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India emerges as a strong contender in global supply-chain diversification: BofA

October 21, 2023 Trending News, Business, COMMERCE, Economy, EXPORT, Global Trade, Trade
NEW DELHI : India’s GVC output as percent of total output at 3.17 percent is already the 5th highest in the world, according to the report With the world looking to diversify its supply

Finance Minister pushes shipping ministry for faster monetisation of select projects during session on ‘Maritime Financing, Insurance and Arbitration’ at GMIS 2023

October 20, 2023 Trade, Business, COMMERCE, Economy, Global Trade, Trending News
MUMBAI : Union Finance and Corporate Affairs Minister Smt Nirmala Sitharaman said that financing, insurance and arbitration and creation of more diverse options is required to boost the country’s ship-building capacity. The Finance Minister

Government is planning to encourage traders to use Indian-flag vessels : Piyush Goyal

October 20, 2023 Export - Import, Business, COMMERCE, Global Trade, Logistics, Maritime, Ports, Shipping, Trade, Trending News
MUMBAI : Union Minister for Commerce and Industry Shri Piyush Goyal on Thursday said that the government is working on a plan to push for more Indian-flag vessels in fleets of domestic and global shipping lines

Japan’s exports rise and imports decline in September as auto shipments to US and Europe climb

October 20, 2023 Export - Import, Global Trade, Trending News
TOKYO : Japan’s exports climbed 4.3% in September from a year earlier as shipments of vehicles, machinery and electronics rose while imports of oil and gas fell sharply, the government said on Thursday. Exports

Sanand to have a Space manufacturing cluster: Gujarat govt inks MoU with IN-SPACe

October 19, 2023 Trade, Business, Global Trade, Trending News
 GANDHINAGAR : The Gujarat government signed a memorandum of understanding (MoU) with the Government of India’s independent agency Indian National Space Promotion & Authorization Centre (IN-SPACe) here for setting up a Space manufacturing cluster

PM inaugurates Global Maritime India Summit 2023

October 18, 2023 Maritime, Economy, Global Trade, Infrastructure, Ports, Shipping, Transport, Trending News
MUMBAI : Prime Minister Shri Narendra Modi inaugurated the third edition of Global Maritime India Summit (GMIS) 2023 in Mumbai via video conferencing on Tuesday, 17th October. The Prime Minister also unveiled Amrit Kaal

Port of Barcelona deepens ties with India

October 18, 2023 Foreign Ports, Global Trade, Trade, Trending News
MUMBAI : From 16 to 18 October, the Port of Barcelona, one of the key drivers of development in Spain and a reference port in the Euro-Mediterranean region, is holding a Trade Mission in

India far from replacing China as global growth engine : HSBC

October 14, 2023 Economy, Business, COMMERCE, Global Trade, Trade, Trending News
NEW DELHI : India’s impressive recent economic gains are unlikely to displace China as the world economy’s main growth engine anytime soon, according to HSBC Holdings Plc. “The numbers don’t exactly add up,” Economists Frederic Neumann

Foreign Companies can open bank account without PAN in GIFT City

October 13, 2023 Trade, Business, COMMERCE, Economy, Global Trade, Trending News
GANDHINAGAR : The non-resident or the foreign company opening a bank account at the International Financial Services Centres (IFSC) will have to file a declaration in Form 60 and should not have any tax

The WCO officially presents its new mobile app during the WCO Technology Conference in Hanoi, Vietnam

October 13, 2023 Customs, Global Trade, Trade, Trending News
BRUSSELS : The World Customs Organization (WCO) is pleased to present its new mobile application “HS Browse & Check”, a mobile application designed to provide customs professionals and international trade enthusiasts with convenient access
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