Industry leaders, government officials, and international experts will discuss India’s export control systems for sensitive goods and technologies at the National Conference on Strategic Trade Controls (NCSTC) on January 30. The conference will focus on India’s trade control for dual-use goods, software, and technologies known as Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET).
Government, industry to discuss trade regime of sensitive goods, tech on January 30
The Global Trade Research Initiative (GTRI) warned that longer disruptions at the Red Sea trade route can harm manufacturing lines of sectors like electronics, automobiles, chemicals, consumer goods, and machinery. Just-in-time manufacturing processes are particularly vulnerable due to low inventory levels and reliance on timely arrivals. Disruptions in the Suez Canal can lead to delays […]
Exports from Kolkata port may be hit due to soaring freight rate, rice ban, geopolitical turmoil
2 years ago
Exports from Kolkata port, a key gateway to eastern India, are facing challenges such as geopolitical tensions, a government-imposed rice export ban, and soaring ocean freight costs. Key export items like engineering goods, shrimp, and rice have been impacted. Freight charges, especially for West Coast destinations, have surged by 30-50% since December 2023 due to […]
The ongoing crisis around the Red Sea shipping route, resulting from Houthi attacks on commercial vessels, may impact various industries in India. The Red Sea route via the Suez Canal accounts for 50% of the country’s exports and 30% of imports. Sectors like agricultural commodities and marine foods, due to perishable goods and lean margins, […]
UNCTAD has expressed deep concerns about the global trade disruption caused by the ongoing Red Sea crisis. The organization emphasized the adverse impact on developing nations, warning of repercussions on global food prices due to longer cargo routes and higher freight rates.
India’s growing economy requires strategic allocations for its logistics sector, including the development of multimodal terminals and increasing the rail share. Adoption of bi-modal technologies and zero emission trucks can help reduce emissions and lower operating costs. The focus should also be on improving logistics technology, such as digitizing customs clearance processes
India’s rice output is expected to drop this fiscal year for the first time in eight years, raising the prospect of New Delhi extending curbs on exports of the grain to control food prices in the lead-up to elections.
“The pomegranates were first processed at the pack house of Kay Bee Exports and then irradiated at the Irradiation Facility Centre (IFC) of Maharashtra State Agricultural Marketing Board (MSAMB) at Vashi in the presence of the US inspector to Florida in USA,” said MSAMB in a release.
Budget 2024: Exporters body seeks global shipping line, extension of manufacturing sop till 2027
2 years ago
The Federation of Indian Export Organisations (FIEO) has urged the government to develop a global shipping line in partnership with the private sector and provide tax incentives for research and marketing activities in the upcoming Budget. It also suggests extending the sunset date for commencing manufacturing and increasing weighted tax deductions for R&D.
On the other hand, players operating in sectors like textiles, chemicals and capital goods may not be immediately impacted because of better ability to pass on higher costs, or because of a weaker trade cycle, Crisil said.