 "Container shortage affecting shipment schedules: TEXPROCIL")
The Cotton Textiles Export PromotionCouncil (TEXPROCIL) on Monday said shortage of containers is making it difficult for exporters to complete scheduled shipments despite sharp rise in export orders.
Exporters face shortage of containers not only at the gateway ports but also at the inland container depots (ICDs), TEXPROCIL said in a statement.
It takes more than two weeks for the exporters to get the containers for shipments of cargos whichis resulting in delays and non-fulfilment of terms and conditions as agreed with the overseas buyers, TEXPROCIL Chairman Manoj Patodia said.
Many exporters are holding export orders for shipments till March 31, 2021, and the delay in shipments in many cases are leading to cancellation of orders. If the issue is not resolved on a priority basis, exporters of textiles and clothing may lose business by an estimated 20 per cent, Patodia added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app