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CII Reports West Asia Conflict Causes Shipment Delays, Raw Material Shortages for Indian Firms
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West Asia Conflict: Indian Firms Face Shipment Delays, Raw Material Shortages, Says CII
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CNBC TV18
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22-03-2026, 16:37
West Asia Conflict: Indian Firms Face Shipment Delays, Raw Material Shortages, Says CII
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Indian companies are experiencing disruptions like shipment delays and raw material shortages due to the West Asia conflict, according to CII.
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CII Director General Chandrajit Banerjee noted 'downstream effects' impacting key maritime routes and global supply chains.
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The conflict has pressured energy markets, imports, and exports, affecting manufacturing and other industries.
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Despite challenges, CII states India is better positioned to absorb external shocks due to structural reforms and Atmanirbhar Bharat.
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The Indian government's response has been 'quick, calibrated and continuous,' including crude oil diversification and export facilitation.
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