4th Engine of Development: Export | Current Affairs | Vision IAS
Union Budget Logo

    4th Engine of Development: Export

    Posted 01 Feb 2025

    Updated 04 Feb 2025

    2 min read

    Export Promotion Mission

    • Jointly  driven by the Ministries of Commerce, MSME, and Finance.
    • With sectoral and ministerial targets to facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets.

    'BharatTradeNet' (BTN) for international trade

    • digital public infrastructure proposed as a unified platform for trade documentation and financing solutions.
    • To be set-up to complement the Unified Logistics Interface Platform. 
    • The BTN will be aligned with international practices.

    Support for integration with Global Supply Chains

    • Support for developing domestic manufacturing capacities for selected sectors. 
    • Facilitation groups with officials and industry experts for select products and supply chains. 
    • Support to the domestic electronic equipment industry to harness Industry 4.0 opportunities.

    National Framework for GCC

    • Guidance for states to promote Global Capability Centres (GCCs) in tier 2 cities. 
    • The framework will focus on talent, infrastructure, building byelaw, and industry collaboration. 

    Warehousing facility for air cargo

    • Facilitate upgradation of infrastructure and warehousing for air cargo including high value perishable horticulture produce. 
    • Cargo screening and customs protocols will be streamlined and made user friendly.
    • Tags :
    • BharatTradeNet
    • Global Supply Chains
    • National Framework for GCC
    Watch Union Budget
    Subscribe for Premium Features