Indian exporters face rising costs after Houthi Red Sea attacks
NEW DELHI : The cost of Indian exports has more than doubled due to the Yemeni Houthi militia’s attacks on ships in the Red Sea, industry officials said. Around 80% of India’s goods trade
Hapag Lloyd hikes dry cargo rates from Canada to India and Middle East
HAMBURG : Hapag Lloyd has announced a general rate increase (GRI) from Canada West Coast to Middle East and the Indian subcontinent for dry cargo transported in 20TEU and 40 TEU containers, beginning 1
CITI & Indian textile bodies urge Piyush Goyal for cotton stability
NEW DELHI : In a collective effort to address the challenges faced by the Indian Cotton Textiles and Clothing Industry, the Confederation of Indian Textile Industry (CITI) and other textile associations representing major users
Red Sea crisis likely to dent India’s growth forecast, says BMI a unit of Fitch Group
NEW YORK : Amid rising hostilities in the Red Sea due to Houthi attacks, Fitch Group said South Asian economies would be most affected. They will experience the largest relative increase in maritime trade
GJEPC asks Govt to allow diamond rough sale through SNZ and reduce import duty to 2.5%
MUMBAI : The Gem & Jewellery Export Promotion Council (GJEPC) has requested the Union Government to consider the introduction of the safe harbour rule for the sale of rough diamonds through Special Notified Zones
2nd Edition of Sourcex India 2024 concluded marking a significant milestone promoting manufacturing and exports: FIEO
NEW DELHI : The 2nd Edition of Sourcex India (Jan 17-19) 2024, concluded on Friday at Pragati Maidan, here, marking a significant milestone in Government of India’s efforts in not only promoting manufacturing and
Ministry of Textiles approves 11 R&D projects valuing INR 103 Crores across different areas of Technical Textiles
NEW DELHI : The Union Minister for Textiles, Commerce and Industry and Consumer Affairs, Food and Public Distribution, Shri Piyush Goyal, while chairing the 8th Meeting of the Mission Steering Group (MSG) of National
Indian Exporters’ suggest to have their own shipping line to avoid hurting the World Trade due to jumping freight rates
NEW DELHI : Freight rates have skyrocketed by up to 600 per cent due to the Red Sea crisis which would hurt the world trade, say Indian exporters while suggesting the government should start