Exporters to receive support from commerce ministry amid West Asia crisis: Commerce Secretary
Exporters dealing with the fallout of the West Asia crisis may soon receive support from the commerce ministry, as Commerce Secretary Rajesh Agrawal has said that ‘Hopefully within this week...we will send the detailed briefing on what are the steps we are taking in the Department of Commerce to support the exports during this troubled time, especially in the Middle East.’
An inter-ministerial group is keeping tabs on developments on a daily basis and interacting with exporters. The exporting community from sectors such as dry fruits, and fruits and vegetables has stated that their shipments have been impacted due to the war.
Further, several ministries and departments including shipping and Customs have come out with support measures for the trading community, such as norms by the Customs department for dealing with export cargo returning to Indian ports due to the closure of the Strait of Hormuz and disruptions in maritime routes amid the West Asia crisis. Commerce Secretary noted that ‘This is a collaborative exercise which will carry on because challenges will occur as we go along.’ Meanwhile, India's exports to West Asia were $58.8 billion in 2024-25.
