Indian firms ramp production to meet revived Middle East demand
Indian companies are stepping up production and securing more shipping space to meet a revival in Middle East demand after a recent peace agreement.
fast-moving consumer goods (FMCG) brands, carmakers, and construction equipment makers are all getting back on track, aiming to recover exports that were hit during the conflict.
Exporters boost Gulf shipments over 90%
With freight prices dropping, exporters like AWL Agri Business, Dabur, and Parle Products have boosted their Gulf market output from about 50% during the conflict to over 90% now.
Maruti Suzuki is also restarting exports.
AWL's Angshu Mallick expects staples like basmati rice and edible oils to get cheaper as shipping normalizes.
Companies see big chances in Saudi Arabia, Iran, and Iraq as supply chains bounce back, and JCB India is gearing up for higher demand thanks to reconstruction projects across the region.