New Delhi, March 24 -- The Government is closely monitoring the evolving geopolitical situation in West Asia and the Gulf region and its impact on Indias external trade, logistics, and shipping operations, Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha.
Disruptions Impact Trade, Logistics And Shipping
In a written reply, the Minister said disruptions in maritime and air cargo routes through the Middle East have led to increased freight costs due to rerouting and war-risk surcharges, cargo accumulation at ports and logistics hubs, and financial stress caused by longer transit cycles.
These challenges have affected multiple sectors, including agriculture, textiles, and engineering exports.
Inter-Minis...