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EquityWireIncreased Costs: West Asia war may hurt availability, pricing of petrochemical inputs - govt
Increased Costs

West Asia war may hurt availability, pricing of petrochemical inputs - govt

This story was originally published at 20:04 IST on 10 April 2026
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Informist, Friday, Apr. 10, 2026

 

MUMBAI – The conflict in West Asia may hurt the availability and pricing of key petrochemical inputs such as polymers and resins due to supply chain disruption. This can lead to increased costs for packaging materials across sectors, the government said Friday after holding a meeting among senior officials from the commerce and shipping ministries, port authorities, shipping agencies, export promotion councils, industry representatives, and other stakeholders.

 

"Sectoral inputs (from industry participants) highlighted that stress in supply chains, logistics constraints and rising input costs can impact industries such as apparel, leather, telecom/optical fibre and medical devices," the government said in a release. Commerce Secretary Rajesh Agrawal and Shipping Secretary Vijay Kumar chaired the meeting.

 

The commerce secretary emphasised the ongoing endeavour of the government to ensure uninterrupted availability of critical raw materials and maintain production continuity. He emphasised the need to undertake time-bound assessments of key packaging inputs, including mapping domestic production capacity and identifying import dependencies. He mentioned that a structured monitoring mechanism for tracking export-import trends and sectoral stress indicators on a weekly basis will also be instituted. Regular consultations with industry and export promotion councils will continue to identify emerging challenges and facilitate timely interventions.

 

After the meeting, the government directed all ports and terminal operators to take immediate action to enhance transparency and operational efficiency. These measures include publication of concessions and waivers provided to cargo and vessels, review of bunker fuel availability, and expedited evacuation of stranded containers, reinforcing efficiency across the system.  End

 

Reported by Krity Ambey

Edited by Ashish Shirke

 

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