Government Will Use All Policy Tools to Support Exporters, Says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal has stated that the Government of India will deploy every available policy measure, including the Export Promotion Mission, to assist Indian exporters and ensure that the country continues to meet its international trade commitments. The government has also formed an inter-ministerial group to monitor global trade disruptions and provide timely solutions to exporters affected by geopolitical tensions and logistical challenges.
Government Commitment to Exporters
Union Minister Piyush Goyal has reaffirmed the government’s commitment to supporting India’s export sector by using every available policy instrument.
According to the minister, the government will rely on policy measures and the Export Promotion Mission to help exporters navigate current global trade challenges while maintaining India’s reliability as a trading partner.
He emphasised that the country remains committed to fulfilling all contractual obligations made by Indian industries to international buyers across both goods and services sectors.
Addressing Global Trade Disruptions
The statement highlighted that global trade has been affected by ongoing geopolitical tensions, including conflicts involving the United States, Israel, and Iran.
These developments have created uncertainties in international trade routes and logistics, prompting the government to closely monitor developments and support exporters facing operational challenges.
Despite these disruptions, India aims to maintain its reputation as a dependable supplier in global markets.
Inter-Ministerial Group Monitoring Situation
To respond quickly to emerging issues, the government has created an inter-ministerial coordination group that reviews the evolving situation on a daily basis.
The group focuses on identifying solutions for exporters experiencing difficulties related to shipping delays, supply chain disruptions, or access to international markets.
Officials are working to ensure that exporters receive timely support and that trade flows remain stable despite global uncertainties.
Coordination With Shipping Sector
The Ministry of Commerce and Industry is also maintaining regular communication with the Ministry of Ports, Shipping and Waterways as well as shipping companies to resolve operational issues affecting export shipments.
This coordination aims to address logistical bottlenecks and ensure smoother movement of goods through maritime routes.
Strengthening India’s Export Ecosystem
The government reiterated that it stands firmly with the export community and will take necessary measures to protect their interests.
Through coordinated policy action and ongoing engagement with industry stakeholders, the administration seeks to strengthen India’s export ecosystem and maintain the momentum of the country’s foreign trade sector even amid global uncertainties.
Summary
Union Minister Piyush Goyal has said the Government of India will use all available policy tools and the Export Promotion Mission to support exporters and uphold international trade commitments. The government has established an inter-ministerial group to monitor global trade developments and is coordinating with shipping authorities to address logistical challenges. These steps aim to protect exporters and sustain India’s export growth despite global geopolitical disruptions.
Disclaimer
This information has been compiled through secondary research, and NoCap Times is not responsible for any errors or omissions. The content is intended for informational purposes only. The publication does not independently verify third-party claims or assertions mentioned in developments.