Almost 20% of orders being cancelled in India due to COVID-19
Sat 18, 2020
Covid-19 caused exporters to bleed with more than 15-20% of orders being cancelled and a substantial amount of funds being locked up due to the inability of major buyers in the US, Europe and West Asia to pay duties, causing them to pursue government bailouts.
The only exception to this seemed to be food and farm products is strong demand for important goods. However, the availability of containers and packaging materials and machinery, along with the certification needed for items such as spices to be shipped to Europe, poses challenges.