- A strong earthquake in Myanmar and Thailand on March 28 has raised concerns for Indian exporters.
- Gujarat, a major exporter to these nations, may see trade losses worth crores due to infrastructure damage.
- Industries like textiles, pharmaceuticals, chemicals, and timber could be severely affected.
How Bad Could the Impact Be?
The earthquake has disrupted trade routes and communication networks, making it difficult for Indian exporters to stay in touch with their partners in Myanmar and Thailand. Gujarat, which exports textiles worth ₹600 crore, pharmaceuticals worth ₹2,100 crore, and chemicals worth ₹100 crore to these countries, is particularly vulnerable.
Reports from Myanmar suggest that Mandalay has suffered major damage, and telephone lines are down, making business communication nearly impossible. Exporters fear shipment delays, payment issues, and logistical hurdles in the coming weeks. If the damage is severe, businesses may struggle to fulfill orders, causing a ripple effect on supply chains.
What’s Next for Indian Exporters?
Business groups have urged the government to step in with relief measures to minimize financial losses. Exporters hope for support in navigating this crisis and ensuring trade stability. The full extent of the impact will become clearer in the coming days, but for now, Indian businesses are bracing for a tough road ahead.
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