India, March 19 -- Amid heightened security concerns around the Strait of Hormuz and deteriorating global geopolitical situation due to the war in West Asia, the government launched a Rs.497 crore relief package for exporters to mitigate the immediate impact of logistics disruptions and safeguard related employment.

The intervention, RELIEF or Resilience and Logistics Intervention for Export Facilitation, comprises three complementary components covering consignments destined to countries in West Asia, such as the United Arab Emirates (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 pertains t...