India to expand freight subsidies amid West Asia crisis
Business
India's government is stepping up to help exporters struggling with higher shipping and insurance costs due to the ongoing West Asia crisis.
Commerce Minister Piyush Goyal said they're looking at expanding freight subsidies and rolling out extra relief, so businesses can keep moving goods even as routes get disrupted.
Piyush Goyal reassures global trade leaders
Government teams are already offering insurance support and brainstorming how to bring down freight rates.
Several ministries are teaming up for a bigger support plan, aiming to protect key industries.
Meanwhile, Goyal reassured global trade leaders that India's food and energy supplies remain steady, with no major hiccups in LPG or oil deliveries despite the global tension.