India’s ambitious $23 bn PLI scheme to counter China factories set to lapse
NEW DELHI : Indian Prime Minister Shri Narendra Modi’s government has decided to let lapse a $23 billion programme to incentivise domestic manufacturing, just four years after it launched the effort to woo firms
Donald Trump says ‘very good’ relationship with India, still threates to impose reciprocal tariffs starting April 2
WASHINGTON D.C. : Donald Trump has once again threated to impose tariffs on India from April 2, PTI reported citing the United States President’s interview with Breitbart News. While he said that India would
Cross-Platform eBLs become a reality as OOCL and a major oil and gas company go live
HONG KONG / LONDON : Global Shipping Business Network (GSBN), ICE Digital Trade and IQAX launched their landmark interoperable eBL solution on Friday. The first transaction was initiated by OOCL as carrier on IQAX
CULines launches JPS Feeder Service to strengthen regional transhipment
SHANGHAI : CULines to launch the new Jeddah-Port Sudan Express (JPS) feeder service to expand its Red Sea service network and enhance Jeddah transhipment services, starting from April 4th. This route will be independently
Seven Asian shipping lines launching China-Mexico service
SINGAPORE : Seven Asian shipping lines are together launching China-Mexico service. Jointly operated by China’s Sinotrans Container Lines, Taiwan’s TS Lines, Singapore’s SeaLead Shipping and Emirates Shipping Line, Thailand’s Regional Container Lines, and South Korea’s KMTC
New shipowners join Bluepool Panamax pool
LONDON : Castor Maritime and Sea Tribute Shipmanagement are the latest companies to enter vessels into the Bluepool Panamax dry bulk shipping pool. Castor Maritime, a NASDAQ listed diversified global shipping and energy company,
Government plans Sagarmala 2.0 with new funding to bridge infrastructure gaps”: Sarbananda Sonowal
NEW DELHI : The 4th National Sagarmala Apex Committee (NSAC) meeting focused on accelerating port-led development and strengthening India’s maritime infrastructure. It reviewed key projects under Sagarmala, the flagship programme of the Ministry of
India’s MSMEs in IT sector to play a key role in achieving ambitious $450 billion services export target : Shri Piyush Goyal
NEW DELHI : Recognizing the rapid growth of MSMEs in IT, tourism, business accounting, and financial services, Union Minister of Commerce & Industry, Shri Piyush Goyal, emphasized the sector’s key role in driving services