Suez Canal Incidents: Over 300 vessels have opted for a 6,000 nautical mile diversion around the Cape of Good Hope in recent days. Consequently, transit durations, shipping costs, and insurance premiums have risen, posing a potential disruption to global production timelines. With the Houthi assault in the Red Sea looming over world trade, what solutions […]
Saving Suez: As Red Sea attacks threaten global trade, what it means for India
The main vision for developing the island aims “to capture the locational advantage of being on international sea route and develop Great Nicobar as a sustainable, green, global hotspot for business, trade and leisure”, according to a document from the Pollution Control Committee of the union territory.
The Indian government has extended the zero import duty on masur dal (lentil) until March 2025 to maintain a stable supply and control domestic prices. The exemption, along with a 10% agri-infra cess, was set to expire in March 2024. The move aims to provide a clear signal to farmers in producing countries and encourage […]
India has strongly objected to efforts of certain countries to push a proposal on investment facilitation at the WTO, saying the agenda falls outside the mandate of the global trade body and cannot be deliberated in formal meetings. According to the statement of the Indian delegation in a meeting of the General Council of the […]
While the margin profile may vary widely across players operating in different segments, CRISIL said the average operating margin may continue to moderate to 33-35 per cent in the next fiscal driven mainly by the correction in charter rates.
DB Schenker India signs pact with CONCOR
2 years ago
The two organisations will provide a bouquet of services to customers, helping them further improve ‘ease of doing business,’ Sanjay Swarup, chairman and managing director of CONCOR, said.
Moreover, overall exports face a shortfall of about $4-5 billion this year after India curbed exports of wheat, rice and sugar amid rising prices though the growth in exports of other farm commodities will offset the export deficit.
India’s exports are displaying increased resilience to shifts in global demand and relative prices, according to the Chief Economic Adviser’s office. In a collection of essays released, it highlighted a growing trend in the export of high-value goods and a rise in participation in the manufacturing global value chain (GVC).
India might face a $4 to $5 billion drop in exports due to restrictions on wheat, rice, and sugar trade, aiming to control local prices. Attacks in the Red Sea might affect basmati rice shipments. To cope, India could use an African route, but ongoing attacks might raise rice prices by 15% to 20%
The Apparel Export Promotion Council (AEPC) has announced that a free trade agreement with Oman, known as the Comprehensive Economic Partnership Agreement (CEPA), will boost apparel exports in the Gulf nation. The agreement, which is currently being negotiated, is expected to significantly boost bilateral trade between the two countries.