Ministry of Commerce

The Commerce Ministry on March 26 came up with a four-point plan to tackle the Suez Canal blockade including cargo, freight rates, advisory to ports, and re-routing of ships. Reportedly, Indian export bodies FIEO, MPEDA, APEDA will identify and prioritize the shipment of perishable cargo with the help of shipping lines. Notably, the canal blocked since March 23 has disrupted the global trade, as over 200 vessels are waiting on either side. … read-more