Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.
Shapoorji Pallonji Group to merge port holding cos
Jawaharlal Nehru Port reported a 16.49% increase in container traffic with 596,790 TEUs handled in September 2024, compared to the previous year’s 512,316 TEUs. Total port traffic rose 6.14% to 7.38 million tons. The port attributes its consistent growth to efficient terminal operations aligned with international standards.
Indonesia plans to extend the duties by two years till November 2026, a move that may further hurt India’s exports of the product to the island nation. The safeguard duties were first imposed in 2018 and India’s exports of ceramic products to Indonesia have declined 65% between FY20 and FY24. “The result of the consultations […]
Escalating US-China trade tensions could boost India’s exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.
Indian and European regulators are working to resolve clearing house oversight issues. If not resolved by October’s end, European banks must set up provisions with Indian custodians. This dispute, triggered by ESMA’s withdrawal of recognition from Indian CCPs, might disrupt significant trading. Talks continue in a constructive manner with potential solutions being explored.
Healthy order inflows and rising demand are expected to boost revenues of Tamil Nadu’s readymade garment exporters by 8-10% to Rs 43,000 crore this fiscal, driven by a significant export share. Improvements in operating profitability and realizations, supported by favorable government policies and stable yarn prices, will also contribute.
The National Logistics Policy, unveiled in September 2022, has set goals to optimise India’s logistics landscape. It has focused on increasing the share of railways in the freight movement (currently at 18 per cent) through the development of dedicated freight corridors (DFCs), improving road infrastructure, and expanding inland waterways.
Indian manufacturing has seen slow growth under Modi’s ‘Make in India’ policy. The focus on reducing imports rather than boosting exports has led to stagnation. Export-driven sectors like mobile phones thrive, but others lag due to protectionist measures. The government needs to shift priorities to enhance productivity and global competitiveness through better logistics and public-private […]
India has approved a 101 billion rupee ($1.2 billion) initiative to double edible oil production within seven years, aiming to reduce reliance on imports. The program will boost oilseed productivity using high-yield varieties and advanced technologies, targeting a production increase from 12.7 to 25.45 million metric tons by 2030-31.
India regards the United States as one of our most reliable trade partners: Piyush Goyal
2 years ago
US-India relations are growing in trade, technology, and investment. Union Minister Piyush Goyal emphasized the importance of these ties. Recent MoU on critical minerals, regular trade forums, and high-level meetings highlight this partnership. The focus is also on reskilling technical personnel for AI collaboration. Both nations engage frequently, transcending politics.