Long voyage time impacted trade, no container shortage: Govt to Parliament
Indian exports, commerce and industry minister Piyush Goyal said in Lok Sabha. This has resulted in increased time for goods to reach international markets.
“No shortage of containers has been, however, reported on account of the longer voyage time or the Red Sea conflicts issues and Russia-Ukraine War,” he said.
He also said limited demand for containers manufactured in India and accordingly the limited manufacturing capacity for containers in the country.
“The container manufacturing industry is dominated by economies of scale that favour established manufacturers from other countries, who benefit from lower production costs, advanced technologies, and immediate cargo loading opportunities,” Goyal said.
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