more-inIndia’s engineering exports to Qatar have been hit by the geopolitical situation arising out of the isolation of the West Asian country by other regional powers, according to the Engineering Export Promotion Council (EEPC) of India. “Inputs from our engineering exporters indicate that shipping lines operating between India and Doha are keeping the containers on hold,” the trade’s apex body said in a statement. As a consequence, banking channels, particularly in Doha and some other parts of the region, had also been disrupted. West Asia is among the key destinations for Indian engineering exports, accounting for 13% of India's total engineering exports. Shipments worth $8.18 billion were destined for the countries in the region, EEPC India said.

Source: The Hindu June 14, 2017 15:50 UTC