India Plans Relief Package for West Asia Exporters Amid Iran War

• India is preparing a relief package for West Asia-focused exporters due to disruptions from the ongoing Iran war, Commerce Secretary Rajesh Agrawal announced.
• The government is considering a special scheme under the Exports Promotion Mission and coordinating with Gulf port authorities to address exporter concerns.
• DGFT chief Luv Agrawal noted sharp increases in logistics costs, payment delays, and working capital stress for MSMEs.
• Support for shipment insurance will be offered, as war-risk premiums and emergency surcharges have risen significantly.
• An inter-ministerial group is actively working to mitigate the war's impact on Indian businesses, which began after US-Israel strikes on Iran and Iran's retaliation.