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High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
India's exports may hit $ 450B in 2024 amidst Red Sea mishap, says Ashwani Kumar
The main drivers of merchandise export growth in February include engineering goods, electronic goods, organic and inorganic chemicals, drugs and pharmaceuticals, and petroleum productsRead more
Will exports turn positive amid Red Sea crisis?
Armed conflict in the Red Sea is affecting the global trade as the movement of goods has been hindered by the conflict since November last yearRead more
The Red Sea crisis: Lessons for logistics sector
Certain geopolitical complexities, such as the ongoing Red Sea crisis, present challenges in the smooth maritime operations and affect global trade. Pushpank Kaushik shares some valuable thoughts on sustaining the growth of India’s logistics and shipping sector amid these crises.Read more
Jindal Stainless navigates Red Sea crisis, adjusts export targets, eyes European expansion
Due to the Red Sea issue, both time and cost associated with shipments to Europe have increased. Jindal anticipates a decline in Q4 export sales, revising the target from 15% to around 12%.Read more
Indian exporters navigate global shipping challenges amidst Red Sea conflict
Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more
L&T Construction wins turnkey contract for Amaala's Sustainable Mega Project in Saudi Arabia
Situated within the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia’s northwestern coast, Amaala is an ultra-luxury destination covering 4155 square kilometres.Read more