Page 50 - NIS English 01-15 December, 2025

Union Cabinet Decisions

Approval of Export Promotion Mission

Promoting Sustainability and Self-Reliance

To strengthen global competitiveness and accelerate the progress towards Aatmnirbhar
Bharat, the Union Cabinet has approved the Export Promotion Mission and the Credit
Guarantee Scheme for Exporters. This will enhance export competitiveness, strengthen the
supply chain, and create new employment opportunities. This decision will further enhance
the impact of “Made in India” globally. The Cabinet also approved a proposal to rationalize
royalty rates for four critical minerals: graphite, caesium, rubidium, and zirconium.

DECISION: The Export Promotion Mission was DECISION: Approval to rationalize royalty rates
approved to strengthen India’s export ecosystem for graphite, caesium, rubidium, and zirconium
with an outlay of ₹25,060 crore. minerals, which are important for green energy.
IMPACT: The mission will provide a comprehensive, IMPACT: This decision will promote the auction of
flexible, and digitally driven roadmap for export promo- mineral blocks containing caesium, rubidium, and
tion from fiscal years 2025-26 to 2030-31. The mission zirconium. This will enable the utilisation of not
marks a strategic shift from multiple schemes to a only these minerals but also critical minerals found
results-based and adaptive ecosystem that can address alongside them, such as lithium, tungsten, REES,
global trade challenges and emerging exporter needs. niobium, etc. Increasing indigenous production of
This flagship initiative was announced in this year’s these minerals will reduce imports and supply chain
budget to strengthen India’s exports, especially for first- disruptions while also creating employment oppor-
time exporters and labour-intensive sectors of MSMEs. tunities in the country. graphite, caesium, rubidium,
and zirconium are critical minerals for high-tech
DECISION: Approval to launch the Credit Guaran- applications and the energy transition.
tee Scheme for Exporters (CGSE) n Graphite is a crucial component of electric vehicle
IMPACT: Under this scheme, the National Credit (EV) batteries. It is primarily used as anode
Guarantee Trustee Company Limited will provide material.
100% credit guarantee coverage to member lending
institutions, enabling additional credit facilities of up to n Zirconium is used in various industries, including
₹20,000 crore to eligible exporters, including MSMEs. nuclear energy, aerospace, healthcare, and
n This scheme is expected to enhance the global manufacturing.
competitiveness of Indian exporters and promote n Caesium is primarily used in high-tech electronics.
diversification into new and emerging markets. n Rubidium is used in the manufacture of specialised
n This will boost employment and further strengthen goggles used in fibre optics, telecommunications
the country’s journey towards a Viksit Bharat. systems, night vision devices, and more. n

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48 NEW INDIA SAMACHAR || December 1-15, 2025