Address container shortage, high freight costs: Indian exporters

August 11, 2021 | Fibre2fashion

Indian exporters feel addressing acute shortage of containers, controlling high shipping freights and ensuring timely refund of pending dues are crucial to take overall exports to $400 billion by the end of this fiscal. Exports during April-July 2021 jumped by 73.86 per cent to $130.56 billion compared to $75.10 billion in the same period last year.

How India can achieve its export target of US$400 bn for FY22 – IndBiz | Economic Diplomacy Division

August 11, 2021 | Indbiz

India can meet its ambitious exports target of $400 billion for the current fiscal year but must tackle several challenges such as an acute shortage of containers and controlling high shipping freight tariffs, exporters say. The government should also ensure timely refund of pending dues, negotiate free-trade agreements to allow greater market access for Indian goods, and provide marketing and finance support to exporters.

Rising box freight seen hitting exports to US, EU

August 10, 2021 | Business Line

Exports to long-haul destinations such as the US and the EU may get hit in the coming months because of the rising freight costs and the longer dwell time for containers, the Trade Promotion Council of India has said.

High cost of containers to impact India’s exports: TPCI

August 10, 2021 | Devdiscourse

Increasing container freights would push the overall cost of domestic goods in the international markets, which would make it less competitive and hurt the country’s merchandise exports, Trade Promotion Council of India (TPCI) said on Tuesday.

Exports to US getting costlier owing to clogged ports, higher freight: TPCI — IND Forums

August 10, 2021 | Foru

Exports to US getting costlier owing to clogging at ports along with increased container freight rates, the Trade Promotion Council of India (TPCI) said.According to the Council, new records have been hit in container freight

High cost of containers to impact India”s exports: TPCI Latest News

August 10, 2021 | Newsnow (in)

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High cost of containers to impact India’s exports: TPCI

August 10, 2021 | Knowledia

It said that new records have been hit in container freight spot rates of all carriers and further rise is expected this month. Increasingfreights would push the overall cost of domestic goods in the international markets, which would make it less competitive and hurt the country’s merchandise exports, Trade Promotion Council of India TPCI ) said on Tuesday.”The industry is worried that if this situation persists, there can be a 5 per cent to 8 per cent increase in the cost of goods from India.

High cost of containers to impact India’s exports: TPCI

August 10, 2021 | Pedfire

Increasing freights would push the overall cost of domestic goods in the international markets, which would make it less competitive and hurt the country’s merchandise exports, Trade Promotion Council of India (TPCI) said on Tuesday. It said that new records have been hit in container freight spot rates of all carriers and further rise is expected this month.

Exports to US getting costlier owing to clogged ports, higher freight: TPCI Indian News in Los Angeles Area

August 10, 2021 | Laindian

Exports to US getting costlier owing to clogging at ports along with increased container freight rates, the Trade Promotion Council of India (TPCI) said. According to the Council, new records have been hit in container freight spot rates of all carriers, as the Asia-Europe route continues to continuously rise and is currently approaching $9,000 per Twenty Foot Equivalent Unit (TEU), with further rises expected this month.

High cost of containers to impact India’s exports: TPCI

August 10, 2021 | 15 Minute News

It said that new records have been hit in container freight spot rates of all carriers and further rise is expected this month.

Media Coverage

Address container shortage, high freight costs: Indian exporters

How India can achieve its export target of US$400 bn for FY22 – IndBiz | Economic Diplomacy Division

Rising box freight seen hitting exports to US, EU

High cost of containers to impact India’s exports: TPCI

Exports to US getting costlier owing to clogged ports, higher freight: TPCI — IND Forums

High cost of containers to impact India”s exports: TPCI Latest News

High cost of containers to impact India’s exports: TPCI

High cost of containers to impact India’s exports: TPCI

Exports to US getting costlier owing to clogged ports, higher freight: TPCI Indian News in Los Angeles Area

High cost of containers to impact India’s exports: TPCI