Confederation of Indian Industries writes a 20-Point Relief Agenda to the Government to Shield from West Asia Conflict Fallout. Expected Government Action soon!

Amid rising economic uncertainty triggered by the West Asia conflict, the Confederation of Indian Industry (CII) has urged the government to roll out an emergency 20-point support agenda to safeguard industrial operations, exports, and liquidity. The chamber has called for immediate cost relief, credit enhancement, and institutional reforms to buffer India’s economic ecosystem from the unfolding crisis.

CII’s key proposal includes launching a Conflict-Linked Emergency Credit Line Guarantee Scheme (ECLGS) to ensure collateral-free loans for MSMEs, exporters, and gas-dependent sectors facing financial stress. It also seeks a 3-month moratorium and restructuring window for affected units, a 20% enhancement in working capital limits, and a waiver or reduction of banking fees like processing and forex charges.

To ease operational pressure, CII recommends extending PSU contract timelines, reducing performance guarantees, providing temporary electricity tariff relief, and expediting GST refunds, duty drawbacks, and RoDTEP dues. Other measures include an LNG duty waiver, LTCG tax relief for foreign investors, and creation of a Conflict-Linked Export Risk Support Facility. Stressing diversification of trade routes and supply chains, CII said urgent action is essential to prevent economic disruption amid the continuing West Asia crisis.