Addressing container shortage, high shipping freights to help exports hit USD 400 bn this fiscal indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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
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However, MSMEs that are yet to come out of debts worry about further losses
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CHENNAI: 25/05/2020: FOR CITY : COVID-19 : A smal scall unit in ambattur Endustrial Esate is operated with minimum staff as the Government has allowed the inidustris to open with conditions during the Lockdown in Chennai. K. Pichumani/The Hindu
However, MSMEs that are yet to come out of debts worry about further losses
Lessons learnt during last year’s lockdown are seemingly helping large industries in Tamil Nadu handle production during the second wave of the infection.
However, smaller businesses, especially MSMEs who are yet to come out of debts of the first wave, feel any further downturn will create a huge dent in their balance sheets.
Global demand boost for Indian exporters indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.