India, Nov. 14 -- Prime Minister Narendra Modi and Union Home Minister Amit Shah on Thursday hailed the decisions of the Union Cabinet regarding exports. The Union Cabinet, at a meeting chaired by Modi on Wednesday, approved the export promotion mission and a 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," Modi said in a social media post. "It brings together key stakeholders to build a mechanism that is outcome-based and effective," he added.

The prime minister also said the Credit Guarantee Scheme fo...