India Extends Enhanced ECGC Insurance Cover for West Asia Exports Till September 30

The extension, announced by the Directorate General of Foreign Trade (DGFT), applies under the Resilience and Logistics Intervention for Export Facilitation (RELIEF) scheme, a key component of the Export Promotion Mission (EPM). Under the scheme, exporters availing credit risk insurance from the Export Credit Guarantee Corporation of India Ltd. (ECGC) will continue to receive up to 95% credit risk cover, compared to the standard coverage of 85–90%. The additional premium for the enhanced insurance protection will be fully borne by the Government of India.   The support, which was initially available for shipments made between March 16 and June 15, 2026, has now been extended to cover eligible exports dispatched up to September 30, 2026. The enhanced insurance facility also covers consignments that are transshipped through West Asia, helping exporters maintain trade flows despite disruptions in regional shipping routes.      According to the DGFT notification, the extension aims to support Indian exporters and mitigate the impact of logistics challenges arising from the continuing crisis in West Asia.      As part of the RELIEF package, the government has also ensured that ECGC insurance premiums remain at pre-disruption levels, preventing higher logistics and insurance costs from eroding exporters’ margins. Any additional risk cost arising from the crisis will be absorbed by the government, which will also directly reimburse ECGC for claim payouts exceeding those covered under its standard insurance policies.      The measures are intended to sustain India’s export competitiveness and provide greater financial security to exporters navigating heightened risks in the West Asia trade corridor.