Date: 2026-04-29Category: Press ReleaseState: Union GovernmentCountry: India
Union Minister of Commerce and Industry Shri Piyush Goyal chairs review meeting on Plan of Action for achieving USD 2 Trillion Export Target by 2030-31
**Executive Summary**
Union Minister Shri Piyush Goyal chaired a high-level meeting to review the action plan for achieving a USD 2 trillion export target by 2030-31, split equally between merchandise and services. The session focused on the implementation of the Export Promotion Mission (EPM) and the operationalization of ten key components designed to support MSMEs and agricultural exports. Key mandates include the establishment of an IT-enabled monitoring platform and the development of a rolling three-year calendar for international trade events.
**Key Points / Main Content**
**Export Monitoring Framework and Strategy**
* **Target Composition:** India aims for USD 1 trillion in merchandise exports and USD 1 trillion in services exports by 2030-31.
* **Three Pillars of Implementation:** Achievement relies on actionable points with specific timelines, inter-departmental coordination to resolve exporter issues, and a new IT-enabled monitoring platform with automated escalation mechanisms.
* **Sectoral Oversight:** National targets are broken down into sector-wise actions (Engineering, Textiles, Electronics, Pharma, Chemicals, and Services), each assigned to a Nodal Joint Secretary.
* **Import Substitution:** Priority sectors will be identified to pursue import substitution strategies alongside export promotion.
**Export Promotion Mission (EPM) and Sub-Schemes**
* **Core Sub-Schemes:** The EPM operates through ‘Niryat Protsahan’ (focused on trade finance) and ‘Niryat Disha’ (focused on market access).
* **Operational Components:** Ten components are currently active, including interest subvention, export factoring, e-commerce credit assistance, collateral support, and risk sharing for emerging opportunities.
* **Infrastructure and Compliance:** Specific focus is placed on support for testing, inspection, certification, warehousing, logistics, and inland transport handling.
* **Crisis Management:** A Relief Scheme has been launched under the EPM to support exporters impacted by the ongoing West Asia crisis.
**Strategic Directives for Growth**
* **MSME and Agriculture Focus:** These sectors are designated as key priorities across all EPM components to enhance global competitiveness.
* **Predictability in Trade:** A rolling three-year calendar for trade fairs, buyer-seller meets, and trade delegations will be developed to provide predictability for stakeholders.
* **Brand India:** The "Brand India" initiative will serve as an overarching umbrella for promotion across all global markets and sectors.
**Impact Analysis**
**MSMEs and First-time Exporters**
**Impact**
They receive targeted support through trade finance, logistics assistance, and reduced bottlenecks in testing and certification to enhance global competitiveness.
**Action Required**
Engage with Export Promotion Councils and DGFT Regional Authorities to utilize available schemes and participate in the upcoming three-year trade event calendar.
**Nodal Joint Secretaries and Line Ministries**
**Impact**
These officials are now directly accountable for sectoral KPIs and must ensure inter-departmental synergy to resolve exporter grievances.
**Action Required**
Identify priority sectors for import substitution and utilize the IT-enabled monitoring platform for regular progress tracking and reporting.
**Export Promotion Councils and Commodity Boards**
**Impact**
These organizations are tasked with broader outreach and must coordinate market access support beyond traditional boundaries to include field-level organizations.
**Action Required**
Strengthen awareness and outreach efforts to ensure ground-level exporters are fully informed of scheme modalities and 'Brand India' initiatives.
Key Entities Referenced
Export Promotion Mission (EPM): A flagship MSME-focused initiative aimed at addressing export bottlenecks and enabling inclusive, sustainable export growth.
Niryat Protsahan: An integrated sub-scheme under the EPM focused on providing exporters with better access to trade finance.
Niryat Disha: An integrated sub-scheme under the EPM focused on facilitating and enhancing market access for exporters.
Export Monitoring Framework: A structured system developed by the Department of Commerce to track sector-wise actions and progress toward national export targets.
Brand India: An overarching promotional initiative intended to serve as an umbrella for India’s export promotion efforts across global sectors and markets.
