Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said, "Container shortage issue is the most serious one and it will affect manufacturing, as goods will pile up in factories".
The other factors that could help in increasing shipments include ensuring that negotiations for various free-trade agreements (FTAs) lead to greater market access for Indian goods, according to exporters
Indian exporters lose about $20 billion in Q1 due to non availability of containers prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Increasing ECGC cover will benefit the sector: Exporters - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The US remained the countrys top export partner, according to government data, but shipments declined 2.78% to $51.63 billion in a year when Indias merchandise trade — both exports and imports — fell amid global lockdowns and disruption to logistics due to the pandemic.