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