Import/Export Industry Notifications

The pandemic has dealt a significant blow to the truck transport industry, with disruption of working capital cycle applying the brakes to the movement of many trucks. At the same time, high diesel prices in India will add to costs for the country’s logistics chain, and this is likely to have an inflationary impact on the economy in the days to come

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Terminal operations has returned to normal however, vessel productivity is still slow.
The yard is congested due to inter-terminal transfer delays.

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Extending their support to the agitation called by farmers, the truckers have announced that they will keep vehicles off the road on the day from noon till 4pm on November 5.

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A sudden improvement in exports and a slump in imports, especially from China, have created a shortage of containers for exports. The waiting time for an access to a container for exporters is now two-three weeks, compared with a maximum of four days earlier.

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Prices of potatoes and onions have increased immensely. With the increasing cost of vegetables, it has become a significant concern for Indian citizens.

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April-October exports have already shown a drop of more than 19%, making it crucial for the government and exporters to work together to deal with this challenging situation.

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Subsequent to recording positive growth in September, India's export declined 5.4 percent to USD 24.82 billion in October by virtue of plunge in shipments of petroleum products, gems and jewelry, leather, and engineering goods.

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The UK government's declaration of a month-long lockdown – in accordance with a few other European nations – to attempt to stymy a second influx of the Covid pandemic has exacerbated issues for organizations looking to prepare for Brexit.

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On Thursday, India has issued a notice on quality control order on leather footwear and products. This has been done to restrict cheap imports of these products into the country.

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