New Delhi: Commerce and Finance Ministries are dialogue for export promotion mission of Rs 2,250 crore, the expenditure financial committee expected to be taken soon, an official said on Wednesday.This mission was part of budget announcements, but has collected urgency in view of the possible adverse effects of American tariffs on India’s exports. The Department of Commerce has already prepared a blueprint, which is focused on expanding the number of exporters, especially MSMEs, especially MSMEs, supporting exporters for the first time.A significant emphasis is on export finance and implementing new equipment, while also to deal with non-tariff barriers standing by other countries. There were other emphasis areas of foreign warehousing and global branding initiative facility to tap emerging export opportunities.However, some of them may need to be tweeted, amidst demand for large support from exporters, especially in labor intensive people, such as clothes and shoes. “The committee, under the Ministry of Finance, will soon take the proposal. After its approval, it will go to the cabinet,” the official said. Commerce and Industry Minister Piyush Goyal has organized a series of stakeholder meetings to understand the challenges, which they are facing due to a high American tariff on Indian goods.
