The nationwide lockdown has choked up Indian ports amid a shortage of workers to unload and transport goods, posing a massive challenge to the country’s trade, industry officials said on Thursday.
Nearly 90% of India’s exports and imports by volume and 70% by value are routed over the oceans, including products ranging from chemicals for use in agriculture, components for electronic products to automobiles.
That means a bulk of Indian industry and manufacturing will be grappling with weeks and months of uncertainty on sourcing of raw materials and export of goods, even after the current lockdown is fully lifted. “If you don’t release the space, then you can’t work.