, EEPC India chairman Arun K Garodia remains optimistic, pointing to a positive engineering trade

The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.... Major shipping lines have stopped or temporarily halted Red Sea operations, including Maersk, MSC, Hapag Lloyd.... The cost of a 24-foot shipping container from India to Europe, the eastern cost of America and the UK had risen to$ 1, 500 from$ 600 before the Red Sea attacks, according to four exporters including the head of an export associa

Usually, they stock up for higher demand during the festive weeks, by ramping up production during July, August and September." The shortage of components like chipset and panels is hurting.... The issue is unlikely to be resolved anytime soon and this is likely to lead to shortage of TVs during the festive season.... There is enough capacity and our terminals are waiting for cargo....

India's engineering exports to major markets like the United States, the European Union( EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said.... The decline was led by a sharp fall in exports to the US, EU, and China, it said.... Exports to the US fell 12.5 per cent to USD 1.45 billion, while exports to the EU fell 16.2 per cent to USD 1.51 billion....