India's Government Actively Supports Exporters, Plans New Schemes

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India Boosts Exporters Amid West Asia Conflict; New Schemes Planned

India Boosts Exporters Amid West Asia Conflict; New Schemes Planned

C

CNBC TV18•09-03-2026, 23:15

India Boosts Exporters Amid West Asia Conflict; New Schemes Planned

•Government actively facilitating exporters facing higher insurance and freight costs due to West Asia conflict.
•New schemes are being formulated to support exporters, with fresh demand expected once imported stocks deplete in West Asia.
•GCC, India's largest trading partner bloc ($178.56 billion in FY24-25), is significantly impacted by the conflict.
•Exporters report contingency surcharges up to $4,000 on containers and increased air freight costs (Kolkata to West Asia: ₹175/kg to ₹425/kg).
•FIEO Director General Ajay Sahai highlighted challenges, with exporters raising concerns to the Commerce Ministry.

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The government has set up an inter-ministerial group under the Directorate General of Foreign Trade (DGFT) to monitor the situation closely and address exporters’ concerns.

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