All posts tagged: Exporters

West Asia crisis hurting Indian tea exporters

West Asia crisis hurting Indian tea exporters

India’s tea industry captains, feeling the pinch due to the West Asia conflict, on Thursday (May 21, 2026) observed one of the gloomiest International Tea Days since it became a calendar event in 2005. According to the Indian Tea Association (ITA), the largest tea planters’ body in the country, the West Asia crisis has affected exports to countries around the Gulf of Persia and the Gulf of Oman. About 87% of India’s total tea exports are concentrated in 21 countries across Europe, the Commonwealth of Independent States, and West Asia. Iran, Iraq, the United Arab Emirates, Saudi Arabia, Turkiye, and Egypt account for 46% of the exports. The conflict involving the United States, Israel, and Iran began in February. Tea exports registered a declining trend between January and March compared to the corresponding period in 2025, reflecting lower export volumes across both North India and South India. Assam, other northeastern States, and West Bengal are the largest producers of tea in the industry’s North India region, which largely accounted for the landmark 280.4 million kg …

RELIEF scheme to back Indian exporters for three months Amid West Asia crisis

RELIEF scheme to back Indian exporters for three months Amid West Asia crisis

The government on Thursday launched a new scheme called Resilience and Logistics Intervention for Export Facilitation (RELIEF) to help Indian exporters deal with disruptions caused by the ongoing crisis in West Asia, aiming to ensure smooth trade and protect the country’s market share.  Commerce Secretary Rajesh Agrawal announced the RELIEF scheme, saying it is part of the government’s broader Export Promotion Mission. He described it as a carefully designed support package to stabilise export flows during the current crisis, reported news agency IANS. “The scheme will provide targeted support to exporters, especially small and medium enterprises, who are facing operational challenges due to disruptions in shipping and logistics,” Agrawal said. “The focus will be on 17-18 destinations that have been particularly affected by the situation in West Asia and the Gulf region,” he added. The main aim of the initiative is to ensure that exports continue as smoothly as possible despite the challenges, informed Agarwal. New scheme to aid MSME exporters amid West Asia conflict “The scheme is expected to reduce the burden of high …

Govt launches package for exporters to mitigate disruptions| India News

Govt launches package for exporters to mitigate disruptions| India News

Amid heightened security concerns around the Strait of Hormuz and deteriorating global geopolitical situation due to the war in West Asia, the government launched a ₹497 crore relief package for exporters to mitigate the immediate impact of logistics disruptions and safeguard related employment. The move comes amid heightened security concerns around the Strait of Hormuz. (REUTERS) The intervention, RELIEF or Resilience and Logistics Intervention for Export Facilitation, comprises three complementary components covering consignments destined to countries in West Asia, such as the United Arab Emirates (UAE), Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran and Yemen, meant either for delivery or for transshipment, the commerce ministry said in a statement. The first intervention pertains to the exporters, who have ECGC credit insurance cover for eligible consignments. They will benefit from up to 100% risk coverage, over and above the existing ECGC cover, during the eligible period (February 14 to March 15), thereby ensuring enhanced protection without additional financial burden, it said. The second one is for exporters planning upcoming consignments during the next three …

Middle East war jitters: ₹4k-cr basmati cargo stuck; Punjab & Haryana exporters fear heavy losses

Middle East war jitters: ₹4k-cr basmati cargo stuck; Punjab & Haryana exporters fear heavy losses

As Middle East turmoil persists, basmati exporters from Punjab and Haryana face fresh trouble with cargo vessels seeking offloading of consignments and insurers withdrawing cover for over 4 lakh tonnes of basmati worth ₹3,500– ₹4,000 crore (approx $40milion) in transit. A basmati exporter pegged losses to nearly ₹7,500 crore due to stock of premium grain being stuck at different unknown location and the scenario. According to the data from the Agricultural and Processed Food Products Export Development Authority (APEDA), India exports 70% basmati grain to the Middle East, and a major share belongs to Iran. The annual trade is worth over ₹50,000 crore. According to Ranjit Singh Jossan, vice-president of rice exporters association, the rising geopolitical tensions have disrupted global maritime transportation, leaving Indian exporters grappling with unprecedented challenges. “Almost all major international shipping lines have suspended fresh bookings. Vessels transiting through the Arabian Sea and the Indian Ocean toward various global destinations have reportedly begun offloading containers at intermediary foreign ports instead of proceeding to their final destinations,” he said. He claimed that companies …

Suspension of flights, shipping surcharge push exporters from south India to the edge

Suspension of flights, shipping surcharge push exporters from south India to the edge

The perishable goods kept at the warehouse of the Kerala State industrail Enterprises Ltd in Kozhikode. | Photo Credit: Dhinesh K V The cancellation of scheduled flights from India to West Asia has put exporters in trouble, as it has disrupted the supply chain for vegetables, fruits, and seafood exported from South India, including Kerala, which has a strong market in West Asian cities as well as in Europe. The suspension of flight services has also led to the accumulation of perishable goods in the warehouses of exporters in Kerala, forcing many to sell export-quality produce in local markets at cheaper rates. An Instagram reel showing export-quality vegetables and fruits being sold by local vendors in the Tirur market, after they could not be exported to overseas markets through Calicut International Airport, has gone viral in Kerala. Speaking to The Hindu, K. Suresh Kumar, chairman of the Air Cargo Agents Association of India (ACAAI), a body of airfreight forwarders with around 600 members in the State, said about 100–150 tonnes of vegetables, fruits, flowers, and seafood …

‘Chāy’ In Conflict: Why Assam Orthodox Tea Exporters Are Worried About Iran’s Favourite Comfort Drink | India News

