The measures include procedural flexibility in export-related authorisations in cases of genuine disruption; co-ordination with customs authorities to ensure smooth clearance; engagement with financial and insurance institutions to support exporters’ interests; and continued inter-ministerial coordination, a release from the ministry said.
India has reiterated its readiness to facilitate trade operations at a meeting between relevant ministries and key logistics and trade facilitation partners to review the emerging geopolitical situation and its potential impact.
The measures include procedural flexibility in export authorisations during genuine disruption and engagement with financial and insurance bodies to back exporters’ interests.
The meeting emphasised that India’s approach will remain facilitative and co-ordinated, with a focus on maintaining supply chain resilience, protecting the interests of exporters, particularly micro, small and medium enterprises, so that essential imports required for domestic production and consumption are not adversely affected.
The stakeholders agreed to maintain close, real-time coordination for monitoring route and capacity developments, surcharges and equipment availability.
The meeting was attended by director general of foreign trade Lav Agarwal, representatives from logistics operators and shipping lines/forwarders, the Central Board of Indirect Taxes & Customs, the department of financial services, the Ministry of Petroleum & Natural Gas, the Ministry of Ports, Shipping and Waterways, and the Reserve Bank of India.
Fibre2Fashion News Desk (DS)
