Iran-US Tensions Drive Up Freight Costs, Hitting Faridabad Exporters

Rising international freight rates due to Iran-US tensions are severely impacting Faridabad's industrial sector, with exporters facing mounting losses and disrupted supply chains. The escalating military and trade conflict has increased raw material costs and delayed order deliveries, particularly affecting exports to Middle Eastern countries. Industrial units in auto parts, machinery, textile, and light engineering sectors are experiencing financial strain and reduced orders. Local entrepreneurs report that new orders have stopped due to uncertainty in West Asia, with some warning that small units may close if peace is not restored soon. They are urging government intervention to address logistics and shipping challenges.