The Commerce Ministry has directed the Department of Financial Services (DFS) to monitor and ensure credit flow to exporters facing challenges due to increased freight costs in the Red Sea crisis. The move aims to support exporters dealing with elevated shipping expenses as consignments take longer routes, impacting both time and cost. The inter-ministerial meeting, chaired by Commerce Secretary Sunil Barthwal, involved officials from DFS, Shipping, external affairs, and defense ministries.
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