New Delhi: Concerns have risen among exporters amid rising concerns Tension in West Asia, Government On Monday it said it was keeping a close eye on the situation and would take action if problems arise.
Business However, Secretary Sunil Barthwal suggested that there was unlikely to be any major impact based on the current readings. “We are used to regional conflicts. If there were no conflicts, our goods (goods) export Would have performed better. Our exports are well diversified and we are focusing on further diversification,” he said based on inputs received from exporters, shipping lines and container service providers. “Based on the discussion, we do our internal analysis and if it continues longer, we will look into the issues.”
However, industry body FIEO said the need of the hour is to address the challenges of West Asia’s geopolitical situation, Red Sea crisis by ensuring availability of marine insurance and rational increase in freight charges. “Shipping disruptions could worsen India’s trade problems,” think tank GTRI said on Monday.
Business However, Secretary Sunil Barthwal suggested that there was unlikely to be any major impact based on the current readings. “We are used to regional conflicts. If there were no conflicts, our goods (goods) export Would have performed better. Our exports are well diversified and we are focusing on further diversification,” he said based on inputs received from exporters, shipping lines and container service providers. “Based on the discussion, we do our internal analysis and if it continues longer, we will look into the issues.”
However, industry body FIEO said the need of the hour is to address the challenges of West Asia’s geopolitical situation, Red Sea crisis by ensuring availability of marine insurance and rational increase in freight charges. “Shipping disruptions could worsen India’s trade problems,” think tank GTRI said on Monday.
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