India Vows to Back Exporters Amid Middle East Tensions

Government Support for Exporters Amid Middle East Tensions

On March 6, Commerce Minister Piyush Goyal announced the government's plan to support exporters amidst rising tensions in the Middle East. The government aims to utilize every policy tool and export promotion mission to alleviate the burden on exporters.

Key Initiatives

• Inter-ministerial group meetings are being held daily to discuss concerns with exporters.
• Shipping Ministry and companies are being consulted to identify ways to reduce the burden on exporters.
• Commitments to buyers, both in goods and services, will be met by the government.
• Export Promotion Mission will be utilized to support exporters.

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Impact of Middle East Tensions

The joint attack by the US and Israel on Iran has led to issues with the movement of consignments to West Asia, causing concerns for exporters. The government is working to address these issues and provide support to the industry.

Government Commitment

The government has assured exporters that it stands with the industry and will continue to meet international commitments. This commitment is in line with the government's reputation as a trusted partner, earned during the Covid-19 pandemic when India met all its international commitments.

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