High cost of containers to impact India’s exports: TPCI

It said that new records have been hit in container freight spot rates of all carriers and further rise is expected this month. Increasingfreights would push the overall cost of domestic goods in the international markets, which would make it less competitive and hurt the country’s merchandise exports, Trade Promotion Council of India TPCI ) said on Tuesday.”The industry is worried that if this situation persists, there can be a 5 per cent to 8 per cent increase in the cost of goods from India.