Financial Safety Net: Exporters Seek Insurance Subsidies Amid War Risk Premiums

Published

As war risk insurance premiums for the Persian Gulf route continue to climb, various export councils have approached the Ministry of Commerce for urgent financial support. Exporters are requesting a temporary subsidy on insurance costs and a waiver of demurrage charges for containers stranded at ports due to circumstances beyond their control. Small-scale exporters have noted that the combined burden of high freight rates and insurance is making Indian agricultural products uncompetitive in the global market. The government is currently evaluating a relief framework to provide a financial cushion to the hardest-hit sectors.

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