Exim Bank Strengthens Partnerships under the Export Promotion Mission to Diversify India’s Exports and Encourage New Channels of Exports

India has gradually enhanced its participation in the global value chains (GVCs), with the backward GVC participation estimated at 25.7% and a forward participation rate of 18.5% in 2022, as per a Study by the Export-Import Bank of India (Exim Bank). The Study also highlights a steady rise in the sophistication of India’s export basket, with the share of technology-intensive goods in India’s exports increasing from 8.2% in FY16 to 17.7% in FY25. Further, India’s dependence on traditional markets in Europe and North America has declined over the past decade, with the combined share of these regions falling from 36% in FY16 to 20% in FY25. Amid the heightened volatility in the global trade environment, driven by rising tariff barriers, market access constraints, supply chain disruptions and geopolitical conflicts, the study underscores the need to further diversify both product offerings and destination markets to impart resilience to India’s exports basket.

The study titled “India’s Trade Competitiveness in a Changing Global Environment”, was released by Shri Suchindra Misra, Special Secretary, Department of Commerce, Ministry of Commerce & Industry, and Shri Lav Agarwal, Director General, DGFT, in the presence of Shri Rakesh Kumar, Additional DGFT and Shri Tarun Sharma, Deputy Managing Director (DMD), Exim Bank, during a Workshop on Niryat Protsahan schemes under the Export Promotion Mission (EPM), organised by the Ministry of Commerce & Industry, Government of India, on June 02, 2026, at New Delhi. The Workshop was attended by senior representatives of leading banks, financial institutions, NBFCs, Export Promotion Councils (EPCs), commodity boards and industry associations.

Against the backdrop of rising global uncertainties and supply chain disruptions, the Niryat Protsahan sub-schemes under the EPM aim to strengthen access to trade finance for exporters, particularly for MSMEs and first-time exporters. Exim Bank, as a development finance institution mandated to finance, facilitate and promote India’s international trade, has been designated as an implementing agency for two schemes under the EPM— ‘Support for Emerging Export Opportunities’ and ‘Credit Assistance for e-Commerce Exporters’.

The Support for Emerging Export Opportunities scheme is aimed at scaling up the support under Exim Bank’s Trade Assistance Programme (TAP). TAP is a new, first-of-its-kind trade facilitation initiative in India. Under TAP, Exim Bank provides credit enhancement to trade instrument(s), thereby enhancing the capacity of commercial banks/ financial institutions to support cross-border trade transactions involving 72 identified markets where trade lines are constrained or where the potential has not been harnessed, and transactions may not materialise in the absence of such support. Till date, the Bank has facilitated more than 2,500 export transactions under TAP across more than 60 countries, leading to nearly US$ 3.9 billion of incremental exports by more than 240 exporters based in 60 cities across 22 states of India. Recognising the success of TAP in enhancing confidence in trade settlements and catalysing incremental exports from the country, the Government of India is sharing up to 80% of the risk in transactions under TAP along with Exim Bank, under EPM.

As banks would play a key role in scaling up the ‘Support for Emerging Export Opportunities’ scheme, Exim Bank executed Confirming Bank Agreements with Bank of Baroda, Punjab National Bank and Union Bank of India, and entered into Master Risk Participation Agreements with Punjab National Bank, Tamilnad Mercantile Bank and Union Bank of India, during the workshop. These agreements would strengthen the capacity of banks to support constrained cross-border transactions, and enhance confidence in trade settlements in new, untapped and high-risk markets.

The EPM also aims to promote emerging modes of exports such as e-commerce. e-Commerce lowers entry barriers and expands market access for exporters, especially MSMEs. However, many micro and small enterprises engaged in e-commerce exports face difficulty in accessing formal export credit for order fulfilment and inventory financing, and rely on non-banking ecosystem for their participation in global markets. The Credit Assistance for e-Commerce Exporters scheme is addressing the gap by encouraging a robust and formal banking ecosystem for e-commerce exports. Under this Intervention, credit guarantee cover will be extended to banks for credit assistance extended by them in the form of Cash Credit, Overdraft, or other Working Capital facilities to eligible beneficiary entities. These facilities will also be supported through interest subvention.

During the Workshop, Mr. Tarun Sharma, DMD, Exim Bank emphasised that the success of the interventions under Niryat Protsahan would hinge on effective collaboration among stakeholders. He urged greater participation from banks under these schemes and encouraged EPCs to actively disseminate information and create wider awareness about the initiatives.

For further details please contact: 
Ms. Trupti Mhatre, 
General Manager, 
Export-Import Bank of India, Centre One Building, 
Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005; 
Telephone: 91-22-2217 2308; 
Email: trupti[at]eximbankindia[dot]in 
Portal: tap.eximbankindia.in