Gemini carriers cut back loading allocations on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
© Vectomart
The Indian RMG (ready-made garment) industry that saw sourcing shifting from China as a lucrative opportunity, seems to be struggling as regional competition for market share heats up.
Indian RMG exports by value have seen a sharp decline in the current fiscal year, which began in April as total trade has slid 17.6% year on year, to $4.8bn, with a YoY fall in July of 17.4%, official data shows.
The latest figures not only present a gloomy outlook for RMG exports, but ...
Comment on this article