Government Approves RELIEF To Aid Exporters Amid West Asia Disruption

24 Mar 2026 CW Team

An Inter-Ministerial Group on Supply Chain Resilience (IMG) was operationalised on March two, 2026 and commenced daily reviews from March three, 2026 to monitor conditions and coordinate facilitation. The IMG brought together multiple ministries, financial institutions, logistics stakeholders and exporter associations and guided procedural relaxations for stranded cargo, enhanced port coordination, temporary waivers of storage charges and advisory measures to promote transparency in shipping pricing.

RELIEF covers shipments that departed during the disruption and prospective exports and will be implemented by Export Credit Guarantee Corporation of India (ECGC) as the nodal agency responsible for verification, claims processing, disbursement and monitoring. Exporters with existing ECGC cover during the eligible period of February 14, 2026 to March 15, 2026 will receive up to 100 per cent additional risk coverage; exporters planning consignments between March 16, 2026 and June 15, 2026 will be encouraged to obtain ECGC cover with up to 95 per cent government-supported coverage. A partial reimbursement mechanism will provide up to 50 per cent relief for eligible small and medium enterprises without ECGC cover, subject to conditions and documentary verification and up to Rs. 5 mn per exporter.

The intervention is funded under EPM with an approved outlay of Rs. 4.97 bn and will be monitored via a dashboard to enable real-time tracking of claims and fund utilisation. The EPM steering committee will periodically review the operation and recommend calibrated modifications, continuation or withdrawal as necessary while the Government aims to mitigate immediate logistics impact, preserve exporter confidence, prevent order cancellations and safeguard employment in export-linked sectors.

The Government approved Resilience and Logistics Intervention for Export Facilitation (RELIEF) under the Export Promotion Mission (EPM) to support exporters affected by maritime logistics disruptions in the Gulf and wider West Asia corridor. The measure was prompted by heightened security concerns near the Strait of Hormuz that led to vessel diversions, longer sailing routes, congestion at transshipment hubs and conflict-related surcharges, increasing logistics costs and operational uncertainty for consignments. An Inter-Ministerial Group on Supply Chain Resilience (IMG) was operationalised on March two, 2026 and commenced daily reviews from March three, 2026 to monitor conditions and coordinate facilitation. The IMG brought together multiple ministries, financial institutions, logistics stakeholders and exporter associations and guided procedural relaxations for stranded cargo, enhanced port coordination, temporary waivers of storage charges and advisory measures to promote transparency in shipping pricing. RELIEF covers shipments that departed during the disruption and prospective exports and will be implemented by Export Credit Guarantee Corporation of India (ECGC) as the nodal agency responsible for verification, claims processing, disbursement and monitoring. Exporters with existing ECGC cover during the eligible period of February 14, 2026 to March 15, 2026 will receive up to 100 per cent additional risk coverage; exporters planning consignments between March 16, 2026 and June 15, 2026 will be encouraged to obtain ECGC cover with up to 95 per cent government-supported coverage. A partial reimbursement mechanism will provide up to 50 per cent relief for eligible small and medium enterprises without ECGC cover, subject to conditions and documentary verification and up to Rs. 5 mn per exporter. The intervention is funded under EPM with an approved outlay of Rs. 4.97 bn and will be monitored via a dashboard to enable real-time tracking of claims and fund utilisation. The EPM steering committee will periodically review the operation and recommend calibrated modifications, continuation or withdrawal as necessary while the Government aims to mitigate immediate logistics impact, preserve exporter confidence, prevent order cancellations and safeguard employment in export-linked sectors.

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