Exports as the fourth engine
- An Export Promotion Mission will be established with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance. It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.
- A digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade will be set-up as a unified platform for trade documentation and financing solutions. This will complement the Unified Logistics Interface Platform. The BTN will be aligned with international practices.
- Support will be provided to develop domestic manufacturing capacities for integration with global supply chains. Sectors will be identified based on objective criteria.
- Facilitation groups with participation of senior officers and industry representatives will be formed for select products and supply chains.
- Through this, there are huge opportunities related to Industry 4.0, which needs high skills and talent. India’s youth have both. The government will support the domestic electronic equipment industry to leverage this opportunity for the benefit of the youth.
- A national framework will be formulated as guidance to states for promoting Global Capability Centres in emerging tier 2 cities. This will suggest measures for enhancing availability of talent and infrastructure, building-byelaw reforms, and mechanisms for collaboration with industry.
- The government will facilitate upgradation of infrastructure and warehousing for air cargo including high value perishable horticulture produce. Cargo screening and customs protocols will be streamlined and made user-friendly.
