Spike in freight costs to hit exporters
The sharp rise in freight rate would impact medium and small entities, Ind-Ra’s Soumyajit Niyogi said. File | Photo Credit: C.V. Subrahmanyam A recent four-fold spike in container freight costs, could hit Indian exporters’ profit margins and enhance their working capital requirements through 2024-25 if there is no respite soon, with smaller players likely to face…