Problems in Red Sea will have no impact on India's maritime trade: Shipping secretary Ramachandran
The ongoing Red Sea conflict will have "no impact" on India's maritime trade with the rest of the world, claimed Shipping and Waterways secretary T K Ramachandran. The Bab-el-Mandeb Strait is an essential trade route that connects the Mediterranea...
Asked will the Red sea developments have any impact on India's maritime trade, he said, "no impact".
The strait, vital for 30 per cent of global container traffic, has seen increased tensions with various incidents in 2023, including attacks and military manoeuvres by regional and global powers.
The Bab-el-Mandeb Strait, also known as the "Gate of Tears" in Arabic, is a crucial trade route that connects the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. It separates Africa from the Arabian Peninsula.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.