NOT A SMALL SHIFT
In January this year, US forces killed top Iranian general Qasem Soleimani in an air strike. The incident roiled global markets, but for Jaipur-based Adarsh Mahipal Gupta, who sells auto components under the Autopal brand, it came as a shock. Gupta had appointed a local agent in Iran to sell auto components there and shipped the consignment. The episode led to his payment getting stuck.
Just as the situation was improving in Iran came news about coronavirus outbreak in China. Gupta, who is Director (Finance and Marketing) in the family-run Autopal-MPG Group, recalled two of the company’s Indian staffers and laid off two out of four local employees in his Shanghai
