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Scarcity on high seas hurting India’s exports

A shortage of shipping containers thanks to China’s quick recovery and Atmanirbharta is pushing up trade costs.

Shipping ministry officials say the government is keen to set up a container manufacturing facility in the country. A high-level meeting was held recently to review its feasibility.

MUMBAI : Abraham Tharakan, the chairman of Kochi-based Amalgam Group, is an unhappy man. The promoter of one of India’s largest seafood exporters has seen firsthand how the business—to pack shrimp and squid to the US and Chinese markets—has been throttled by an unprecedented shortage of shipping containers.

 

Source: Live Mint

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