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Commerce Minister Piyush Goyal Leads EPC Meeting to Accelerate India's Export Growth (EPM) – 24 June 2026

On 24 June 2026, Commerce Minister Piyush Goyal chaired a meeting with Export Promotion Councils and industry bodies to review the Export Promotion Mission. The session set a fixed schedule for trade‑facilitation committees, urged EPCs to submit outcome‑focused proposals, and highlighted progress on District Export Hubs, aiming to boost India’s export growth through coordinated policy action.
Overview: On 24 June 2026 , Minister of Commerce and Industry Shri Piyush Goyal chaired a high‑level interaction with Export Promotion Councils (EPCs) and major industry associations in New Delhi. The meeting reviewed progress of the Export Promotion Mission (EPM) and charted actions to boost India’s export basket, explore new markets and launch new products. Key Developments Fixed‑day, fortnightly meetings of the statutory and facilitation committees will be posted on the DGFT website, ensuring predictable case disposal. The Minister urged EPCs to submit quantifiable, outcome‑oriented proposals that leverage market‑access benefits from India’s Free Trade Agreements (FTAs) . Commerce Secretary Shri Rajesh Agarwal highlighted the need to translate schemes such as export factoring, credit guarantees for e‑commerce exporters and collateral support into measurable export growth. DGFT emphasized a “mission‑mode” approach, urging EPCs to use all components of the EPM – from facilitation to last‑mile outreach. Progress on the District Export Hubs (DEH) initiative was presented, with a 90‑day activation drive launched on 1 June 2026. Important Facts • Ten EPM interventions have already been rolled out; the branding component is under stakeholder consultation. • Interest‑subvention benefits have been extended to small and micro exporters on selected tariff lines. • A national workshop on 2 June 2026 gathered industry and implementing agencies to fine‑tune operational issues. • District Export Promotion Committees (DEPCs) and District Export Action Plans (DEAPs) are now functional across districts, with a detailed activity calendar defining central and state responsibilities. UPSC Relevance The meeting illustrates how the Ministry of Commerce & Industry coordinates with statutory bodies, industry councils and state agencies to achieve export targets – a key aspect of India’s economic strategy (GS3). Understanding the roles of EPCs, DGFT and the EPM helps aspirants answer questions on trade policy implementation, export incentives and the impact of FTAs on India’s balance of payments. Way Forward • EPCs must prepare data‑driven proposals focusing on new markets, product diversification and logistics support. • Strengthen partnerships with banks to promote export‑related financial products such as factoring and credit guarantees. • Accelerate the DEH programme by identifying GI‑tagged products, agricultural produce and crafts with export potential, and linking them to global buyers. • Monitor the fortnightly committee meetings to ensure timely resolution of exporter grievances and to maintain a predictable facilitation environment.
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Key Insight

EPM drive aims to diversify exports and boost India’s trade balance, says Minister Goyal

Key Facts

  1. 24 June 2026: Commerce Minister Piyush Goyal chaired a meeting with Export Promotion Councils (EPCs) and industry associations.
  2. Statutory and facilitation committees will meet fortnightly on fixed days; schedules will be posted on the DGFT website.
  3. Ten Export Promotion Mission (EPM) interventions have been rolled out; the branding component is under stakeholder consultation.
  4. A 90‑day activation drive for District Export Hubs (DEH) began on 1 June 2026.
  5. Interest‑subvention benefits are now extended to small and micro exporters on selected tariff lines.
  6. EPCs were asked to submit quantifiable, outcome‑oriented proposals that use market‑access benefits from India’s FTAs.

Background

The Export Promotion Mission is a coordinated government programme that links the Ministry of Commerce, DGFT, EPCs and state agencies to improve export performance. By creating District Export Hubs and offering financial incentives, the government seeks to diversify the export basket, increase foreign exchange earnings and strengthen the balance of payments.

UPSC Syllabus

  • GS2 — Government policies and interventions for development
  • GS2 — Functions and responsibilities of Union and States
  • Prelims_GS — National Current Affairs
  • Essay — Economy, Development and Inequality

Mains Angle

GS3 – Evaluate the effectiveness of the Export Promotion Mission and the role of Export Promotion Councils in diversifying India’s export basket. Discuss challenges and policy recommendations.

