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In response to disruptions in cargo movement linked to the Middle East crisis, the government has allowed an additional 30 days for the gems and jewellery sector to fulfil specific export and import timelines.The relaxation comes as exporters face delays in consignments to key markets in the region, which accounts for nearly 30 per cent…
NEW DELHI: First shipment of medical aid from India reached Iran on Wednesday, the Indian Embassy in Tehran confirmed. The Iranian embassy in India said that the delivery was received by the Iranian Red Crescent Society and expressed gratitude to the people of India. “The first shipment of medical aid from the esteemed people of…
Garment shipments for major fashion retailers like Zara are stranded in Bangladesh and India due to Middle East air travel disruptions. Major airlines have canceled flights, halting crucial cargo routes through Gulf hubs. This is causing significant delays and surging freight costs for South Asian apparel exporters. Garment shipments bound for global fashion retailers, including…
Indian exporters have flagged fresh concerns over logistics disruptions and rising costs after the US and Israel launched strikes on Iran, triggering retaliatory attacks and escalating tensions across the Middle East.Industry bodies said prolonged instability in the region could disrupt key shipping corridors, push up marine insurance premiums and increase transportation costs, affecting outbound shipments…
Saudi Arabia early Tuesday bombed the Yemeni port city of Mukalla, saying it was targeting a shipment of weapons that had arrived from the United Arab Emirates for a separatist group. The strike marked a sharp rise in tensions between Saudi Arabia and the UAE-backed Southern Transitional Council (STC). It also added strain to the…
