JSW Infrastructure incorporates JSW JNPT Liquid Terminal Pvt Ltd in Mumbai for a port project at JNPT, Maharashtra. The subsidiary received a Letter of Intent for equipping, operation, maintenance, and transfer of liquid cargo berths LB3 and LB4. The LoI requires the incorporation of a special purpose vehicle within 30 days to fulfil the stated […]
JSW Infrastructure incorporates arm to execute project at JNPT
Shrinking global palm oil supplies bring India’s palm oil imports down; may boost prices, says SEA
2 years ago
The year-on-year import of vegetable oils in February 2024 is down by 13 %, whereas the overall imports of vegetable oils during the first four months of the oil year from November 2023 to February 2024 are down by 21%, said SEA in a statement.
In its report, done in collaboration with the Foundation for Economic Development, the Aayog has proposed a series of measures including boosting e-commerce exports, creating a comprehensive trade portal, promoting ease of merchandise exports, improving access to export finance and creation of one stop information channel for exporters.
India, Dominican Republic ink trade protocol
2 years ago
India primarily imports gold from the Dominican Republic and exports pharmaceuticals, marine products, motor vehicles, two and three wheelers to them.
India’s vegetable oils import fell 13% YoY to 9.75 lakh tonne. Solvent Extractors’ Association of India stated that edible oils and non-edible oils imports decreased. Palm oil availability declined due to diverting it for biodiesel production.
In the low season, global logistics industry negotiates long-term contracts. Game theory is involved. War, pandemics, and financial crises affect shipping. Buyers consider availability of long-term capacity and excess capacity. Shipping rates remain high. Buyers and sellers face the choice of following consumer demand or relying on sentiment.
Modi and Sunak welcome progress in FTA talks
2 years ago
Both leaders reaffirmed their commitment towards strengthening the bilateral comprehensive strategic partnership, a statement in New Delhi said. A Downing Street readout of the call noted that Sunak and Modi agreed on the importance of securing a “historic and comprehensive deal”.
“We reaffirmed our commitment to further strengthen the bilateral comprehensive strategic partnership and work for early conclusion of a mutually beneficial free trade agreement,” PM Modi said in a post on X on Tuesday.
The tanker was carrying gasoline-blending fuel known as alkylate for Reliance Industries’ U.S. unit from a refinery in Jamnagar in Gujarat state, according to the sources, who added the extent of damage was not yet known.
India will have option to withdraw duty concessions if USD 100 bn investment commitment not met by EFTA
2 years ago
India can suspend customs duty concessions on EFTA country goods if the European nation bloc fails to meet its USD 100 billion investment obligations. The agreement includes an investment promotion and cooperation chapter with a three-stage consultation procedure and an investment sub-committee. India will ensure a favourable investment climate.