Prime Minister Modi inaugurates the Vizhinjam International Seaport in Kerala, India’s first transshipment hub, built with an investment of Rs 8,867 crore. Strategically located near major shipping routes, it aims to reduce reliance on foreign ports and rival Colombo and Dubai. The port features advanced infrastructure and AI-powered systems, marking a new era in India’s […]
PM Modi inaugurates Rs 8,900 crore Adani-built Vizhinjam Port to boost India’s presence in trade routes
Narendra Modi will inaugurate the Vizhinjam International Seaport in Kerala on Friday. This marks a significant step for India’s maritime presence. Adani Ports built the deep-sea port with government partnership. The project cost Rs 8,867 crore. Security is heightened after recent terror attacks. Opposition leaders are likely to boycott the event. They criticize organizers for […]
India and the UK are set to include an Investor-State Dispute Settlement (ISDS) mechanism in their upcoming investment treaty, sources told Reuters. This provision allows companies to sue either government if policy changes are seen to harm their investments or profits.
The US imposed tariffs on Indian imports, starting with 10% on April 5, 2025, escalating to 26% before a 90-day suspension on specific tariffs from April 10. As India and the US negotiate a trade deal, Indian exporters, particularly in sectors like machinery, pharmaceuticals, and textiles, face potential financial impacts.
India’s total exports reached a record $824.9 billion in FY25, driven by a surge in services exports, according to the commerce and industry ministry. Services exports hit a historic high of $387.5 billion, marking a 13.6% increase from the previous fiscal year. Despite global challenges, merchandise exports excluding petroleum also saw a record increase.
India is seeking to increase fertiliser imports from the US to reduce reliance on countries like China and address the trade imbalance with Washington. While overall fertiliser imports decreased in 2024-25, shipments from Russia and China saw significant declines. The US has raised concerns about the growing trade deficit with India, leading to ongoing negotiations […]
Prime Minister Narendra Modi commissions the Vizhinjam International Seaport, positioning Kerala as a key player in global maritime trade. Developed by Adani Ports under a public-private partnership, the port aims to reduce India’s reliance on foreign transshipment hubs like Colombo. Vizhinjam, India’s first dedicated transshipment port, boasts advanced technology and strategic location, attracting major shipping […]
India’s exports reached a record USD 824.9 billion in 2024-25, propelled by a surge in services exports to USD 387.5 billion. This represents a 6.01% growth over the previous year, with key sectors like telecommunications and financial services contributing significantly. However, concerns remain about order inflows from the US and Europe, prompting calls for government […]
India, the world’s leading sugar producer, is projected to export up to 8 lakh tonnes of sugar in the 2024-25 season, falling short of the 10 lakh tonne quota. As of now, 3 lakh tonnes have been shipped, with another 60,000 tonnes at ports.
Shipbuilding, maritime funds likely soon
1 year ago
The Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime development fund (MDF). The MDF aims to boost Indian-flagged ships’ share in global cargo to 20% by 2047, attracting ₹1.5 lakh-crore investments by 2030. Enhanced incentives for green shipbuilding, hybrid technologies, and large vessel manufacturing are […]