Visakhapatnam - Commerce and Industry Minister Piyush Goyal on Friday defended a market-driven approach to freight and shipping rates, stating that government regulation of freight charges could create unintended consequences, even as exporters face mounting logistics costs amid geopolitical tensions in West Asia.
Speaking at the National Workshop on Seafood Exports in Visakhapatnam, Goyal said the government is supporting exporters by helping mitigate the impact of rising freight and insurance costs caused by disruptions in the Strait of Hormuz and the wider West Asia region.
He noted that freight rates had remained unusually low for . . .
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