Government Approves RELIEF Scheme to Support Exporters

24 Mar 2026 CW Team

An Inter?Ministerial Group on Supply Chain Resilience was operationalised on 2 March 2026 and began daily reviews from 3 March 2026 to coordinate a whole?of?government response. Based on IMG deliberations, procedural relaxations for stranded cargo, enhanced port coordination and waivers of storage and dwell time charges were implemented, while advisories sought to improve transparency in shipping line pricing. Monitoring of insurance risk developments and inland logistics was strengthened to inform targeted relief design.

Export Credit Guarantee Corporation of India Ltd. (ECGC) has been designated as the nodal implementing agency to verify claims, process disbursements and monitor utilisation. RELIEF covers eligible past shipments and prospective exports through three complementary components. Consignments covered by ECGC during 14 February 2026 till 15 March 2026 will receive up to 100 per cent additional risk coverage. Exporters planning consignments between 16 March 2026 and 15 June 2026 will be supported to obtain ECGC cover for up to 95 per cent risk coverage.

Recognising that some Micro, Small and Medium Enterprises (MSME) lack credit insurance, RELIEF provides partial reimbursement of up to 50 per cent for eligible non?ECGC?insured MSME exporters subject to conditions and verification, with a ceiling of Rs. 5 mn per exporter. The intervention will be funded under EPM with an approved financial outlay of Rs. 4,970 million (mn), and ECGC will maintain a dashboard?based system to track claims and fund utilisation. The EPM Steering Committee will periodically review the measure to protect exporter confidence and safeguard employment in export?linked sectors.

The Government has approved RELIEF, Resilience and Logistics Intervention for Export Facilitation, as a time?bound measure under the Export Promotion Mission (EPM) to support exporters affected by disruptions in the West Asia maritime corridor. The intervention targets extraordinary freight escalation, higher insurance premia and war?related export risks linked to recent security developments that have caused vessel diversions and longer sailing routes. The measure aims to sustain shipments and reduce uncertainty for consignments destined to or transiting through the region. An Inter?Ministerial Group on Supply Chain Resilience was operationalised on 2 March 2026 and began daily reviews from 3 March 2026 to coordinate a whole?of?government response. Based on IMG deliberations, procedural relaxations for stranded cargo, enhanced port coordination and waivers of storage and dwell time charges were implemented, while advisories sought to improve transparency in shipping line pricing. Monitoring of insurance risk developments and inland logistics was strengthened to inform targeted relief design. Export Credit Guarantee Corporation of India Ltd. (ECGC) has been designated as the nodal implementing agency to verify claims, process disbursements and monitor utilisation. RELIEF covers eligible past shipments and prospective exports through three complementary components. Consignments covered by ECGC during 14 February 2026 till 15 March 2026 will receive up to 100 per cent additional risk coverage. Exporters planning consignments between 16 March 2026 and 15 June 2026 will be supported to obtain ECGC cover for up to 95 per cent risk coverage. Recognising that some Micro, Small and Medium Enterprises (MSME) lack credit insurance, RELIEF provides partial reimbursement of up to 50 per cent for eligible non?ECGC?insured MSME exporters subject to conditions and verification, with a ceiling of Rs. 5 mn per exporter. The intervention will be funded under EPM with an approved financial outlay of Rs. 4,970 million (mn), and ECGC will maintain a dashboard?based system to track claims and fund utilisation. The EPM Steering Committee will periodically review the measure to protect exporter confidence and safeguard employment in export?linked sectors.

Resources

13 Apr 2026

Jyoti Structures wins three CIDC Vishwakarma Awards

Jyoti Structures has received three awards at the 17th CIDC Vishwakarma Awards 2026, organised by the Construction Industry Development Council, recognising excellence across project execution, workforce and leadership.The company was honoured under Category G (Best Construction Projects) for the 400/220 kV D/C Goa–Tamnar Transmission Project in Goa, following a multi-stage evaluation covering performance, safety and quality benchmarks.In Category E2 (Artisans & Supervisors), four members from JSL’s site team working on the Torrent project were recognised, reflecting consistency in sit..

Infrastructure Urban

13 Apr 2026

Premier Energies Secures Rs 25,770 mn Orders In Q4

Premier Energies Limited has received orders aggregating to Rs 25,770 million (mn) in the fourth quarter of fiscal year 2026 for the supply of 1,600 megawatt (MW) solar cells and modules. Execution of these orders is scheduled across fiscal year 2027 and fiscal year 2028 and the contracts have been secured from a mix of domestic independent power producers, module manufacturers and engineering, procurement and construction contractors in India. Capacity increases support the order book, with cell capacity expected to reach 10.6 gigawatt (GW) by September 2026 and module manufacturing capacity ..

Building Material

13 Apr 2026

Steel Exchange India Reports Rs 280 mn Debt Repayment

Steel Exchange India Limited (SEIL), one of the leading integrated steel manufacturers in South India and the maker of SIMHADRI TMT, has reported the repayment of Rs 280 mn of debt over the last two quarters. The company informed exchanges under listing regulations that the repayment was part of scheduled deleveraging measures aimed at strengthening the balance sheet. The update followed credit facilities that were taken in September 2025 to support operations and growth initiatives. During the period October 2025 to March 2026 a partial redemption was executed with Rs 214.3 mn directed toward..