Exporters highlight compliance costs, testing requirements, MSME issues in meeting with Piyush Goyal

“Industry representatives have raised issues relating to compliance costs, testing requirements, and challenges faced by Micro, Small, and Medium Enterprises (MSMEs) in entering export markets, during a meeting with Commerce Minister Piyush Goyal in New Delhi on April 27, 2026,” an official statement said on Tuesday (April 28, 2026).

Freight costs continue to be a burden for MSME exporters

“The Minister has assured continued support, including facilitation and targeted interventions, to reduce entry barriers and enhance ease of doing business,” the Ministry said.

Mr. Goyal urged exporters and industry bodies to fully leverage India’s trade pacts with developed economies to expand market access, boost exports and create employment opportunities, noting that timely utilisation of these agreements is critical.

“Industry representatives raised issues relating to compliance costs, testing requirements, and challenges faced by MSMEs in entering export markets,” it said.

India’s total merchandise and services exports has reached a record $860.09 billion in 2025–26, registering a 4.22% year-on-year growth.

Sectors such as engineering goods, electronics, pharmaceuticals, chemicals, gems & jewellery and agri-based products have sustained export momentum despite global disruptions.

The Minister emphasised that this milestone should serve as a springboard for achieving $2 trillion in exports by 2030.

He also emphasised government support to exporters for entering new markets and increasing their presence in existing markets to accelerate export growth.

The meeting was attended by representatives of 30 export promotion councils and apex industry chambers, along with senior officials from the Department of Commerce and the Directorate General of Foreign Trade (DGFT).