PHDCCI’s quotes on Government’s RELIEF initiative
City Air News
Mar 19, 2026 08:39
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"The Government’s RELIEF (Resilience & Logistics Intervention for Export Facilitation) initiative provides timely support to exporters facing problems due to heightened geopolitical risks in West Asia. The government’s response, to disruptions around the Strait of Hormuz causing increase in freight costs, and insurance premia, will ensures continuity of trade flows. The inclusion of both past and prospective shipments, along with focused support for MSMEs, reflects a much needed nuanced and balanced policy response said Mr. Rajeev Juneja, President, PHDCCI.”
The provision of enhanced ECGC risk coverage and partial reimbursement for MSMEs facing extraordinary freight and insurance costs under RELIEF will provide much needed comfort to exporters. Initiative of dashboard-based monitoring and periodic review of trade framework will help both industry and government to take appropriate proactive action to mitigate supply chain risks, amid ongoing global uncertainties Dr. Ranjeet Mehta, CEO & SG, PHDCCI.”
