Container shortages have affected most economies with the unprecedented rise in freight rates as well as shortages everywhere. India had to deal with China’s geopolitical ambitions. unlike past India stood up to China and also banned imports from china. As imports from China declined India like most economies in the world started facing a container crisis. Apart from China Factor, the global trade lanes grew differently leading to containers struck at various ports which faced lockdowns and thus labor shortages leading to an enormous mismatch in the supply and demand of containers.
As far as India is concerned it is important that we take into account a few factors while deciding our future manufacturing policy under atmanirbhar. first, the Threat from China is going to stay the recent Chinese decision to the built dam on the Brahmaputra is a case in point. Two, Due to the global shift in manufacturing the trade lanes and trade partners will change. Third, as a fallout of second India will be an attractive destination for manufacturing for global markets leading to an increase in demand for containers…..
It is great to see that Government and businesses are deciding to produce containers for this transition. India is bound to gain and grow ♦♦♦♦♦