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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

Red Sea crisis threatens India's exports, projected $30 bn decline

The preliminary evaluation, conducted by the New Delhi-based think tank Research and Information System for Developing Countries, implies a 6.7% decline in Indian exports, considering last fiscal year's total of $451 billion.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

Red Sea attacks spark shipping disruptions, pose inflation risk

Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more

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