Ministry of Commerce & Industry
Union Minister of Commerce and Industry Shri
Piyush Goyal chairs review meeting on Plan of
Action for achieving USD 2 Trillion Export Target
by 2030-31
Shri Goyal Reviews Export Promotion Mission, Directs
Sharper Focus on MSMEs, Agricultural Exports, Warehousing
and Certification, and a Bigger Push on Brand India
Posted On: 29 APR 2026 7:24PM by PIB Delhi
The Union Minister of Commerce and Industry, Shri Piyush Goyal, chaired a high-level review meeting to
deliberate on the Plan of Action for achieving India’s USD 2 Trillion export target by 2030–31 and to
review the implementation of the Export Promotion Mission (EPM).
India is targeting USD 2 Trillion in total exports by 2030–31, comprising USD 1 Trillion in merchandise
exports and USD 1 Trillion in services exports. The Department of Commerce has developed a structured
Export Monitoring Framework, which breaks down the national target into sector-wise actions across
Engineering Goods, Textiles, Electronics, Pharmaceuticals, Chemicals and Services.
Reviewing the framework, Shri Goyal stated that achievement of the target will be based on three key
pillars. These include clearly defined and actionable points with timelines, where each sectoral action is
assigned to a Nodal Joint Secretary, classified as supply-side or demand-side, linked to key performance
indicators and aligned with short, medium and long-term timelines. He also emphasised the importance of
inter-departmental coordination, with supporting Ministries and Departments identified for each task to
ensure effective resolution of exporter-related issues. In addition, Shri Goyal highlighted the need for an
IT-enabled monitoring platform to facilitate regular tracking of progress, with an automated escalation
mechanism for review at the levels of Secretary and Minister.
The Minister further directed that, in consultation with the concerned line Ministries, priority sectors be
identified where a clearly defined import substitution strategy can be pursued alongside efforts to boost
exports.
Shri Goyal reviewed the implementation of the Export Promotion Mission, a flagship MSME-focused
initiative aimed at addressing key bottlenecks faced by exporters and enabling broad-based, inclusive and
sustainable export growth. The EPM is being implemented through two integrated sub-schemes, ‘Niryat
Protsahan’, focused on access to trade finance, and ‘Niryat Disha’, focused on market access.
He noted that ten components under the EPM have been operationalised. These include Interest
Subvention, Alternative Trade Finance (Export Factoring), Credit Assistance for E-Commerce Exporters,
Collateral Support for Export Credit, Risk Sharing for Emerging Export Opportunities, Support for
Testing, Inspection and Certification, Market Access Support, Support for Export Warehousing andLogistics, Support for Inland Transport and Handling, and Support for Trade Facilitation and Intelligence.
Shri Goyal also took note of the Relief Scheme launched under the EPM to support exporters affected by
the ongoing West Asia crisis.
Emphasising effective implementation, the Minister stated that the benefits of all schemes must reach
exporters at the ground level, particularly genuine and first-time exporters and MSMEs. He directed that
awareness and outreach efforts be strengthened through Export Promotion Councils, Commodity Boards
and DGFT Regional Authorities to ensure that exporters are fully informed about available schemes and
their modalities. Shri Goyal also highlighted the need to focus on Overseas Warehousing and Logistics as
well as Testing, Inspection and Certification components, which are critical for enhancing the global
competitiveness of MSMEs.
Shri Goyal stressed that agricultural exports and Micro and Small Enterprises should remain a key focus
across all components of the EPM. He further directed that Market Access Support should be extended
beyond Export Promotion Councils to include other field-level organisations engaged in promoting
exports. In addition, he emphasised the need to develop a rolling three-year calendar of trade fairs, Buyer-
Seller Meets, Reverse Buyer-Seller Meets and trade delegations to provide greater predictability to
exporters and Export Promotion Councils.
The Minister also underscored the importance of strengthening ‘Brand India’ as an overarching umbrella
for India’s export promotion efforts across sectors and markets.
In his concluding remarks, Shri Goyal emphasised that all initiatives must translate into tangible support
for exporters in areas such as finance, market access, compliance, logistics and brand visibility. He stated
that the USD 2 Trillion export target is achievable with disciplined execution, real-time monitoring and
effective inter-departmental coordination.
The meeting was attended by Director General of Foreign Trade, Additional Secretaries, Department of
Commerce, Joint Secretaries of the commodity divisions and other senior officers of the Department of
Commerce.
***
Abhishek Dayal/Garima Singh/Anushka Pandey
(Release ID: 2256724) Visitor Counter : 291
Read this release in: Marathi , Urdu , ही , Gujarati