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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
Shipping companies have jacked up rates over the last year by adding peak season surcharge and other increases, which vary with shipping lines and container sizes.
For a country that has a contribution of less than 5% in global trade, India’s dreams of achieving a $1-trillion exports target by 2025 mandates a closer look at what we export and what more we should.