Trade with the US will continue to grow, says Barthwal

Exim News Service NEW DELHI, Nov. 21 INDIA’S trade relations with the US will continue to grow irrespective of the change in the American regime, said Mr Sunil Barthwal, Commerce Secretary. He added that the two economies have strongly integrated with each other through various agreements, including the IPEF (Indo-Pacific Economic Framework for Prosperity) and […]

Read more

Government unveils city logistics plan for Delhi and Bengaluru to combat pollution : DPIIT

NEW DELHI: The Govt. of India has prepared a ‘City Logistics Plan’ for metros such as Delhi and Bengaluru for efficient freight and logistics movement within the city, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday, 20th Nov. Efficient freight and logistics movement in turn will […]

Read more

Exports of apparels surge despite global tensions, market challenges

Despite ongoing geopolitical issues and limited market share in Bangladesh, exporters are seeing growth, fuelled by depleting stocks and improving global economies Despite continuing wars and the Red Sea issue and India not taking any meaningful slice of the Bangladesh’s market, India’s garment exports are rising. Exporters attribute this to mainly to the depletion of […]

Read more

Global Organic Textile Standard bans five Indian cotton companies for fraudulent practices

The Germany-based Global Organic Textile Standard (GOTS), which regulates the organic status of textiles worldwide, has banned five Indian cotton companies for two years after uncovering fraudulent activities. The companies were found using fake shipping firms and manipulated documentation to falsely claim organic certification. Two of the banned companies — Farmers United House and Om Organic Cotton […]

Read more

Volume spikes test APMT terminal capacity in India’s Nhava Sheva Port

APM Terminals Mumbai at India’s Nhava Sheva Port (JNPA) is grappling with capacity pressures due to volume surges from more ship calls, according to industry updates.APMT Mumbai, also known as Gateway Terminals India (GTI), is one of five box facilities in Nhava Sheva, which handles a significant portion of India’s containerised trade.Amid growing trade concerns, […]

Read more

Saudi Arabia waives fees for exports, reduces import rates starting October 6

The Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced new customs service fees starting October 6, 2024. The new rules include waiving the fees for all customs services for exports. The authority also reduced customs service fees for imports through a new mechanism for calculating import service fees, which involves a fee of 0.15% […]

Read more

Vizhinjam on its way to establishing itself as transshipment hub; fifth ship berthed

The Vizhinjam International Seaport is steadily becoming a major player in global maritime trade as trial operations continue to gather momentum, said Vizhinjam International Seaport Limited (VISL). The latest vessel to berth is MSC KAYLEY, marking another milestone for the port. The ship with 16.5 meter draft successfully berthed at the port on Monday. In addition, another […]

Read more

Tiruppur anticipates 20% growth in garment exports amidst global challenges

Tiruppur, the renowned textile hub in Tamil Nadu, is set to experience a significant boost in garment exports this financial year, with projections indicating a 20 per cent increase. A. Sakthivel, chairman of the India Knit Fair Association, revealed these optimistic forecasts during a press briefing on Friday in Tiruppur. According to Sakthivel, garment exports from Tiruppur […]

Read more