Profit margins are being squeezed and planning delivery schedules has become complicated as everything has been impacted from booking containers to inventory management inform exporters. The heightened seasonal demand for goods in the international market, particularly US and EU, has exerted additional strain on the already overburdened shipping lines. For exporters from Indore, a prominent MSME cluster, exporters are required to plan their shipments 15 days in advance, as compared to a week earlier. Pharmaceutical products, engineering goods, grains, confectionery, oil meals, and aluminium products are among the primary export items from Indore.
Exports from Madhya Pradesh in the first quarter of 2024 experienced a 5 per cent year-on-year surge, reaching Rs 16,155 crore, with Indore contributing the highest exports during the period, primarily driven by pharmaceutical and engineering goods, according to official data. The primary export destinations were the USA, Bangladesh, UAE, France, and the Netherlands.
