Air cargo traffic declines by 40 per cent: DCBA

According to S Ramakrishna, President, DCBA and Immediate Past Chairman, FFFAI, “We have already witnessed nearly 40 per cent decline in air cargo traffic (both export and import) to and from China owing to the outburst of Coronavirus in that country. Impact on sea cargo is yet to be assessed. Majorly impacted segments are chemicals, electric & electronic items, fertilizers etc, which top the Exim trade basket between the two countries. However, this incidence could also gain for the exporter to enter new markets and on the imports alternate source could be developed.”