Government Approves RELIEF To Support Exporters Amid Gulf Disruptions
WAREHOUSING & LOGISTICS

Government Approves RELIEF To Support Exporters Amid Gulf Disruptions

The Government has approved RELIEF, the Resilience and Logistics Intervention for Export Facilitation under the Export Promotion Mission, to support exporters affected by maritime disruptions in the Gulf and wider West Asia corridor. Recent developments around the Strait of Hormuz caused vessel diversions, longer routes, congestion at transshipment hubs and conflict-linked surcharges that raised logistics costs and operational uncertainty.

The time-bound intervention targets exporters facing extraordinary freight escalation, higher insurance premia and war-related risks and is designed to cover shipments already in transit as well as prospective exports. An inter-ministerial group on supply chain resilience was set up on March two, 2026 and began daily review meetings on March three, 2026 with ministries, financial institutions, logistics stakeholders and exporter associations. Measures included procedural relaxations for stranded cargo, waivers of storage and dwell charges and advisories to improve transparency in shipping pricing.

ECGC Ltd, wholly owned by the Government of India, will act as the nodal implementing agency for verification, claim processing, disbursement and monitoring. The intervention offers three components: exporters with existing ECGC cover will receive up to 100 per cent additional risk coverage for eligible consignments between February 14, 2026 and March 15, 2026; exporters planning consignments in the next three months from March 16, 2026 to June 15, 2026 may obtain ECGC cover with government support for up to 95 per cent coverage; and eligible non-ECGC-insured micro, small and medium enterprise exporters may be eligible for partial reimbursement of up to 50 per cent subject to conditions and documentary verification, with a ceiling of Rs. 5 million (mn) per exporter.

The intervention will be funded under the Export Promotion Mission with an approved financial outlay of Rs. 4.97 billion (bn), and ECGC will maintain a dashboard-based monitoring system for real-time tracking of claims and fund utilisation. The EPM steering committee will periodically review the operation and may recommend modification, continuation or withdrawal to preserve exporter confidence and employment.

The Government has approved RELIEF, the Resilience and Logistics Intervention for Export Facilitation under the Export Promotion Mission, to support exporters affected by maritime disruptions in the Gulf and wider West Asia corridor. Recent developments around the Strait of Hormuz caused vessel diversions, longer routes, congestion at transshipment hubs and conflict-linked surcharges that raised logistics costs and operational uncertainty. The time-bound intervention targets exporters facing extraordinary freight escalation, higher insurance premia and war-related risks and is designed to cover shipments already in transit as well as prospective exports. An inter-ministerial group on supply chain resilience was set up on March two, 2026 and began daily review meetings on March three, 2026 with ministries, financial institutions, logistics stakeholders and exporter associations. Measures included procedural relaxations for stranded cargo, waivers of storage and dwell charges and advisories to improve transparency in shipping pricing. ECGC Ltd, wholly owned by the Government of India, will act as the nodal implementing agency for verification, claim processing, disbursement and monitoring. The intervention offers three components: exporters with existing ECGC cover will receive up to 100 per cent additional risk coverage for eligible consignments between February 14, 2026 and March 15, 2026; exporters planning consignments in the next three months from March 16, 2026 to June 15, 2026 may obtain ECGC cover with government support for up to 95 per cent coverage; and eligible non-ECGC-insured micro, small and medium enterprise exporters may be eligible for partial reimbursement of up to 50 per cent subject to conditions and documentary verification, with a ceiling of Rs. 5 million (mn) per exporter. The intervention will be funded under the Export Promotion Mission with an approved financial outlay of Rs. 4.97 billion (bn), and ECGC will maintain a dashboard-based monitoring system for real-time tracking of claims and fund utilisation. The EPM steering committee will periodically review the operation and may recommend modification, continuation or withdrawal to preserve exporter confidence and employment.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement