Exporters from India are facing a huge shortage of containers for exports. The situation is becoming very serious as exporters are finding it difficult to adhere to shipment schedules which is a matter of serious concern, said, Manoj Patodia, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL).
One of the reasons being attributed to the shortage is the low volume of imports, especially from China. Further, exporters face a shortage of containers not only at the Gateway Ports but also at the ICDs.
In the initial months of the lockdown, Patodia pointed out that exports were low. However, after a period of intense lockdown for more than six months, exports of textiles & clothing have started picking up sharply, according to the Chairman, TEXPROCIL.
December 30, 2020
UK has already signed trade agreements with 62 countries ahead of Brexit transition The Cotton Textile Export Promotion Council (Texprocil) has urged the Government to sign free trade agreement with the United Kingdom after its exit from European Union is formalised from January.
Manoj Patodia, Chairman, Texprocil said the visit of UK Prime Minister, Boris Johnson to India as a Chief Guest at the Republic Day Parade next month presents an opportune moment to formulate a comprehensive framework for commencing FTA negotiations
The UK is one of India’s largest trading partners among the European countries in the textile and clothing sector accounting for almost 24 per cent of goods exported from India to the EU region.
Container shortage hits export shipment schedules: Texprocil
Textile exports, which have been on the revival path following the Covid-19 pandemic, has received a severe setback due to shortage of containers, which in turn is largely due to shrinking export-import trade.
Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council, said the situation is becoming very serious as exporters are finding it difficult to adhere to shipment schedules which is a matter of serious concern.
One of the reasons being attributed for the shortage is the low volume of imports, especially from China.
Also read: Govt may extend MEIS for exporters as RoDTEP rates still being fixed
Container shortage adversely affecting shipment schedules - Chairman, TEXPROCIL ANI | Updated: Dec 30, 2020 14:35 IST
Mumbai (Maharashtra) [India] December 30 (ANI/BusinessWire India): Exporters from India are facing a huge shortage of containers for exports. The situation is becoming very serious as exporters are finding it difficult to adhere to shipment schedules which is a matter of serious concern, said, Manoj Patodia, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL).
One of the reasons being attributed to the shortage is the low volume of imports, especially from China. Further, exporters face a shortage of containers not only at the Gateway Ports but also at the ICDs.
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The Cotton Textiles Export Promotion Council (Texprocil) has sought early completion of a trade agreement with the UK.
Chairman of the council Manoj Patodia has said in a press release that the Central government should take immediate steps to have a free trade agreement (FTA) with the U.K.
“The visit of U.K Prime Minister Boris Johnson to India as chief guest at the Republic Day parade on January 26, 2021 presents just the opportune moment to formulate a comprehensive framework for commencing FTA negotiations,” he said.
The U.K. is one of India’s largest trading partners among the European countries in the textile and clothing sector, accounting for almost 24 % of the textile and clothing exports to the European Union.