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Date: 16/04/2025

India mulls promoting new exporters, markets, products

With an eye on the goods exports target of $1 trillion by 2030, the government is working on a scheme to encourage new entities, including start-ups, to get into exports and also promote new markets and products, it is learnt. Some benefits are being explored, such as extending more interest equalisation to these entities, in addition to hand-holding support through various processes. This would be in alignment with the government’s export promotion mission announced in the 2025 Budget. If an exporter is looking at tapping a relatively new market, support such as the provision of warehousing facilities in that market may be extended by the government.  Similar support is likely to be given to encourage the export of new products, said a report.
 
source: Exim News Service: New Delhi, April 15



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