Freight rates have started increasing once again after remaining steady in December, rising 10% in the first week of January, raising fresh concerns for exporters of basmati rice, tea, apparel and leather goods among others. The waiting time of consignments at ports has also increased to more than a month from 15 days, trade insiders … Read more
Textiles minister Piyush Goyal on Friday said the sector will achieve $44 billion exports target in FY22, and in the next five years, both the ministry and the industry have agreed to aim for $100 billion outbound shipments. He also said that $250 billion of domestic production “is very much doable”. “I have settled for … Read more
Indian exporters across products — from apparel and agricultural commodities to consumer electronics and furniture — are staring at a slump in exports due to a global shortage of containers, and a resultant jump in freight rates, prompting many to seek government intervention. A severe container shortage – triggered by massive congestions at Chinese ports … Read more