The government will fund a large part of the costs incurred by micro and small exporters to obtain international approvals for complying with regulations such as REACH and CBAM in Europe to help them boost shipments, Commerce and Industry Minister Piyush Goyal said on Monday.
The support is being extended to these exporters under the Rs 25,060 crore export promotion mission (EPM).
Under the mission’s Trade Regulations, Accreditation and Compliance Enablement (TRACE) measure, support will be extended to exporters in meeting international testing, inspections, certifications and other conformity requirements.
Partial reimbursement of up to 75 per cent will be provided for eligible testing, inspection and certification expenses, subject to an annual ceiling of Rs 25 lakh per IEC (importer-exporter code).
“In the export promotion mission, we have provided funds so that wherever you require to get approvals internationally, particularly for micro and small units, the government will fun​The government will fund a large part of the costs incurred by micro and small exporters to obtain international approvals for complying with regulations such as REACH and CBAM in Europe to help them boost shipments, Commerce and Industry Minister Piyush Goyal said on Monday.
The support is being extended to these exporters under the Rs 25,060 crore export promotion mission (EPM).
Under the mission’s Trade Regulations, Accreditation and Compliance Enablement (TRACE) measure, support will be extended to exporters in meeting international testing, inspections, certifications and other conformity requirements.
Partial reimbursement of up to 75 per cent will be provided for eligible testing, inspection and certification expenses, subject to an annual ceiling of Rs 25 lakh per IEC (importer-exporter code).
“In the export promotion mission, we have provided funds so that wherever you require to get approvals internationally, particularly for micro and small units, the government will fun ​Latest News [ SOBAN NEWS: International and National ]
