ENA Sectors 2026-03-03 14:51:48 <p><span style="font-size:14px"><strong>New Delhi, Mar 3 (KNN)</strong> The Department of Commerce (DoC) convened a stakeholder consultation to assess the evolving geo-political situation and its potential impact on Indias export-import (EXIM) cargo flows and the broader export ecosystem.</span></p> <p><span style="font-size:14px">Stakeholders reviewed changes in shipping routes and transit times, vessel scheduling adjustments, container and equipment availability, and trends in freight and insurance costs. The implications for time-sensitive exports were also examined.</span></p> <p><span style="font-size:14px">Discussions focused on maintaining predictability in cargo movement, reducing avoidable delays, and ensuring smooth documentation and payment processes for exporters and importers.</span></p> <p><span style="font-size:14px">The meeting was jointly chaired by Suchindra Misra, Special Secretary, DoC, and Lav Agarwal, Director, Directorate General of Foreign Trade (DGFT).</span></p> <p><span style="font-size:14px">Representatives from logistics operators, shipping lines and freight forwarders, the Central Board of Indirect Taxes &amp; Customs, Department of Financial Services, Ministry of Petroleum and Natural Gas, Ministry of Ports, Shipping and Waterways, the Reserve Bank of India, export promotion bodies and other agencies attended the discussion.</span></p> <p><strong><span style="font-size:14px">Focus on Continuity and Resilience</span></strong></p> <p><span style="font-size:14px">Officials reiterated the Governments priority of ensuring continuity in EXIM logistics and minimising disruptions to trade flows. The approach, they said, would remain facilitative and coordinated, with emphasis on supply chain resilience and protection of exporters interests, particularly MSMEs. Ensuring that essential imports for domestic production and consumption remain unaffected was also highlighted.</span></p> <p><span style="font-size:14px">Stakeholders agreed to maintain close, real-time coordination to monitor route and capacity developments, surcharges, and equipment availability. </span></p> <p><span style="font-size:14px">Measures to support time-sensitive segments such as perishables, pharmaceuticals and high-value manufactured goods were discussed, along with the need to strengthen facilitation at ports and inland container depots to avoid congestion and delays.</span></p> <p><strong><span style="font-size:14px">Government Support Measures</span></strong></p> <p><span style="font-size:14px">The government indicated it is ready to offer procedural flexibility in export-related authorisations in cases of genuine disruption, coordinate with Customs authorities to ensure smooth clearances, and engage with financial and insurance institutions to support exporters.</span></p> <p><strong><span style="font-size:14px">Continued Inter-ministerial Coordination</span></strong></p> <p><span style="font-size:14px">The Commerce Department said it will continue close engagement with stakeholders to address emerging issues promptly. It noted that India has navigated global disruptions in recent years and remains committed to maintaining its position as a stable and reliable trading partner.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45337 https://knnindia.co.in/news/newsdetails/sectors/commerce-department-holds-talks-with-industry-amid-geo-political-tensions 2026-03-03 14:51:48 knnindia.co.in