Directorate General of Foreign Trade (DGFT) has launched the
RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme
to protect Indian exporters from escalating logistics disruptions linked to
tensions in the Middle East.
The initiative, part of the Export Promotion Mission,
addresses supply chain stress triggered by rerouting of vessels and rising
risks around the Strait of Hormuz. Freight rates on key Asia Europe routes have
surged over 30% in recent weeks, while insurance premiums have risen sharply,
squeezing exporter margins.
RELIEF introduces enhanced risk coverage through ECGC Ltd.,
offering up to 100% additional protection on existing insured shipments and 95%
coverage on upcoming consignments. Eligible MSME exporters will receive up to
50% reimbursement on extraordinary freight and insurance costs, capped at ₹50
lakh.
The ₹497 crore programme aims to stabilise export flows in a
sector that contributes over US$ 450 billion annually to India’s merchandise
trade. Policymakers expect the move to prevent order cancellations and sustain
global competitiveness.
RELIEF introduces enhanced risk coverage through ECGC Ltd., offering up to 100% additional protection on existing insured shipments and 95% coverage on upcoming consignments. Eligible MSME exporters will receive up to 50% reimbursement on extraordinary freight and insurance costs, capped at ₹50 lakh.
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