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 […]
As the US-China tariff war intensifies, the Indian toy industry leaders are calling the situation a “golden opportunity” to position India as a major export hub for toys, especially to the United States, a trade body official said on Sunday. The US recently imposed a steep 145 per cent tariff on toy imports from China – […]
India’s seafood exporters are gearing up to dispatch between 35,000 and 40,000 tonnes of shrimp to the United States, following the announcement of a pause in the implementation of steep new tariffs by the US president Donald Trump. Industry officials confirmed on Monday that orders from American buyers remain stable after Trump delayed the 26 per […]
Indian exporters are expected to face a steep rise in freight rates following U.S. President Donald Trump’s decision to pause reciprocal tariffs for 90 days. The temporary relief, announced on April 9, reduces tariff levels to 10% for countries including India, while continuing to exclude China. The development has triggered a wave of front-loaded shipments, leading to a […]
India may hope for a reprieve from US’ reciprocal tariffs on April 2, at least partially, if trade and tariff negotiations go well with the visiting team of American officials led by Assistant US Trade Representative Brendan Lynch this week. US President Donald Trump’s recent assurance that he may give a “lot of countries” a break […]
In a significant boost to India’s freight & logistics infrastructure, a first double stack container train was flagged off on Tuesday from Hind Terminals Logistics Park in Palwal by Ashok Kumar Verma, General Manager of Northern Railway and Praveen Kumar, Managing Director of the Dedicated Freight Corridor Corporation of India (DFCCIL). Senior officials from Northern Railway […]
DTDC Express Ltd., a leading express logistics service provider in India unveiled its 3rd All-Women-Operated-Branch at Thane, Mumbai. The initiative was inaugurated by Abhishek Chakraborty, CEO, DTDC Express Ltd. on the occasion of International Women’s Day. Building on the success of its all-women-operated branch launched earlier at Marol (Mumbai) & Kolkata, the Thane branch will […]
A proposal from the United States Trade Representative’s (USTR) office that would charge Chinese ships up to $1.5 million to call at U.S. ports could disrupt ocean carriers and potentially cause headaches for shippers and end consumers alike. The hawkish measure from the USTR office was recommended after a months-long probe into China’s maritime, logistics […]
India’s onion exports have declined by ₹696 crore compared to last year, mainly due to the imposition of export duties. Between April and November of this financial year, the total value of onion exports stood at ₹2,663 crore, down from ₹3,359 crore during the same period last year—a sharp decline of 20%. Interestingly, the quantity of […]
Grape export from Nashik district declined by 25% in the Jan-Feb period this year when compared to the corresponding period in 2024. Grape exports usually begin in the first week of Jan and continue until mid-April. Nashik district has exported 66,000 tonnes of grapes between Jan and Feb this year. In comparison, last year, the district […]