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August 5, 2024

Great Nicobar Transshipment Port : Government finalises DPR and approvals for Rs 41,000-crore project, construction to begin soon

Ports, Infrastructure, Transhipment Port, Trending News
NEW DELHI : The government is finalizing the detailed project report (DPR) for the Rs 41,000-crore international transshipment port at Great Nicobar Island in the Bay of Bengal, with construction set to commence in
August 5, 2024

Trans-shipment charges at Vizhinjam lower than at Colombo Port 

Trending News, International Shipping, Maritime, Ports, Transhipment Port
THIRUVANANTHAPURAM : The charges for bringing in ships and goods to the Vizhinjam International Seaport have been announced. The rates are being determined after evaluating the GRD – Gross Registered Tonnage. The usual charges
August 5, 2024

Commerce Secretary lists 5 key areas to boost India’s share in organic export market

EXPORT, Business, COMMERCE, Finance, Global Trade, Trade, Trending News
NOIDA : As India’s organic food exports reached approximately $495 million in FY24, the stakeholders need to work on five key areas to further boost the country’s share in the organic export market, according
August 5, 2024

5th meeting of ASEAN-India trade in Goods Agreement Joint Committee held in Jakarta

Trade, COMMERCE, Global Trade, Trending News
JAKARTA : The 5th AITIGA Joint Committee and related meetings for review of ASEAN-India Trade in Goods Agreement (AITIGA) were held in ASEAN Secretariat, Jakarta, Indonesia from 29th July to 1st August 2024, marking
August 5, 2024

‘India has made it to top 5’: China acknowledges India’s manufacturing boom

Trade, Economy, Global Trade, Trending News
NEW DELHI : India is moving towards becoming the manufacturing hub of the world. Neighbour China also seems to have accepted that India is now becoming a major power in manufacturing. China’s official newspaper
August 5, 2024

India retains eighth position in Global Agricultural Exports

EXPORT, Global Trade, Maritime, Trending News
NEW DELHI : In 2023, India continued to be the eighth-largest exporter of agricultural products worldwide. However, India’s agricultural exports dropped from $55 billion in 2022 to $51 billion. This decline happened during a
August 5, 2024

India boosts Domestic Shipping Industry with Strategic Initiatives

Maritime, Policy, Ship Building, Shipping Line, Trade, Trending News
NEW DELHI : In a significant move to bolster India’s maritime sector, the government has implemented a series of measures aimed at enhancing the capacity and competitiveness of Indian shipping lines.  These initiatives are
August 5, 2024

Construction of Tata’s semiconductor unit in Assam commences

Technology, Company, Economy, Finance, Infrastructure, Trade, Trending News
MORIGAON : In a significant step towards creating an end-to-end semiconductor manufacturing ecosystem in India, the function for commencement of construction of Tata’s semiconductor unit in Assam unit was held in the presence of
August 5, 2024

BSSA urges Bangladesh Govt to waive port fees incurred during unrest

Ports, Shipping, Trending News
CHITTAGONG : The Bangladesh Shipping Agents’ Association (BSAA) recently urged the government to waive all port charges incurred for delays in container handling during the recent unrest, curfew and internet outage. The association said
August 5, 2024

Wärtsilä to transfer its manufacturing site in Trieste, Italy to shipping company MSC

International Shipping, Maritime, Shipping Line, Technology, Trending News
VAASA: In July 2022, technology group Wärtsilä announced a plan to ramp down manufacturing in Trieste and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. The production activities in Trieste have
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