New Delhi, Nov. 13 -- The Global Trade Research Initiative (GTRI) has said that while the Union Cabinet's approval of the Rs25,060-crore Export Promotion Mission (EPM) is a step forward, the initiative still faces significant implementation hurdles and funding constraints.

The think tank noted that the Export Promotion Mission aimed at "creating a single framework for boosting India's export competitiveness" remains only a "broad outline"

According to GTRI, the EPM will operate through two pillars. The first, NIRYAT PROTSAHAN, is designed to make trade finance cheaper for MSMEs through "interest support, export factoring, collateral guarantees, credit enhancement, and credit cards for e-commerce exporters"

Priority will be given to sec...