Container shortage hits textile exporters
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Textile and clothing exporters are hit by container shortage and if the situation continues, they can lose nearly 20 % business, according to the Cotton Textiles Export Promotion Council.
Chairman of the Council Manoj Patodia has said in a press release that the exporters are facing severe shortage of containers. “The situation is becoming very serious as exporters are finding it difficult to adhere to shipment schedules which is a matter of concern,” he said.
“It takes more than two weeks for the exporters to get the containers for shipments of export cargos which is resulting in delay and non-fulfilment of terms and conditions as agreed with the overseas buyers,” Mr. Patodia said.
December 29, 2020
‘Taking over 2 weeks for exporters to get containers for export cargos’
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.
Further, exporters face shortage of containers not only at the Gateway Ports but also at the Inland Container Depots.
Texprocil elects new Chairman, Vice-Chairman
December 14, 2020 MK Patodia and Sunil Patwari have been elected as Chairman and Vice-Chairman of the Cotton Textile Export Promotion Council of India, at the 66th Annual General Meeting held early this month.
The AGM was held in a hybrid virtual model with members attending it online and offline.
Speaking at the AGM, outgoing Chairman Dr KV Srinivasan said the entire world came under the grip of a spreading pandemic, the like of which has not been seen since the pandemic of the ‘Spanish flu’ that affected about one-third of the global population, a hundred years ago.