Government of India is willing to cover the entire cost of export-related certifications for micro and small enterprises under the Export Promotion Mission (EPM), Commerce and Industry Minister Piyush Goyal said, encouraging existing and prospective exporters to approach the Directorate General of Foreign Trade (DGFT) to access the support.
Speaking at a press conference in Berlin on Friday, Goyal said the initiative aims to reduce the financial burden of certification and compliance requirements that often prevent smaller businesses from entering international markets. The government will also extend graded assistance to other businesses facing high certification costs or complex regulatory procedures.
Goyal said the government is exploring the approval of verification agencies in India to help exporters reduce compliance costs associated with international regulations, including the European Union’s Carbon Border Adjustment Mechanism (CBAM) and deforestation-related requirements.
Highlighting trade opportunities between India and Germany, Goyal noted that around 2,000 Indian companies operate in Germany, with some having maintained a presence in the country for nearly a century. He called for stronger cooperation between Indian micro, small and medium enterprises (MSMEs) and German businesses, particularly in areas involving technical and metal standards.
Goyal also highlighted India’s export potential in high-technology products, agriculture and fisheries, noting that agricultural and fisheries exports are valued at around ₹5 lakh crore. India currently exports approximately one million vehicles annually, mainly to Japan, Latin America and Africa, but has the potential to increase shipments to five million vehicles, he said.
Expressing confidence in the future of India’s automotive exports, Goyal said Indian-made cars could enter European markets soon, signalling opportunities for manufacturers to expand their international presence.