Inter-ministerial meet next week to discuss ways to insulate India's trade from Red Sea crisis
An inter-ministerial group, consisting of officials from various departments and ministries, is set to meet next week to discuss the impact of the Red Sea crisis on India's trade. The recent attacks by Yemen-based Houthi militants have disrupted the shipping route through the Bab-el-Mandeb Strait, prompting shippers to take a longer route through the Cape of Good Hope, leading to delays and increased costs.
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