Mundra Port, operated by Adani Ports and Special Economic Zone Ltd (APSEZ), achieved a new cargo handling record, surpassing 16.1 million metric tonnes (MMT) in October, marking the highest volume ever handled by an Indian port. It also set a new milestone by handling 4.2 million TEUs of containers in just 203 days
Mundra Port sets new record of handling cargo volumes of 16.1 MMT in October
The demand for warehousing has shown resilience marked with growth in lease rentals for logistic spaces across top eight markets during the half year ended September. While occupier traction seems to have taken a pause in the current analysis period, rent growth across markets has been relatively healthy during the period since March.
It is the largest port in the country with 102 MMT of cargo handled so far this year with a good 9 per cent year-on-year growth. The port crossed the 100 MMT mark in 210 days, surpassing the record of 231 days last year.
The meetings, themed ‘Expanding Your Business Globally with SAIF Zone’, are scheduled to take place on November 7-8 in Chandigarh, a release said here on Sunday. he B2B (business-to-business) meetings aim to provide city-based industrialists with a deep understanding of the benefits of establishing businesses in the free trade zones of the UAE and how […]
Restrictions, PLI, mandatory quality norms help cut import of certain non-essential goods
2 years ago
Various steps such as inbound shipments of certain goods, production-linked incentive scheme and mandatory quality norms have helped in reducing import of non-essential products. To cut imports, the government has increased customs duty on gold, imposed curbs on inbound shipments of television, levied minimum import price on some goods, introduced National Food Security Mission (Oilseeds […]
Sonowal said measures like guaranteed berths to cruise ships encourage cruise operations. Volume discounts in cruise tariff up to 30% for domestic cruise ships and licensee fee waivers for foreign cruise vessels have already improved prospects. “As a result of these initiatives, from 102 cruise calls and 84,000 passengers handled in 2013-14, we went up […]
APSEZ delivers record cargo volumes in October
2 years ago
Overall, in the initial seven months of FY24 (April-October 2023), APSEZ handled 240 MMT of total cargo, an 18% Y-o-Y growth. Across its ports in India, the recorded year-on-year volume growth for the company was 15%, the statement said.
FM Nirmala Sitharaman appreciates SBI for successfully launching direct Lankan-Indian Rupee trade
2 years ago
India’s Finance Minister, Nirmala Sitharaman, has praised the State Bank of India (SBI) for launching a direct Sri Lankan Rupee-Indian Rupee trade, making it the first foreign bank in Sri Lanka to do so. Sitharaman inaugurated the second SBI branch in Jaffna during her official visit to Sri Lanka. The initiative aims to provide an […]
Janet Yellen said that she along with President Biden will head Asia-Pacific Economic Cooperation (APEC) Leaders’ Week later this month in California.
On an official mission to India, Minister of Agriculture and Livestock, Carlos Fávaro, seeks to strengthen diplomatic relations and enhance ties of friendship between the countries through commercial and cooperation opportunities in the agricultural sector.