New Delhi, March 19 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the government’s timely announcement of the RELIEF (Resilience and Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission, aimed at supporting exporters impacted by the ongoing disruptions in West Asia maritime trade routes.Recent developments around the Strait of Hormuz and the wider Gulf region have led to significant challenges including vessel diversio…
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New Delhi, March 19 (IANS) The time-bound Rs 497 crore RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme under the Export Promotion Mission (EPM) will support Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor, the government said on Thursday.The scheme has been structured to provide support across the export cycle by covering…