Home / Knowledge / News / Ash clouds affect monthly $1 bn Indian goods exports
Ash clouds affect monthly $1 bn Indian goods exports
21
Apr '10
Thousands of businessmen, globally, are suffering due to volcanic ash clouds that continue to spread across the European skies.

According to Federation of Indian Export Organisation (FIEO), exporters are nervous about their huge losses and also fear delay in payments and large-scale cancellation of orders. Due to air travel crisis, it is expected that exports of high-end products from India worth $1 billion could also be affected.

Every year, exports worth $10 billion are sent by air via European air routes. Goods worth $1 billion are exported to the European Union (EU), every month,. This is likely to get affected, but it will only be known after evaluation. However, this problem will worsen if the crisis continues for long, opine experts.

Further more, bulk orders for low-cost goods are shipped whereas the high-end luxury goods and those easily perishable are sent by air cargo service from India. Exporters dealing with new clienteles are at the receiving end as they will lose business, delivery of goods will be rejected and order bookings will get cancelled.

While airspace over Germany, Netherlands, Spain and Ireland closed due to ash cloud, airports like Brussels, Charles De Gaulle, Frankfurt, Heathrow and Schipol, too were shut down.

Cargo costs have almost doubled owing to change in air route by a couple of airlines such as routing the flights via Athens and South Africa, thereby, charging higher cargo costs. Many consignments are also stranded due to delay in timely delivery.

According to Airports Council International (ACI) Europe, a total of 313 airports have turned redundant with over 63,000 flight cancellations since April 15. This had led to a near standstill of the intra-European mobility by air.

Fibre2Fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Top executives
Textile industry

The foremost issue is bridging the skill gap

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search