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Overview

Full Article

Overview: On 24 June 2026, Minister of Commerce and Industry Shri Piyush Goyal chaired a high‑level interaction with Export Promotion Councils (EPCs) and major industry associations in New Delhi. The meeting reviewed progress of the Export Promotion Mission (EPM) and charted actions to boost India’s export basket, explore new markets and launch new products.

Key Developments

  • Fixed‑day, fortnightly meetings of the statutory and facilitation committees will be posted on the DGFT website, ensuring predictable case disposal.
  • The Minister urged EPCs to submit quantifiable, outcome‑oriented proposals that leverage market‑access benefits from India’s Free Trade Agreements (FTAs).
  • Commerce Secretary Shri Rajesh Agarwal highlighted the need to translate schemes such as export factoring, credit guarantees for e‑commerce exporters and collateral support into measurable export growth.
  • DGFT emphasized a “mission‑mode” approach, urging EPCs to use all components of the EPM – from facilitation to last‑mile outreach.
  • Progress on the District Export Hubs (DEH) initiative was presented, with a 90‑day activation drive launched on 1 June 2026.

Important Facts

• Ten EPM interventions have already been rolled out; the branding component is under stakeholder consultation.
• Interest‑subvention benefits have been extended to small and micro exporters on selected tariff lines.
• A national workshop on 2 June 2026 gathered industry and implementing agencies to fine‑tune operational issues.
• District Export Promotion Committees (DEPCs) and District Export Action Plans (DEAPs) are now functional across districts, with a detailed activity calendar defining central and state responsibilities.

Exam Relevance

The meeting illustrates how the Ministry of Commerce & Industry coordinates with statutory bodies, industry councils and state agencies to achieve export targets – a key aspect of India’s economic strategy (GS3). Understanding the roles of EPCs, DGFT and the EPM helps aspirants answer questions on trade policy implementation, export incentives and the impact of FTAs on India’s balance of payments.

Way Forward

• EPCs must prepare data‑driven proposals focusing on new markets, product diversification and logistics support.
• Strengthen partnerships with banks to promote export‑related financial products such as factoring and credit guarantees.
• Accelerate the DEH programme by identifying GI‑tagged products, agricultural produce and crafts with export potential, and linking them to global buyers.
• Monitor the fortnightly committee meetings to ensure timely resolution of exporter grievances and to maintain a predictable facilitation environment.

Read Original on pib

EPM drive aims to diversify exports and boost India’s trade balance, says Minister Goyal

Key Facts

  1. 24 June 2026: Commerce Minister Piyush Goyal chaired a meeting with Export Promotion Councils (EPCs) and industry associations.
  2. Statutory and facilitation committees will meet fortnightly on fixed days; schedules will be posted on the DGFT website.
  3. Ten Export Promotion Mission (EPM) interventions have been rolled out; the branding component is under stakeholder consultation.
  4. A 90‑day activation drive for District Export Hubs (DEH) began on 1 June 2026.
  5. Interest‑subvention benefits are now extended to small and micro exporters on selected tariff lines.
  6. EPCs were asked to submit quantifiable, outcome‑oriented proposals that use market‑access benefits from India’s FTAs.

Background & Context

The Export Promotion Mission is a coordinated government programme that links the Ministry of Commerce, DGFT, EPCs and state agencies to improve export performance. By creating District Export Hubs and offering financial incentives, the government seeks to diversify the export basket, increase foreign exchange earnings and strengthen the balance of payments.

UPSC Syllabus Connections

GS2•Government policies and interventions for developmentGS2•Functions and responsibilities of Union and StatesPrelims_GS•National Current AffairsEssay•Economy, Development and Inequality

Mains Answer Angle

GS3 – Evaluate the effectiveness of the Export Promotion Mission and the role of Export Promotion Councils in diversifying India’s export basket. Discuss challenges and policy recommendations.

Analysis

Related PYQs

No related PYQs linked to this article yet.

Practice Questions

Prelims_GS
Easy
Prelims MCQ

Export promotion mechanisms

1 marks
3 keywords
GS3
Medium
Mains Short Answer

Export promotion strategies

10 marks
5 keywords
GS3
Hard
Mains Essay

Export diversification and policy implementation

250 marks
5 keywords
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