Ludhiana, April 5 -- Exporters in Ludhiana have sought immediate government intervention as the ongoing war in West Asia disrupts key trade routes, triggering order cancellations, payment delays, and a sharp spike in logistics costs, raising fears of a severe business downturn.
The concerns were raised during a meeting of the exporters' wing of the Association of Trade and Industrial Undertakings (ATIU) on Saturday, where industry members flagged the widening impact of the crisis across sectors, particularly engineering goods, hosiery and garments.
Exporters reported widespread cancellation of orders amid weakening global demand, alongside delays and suspension of payments from overseas buyers. A simultaneous rise in raw material prices...
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