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August 6, 2024

New shipbuilding scheme in the works; will incentivise Indian shipyards till 2035

Maritime, Ports, Ship Building, Shipping, Shipyards, Trade, Trending News
NEW DELHI : Ministry of Ports, Shipping and Waterways (MoPSW) is working on a new shipbuilding scheme, which would incentivise Indian shipyards till 2035 by various measures, Ports, Shipping and Waterways Secretary Mr. T
August 6, 2024

IPA data showing cargo traffic at major ports grows 5.92 % to 70.08 MT in July

Ports, Shipping, Trade, Trending News
MUMBAI : Cargo traffic at 12 major ports in the country grew 5.92 per cent to 70.08 million tonnes (MT) in July from 66.17 MT handled in the year-ago period, according to the data
August 6, 2024

Adani Ports records 18% jump in cargo volumes in Jul’24

Ports, Shipping, Trending News
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) announced that in Jul’24, the company recorded 37.3 MMT of total cargo (+9.5% YoY). The growth in cargo was primarily driven by containers, which was
August 6, 2024

India’s exports to face issues in Bangladesh as crisis deepens

EXPORT, Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : Domestic exporters on Monday expressed concerns over the crisis in Bangladesh and said the developments in the neighbouring country would have implications on bilateral trade. However, exporters expect that the situation
August 6, 2024

India-Bangladesh Train Services suspended amid Political Turmoil in Dhaka

Export - Import, Business, COMMERCE, Logistics, Railway, Trade, Trending News
NEW DELHI : All train services between India and Bangladesh will remain suspended amid political turmoil in Dhaka. Three trains run between the Asian neighbours – Kolkata-Dhaka-Kolkata Maitree Express, Kolkata-Khulna-Kolkata Bandhan Express and Dhaka-New Jalpaiguri-Dhaka
August 6, 2024

Bangladesh apparel exporters race against time amid sea, air freight congestions, fare hike

EXPORT, Air cargo, Association, Business, Foreign Ports, Global Trade, Supply Chain, Trending News
DHAKA : Bangladeshi apparel exporters are grappling with multiple challenges in dispatching their products, even by costly air freights, as their lead times are dwindling due to disruptions in production and shipments caused by
August 6, 2024

Mahindra Lifespace, Actis form JV to build industrial & logistics park; 1st project in Chennai

Logistics, Company, Trade, Trending News, Warehousing
CHENNAI : Realty firm Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform ‘Ample Parks‘ for the development of industrial and logistics parks and will build their first 70-acre project in
August 6, 2024

Indian Rupee drops to lifetime low on outflow worries

Trade, Economy, Finance, Global Trade, Trending News
MUMBAI : The Indian Rupee fell to an all-time low at the open on Monday, on worries that the risk off prompted by U.S. recession worries could lead to foreign outflows. The rupee opened
August 6, 2024

Indian Economy likely to grow at 7-7.2% in FY25: Deloitte

Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : India’s Economy is expected to grow at 7-7.2 per cent in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday.
August 6, 2024

Measures to boost the MSME sector in the country

Trade, Economy, Finance, Global Trade, Trending News
NEW DELHI : Ministry of MSME implements various schemes and programmes for the promotion and development of MSME Sector in the country. Benefits under these schemes are available to all eligible MSMEs throughout the
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