In response to the evolving geopolitical situation in West Asia impacting maritime logistics, the government has broadened the eligible destinations under RELIEF – Resilience & Logistics Intervention for Export Facilitation. Egypt and Jordan have been newly included in the list for shipments under the RELIEF framework. The Commerce Ministry also clarified the scope of Component II of RELIEF related to ECGC insurance support.
The recent policy circular dated April 15 ensures that exporters obtaining a fresh ECGC Whole Turnover Policy on or after March 16 can avail support under Component II. These measures aim to provide clarity and enhance the participation of exporters, especially new policyholders. The government’s actions demonstrate its commitment to addressing emerging challenges faced by exporters amidst changing trade and logistics conditions.
By expanding the geographical coverage of RELIEF, the government seeks to support exporters operating in the extended West Asia and North Africa corridor during ongoing disruptions. This move is anticipated to bolster export resilience, maintain trade flows, and assist Indian exporters in navigating geopolitical and logistics uncertainties effectively.
RELIEF, initiated on March 19, is a targeted intervention to aid Indian exporters impacted by freight escalation, increased insurance premiums, and war-related export risks in the Gulf and wider West Asia region. The intervention offers support across the export cycle, covering both past and future shipments. ECGC is overseeing the implementation of RELIEF, providing assistance to insured exporters and facilitating insurance cover for upcoming shipments.
