Preparation to give a big blow to Donald Trump, government is making 20,000 crore expo

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Photo: Freepik Government wants to start mission from September

us President The arbitrariness of Donald Trump can be overwhelmed on him. In fact, India has started preparing to shock Donald Trump after the US imposed 25 percent tariffs. According to an Economic Times report, India is planning to introduce a long-term plan of Rs 20,000 crore by September this year to protect its exporters from global trade uncertainties and ups and downs. According to officials, under the new export promotion mission, several measures are being planned to make access to export credit easier and deal with non-tariff obstacles in foreign markets.

These ministries will jointly operate the mission

This initiative of the government becomes very important in view of the construction of domestic brands to manufacture and promote domestic brands to deal with 25% tariffs imposed by the Ministry of Commerce and Industry by the US. An official told the Economic Times, “This mission requires more than ₹ 20,000 crore in the next 5-6 years to implement it as a plan. It is under discussion.” This mission is being jointly operated by Commerce and Industry, Micro, Small and Medium Enterprises and Finance Ministries.

Government wants to start mission from September

“This mission will help in the export of the US and wherever our exports go indirectly. We have to complete it by August so that it starts by September,” the official said. The scheme also includes bringing brand India on global platforms on the lines of Japan, Korea and Switzerland, supporting e-commerce centers and developing districts as export centers. Ajay Sahay, director general of the federation of Indian export organizations (FIEO), said, “If such a big fund can support our exports in this challenging time then it will be quite positive.”

MSME exporters will be given collateral-free loan

There will be 5 different components of this mission-which will have better brand recall, e-commerce hub and warehousing and business facilities for Brand India related to trade finance, standard and market access, better brand recall for brand India. For MSME exporters, the plan is to provide a perfectly or partial collateral-free loan, with a limit on individual exporters and will be based on their credit history. Let us tell you that the US has imposed 25 to 20 percent tariffs on India, while Pakistan, Bangladesh, Türkiye and other rival countries.

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