Vadhavan Port in Palghar district, operational by 2030, will cost Rs 76,220 crore and connect via the DFC. Supporting IMEC, it will handle 23.2 million TEUs by 2040. Challenges include proximity to Tarapur nuclear plant and relocating fishing activities. This 2019 initiative, highlighted by Amitabh Kant, boosts India’s trade.
High watermark: Why is India building its biggest port ever?
PM Modi speaks to UK counterpart Starmer, both agree to work for early free trade agreement
1 year ago
Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election.
Mango exports from Malda, West Bengal faced challenges this year as overseas buyers couldn’t agree on prices, leading to a surge in domestic sales. Production dropped by 60% due to adverse weather conditions. Himsagar mango variety highly valued. Government support needed for growers.
The Labour Party gained a landslide majority in Thursday’s parliamentary elections and dealt a bruising defeat to incumbent Rishi Sunak’s Conservative Party. “Smooth transition of current talks will take place as the Labour Party has shown support to the trade deal with India,” said Sachin Chaturvedi, Director General, Research and Information System for Developing Countries. […]
The India-UK FTA talks began in January 2022 but were stalled in the 14th round as both countries stepped into their general election cycles this year. India saw the new government in the first week and on Friday, it was the UK’s. “There is no question in my mind that India will continue to be […]
India-UK FTA: Keir Starmer’s Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer’s manifesto pledges to pursue a “new strategic […]
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India’s shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels […]
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
The city state is India’s strategic partner in Southeast Asia and the financial hub for the Indo-Pacific region. It has a free trade agreement (FTA) with Eurasian Economic Union (EAEU) and is exploring the establishment of a trade and transit corridor with Kazakhstan, in which the Chabahar port would be a key link between SE […]
In the upcoming budget, key priorities for the export sector include boosting e-commerce exports through streamlined policies and infrastructure enhancements. Additionally, there is a push for Production Linked Incentive (PLI) schemes aimed at revitalising sectors such as toys and leather goods, fostering competitiveness and export growth.