In a significant development for trade and logistics in Eastern India, the Syama Prasad Mookerjee Port, Kolkata (SMPK), has initiated a direct container vessel service from Shanghai, China. This move is set to streamline operations and reduce logistics costs substantially. The announcement made on June 10 also includes the introduction of a weekly express service […]
The Indian air cargo sector is targeting a significant increase in annual throughput at airports, aiming to reach 10 million metric tons by 2030. This ambitious goal faces challenges from stringent security measures and time-consuming processes, prompting industry stakeholders to urge the government for streamlined procedures. In FY 2024, Indian airports handled 3.36 million metric […]
Russia’s ongoing conflict with Ukraine and the resulting international sanctions have significantly impacted India’s export landscape. Over the past financial year, India saw a substantial increase in the export of engineering goods, machinery, machine parts, and aircraft spares to Russia, while traditional exports such as pharmaceuticals, tea, coffee, and tobacco either stagnated or declined, as […]
Swedish furniture retailer Ikea said on Tuesday it will partner with Rhenus, an international logistics firm, to expand its delivery services in Delhi-NCR (National Capital Region). Rhenus will by early next year establish a warehouse capable of storing and fulfilling over 7,000 products. The warehouse will boost the company’s operational efficiency, including seamless doorstep delivery […]
Import of onion through Dinajpur’s Hili land port has started after a long period of five months following withdrawal of ban export by Indian government. The import started with the arrival of onion-laden trucks from India at 6:30pm on Tuesday. “Ma Bharti International” of India has exported 30 tons of onion which has been imported […]
The development of Chabahar Port will help India enhance its logistical capabilities and expand its trade routes to Central Asia and for that there is a need to ensure necessary infrastructure, and processes to effectively manage the cargo flow at the port, economic think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) […]
As global supply chains face disruptions due to the ongoing challenges in the Red Sea, DP World has introduced a new solution to address critical raw material shortages affecting Turkish importers across various sectors, particularly automotive. Responding to the urgent need from several manufacturers and importers that use Türkiye as a production and export base […]
Raising import duty to 100 per cent, restoration of the proper budget for Market Intervention Scheme (MIS) and the abolition of GST on farm equipment, inputs and packaging material are some of the major demands that apple growers will raise in the run up to the voting in the state on June 1. “The apple […]
Netradyne, a provider of artificial intelligence (AI) technology for fleet and driver safety, announced its expansion into the U.K. market. The company has partnered with Intelex, a provider of aftermarket vehicle safety solutions based in Birmingham, for vehicle safety solutions in the region, according to a press release from Netradyne. “By combining Netradyne’s industry-leading Driver […]
DP World has launched its Beyond Boundaries Initiative on the African continent for the first time. The company unveiled its fifth repurposed shipping container of the global initiative, accompanied by a donation of cricket kits for local youth at an event at the South DP World Wanderers Stadium on Tuesday. The DP World Beyond Boundaries […]