Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved an Export Promotion Mission (EPM) with an outlook of Rs 25,060 crore. The move assumes significance at a time when India’s exports to the US face a penal 50% tariff. Additionally, the Cabinet also approved the expansion of credit guarantee scheme for exporters. The Export Promotion Mission scheme was first announced by FM Nirmala Sitharaman in the Union Budget 2025 speech earlier this year. The duration of the scheme will be six years from FY 2025-26 to FY 2030-31. The Export Promotion Mission will consolidate multiple schemes into a single mechanism. The Export Promotion Mission aims to introduce an extensive, adaptable and digital-first approach towards boosting exports. EPM will consolidate key export support s

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