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[ Fri, Jan 31st 2025 ]: CNBC

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Textiles to toys: MSMEs get a Rs 2,250 crore booster shot with mission exports

Commerce, MSME and finance ministries in India will collaborate to identify key sectors needing significant capital for technology upgrades, marketing, and accessing new markets to boost exports. An Export Promotion Mission with a budget of Rs 2,

The article from MSN discusses the Indian government's initiative, "Mission Exports," aimed at boosting the export capabilities of Micro, Small, and Medium Enterprises (MSMEs). Under this mission, the government has allocated Rs 2,250 crore to support MSMEs in sectors like textiles, toys, and pharmaceuticals. The initiative includes providing financial assistance, technology upgrades, and market access support to help these businesses expand their global footprint. The focus is on enhancing product quality, design, and compliance with international standards to make Indian MSMEs competitive in the global market. This move is part of a broader strategy to increase India's share in global trade and foster economic growth through export-led development.

Read the Full MSN Article at:
https://www.msn.com/en-in/money/topstories/textiles-to-toys-msmes-get-a-rs-2-250-crore-booster-shot-with-mission-exports/ar-AA1yfL04