Iran-Israel War Threatens Noida Exports: 20% Business Loss Feared

• The Iran-Israel war is impacting Noida's textile markets and trade, with fears of a 20% business loss.
• Rising crude oil prices due to the conflict will increase diesel and petrol costs, affecting transportation and overall trade.
• Dubai, a 'gateway' for Noida's textile exports to Iran, Iraq, and South Africa, faces reduced tourism and consumption.
• India imports crude oil, petrochemicals, dry fruits, fruits, fertilizers, and special glass utensils from the Middle East.
• Indian investments in Dubai's real estate, accounting for 62% of total investment, are at risk if the war prolongs.