New Delhi: The Indian government has announced a relief package worth Rs 497 crore to support exporters affected by trade disruptions arising from the ongoing conflict in West Asia.
The financial assistance initiative, titled RELIEF, short for Resilience and Logistic Intervention of Export Facilitation, has been introduced to help exporters manage logistical challenges caused by instability in the region. The programme will be implemented under the Export Promotion Mission and is aimed at ensuring that Indian trade flows remain stable despite global disruptions.
At an inter ministerial briefing in New Delhi, Randhir Jaiswal, spokesperson for the Ministry of External Affairs, said the evolving situation has created significant challenges not only for India but for the global community.
He noted that India’s leadership has been actively engaging with counterparts in the region to address the crisis and safeguard national interests. According to him, diplomatic engagement has helped maintain key supply routes, including facilitating the safe passage of two Indian LPG vessels through the strategically important Strait of Hormuz.
Jaiswal said India remains in constant contact with multiple stakeholders to ensure uninterrupted energy supplies and to safeguard the welfare of Indian nationals living in the Gulf region. The government is also monitoring developments closely to protect the interests of the large Indian diaspora in countries of the Gulf Cooperation Council.
The relief package was detailed by Senthil Rajan from the Ministry of Information and Broadcasting, who explained that the initiative was designed to quickly respond to external disruptions affecting India’s trade and logistics networks.
He said the scheme has been launched under the flexible framework of the Export Promotion Mission, allowing the government to intervene rapidly during international crises that affect supply chains.
Earlier this month, the government also established an inter ministerial group on supply chain resilience to monitor the evolving situation and coordinate responses across departments. The group, operational since March 3, is tasked with assessing disruptions and facilitating measures to keep trade and logistics operations running smoothly.
Officials said the RELIEF package reflects the government’s effort to support exporters and maintain the stability of India’s global trade links during the ongoing crisis.
