AHMEDABAD: Exporters in India are grappling with a surge in costs due to Houthi attacks on shipping in Red Sea, which has led to a sharp increase in cargo insurance premiums. Some products have seen increase as high as 500%, while the average insurance premium is now 60% higher.Reasons for increase is heightened risks in the region, prompting insurers to raise premiums for vessel insurance. Consequently, Indian exporters, particularly those in Gujarat dealing in chemicals, textiles,…
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Exporters suffer as Houthi attacks make vessel cover costlier | India News