‘Chāy’ In Conflict: Why Assam Orthodox Tea Exporters Are Worried About Iran’s Favourite Comfort Drink | India News

Last Updated:March 02, 2026, 22:00 IST Exporters of the Assam Orthodox tea said while there is still some breathing space, shipments could face a serious setback if the ongoing conflict in Iran continues Often regarded as Iran’s comfort beverage – and the second cheapest drink after water – the Assam Orthodox tea holds a special place in the country’s market. (Image for representation: PTI/File) Amid the West Asia crisis, there is concern brewing around Iran’s favourite comfort drink – the award-winning, premium quality Assam Orthodox tea. Exporters of the tea in Assam said while there is still some breathing space, tea shipments could face a serious setback if the ongoing conflict in Iran continues. Often regarded as Iran’s comfort beverage – and the second cheapest drink after water – the Assam Orthodox tea holds a special place in the country’s market. But the evolving geopolitical situation has created massive uncertainty among exporters. Follow Israel-Iran War News LIVE Updates Here ‘TEA CAN HELP EASE TENSE MOMENTS’ Iranians drink chāy (tea) throughout the day – morning, afternoon, …

Iran-Israel war: Ludhiana exporters on edge, brace for rising input costs

Iran-Israel war: Ludhiana exporters on edge, brace for rising input costs

The ongoing conflict in the Middle East has sparked volatility in global commodity markets, particularly crude oil, a development that is expected to directly raise manufacturing and transportation costs, industry honchos in Ludhiana said on Sunday. A worker stands in front of a furnace at a steel processing production line of a factory in Mandi Gobindgarh in Punjab. (Reuters file) The US and Israel launched coordinated, massive missile attacks on Iran that killed supreme leader Ayatollah Ali Khamenei. Iran countered with missile strikes at targets across the Mideast. “The war has begun to affect industrial activity in Ludhiana, leading to rising input costs and uncertainty in export markets, warned leading trade bodies, representing the cycle, knitwear and engineering sectors. Gurmeet Kular, president of the Federation of Industrial and Commercial Organisations (FICO), said industries dependent on steel, rubber and petroleum-based products were already feeling the pressure. “When crude and other raw material prices shoot up because of geopolitical tensions, small and medium industries suffer immediately. This is a natural economic outcome of war-linked price swings. Policy …

‘ Trillion Market For Indian Exporters’: Piyush Goyal Hails India-US Interim Trade Framework | India News

‘$30 Trillion Market For Indian Exporters’: Piyush Goyal Hails India-US Interim Trade Framework | India News

Last Updated:February 07, 2026, 07:33 IST Piyush Goyal called the India-US interim trade framework a major boost for MSMEs, farmers and fishermen and a significant step toward bilateral economic ties. Union Minister of Commerce and Industry Piyush Goyal. (File Photo: PTI) Union Commerce and Industry Minister Piyush Goyal on Saturday hailed the newly announced India-US Interim Trade Framework, saying it would open access to a $30 trillion US market for Indian exporters. Announcing the framework, India and the United States said they would move swiftly to implement the interim arrangement while continuing negotiations for a comprehensive Bilateral Trade Agreement (BTA). The framework follows months of talks amid tariff-related tensions between the two countries. Under the framework, the United States will reduce reciprocal tariffs on Indian goods to 18 per cent, improving market access for a wide range of Indian products. Both sides said the agreement reflects renewed momentum in trade engagement and a shared commitment to strengthening economic cooperation. In a joint statement, the two countries described the framework as a key milestone in the …

Trump’s tariff signal worries Punjab basmati exporters

Trump’s tariff signal worries Punjab basmati exporters

Punjab rice exporters on Wednesday raised concern over US President Donald Trump’s fresh signal to impose tariffs on Indian basmati rice. India exported over 2,74,213 tonnes of basmati rice worth $337.1 million to the US in 2024-25. Also in the same period, India exported around 61,341.5 MT of non-basmati rice, valued at $54.64 million. (PTI File) At a White House event, Trump said he would “take care” of the alleged dumping of Indian rice into the US even as a trade deal between the two countries remained elusive amid protracted negotiations. Trump’s remarks came as some farmers, one of his core voter bases, blamed imports for falling rice prices, alleging countries such as India, Vietnam and Thailand were hurting their produce. Dumping refers to the export of a product at a price lower than the average international prices or the domestic cost of production. The Punjab exporters have sought intervention from the Indian government to clarify that basmati cultivation and trade from the country is not subsidised by the government. “Punjab contributes 40% of the …

Rajnath Singh Highlights Modi Govt’s Focus on Integration of Armed Forces, Says ‘India Now Among Top 25 Arms Exporters’

Last Updated: February 24, 2024, 17:10 IST Union Defence Minister Rajnath Singh speaking at the Firstpost Defence Summit 2024 (Image/X) Speaking at the Firstpost Defence Summit 2024, Singh said, “At first, it was a difficult task to integrate but the plan is going better and we will soon witness better coordination among the three defence forces” Defence Minister Rajnath Singh on Saturday said that the Modi government has focused on the integration of all three wings of defence forces- Indian Army, Indian Navy and Indian Air Force. Speaking at the Firstpost Defence Summit 2024, Singh said, “At first, it was a difficult task to integrate but the plan is going better and we will soon witness better coordination among the three defence forces.” “We focused on long-term gains for our country’s defence. In the past couple of years the defence sector has been changed radically,” added Singh. The minister also said that his government is making all possible efforts to make the defence forces self-reliant and his administration is the first regime to restrict the …