India Prepares Aid Package for West Asia Exporters Amidst Iran Conflict
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India Plans Relief Package for West Asia Exporters Amid Iran War
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CNBC TV18•19-03-2026, 14:07
India Plans Relief Package for West Asia Exporters Amid Iran War
•India is preparing a relief package for West Asia-focused exporters due to disruptions from the ongoing Iran war, Commerce Secretary Rajesh Agrawal announced.
•The government is considering a special scheme under the Exports Promotion Mission and coordinating with Gulf port authorities to address exporter concerns.
•DGFT chief Luv Agrawal noted sharp increases in logistics costs, payment delays, and working capital stress for MSMEs.
•Support for shipment insurance will be offered, as war-risk premiums and emergency surcharges have risen significantly.
•An inter-ministerial group is actively working to mitigate the war's impact on Indian businesses, which began after US-Israel strikes on Iran and Iran's retaliation.
