The high-level inter-ministerial group on the Red Sea crisis, chaired by commerce secretary Sunil Barthwal, convenes to address shipment delays and rising cargo transport costs. Officials from various ministries will discuss measures to support exporters and ensure adequate credit flow. While India’s exports remain unaffected for now, diversion of shipping routes via the Cape of Good Hope has led to increased costs, prompting the need for strategic planning amid potential long-term impacts on trade.
Subscribe to our mailing list to get the latest magazine!
2 days ago