No sign of panic among Indian exporters; shift to Cape of Good Hope route

Despite Iran-Israel instability, exporters report no disruption in trade as 96 per cent of India's container traffic shifts to the Cape of Good Hope route

Amid uncertainties over the Iran-Israel ceasefire, Indian exporters remain largely relieved, indicating that most of their shipments remain unaffected so far. Nearly 96 per cent of India’s container traffic has already shifted to the Cape of Good Hope route.

 

From automobile majors like Bajaj to textile industry players, most sectors are now targeting the US, European, and African markets via this alternative route, amid the ongoing instability in West Asia. According to industry players, the minimal Indian cargo navigating through the Strait of Hormuz and Red Sea has not faced any disruption so far.