Indian exporters are worried about the earthquake in Thailand and Myanmar, especially Gujarat, which has close trading relations with both nations. Companies that deal with chemicals, textiles, and medicines worry about possible interruptions brought on by communication problems and damaged infrastructure that could affect payments and shipments.
India’s business community is alarmed by the big earthquake that devastated Thailand and Myanmar on Friday, March 28, especially in Gujarat, which has close trading relations with both nations. Exporters worry that shipments valued at crores could be impacted by interruptions to communication and infrastructural networks.
Gujarat has long-standing economic links with Myanmar and Thailand, with key exports spanning textiles, pharmaceuticals, and chemicals. According to the Gujarat Association, the state’s textile industry alone exports garments and grey fabric worth ₹600 crore annually to these markets.
Timber and wood exports, crucial for furniture manufacturing, may also be affected.
Former PDEXCIL chief Bharat Chhajed told CNBC Awaaz that he spoke with Myanmar’s industry minister, Dr Charlie Than, who confirmed significant damage in Mandalay. Many telephone lines are down, making communication difficult.
Exporters are bracing for shipment delays, payment disruptions, and logistical challenges. Chhajed warned that if the damage is extensive, orders from these countries could slow, payments may be delayed, and supply chains could be strained.
Business groups have urged the government to introduce relief measures to mitigate financial losses and ensure trade stability with Myanmar and Thailand.
