KASSIA red flags spike in container prices
The Hindu
Seeks subsidy to enable exporters to cater to crucial holiday season orders from the West
An unprecedented spike in container costs by as much as seven times, from around ₹1.5 lakh to ₹11 lakh, is threatening to put a spanner in the works just as global trade is gathering steam. The government has to act immediately before this spike in tariff begins to hurt the economy, according to Karnataka Small Scale Industries’ Association (KASSIA).
In a statement issued in Bengaluru on October 22, the trade body shared the concerns of MSME exporters of Karnataka.
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