Assam government has released Rs 94.70 crores to 486 tea gardens under the ATISIS scheme. This initiative aims to boost orthodox and specialty tea production and ensure financial stability. The scheme offers interest subvention, production subsidies, and tax holidays. However, the ongoing Iran-Israel-US conflict poses a significant threat to Indian tea exports, particularly to the […]
Iran war hits tea export; Assam releases ₹94.7 crore support
India’s shrimp exports are projected to surpass Rs 50,000 crore this fiscal, marking a 13-15% increase after three years of stagnation. This growth is driven by diversification into new markets, offsetting steep US tariffs. Operating margins are expected to remain stable, with credit profiles staying strong due to low debt.
Customers can discharge at Khorfakkan Port or Fujairah Port
India waives port procedures for cargo forced to turn back due to Strait of Hormuz crisis
2 months ago
India has eased import rules for export shipments returning home. This relief is for 15 days. Vessels can unload cargo at Indian ports without usual procedures. This measure helps traders and shipping lines facing disruptions. Customs will verify details and cancel export incentives for these returned goods. The move aims to support businesses affected by […]
Syama Prasad Mookerjee Port, Kolkata will soon have a Floating Storage and Regasification Unit at Haldia Dock Complex. East Horizon Pvt Limited will establish this facility. The project involves an investment of approximately Rs 260 crore. This will boost LNG handling capabilities in eastern India. It will also support cleaner energy infrastructure development and strengthen […]
Energy imports into the country are in full flow from all Non-Hormuz routes: Union Minister Hardeep Puri
2 months ago
India’s energy imports are flowing smoothly from non-Hormuz routes, ensuring citizens’ needs are met amidst global market uncertainty. Qatar has guaranteed LNG supply continuity, and the country holds surplus LNG stock with offers from numerous nations. Cargo movements near the Strait of Hormuz may resume soon following Iran’s pledge.
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Indian ports are considering waiving or reducing charges for cargo stuck due to the West Asia conflict. This move aims to ease congestion and container shortages. Perishable goods will be prioritized. Discussions are also underway with insurance firms and banks to manage rising premiums and ensure smooth operations for exporters and shipping lines.