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Date: 20/12/2024

India’s trucking industry impacted due to B’desh turmoil 

India’s trucking industry is reportedly facing a whopping loss of Rs 10 crore each day with export shipments to Bangladesh falling in the wake of rising tensions between the two South Asian nations. According to Sajal Ghosh, Secretary, Federation of West Bengal Truck Operators’ Association, around 45% of land-based exports to Bangladesh has stopped due to the political and financial crises in that country. As exports declined, demand for trucks has also fallen. It is a major financial blow. According to exporters, India’s shipments to Bangladesh have been hit badly due to uncertainty and delay in payments. There have been some recent cases where exporters have not received payments from Bangladeshi importers. Due to this, a significant volume of land-based exports has stopped, causing a drop in demand for trucks, said a report. 
 
source: Exim News Service: Kolkata, Dec. 19



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