New Delhi, March 12 The ongoing conflict in West Asia is expected to significantly disrupt tyre exports, increase raw material costs, and create logistical challenges for the industry, and will require urgent policy support to mitigate emerging challenges, the Automotive Tyre Manufacturers...
crude oil prices
export uncertainty
geopolitical tensions
import restrictions
logistical challenges
lpg
maritime routes
mobility ecosystem
natural gas
raw material costs
rodtep
strait of hormuz
suezcanal
tyre exports
tyre industry
west asia conflict
New Delhi, March 12 India's imports of crude sunflower oil fell by 51 per cent to 1,45,000 tonnes in February, an industry body said on Thursday, as the ongoing conflict in West Asia and disruptions to shipping routes in the Black Sea pushed prices sharply higher.The Solvent Extractors'...
Colombo, March 12 Sri Lanka's tea industry is facing severe disruptions as the ongoing military conflict in the Gulf region has adversely impacted shipments to one of its largest export markets, with exporters estimating a revenue loss of USD 10 million per week.The exporters are unable to...
New Delhi, March 10 On Tuesday, exporters raised concerns about potential payment delays due to the ongoing West Asia crisis during a meeting with the Department of Financial Services, which assured them that the matter would be looked into, according to FIEO.Delays in shipments due to...
export credit
export finance
financial services
indian exporters
interest equalization scheme
letters of credit
logistics disruption
msmes
payment delays
red sea disruption
shipping documents
suezcanal
trade finance
west asia crisis
working capital
New Delhi, March 6 Indian refiners have begun purchasing some of the over 15 million barrels of Russian crude currently floating on tankers near the country, as they seek to address supply concerns arising from disruptions in the Middle East.Sources said refiners increased purchases after the...
cargo shipments
crude oil inventory
energy imports
fuel supply
indian ocean
indian refiners
kpler
middle east supply disruptions
oil tariffs
russian crude oil
strait of hormuz
strategic petroleum reserves
suezcanal
trade agreements
us treasury department
New Delhi, March 5 Prolonged disruptions to shipping through the Strait of Hormuz beyond a week could quickly affect energy markets, fertiliser supplies, industrial inputs, construction materials, and export sectors such as diamonds, according to a think tank, GTRI.The Strait of Hormuz is a...
According to Crisil Ratings, a prolonged war in the Middle East could adversely affect several Indian sectors with direct trade exposure to the region, including basmati rice, fertilizers, diamond polishing, airlines, and travel operators.The rating agency said that sectors dependent on...
New Delhi, March 3 The government has set up an inter-ministerial group to monitor developments in West Asia on a daily basis and assess potential vulnerabilities in shipping, logistics, exports, and critical imports, Commerce and Industry Minister Piyush Goyal said on Tuesday.Exporters have...
commerce and industry
directorate general of foreign trade
export operations
geopolitical risk
import operations
india exports
india imports
inter-ministerial group
logistics costs
red sea
shipping routes
suezcanal
supply chain resilience
trade disruptions
west asia
Rising tensions in the Middle East, following attacks by the US and Israel on Iran, are expected to disrupt trade flows, increase freight and insurance costs, delay cargo shipments, and drive up global oil prices, thereby increasing India's import bill, according to experts.While India's trade...
With a joint attack by the US and Israel on Iran triggering a major military confrontation in the Middle East, Indian exporters on Saturday said that this is expected to increase transportation and insurance costs, potentially disrupting shipments to the US and Europe.They stated that any...