West Asia Conflict Disrupts Surat Textile Trade, Shipping Costs Surge 400%
The ongoing conflict in West Asia is beginning to affect India’s textile trade, with manufacturers in Surat raising concerns over soaring shipping costs, delayed payments and rising raw material prices. Industry leaders say shipping costs for consignments have risen by as much as 400%, while prices of man-made fibre — a key raw material for synthetic textiles — have increased...
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