Capture of MSC Aries will further drive up Indian export costs
With heightened geopolitical tensions sparked by the Iran-Israel faceoff, Indian exporters are again staring at ...
Following the deadly clash of Indian and Chinese troops along the disputed border in the Himalayas, numerous reports out of India suggest that customs officials have been told to physically inspect every ex-China import container unloaded at Indian docks. According to BNN Bloomberg: “From active pharmaceutical ingredients that go into the world’s most-consumed drugs to the innards of popular mobile phones, Indian companies purchase Chinese raw materials that feed their finished products. These consignments are now being delayed and firms aren’t sure why.” However, speaking to The Times of India, road transport and highways minister Nitin Gadkari denied the country was specifically targeting shipments from China.
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