Congratulations to the Dakshin Bharat Gateway Terminal (DBGT) Tuticorin on the monumental achievement of handling 4 million TEUs & over 3000 vessels since its inception in May 2014 to July 2024! This progressive handling of incremental volume highlights DBGT’s consistency in customer deliverables over the years. The terminal’s state-of-the-art infrastructure coupled with its highly skilled […]
The amendments are aimed at creating a more industry-friendly environment and attracting more investments, said Industries Minister P Rajeeve. THIRUVANANTHAPURAM: The state government has announced modifications to the land disposal regulations (LDR) governing industrial land allocation by Kerala Industrial Infrastructure Development Corporation (KINFRA) and Kerala State Industrial Development Corporation (KSIDC). The amendments are aimed at […]
Ministry of Commerce & Industry’s DGFT Simplifies EPCG Scheme Procedures: An In-Depth Analysis The Directorate General of Foreign Trade ( DGFT ) has introduced a series of significant amendments to the Export Promotion Capital Goods ( EPCG ) Scheme, as per Public Notice No. 15 dated 25th July 2024. This initiative is touted as a […]
Trade between India and Bangladesh came to a standstill this afternoon as large-scale protests in Bangladesh led to the resignation of Prime Minister Sheikh Hasina on Monday, traders reported. On Sunday, the Bangladesh government declared a three-day trade holiday, excluding essential services, via a notification. Ujjal Saha, secretary of the West Bengal Exporters Coordination Committee, […]
IndiGo CarGo has begun operating freighter flights between Kolkata in India and Ezhou in China as it continues to expand its network. The freighter flights between Netaji Subhash Chandra Bose International Airport (CCU) and Ezhou Huahu Airport (EHU) in central China’s Hubei Province will operate three times a week, said Mark Sutch, chief commercial officer […]
Russell Group, a data and analytics company, has reported that $131 billion in trade is at risk of being disrupted by the ongoing port congestion at the Ports of Singapore, Port Klang and Tanjung Pelepas. All three ports have faced significant port congestion since the middle of June, with vessels avoiding the Red Sea because […]
In a move to make imports easier under free trade agreements (FTA), the government has proposed to accept self-certification to prove the origin of such goods. At present, a certificate of origin is issued for meeting the source criteria of imports which is crucial for customs clearance and determine the duties that have to be […]
Murlidhar Mohol, the minister of state for civil aviation, announced on Saturday that the Navi Mumbai International Airport is expected to start operations in March 2025. Mohol, along with Union Civil Aviation Minister Kinjarapu Rammohan Naidu, inspected the airport site and assessed the progress of the ongoing work. “Going by the progress of the work, […]
Spot freight rate levels on the major east-west container trades this week remained flat, as the third-quarter peak season swung into gear. It is now less than three months until China’s Golden Week holiday, on 1 October, that will see the country’s factories shut for seven days – and, given the extended voyage times on […]
The Consumer Affairs Ministry on July 14 proposed an amendment to the Legal Metrology (Packaged Commodities) Rules, 2011, seeking to mandate the declaration of key information on pre-packaged commodities weighing over 25 kg or measuring more than 25 litres sold in retail markets. The move aims to close a loophole that currently exempts such bulk […]