It is the year 2016 and the Indian Shipping and Freight industry will undergo a lot of changes, some short term while others may be forever. Here we look at seven major events which will change the industry.
1. China’s Slow down
In a nutshell our exports to China will reduce and with cheaper Chinese imports our domestic companies will be hit. However, there is a positive side to it as well, this is making India a more attractive destination for manufacturing. In addition to electronic components, consumer electronics, electrical, equipment, industrial machinery and chemicals, India is also one of the largest markets for project exports from China.
Now, if you are in the freight business, strong in China, you should start focussing on the project exports business from China :).