India is aiming to attract an investment of Rs 20 lakh crore for its maritime sector under Vision 2047. The investment will be used to increase port handling capacity, develop maritime clusters, and establish hubs for bunkering, ship repair, and Vessel Spares and Stores. Prime Minister Narendra Modi unveiled this vision document and inaugurated projects […]
Maritime India Vision sets eyes on Rs 20 lakh crore investment by 2047
DP World inks pact with JNPA for Vadhavan port
2 years ago
Global logistics operator DP World has signed an initial pact with the Jawaharlal Nehru Port Authority (JNPA) to develop a new port at Vadhavan. The location of Vadhavan, along the Arabian coast near Mumbai and Gujarat, makes it an attractive trade gateway.
Commerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC), and Project & Equipment Corporation of India. These companies were denotified as nominated agencies for imports and exports of goods. A decision on […]
Tur prices have stabilised following the recent government measure of tightening the stock limit on traders and processors. “However, the prices of African tur, which have declined by 5%, could have reduced by another 10% if the imports had been smooth,” said a pulse importer from Maharashtra.
As the primary source of commercial energy in India, coal accounts for half of our energy consumption and remains the dominant fuel for power generation due to its reliability compared to other renewable energy sources, the coal ministry said in a statement.
The Global Trade Research Initiative (GTRI) said this FTA marks a transformative shift in India’s approach to trade, moving its focus from the east to the west, and broadening its scope to include non-trade matters such as environment, labour, gender, digital trade, and data governance.
The Adani Group’s new port in Vizhinjam, Kerala, which was constructed as a public-private partnership, has garnered praise and celebration from opposition parties. This is unusual given that the Adani Group has faced criticism and controversy in recent years. The port, strategically located between the Suez Canal and the Strait of Malacca, is expected to […]
India is boycotting China’s Belt and Road Initiative summit for the third time, citing concerns over sovereignty issues and the financial viability of Beijing’s projects. The two-day summit is being held amid criticism that the loans for unsustainable projects have led to debt traps for smaller countries. India has been critical of the China-Pakistan Economic […]
The future of China’s Belt and Road Initiative (BRI) looks uncertain as momentum for the project has tapered off in recent years. China’s overall activity in BRI countries is down about 40% from its 2018 peak, and the project faces accusations of being an irresponsible lender. The COVID-19 pandemic has further slowed down the initiative, […]
At a meeting of the committee on market access at the World Trade Organization (WTO), the US said the measure prompts its firms to think twice about doing business in India and it would impact its exports while China and Taiwan sought the purpose of this policy.