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understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Shortage of containers, reduction in the number of workers, among others are also the reasons behind the rise in fare.Īccording to the information provided by the Trade Promotion Council of India (TPCI), US exports from India has increased by more than 20 percent in the first quarter of the year 2021 (April-June period) compared to the year 2019.īut now the trend is changing as now exporters are preferring to send goods to nearby countries instead of sending it on long routes to countries like America and Europe. The main reason behind the hike in fares of shipping container is the increase in demand around the world. He further informed that he has spoken to the government regarding the matter and has asked them to provide about 1 lakh containers at the earliest.
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See Zee Business Live TV Streaming Below:ĭr Ajay Sahai, DG and CEO, FIEO has admitted that exporters are facing issues in meeting the demand due to shortage of containers.