PM Modi: Cabinet Decisions to Boost Export Competitiveness, Self-Reliance

Prime Minister Narendra Modi on Thursday said that the latest decisions of the Union Cabinet on export-related policies will significantly enhance India’s global competitiveness and accelerate the nation’s journey toward self-reliance.

At a meeting chaired by the Prime Minister on Wednesday, the Cabinet approved two major initiatives — the Export Promotion Mission (EPM) 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, which will improve export competitiveness, help MSMEs, first-time exporters, and labour-intensive sectors,” PM Modi posted on X (formerly Twitter).

He added that the EPM will bring together key stakeholders to create an outcome-based and effective export framework.

The Prime Minister also said the Credit Guarantee Scheme for Exporters will boost global competitiveness, ensure smoother business operations, and help realise the vision of an Aatmanirbhar Bharat.

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Cabinet Rationalises Royalty on Critical Minerals

The Cabinet also approved the rationalisation of royalty rates for key minerals — graphite, caesium, rubidium, and zirconium — which are vital for India’s Green Energy transition.

“This Cabinet decision will boost sustainability and self-reliance. It will strengthen supply chains and create job opportunities as well,” the Prime Minister said.

Officials noted that these minerals are essential for battery manufacturing and renewable technologies, and the new policy aims to make India a reliable global supplier in the clean energy ecosystem.