Prime Minister Narendra Modi on Thursday reiterated his pitch for promoting Made-in-India products, and said the Cabinet is taking decisions to increase exports and improve their competitiveness on global platforms.
The Union Cabinet, at a meeting chaired by PM Modi on Wednesday, approved the long-awaited Export Promotion Mission and the Credit Guarantee Scheme for Exporters.
“Ensuring Made-in-India resonates even louder in the world market! The Union Cabinet approved the Export Promotion Mission (EPM), which will improve export competitiveness, help MSMEs, first-time exporters and sectors that are labour-intensive,” the PM said in a post on X.
“It brings together key stakeholders to build a mechanism that is outcome-based and effective,” he added.
The Credit Guarantee Scheme for Exporters, having been approved by the Cabinet, will boost global competitiveness, ensure smooth business operations and help realise the country’s dream of being an ‘Aatmanirbhar Bharat’, said the PM.
Further, the Cabinet’s decision to rationalise the royalty rates of minerals like graphite, caesium, rubidium and zirconium will strengthen supply chains and create job opportunities, he said.
These minerals are critical for Green Energy, the PM informed.
“This Cabinet decision will boost sustainability and self-reliance. It will strengthen supply chains and create job opportunities as well,” he added.
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