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May 14, 2024

EAM Jaishankar on delay in IMEC implementation in view of situation in West Asia

Logistics, Economy, Global Trade, Infrastructure, International Shipping, Ports, Railway, Trade, Trending News
NEW DELHI : The delay in implementation of the India-Middle East-Europe Economic Corridor (IMEC) in view of the current situation in West Asia is a matter of ‘concern’ and the expectation generated following firming
May 14, 2024

US warns of sanctions after India-Iran Chabahar Port Deal

International Shipping, Foreign Ports, Maritime, Trade, Trending News
WASHINGTON D.C. : Hours after India signed a deal to operate the Chabahar Port in Iran for 10 years, the United States reiterated that “anyone considering business deals with Iran needs to be aware of the
May 14, 2024

Adani Ports sets sights on One Billion Ton cargo milestone

Maritime, Company, Ports, Private Port, Trade, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone Limited (APSEZ), a part of the globally diversified Adani Group, plans to handle one billion ton of cargo over the next 5-6 years. “On long-term volume
May 14, 2024

GTI makes strides towards Rail sustainability with maiden DPD rail movement

Logistics, Container Terminal, Ports, Railway, Trade, Trending News
MUMBAI : APM Terminals Mumbai (Gateway Terminals India – GTI) continues to pursue its strategic ambition of increasing rail movement of containers coming in and out of the port (JNPA) and terminal, reaffirming its
May 14, 2024

GTI welcomes ONE’s “WIN” service, strengthening India-US trade route

Container Terminal, Logistics, Shipping, Shipping Line, Trade, Trending News
MUMBAI : APM Terminals Mumbai (Gateway Terminals India – GTI) has welcomed the maiden call of the new Ocean Network Express (ONE) “WIN” service, which connects India’s West Coast with the US East Coast.
May 14, 2024

India has quietly transformed its ports under PM Modi’s leadership

Maritime, Infrastructure, Ports, Shipping, Trending News
Amidst the myriad of achievements attributed to Shri Narendra Modi’s tenure as India’s Prime Minister, perhaps none shine as brightly as the nation’s infrastructure. From the construction of tens of thousands of miles of
May 14, 2024

India needs to focus on market reforms to achieve double digit growth : ADB

Trade, Business, Economy, Global Trade, Trending News
NEW DELHI : India needs to focus on factor market reforms like land and labour to propel India’s growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. “There are still concerns
May 14, 2024

Kerala cranks up logistics capability

Logistics, Logistics Park, Ports, Trade, Trending News
KOCHI : Kerala is readying policies and infrastructure to tap the inherent opportunities in the logistics sector, especially given that operations will soon commence at the strategically located Vizhinjam International Container Transhipment Terminal. Alongside
May 14, 2024

India saved $25 billion by importing Russian crude oil : Ministry data

Trending News, Fuel, Import, Trade
NEW DELHI : Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year ended March 31 compared to 2022-23, although it imported
May 14, 2024

Cost overruns and delays plague over 1,800 infrastructure projects; 449 projects see overruns of Rs 5.01 lakh crore

Trade, Economy, Infrastructure, Trending News
NEW DELHI : The Ministry of Statistics and Programme Implementation (MoSPI) report on infrastructure projects revealed that 449 infrastructure projects, each with investments exceeding Rs 150 crore, suffered cost overruns totalling over Rs 5.01
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