Foreign importers are seeking updates from their Indian suppliers on the elevated geopolitical tensions with Pakistan amid slow cargo movement in certain ports, while some banks are taking longer to check documents related to shipments bound for Turkiye, exporters said, though ruling out any major concern in trade. “There were alerts for ports such as […]

India is expected to double its market share from 6 per cent in 2024 to 12 per cent in the UK’s readymade garments (RMG) imports, translating into an incremental annual export opportunity of around USD 1.1-1.2 billion in the near to medium term, according to CareEdge Ratings. On May 6, India and the UK successfully concluded […]

In a first, Indian banks are being pushed to accept ships as collateral for shipbuilding loans – a bold move to turbocharge India’s maritime sector, senior officials from the Ministry of Ports, Shipping and Waterways (MoPSW) said. With a policy push being in the works, plans are afoot to finalise the contours of the Maritime Development […]