New Delhi, March 19 -- The Centre on Thursday announced the Resilience & Logistic Intervention for Export promotion (RELIEF) scheme to support Indian exporters impacted by the ongoing conflict in West Asia. "The Export Promotion Mission has introduced a targeted, time-limited scheme to stabilise India's export flows through a corridor that accounts for nearly 15% of global trade," said Chief of the Directorate General of Foreign Trade (DGFT), Lav Agarwal, detailing the intervention during a press briefing.

"The intervention is necessary because this corridor matters for India, for our industry, and for our bilateral trade," Agarwal said. He noted that, "Trade through this corridor amounts to around USD 178 billion, of which approximately...