“Since berthing its first ship, MT Alpha on October 7, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition and impeccable execution, positioning itself as one of the premier and technologically advanced ports on the global map,” the company said in a statement.
Adani’s Mundra Port celebrates 25 years of operations
India and Tanzania are set to sign 15 agreements covering various areas of cooperation during President Samia Suluhu Hassan’s visit to India. The visit aims to elevate bilateral relations to a strategic partnership and enhance trade and investment between the two countries. Tanzania expects an announcement on the extension of a water project, as India […]
The US was followed by the UAE (USD 836.36 million), the Netherlands (USD 379.3 million), the UK (USD 336.27 million), Italy (USD 245.7 million), and the Czech Republic (USD 230.25 million).
India Exim Bank is focusing on expanding exports to new markets and collaborating with existing ones to foster growth amid economic slowdown and geopolitical challenges. The bank is not concerned about its exposure in Canada and believes that the situation has adequate attention from the government.
While this may reduce exporters’ profits but it will not impact trade volumes unless the war escalates, it said. India’s outbound shipments to Israel in FY23 were $8.4 billion with diesel, cut and unpolished diamonds, and electronics and telecom components like integrated circuits, parts of photovoltaic cells being the top exports whereas total imports of […]
California Walnut Commission steps up efforts to woo Indians amid growing nut consumption
2 years ago
India’s demand for walnuts from California is expected to double in the next decade as more people become aware of their health benefits. California walnuts currently account for 99% of the US supply and nearly 50% of global trade. Despite disruptions caused by the pandemic, exports of California walnuts to India are now increasing again.
Why it could be a little hard for India to clinch favourable free trade pacts with UK, European Union
2 years ago
Free Trade Agreements (FTAs), or treaties between two or more nations designed to reduce barriers to trade and investment, are not new to India. New Delhi has signed 13 such pacts in the last five decades, with the primary ones being with countries and blocs in the east — for instance Japan, South Korea, Australia, […]
From the Bangkok agreement (or APTA) to IPEF, India’s FTA journey has evolved significantly, reflecting its commitment to foster international trade and economic integration within its region and with global partners. These phases demonstrate India’s adaptability and willingness to explore new avenues for economic growth and cooperation on the international stage.
Shipping firms set up subsidiaries at IFSC
2 years ago
Deepesh Shah was speaking at a panel discussion on the concluding day of the 13th edition of the INMEX SMM India 2023 conference here. “We have received eight applications for ship leasing activities, with four approvals and four in-principal (approvals). Entities, formerly based in Dubai or Singapore, have established subsidiaries in the IFSC. This has […]
The Directorate General of Trade Remedies (DGTR) made this recommendation based on an application filed by JCB India Limited which was supported by BEML Ltd and Eimco Elecon (India) Ltd. The proposed duty excludes battery-operated wheel loaders. Wheel loaders are construction equipment, used for varied applications such as loading, shifting, heaping, and dozing bulk or […]