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Iran-Israel War Disrupts Noida Exports: Weavers to Large Businesses Fear 20% Loss
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Iran-Israel War Threatens Noida Exports: 20% Business Loss Feared
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News18
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02-03-2026, 16:44
Iran-Israel War Threatens Noida Exports: 20% Business Loss Feared
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The Iran-Israel war is impacting Noida's textile markets and trade, with fears of a 20% business loss.
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Rising crude oil prices due to the conflict will increase diesel and petrol costs, affecting transportation and overall trade.
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Dubai, a 'gateway' for Noida's textile exports to Iran, Iraq, and South Africa, faces reduced tourism and consumption.
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India imports crude oil, petrochemicals, dry fruits, fruits, fertilizers, and special glass utensils from the Middle East.
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Indian investments in Dubai's real estate, accounting for 62% of total investment, are at risk if the war prolongs.
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