The ongoing conflict between Hamas militants and Israel is likely to impact India’s ambitions of playing a bigger role in global trade. The recently announced India-Middle East-Europe Economic Corridor (IMEEC) may be affected by the conflict, leading to concerns in the markets. Oil prices have surged, gold demand has increased, and Indian stocks have tumbled […]
India’s big G20-led trade ambitions likely under threat from Israel-Hamas conflict
Adani Ports has reassured investors that its Haifa Port in Israel is operational and insulated from the war between Israel and Palestine. The company stated that it is closely monitoring the situation and has implemented measures to ensure the safety of its employees. The Haifa Port contributes only 3% to Adani Ports’ total cargo volume.
Adani Ports stock tanks nearly 4%, co says Haifa port contributes only 3% of total cargo volume
2 years ago
Adani Ports and Special Economic Zone (APSEZ) clarified that the overall contribution of its Haifa port in Israel is only three percent of its total cargo volume. The company remains confident in its business performance despite the recent drop in stock prices. APSEZ operates the Haifa Port, which has caused investor concerns due to the […]
Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade Policy 2023 under which the government will recognise about 20,000 exporters as Status Holders, up from 12,518 exporters recognised earlier.
The Indian government is considering imposing a 25% duty on the export of molasses due to an expected decline in sugar production. The move aims to increase the availability of molasses for domestic distilleries, helping them meet the government’s ethanol blending target. India experienced a dry August, causing damage to the sugarcane crop in key […]
Exporter status certificates to be issued based on available electronic data: Commerce Ministry
2 years ago
These certificates provide certain privileges, including simplified procedures under foreign trade policy (FTP) and priority custom clearances on a self-declaration basis, exemption from compulsory negotiation of documents through banks, and exemption from filing bank guarantees for FTP schemes. Upon achieving prescribed export performance, status recognition as one, two, three, four and five-star export houses is […]
India and Peru will begin the next round of negotiations for a trade agreement on October 10. The agreement aims to promote bilateral trade and investments by reducing or eliminating customs duties on goods traded between the two countries. Discussions will cover various issues including rules of origin, trade in goods, customs procedures, and trade […]
Total gems and jewellery trade between India and Israel stood at USD 2.04 billion in 2022-23 as against USD 2.8 billion in 2021-22.
“Since berthing its first ship, MT Alpha on October 7, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition and impeccable execution, positioning itself as one of the premier and technologically advanced ports on the global map,” the company said in a statement.
India and Tanzania are set to sign 15 agreements covering various areas of cooperation during President Samia Suluhu Hassan’s visit to India. The visit aims to elevate bilateral relations to a strategic partnership and enhance trade and investment between the two countries. Tanzania expects an announcement on the extension of a water project, as India […]