Exporters are adopting a wait-and-watch approach as they await clarity on the contours of the government’s new Export Promotion Mission (EPM), approved by the Cabinet on November 11 and pegged at around Rs 4,200 crore for FY26.

However, industry sources said a sizeable portion, around Rs 1,600 crore, may first go toward clearing pending dues under older schemes such as the Market Access Initiative (MAI) and the Interest Equalisation Scheme (IES), leaving limited fresh support for the year.

Global Trade Research Initiative’s (GTRI) Ajay Srivastava points out that funding for the fiscal is a concern since the Mission's total outlay of Rs 25,060 crore is spread over six years. “Last year alone, the Interest Equalisation Scheme cost more than Rs 3,500 crore, leaving very limited funds for th

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