With the India-EFTA partnership set to begin this October, India anticipates around USD 100 million in investments over the next 15 years. India and Norway are collaborating on environmental initiatives, including preventing pollution, with USD 7.5 million spent on joint projects in 2023.
Investment of USD 100 billion expected in India in 15 years: Norway Embassy official
Transshipment giant PSA eyes expansion
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PSA International aims to broaden its footprint in India by venturing into warehousing and forging alliances for inland container management. The company is actively eyeing opportunities at the upcoming Vadhavan port in Maharashtra.
Adani Ports plans a ₹30,000 crore expansion over two years, primarily targeting Mundra, Dhamra, and Vizhinjam ports to achieve a one billion tonne cargo handling target by 2030. The investment spans ports, logistics, renewables, and marine services, with a focus on berth and terminal expansion.
India’s maritime sector is poised for significant growth, with projected investments of Rs 80 lakh crore and the creation of 1.5 crore jobs. The Sagarmala program, with 840 projects underway, is driving this transformation. Key initiatives, including the Vadhavan Port and improvements in port turnaround times, are positioning India as a global maritime leader, with […]
India is set to introduce 40 billion rupees in incentives to revitalise its shipbreaking industry and regain market dominance from Bangladesh and Pakistan. The plan includes credit notes for ship owners, valued at 40% of scrap value, usable for purchasing domestically built ships.
India and the US held positive trade discussions in New Delhi. Both sides aim for an early, mutually beneficial trade agreement. The US team was led by Brendan Lynch. This meeting was the first after the US imposed tariffs on India over Russian oil purchases. Discussions covered various aspects of the trade deal.
The United States has declined India’s request for discussions at the World Trade Organization regarding tariffs on copper. Washington argues these tariffs are not safeguard measures. This marks the third instance of the US refusing such consultations with India. The US imposed a 50% tariff on copper imports under Section 232 of its Trade Expansion […]
Modi, Danish PM discuss green partnership; Frederiksen calls for early conclusion of India-EU FTA
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Narendra Modi spoke with Mette Frederiksen on Tuesday They reaffirmed support for the India-EU FTA. Discussions covered the Green Strategic Partnership. This includes trade, energy, and sustainable development. Modi wished Denmark success in its EU Council Presidency. They exchanged views on Ukraine. Modi reiterated India’s support for a peaceful resolution. Frederiksen supports India hosting the […]
India and the US have expressed optimism regarding their ongoing trade negotiations, agreeing to accelerate efforts towards a mutually beneficial trade agreement. Discussions between officials from both nations, led by Chief Negotiator Brendan Lynch from the United States Trade Representative, covered various aspects of the proposed deal. This resumption of talks signals a renewed commitment […]
India’s silver imports are expected to rise in the coming months as strong industrial and investment demand has depleted stocks from last year’s record inflows. Imports may total 5,500–6,000 tons in 2025 after halving in the first eight months. Prices have surged nearly 49% this year, yet demand remains firm, with investors holding back scrap […]