”Guidelines for the green transition of inland waterway vessels will be introduced during the first meeting of the Inland Waterway Development Council (IWDC). The initial target is to support transition of 1,000 vessels, ferries and boats over the next 10 years under the programme,” Minister Sonowal said. This first IWDC is scheduled for January 8.
Scheme in works for greening of inland waterways vessels
Adani Ports and Special Economic Zone Limited has re-designated Gautam Adani and Karan Adani as Executive Chairman and Whole-Time Director & CEO, respectively, effective January 4. Ashwani Gupta will be appointed as Chief Executive Officer and Whole-Time Director for three years.
Problems in Red Sea will have no impact on India’s maritime trade: Shipping secretary Ramachandran
2 years ago
The ongoing Red Sea conflict will have “no impact” on India’s maritime trade with the rest of the world, claimed Shipping and Waterways secretary T K Ramachandran. The Bab-el-Mandeb Strait is an essential trade route that connects the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. It separates Africa […]
“The biggest policy push is seen in manufacturing exports, where India is slowly yet steadily moving up the value chain, and seeing greater diversification. Still, India’s largest goods exports themselves are highly reliant on imports,” said Rahul Bajoria, managing director, Barclays.
“The quantity of 8,606 MTRV raw cane sugar to be exported to USA under TRQ scheme from October 1, 2023-to September 9, 2024 has been notified,” the DGFT said, adding that the quota will be operated by Agriculture and Processed Food Products Export Development Authority (APEDA).
The government has prohibited the import of specific screws priced below Rs 129 per kg to boost local manufacturing. The Directorate General of Foreign Trade (DGFT) revised the import policy, making screws below this price threshold prohibited, except when their CIF value exceeds Rs 129 per kg.
Govt imposes ban on imports of cheap screws
2 years ago
The government has prohibited the import of specific screws priced below Rs 129 per kg to boost local manufacturing. The Directorate General of Foreign Trade (DGFT) revised the import policy, making screws below this price threshold prohibited, except when their CIF value exceeds Rs 129 per kg. The banned screws include various types such as […]
Allcargo Logistics is planning to cut costs by $30 million by the end of 2023-24 due to the ongoing slowdown in the global logistics sector. The company also aims to raise up to Rs 300 crore in equity funds for Gati, its express logistics business. Company’s chairman Shetty said the cost cutting would include a […]
The inflow to India through Petrapole reduced to 2141 passengers on December 31 from 2894 on December 21, Petrapole Land Port Manager Kamlesh Saini said. Binay Sinha, secretary of the Bangoan Chamber of Commerce, pinpointed the stark impact of the Bangladeshi elections on Bangoan’s three local markets: Taw Market, Motilal Market, and New Market.
Economic think tank GTRI has reported that economies like Europe, the UK, Oman and Peru are keen to establish free trade agreements with India due to the country’s rapidly growing market. The report suggests that such agreements can provide access to the Indian market with less or no import duties, giving companies an advantage in […]