New Delhi, March 20 -- Amid heightened concerns around the Strait of Hormuz and the deteriorating global geopolitical situation due to the war in West Asia, the government on Thursday announced a Rs.497 crore relief package for exporters to mitigate the immediate impact of logistics disruptions and safeguard jobs.

The intervention, called RELIEF (Resilience & Logistics Intervention for Export Facilitation) comprises three complementary components covering consignments destined to countries in West Asia such as the UAE, Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran and Yemen, meant either for delivery or for transshipment, the commerce ministry said in a statement.

The first intervention is for exporters who already have...