Pankaj Gupta, President of the Industries Association Uttarakhand (IAU), stated on Tuesday that industries in Uttarakhand are experiencing rising input costs and export disruptions as a result of the ongoing conflict in the Middle East.<\/p>\n
Speaking exclusively to ANI, Gupta explained that the situation is affecting supply chains and production expenses. \u201cThe ongoing war in the Middle East is impacting both supply and input costs. On the input side, costs have increased, while exports to the Middle East\u2013particularly in sectors like pharmaceuticals, food processing, and handicrafts\u2013have been disrupted, with no new orders coming in,\u201d he said.<\/p>\n
He also pointed to logistical difficulties linked to the conflict. \u201cShipments are being diverted from their usual routes, leading to higher logistics costs and increased transit time,\u201d Gupta added.<\/p>\n
The effects are notably felt in industrial clusters across the Dehradun district, especially in the Mahobewala and Selaqui areas, where multiple units engage in export-oriented manufacturing.<\/p>\n
In a related development, President Donald Trump remarked that the United States could secure Iranian oil amid escalating conflict in West Asia. Responding to a question about securing Iran\u2019s oil during a White House press briefing, Trump commented, \u201cif I had my choice, I\u2019m a businessman first.\u201d He referenced US interactions with Venezuela to support this perspective.<\/p>\n
\u201cIf I had my choice. Yeah, cause I\u2019m a businessman first. We are a partner with Venezuela, and we\u2019ve taken hundreds of millions of barrels,\u201d he said.<\/p>\n
Trump suggested a shift from US policy towards benefiting from wartime gains, stating, \u201cYou know that to the winner belong the spoils. Go for the spoils. I\u2019ve said why don\u2019t we use it to the victor go the spoils. We haven\u2019t had that in this country, probably in a hundred years. We didn\u2019t have it with the Second World War. We helped rebuild all those countries,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Pankaj Gupta, President of the Industries Association Uttarakhand (IAU), stated on Tuesday that industries in Uttarakhand are experiencing…\n","protected":false},"author":2,"featured_media":367254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-367253","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/367253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=367253"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/367253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/367254"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=367253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=367253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=367253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}