Confederation of Indian Textile Industry (CITI) has welcomed
the Government’s RELIEF (Resilience & Logistics Intervention for Export
Facilitation) scheme, calling it a timely intervention to stabilise exporters
hit by escalating disruptions in West Asia.
The ₹497 crore programme targets logistics volatility
triggered by security risks in key maritime corridors such as the Strait of
Hormuz. Freight costs and insurance premiums have surged, eroding margins in a
sector already under stress. India’s textile exports declined 0.31% in February
2026, while apparel shipments dropped 8.60% year on year.
RELIEF enhances risk coverage through ECGC Ltd., offering up
to 100% protection on existing consignments and 95% on future shipments. MSME
exporters will receive up to 50% reimbursement on extraordinary logistics
costs.
Industry leaders noted that West Asia remains a key market,
with the UAE ranking among the top four destinations. Policymakers expect the
scheme to safeguard export flows in a US$ 40 billion textile sector and restore
trade confidence.
The ₹497 crore programme targets logistics volatility triggered by security risks in key maritime corridors such as the Strait of Hormuz. Freight costs and insurance premiums have surged, eroding margins in a sector already under stress. India’s textile exports declined 0.31% in February 2026, while apparel shipments dropped 8.60% year on year.
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