Navigating the Hormuz Strait Crisis: How India's SMEs Struggle to Stay Afloat
The blockade of the critical Hormuz Strait has had a severe impact on India's small and medium-sized enterprises, particularly in Kerala's spice trade and Morbi's ceramics industry. Explore the challenges these businesses face and potential solutions.
The ongoing crisis in the Hormuz Strait, a critical global shipping route, has had a cascading effect on India's small and medium-sized enterprises (SMEs), particularly in the southern state of Kerala and the ceramics manufacturing center of Morbi. As tensions in the region escalate, these businesses are struggling to navigate the turbulent waters and find ways to mitigate the impact on their operations.
Spice Hub Kerala Feels the Squeeze
Kerala, renowned as India's spice hub, has long been a thriving center for the export of essential spices like pepper, cardamom, and turmeric. However, the blockade of the Hormuz Strait has disrupted the flow of these vital commodities, leaving many small-scale traders in the lurch.
Source: Deutsche Welle
