One man s misfortune is another man s opportunity — Red Sea crisis hurts Indian small exporters – The Frontier Post thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.
The Red Sea crisis has caused significant shipping costs and times for Indian companies, leading to job losses and increased costs for small exporters. In India, small exporters, who account for 40% of the country s annual merchandise exports worth $450 billion, have warned that job losses have started and could soar if the attacks, which began late last year, become prolonged.
Atul Jhunjhunwala, an
exporter in the Indian eastern city of Kolkata, is tearing his
hair out, having just lost another order due to the Red Sea
crisis that has jacked up his shipping costs and.
Red Sea News: The Red Sea crisis has caused significant shipping costs and times for Indian companies, leading to job losses and increased costs for small exporters. In India, small exporters, who account for 40% of the country s annual merchandise exports worth USD 450 billion, have warned that job losses have started and could soar if the attacks, which began late last year, become prolonged.