Indian small and medium exporters are facing payment delays and cash‑flow stress as war‑risk premiums and emergency surcharges drive freight rates sharply higher, the trade ministry said on Thursday.
Routes through conflict‑hit West Asia have seen a steep rise in freight and insurance bills, costs that exporters have limited ability to pass on, the ministry said.
New Delhi launched a 4.97 billion rupees ($53.26 million) scheme to support insurance cover for shipments moving through the affected corridors to stabilize costs and prevent order cancellations, it added.
(Reporting by Manoj Kumar & Shivangi Acharya; editing by Muralikumar Anantharaman)
Topics India
Was this article valuable?
Here are more articles you may enjoy.
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit 
Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance 
