New Delhi, March 19 -- The government on Thursday approved Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme to support exporters affected by rising logistics costs and supply chain disruptions in West Asia.
The move comes amid heightened security concerns around the Strait of Hormuz, which have led to vessel diversions, longer routes, port congestion, and higher freight and insurance costs.
Targeted Support Under EPM
RELIEF has been introduced under the Export Promotion Mission (EPM) to address extraordinary freight escalation, increased insurance premia, and war-related export risks impacting shipments to the Gulf region.
The initiative aims to reduce the impact of logistics disruptions, maintain expo...