India on March 30, 2026, announced a ₹4.97 billion relief package to support exporters affected by disruptions from the Iran-related West Asia conflict. The scheme aims to stabilize shipments, reduce risk costs, and protect jobs amid rising freight and insurance expenses.

Bullets

• India introduced a ₹4.97 billion relief scheme to support exporters impacted by West Asia conflict disruptions.
• The package aims to stabilize shipment flows and reduce uncertainty in global trade routes.
• Exporters are facing sharp increases in freight rates due to ongoing geopolitical tensions.
• War-related risks have led to significantly higher insurance premiums for shipments.
• The scheme offers enhanced insurance coverage of up to 100% for export consignments.
• Special focus is placed on micro, small and medium enterprises facing financial strain.
• The initiative seeks to safeguard jobs linked to export-oriented sectors across India.
• Logistics disruptions have affected key maritime routes and delivery timelines.
• The government described the situation as “extraordinary,” requiring targeted intervention.
• The relief measure aims to maintain export competitiveness during global instability.