The proposed six-month closure of Shiradi Ghat a major link between the coast and Bengaluru would cause huge revenue losses to the state in terms of cargo flowing to the New Mangalore , the gateway ofKarnataka<\/u>.<\/p>\n
New Mangalore Port Trust (NMPT) says export-import traders, Karnataka state andNMPT<\/u>itself could lose up to 50% of the cargo flowing in through National Highway-75 to other states. It says exporters and importers will face huge losses due to increased transportation cost, which will make their goods dearer in international markets denting future orders.<\/p>\n
The presentation, given to the Kanara Chamber of Commerce, says a closure negatively impacts movement of essential commodities.<\/p>\n","protected":false},"excerpt":{"rendered":"