India’s Export Push and Odisha’s New Green-Power Policy

India is preparing to strengthen its position in global trade, while Odisha is laying the groundwork for a large-scale renewable energy storage network. Two major policy decisions announced in 2025 — the Export Promotion Mission (EPM) at the national level and the Odisha Pumped Storage Projects (PSP) Policy 2025 at the state level — underscore how economic growth and clean energy development are now advancing in tandem.

Both measures aim to remove bottlenecks in their respective sectors and create supportive systems for businesses, industries, and communities.

Export Promotion Mission (EPM): A New National Framework for Trade Support

Approved by the Union Cabinet on 12 November 2025, the EPM consolidates various export-related schemes under one umbrella, with a total outlay of ₹25,060 crore, covering the period from FY 2025-26 to FY 2030-31. The Directorate General of Foreign Trade (DGFT) will implement the mission through a unified digital platform tied to national trade systems.

What the Mission Brings

• A single window replacing earlier schemes such as the Interest Equalisation Scheme and Market Access Initiative
• Easier access to trade finance through credit guarantees, export factoring, and special cards for small online exporters
• Better branding, packaging, quality systems, and participation in global fairs
• Logistics support, warehousing assistance, and help for firms in remote or low-export districts
• Dedicated attention to MSMEs, first-time exporters, and labour-driven sectors, including textiles, leather, engineering goods, jewellery, and marine products

The mission focuses on reducing compliance costs, expanding access to financing, promoting international outreach, and fostering confidence among smaller firms that often struggle to participate in foreign markets.

Odisha Pumped Storage Projects (PSP) Policy 2025: Enabling Grid-Scale Energy Storage

The Odisha government notified the PSP Policy on July 29, 2025, and issued operational guidelines on September 17, 2025. The goal is to expand the use of pumped hydro storage — an essential tool for balancing renewable energy supply from sources such as solar and wind.

Key Provisions of the Policy

• Inclusion of both state-identified and self-identified off-stream PSP sites
• Forty-year concession period under the BOOT model, extendable by up to thirty years
• Transfer of assets to the state at the end of the concession (with specific rules for captive units)
• An initial set of forty-five potential sites has already been mapped
• Eligibility for benefits under the Odisha Renewable Energy Policy 2022
• Exemption from electricity duty, cross-subsidy surcharge on input energy, and water cess
• No mandatory free-power requirements or LADF contributions for PSPs under this policy
• Developers must build the transmission infrastructure up to the grid-connection point and follow CEA standards
• GRIDCO is assigned as the nodal agency for allocation and coordination

This policy places Odisha among the leading states building long-duration storage, which is vital for integrating higher levels of green power.

Comparison: Export Promotion Mission vs. Odisha PSP Policy