New Delhi, April 10 The commerce ministry on Friday said it will set up a weekly monitoring mechanism to track export-import trends and sectoral stress indicators, amid concerns that supply chain disruptions, logistical constraints, and rising input costs due to geopolitical tensions could impact industries.
The concerns and challenges of the exporting community regarding the rising cost of packaging materials and disruptions in ship movement in international waters, particularly to the West Asia region, were discussed in two separate meetings on March 9 here.
The meeting, chaired by Commerce Secretary Rajesh Agrawal, focused on the challenges arising from disruptions in packaging materials and associated inputs.
It was observed that the ongoing geopolitical developments can impact the availability and pricing of key petrochemical inputs, such as polymers and resins, leading to increased costs for packaging materials across sectors.
Industry participants highlighted the increase in prices of critical inputs, placing particular stress on MSMEs.
Exporters highlighted that stress in supply chains, logistical constraints, and rising input costs can impact industries such as apparel, leather, telecom/optical fibre, and medical devices.
Stakeholders emphasized the need for support in terms of the continued availability of critical inputs like LNG, helium, and petrochemical derivatives, along with early GST refunds to improve liquidity, the ministry said in a statement.
Agrawal emphasized the need for undertaking time-bound assessments of key packaging inputs, including mapping domestic production capacity and identifying import dependencies.
"He mentioned that a structured monitoring mechanism for tracking export-import trends and sectoral stress indicators on a weekly basis will also be instituted," it said.
Following the meeting, the Ministry of Ports, Shipping and Waterways has directed all ports and terminal operators to take immediate action to enhance transparency and operational efficiency.
These measures include the publication of concessions and waivers provided to cargo and vessels, a review of bunker fuel availability, and the expedited evacuation of stranded containers, reinforcing efficiency across the system, it said.
Logistics-related issues were discussed between the Commerce Secretary, Shipping Secretary, senior officials, port authorities, shipping agencies, Export Promotion Councils (EPCs), industry representatives, and other stakeholders.
The conflict in West Asia has posed challenges for exporters to ship goods to the Gulf region, with which India had a bilateral trade of USD 178 billion in 2024-25 (USD 56.87 billion exports and USD 121.67 billion imports).