It will modernise and expand the existing ship repair capabilities of CSL and aspires to transform Kochi as a global ship repair hub and align with the Prime Minister’s vision of creating ship repair clusters in India. The Indian Oil’s LPG Import Terminal at Puthuvypeen, Kochi, built at an investment of Rs 1,236 Crores, boasts […]
Kochi gears up as shipbuilding hub as PM set to dedicate new projects
Shipping Ministry constitutes high-level task force to oversee establishment of Indian Maritime Centre
2 years ago
The Ministry of Ports, Shipping, and Waterways (MoPSW) has constituted a high-level task force, chaired by the additional secretary of MoPSW, to oversee the establishment of the Indian Maritime Centre (IMC). The task force will provide policy direction for the formation of IMC and will include representation from the domestic maritime ecosystem.
UN bars Indian rice exporters from WFP
2 years ago
However, it has been shipping rice to friendly and neighbouring nations such as Indonesia, Senegal, Gambia, Nepal, Bhutan, Sri Lanka, Maldives, Malaysia, Indonesia, Vietnam and Iran on a government-to-government basis. This is being facilitated by the National Cooperative Exports Ltd (NCEL), a government export body which was set up under the Multi-State Cooperative Societies (MSCS) […]
India is set to adopt a firm approach in dealing with non-tariff barriers imposed on Indian exports by other nations, and will reciprocate with similar measures, according to Commerce and Industry Minister Piyush Goyal. During a recent address, he urged the industry to provide a comprehensive list of these barriers, allowing India to raise the […]
EEPC believes that entering into more free trade agreements, especially with countries in Latin America and Africa, would provide exporters with deeper access to new and emerging markets, Engineering Export Promotion Council of India Chairman Arun Kumar Garodia said.
India keeps edible oil import duty lower until March 2025, imposes 50% export tax on molasses
2 years ago
India has extended lower import duty on edible oil by a year until March 2025, extending the lower duty structure on crude palm oil, crude sunflower oil, and crude soy oil. The decision was expected to keep prices in check ahead of elections. The government also imposed a 50% duty on exports of molasses, a […]
Russia’s Northern Sea Route emerges as key connectivity initiative in Indo-Pacific region
2 years ago
In 2023, cargo shipments along the Northern Sea Route (NSR) reached a record-breaking 36.254 million tons, exceeding the federal project target set by Russia’s nuclear entity, Rosatom. This achievement was noted before the year’s end, with partner companies, including NOVATEK, Gazprom Neft, LUKOIL, and Nornickel, contributing significantly.
India and Iran have reached a final agreement on India’s first foreign port project, Chabahar Port. The new long-term agreement will replace the original contract, valid for ten years and automatically extended. External Affairs Minister S Jaishankar is on a two-day visit to Iran, discussing establishing a long-term cooperation framework and views on the International […]
Majority of the issues in the proposed FTA between India and the UK are either finalised or at an advanced stage of talks, according to a government official. The 14th round of negotiations is currently underway. Talks are also progressing on the proposed BIT. Meanwhile, the seventh round of talks for the proposed trade deal […]
Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November.