Indian leather orders at risk in Israel/Hamas conflict
Businesses in Kanpur have expressed their concerns over a lack of payment from customers in Israel relating to products such as safety shoes and boots, bags and saddles.
Many orders are ready out for shipment but cannot be sent because of the escalating conflict. Other manufacturers have reported that orders have been delivered but payments have not been released due to ongoing tensions.
Alok Srivastava, Assistant Director of the Federation of Indian Export Organisation, said that the conflict will lead to a crisis in exports to European countries and that losses will continue to increase if the situation continues.
Credit: CNBC TV 18