India, March 17 -- The spiralling war in West Asia and disruption in ship movement via the Strait of Hormuz is leaving a heavy toll on the Navi Mumbai-Panvel-Uran economic corridor. A large chunk of the 4,500 factories in the area are staring at closure by next week due to shortage and sharp escalation in prices of raw materials, while migrant labourers working in these factories are struggling to find cooked food due to canteen closures. At the Jawaharlal Nehru Port Authority (JNPA), thousands of export-bound containers are stranded at terminals, triggering price volatility at the Agricultural Produce Market Committee (APMC) in Vashi.

Industries hit

"It has only been two weeks since the war started, but it feels like the bombs are fall...