New Delhi, May 6 -- India is tapping alternate trade routes to facilitate movement of cargoes-exports as well as energy imports-moving shipping lines at some of the West Asian ports not affected by the Strait of Hormuz blockade amid the ongoing US-Iran war, said a government official on Wednesday.
Speaking to reporters, Opesh Kumar Sharma, director in the ministry of ports, shipping and waterways, said India and West Asian countries are taking these options to ensure least interruption in trade between the Gulf region and India, including fuel shipments, at a time when the Strait of Hormuz, a key channel for 20% of global oil and gas trade, remains largely closed.
Alternate shipping services have been operationalized in the backdrop of ...
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