achieve USD Two tn Export Target

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.

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.

Next Story
Infrastructure Urban

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Next Story
Infrastructure Transport

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Next Story
Infrastructure Transport

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement