Simplified Trade Finance
Recently, when the European Union announced its plan to impose the carbon border tax on imports from countries such as India that do not have strict climate-related norms, the proposal garnered global attention.
On an average, 16,000 tons of frozen shrimp from around 1,000 containers exported from India were stranded at the Chinese ports earlier this week.
The supply chain bottlenecks, shortage of raw materials, higher shipping charges, pent-up demand from western markets, and the inability of businesses to restock inventories appear to be collectively surging inflation fears, claim experts.
In a bid to improve economic competitiveness, reduce congestion and logistics costs, the policymakers recently announced their plans to devise a network of freight smart cities.
The Minister of State for Micro, Small, and Medium Enterprises (MSMEs), Pratap Chandra Sarangi, recently said it is crucial for the MSMEs to integrate with the global value chains.
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