Freight costs continue to be a burden for MSME exporters
MSME exporters in India are struggling with significantly increased freight costs caused by geopolitical tensions in West Asia. Industry leaders report that these rising costs, combined with higher raw material prices, are severely impacting profit margins.
Why it matters
The financial strain on MSMEs threatens the stability of small-scale manufacturing and export sectors, which are vital to the national economy.
For the exporters in the Micro, Small and Medium-scale Enterprises (MSMEs) segment, freight costs that went up because of the U.S.-Iran-Israel war continues to be a burden.
The article presents the economic challenges faced by businesses using quotes from industry representatives.
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