Centre has stepped up efforts to boost exports and strengthen MSME participation in global trade through a mix of trade agreements, incentive schemes, logistics reforms, and grassroots-level initiatives, according to the Minister of State for Commerce & Industry, Jitin Prasada.
In his written reply in the Lok Sabha, the MoS mentioned that a major thrust has been placed on widening market access via Free Trade Agreements (FTAs).
India signed the Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom on July 24, 2025, marking a significant milestone in bilateral trade relations. Negotiations for the long-pending India–EU FTA are also progressing, with an aim to conclude by the end of this year.
He also said that in order to strengthen domestic manufacturing and export capabilities, the Government has implemented Production Linked Incentive (PLI) schemes for 14 key sectors.
These included Electronics, IT hardware, Pharmaceuticals, Bulk Drugs, High-Efficiency Solar PV Modules, Automobiles & Auto Components, White Goods, Telecom and Networking Products to enhance India’s Manufacturing capabilities and Exports.
Further, the MoS said these schemes have incentivized domestic manufacturing, leading to increased production, job creation, and a boost in exports. They have also attracted significant investments from both domestic and foreign players.
Under the medical devices PLI, 21 projects have begun manufacturing 54 advanced products, such as MRI, CT scans, and heart valves. In the mobile sector, exports surged from Rs 1,500 crore in 2014-15 to over Rs 2 lakh crore in 2024-25, making India the world’s second-largest mobile manufacturer.
The pharmaceuticals PLI has also turned India into a net exporter of bulk drugs, reversing the heavy import dependence seen just three years ago, he said.
Centre has launched the National Logistics Policy (NLP) and PM Gati Shakti, aimed at improving connectivity, cutting costs, and streamlining supply chains. The National Industrial Corridor Development Programme (NICDP) is creating globally competitive industrial hubs with strong domestic and international linkages, while digital tools like the Logistics Data Bank are enhancing transparency and efficiency.
On the grassroots front, initiatives such as Districts as Export Hubs (DEH) and E-Commerce Export Hubs (ECEHs) are enabling MSMEs and start-ups to compete in international markets.