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Archive for 'India'
Gems & jewellery exports from India fall sharply in August
In India the gems and jewellery industry is in a difficult period as the reduction in export volumes is increasing every month. There was an 11 per cent fall in July, then a 14.44 per cent fall in August. The ...Read More
Tags: exports
India Exports increase
Merchandise exports from India rebounded and grew 2.25% in July, helped by increased shipments of organic goods, drugs and pharmaceuticals. Imports fell, narrowing the trade deficit. Exports had fallen 9.71% in June amid intensifying trade tensions between the US and ...Read More
Drug exports from India rise on disruption in China
Exports of bulk drugs from India have been growing in double digits during the financial year 2019. This period that was marked by drug shortages in the global market because of supply disruptions in China. The domestic market in India ...Read More
Basmati exports down
India’s basmati exports have dropped by 89,000 tonnes in the first quarter of the current financial year. This is because of due Iran’s embargo from India and refusal of export cargos by several countries who they found traces of pesticides ...Read More
Tags: exports
Olive oil imports likely to rise 20% in 2016-17
India's olive oil imports are expected to rise 20 per cent to 13,500 tonnes this financial year, on the back of rising demand in large conurbations, a top Indian Olive Association official said. The country had imported 11,106 tonnes of ...Read More
Indian Wheat imports hit five-year high
India has purchased some 80,000 tonnes of Australian wheat in recent deals, the biggest amount of such imports by Asia's third-largest economy in five years. The imports were necessary after unseasonal rains damaged the crop in the Indian subcontinent. Imports ...Read More
Buffalo meat exports decline
Buffalo meat exports from India are likely to fall, due to traders’ reluctance in bringing animals for slaughtering in registered abattoirs following a ban on certain kinds of cattle in Maharashtra and Haryana. The other big challenge for Indian exporters ...Read More
Indian Railways’ freight traffic up 4.2%
The Indian railway has registered an increase in freight traffic during the six months between April and September this year compared with the corresponding period last year. According to data published by the Rail Ministry, marking an increase of 4.2 ...Read More
India – PM says port development will increase exports
IndianPrime Minister Narendra Modi said development of ports is essential to promote exports from India and take the 'Made in India' brand global. The recently elected PM was speaking as he laid the foundation of a special economic zone (SEZ) ...Read More
India – Duty on solar gear won’t reduce imports
In a setback to the Indian government's bid to encourage domestic solar cell industry, solar power project developers have said that they would continue to import solar cells from different countries and would not source domestically, even if an anti-dumping ...Read More
India: Officials support Dedicated Freight Corridors
The future of the railways in India for the next five years will depend on how quickly it can activate three major projects — the east and west dedicated freight corridors (DFCs), transport of coal from three areas with huge ...Read More
India Railways should focus on freight
The new Prime Minister of India has promised significant investment in the railway infrastructure, so there is now a chance for real reform. The Railway needs to shift the focus to freight: in 1950, 90 per cent of India's freight ...Read More
Bhubaneswar State, India targets 10% export growth
The state government aims to achieve annual growth rate of 10% in exports from 2014-15 and has prepared a draft policy for it. The draft export policy has proposed several initiatives like business to business (B2B) exchange, district-level export promotion ...Read More
Record cashew exports from India
Cashew exports rose to a record high last financial year in volume and value compared with the previous year. Total exports during 2013-14 increased by over 13 per cent to 1,13,620 tonnes from 1,00,105 tonnes. “Performance in all the segments ...Read More
New foreign trade policy to boost exports from India
The Indian government has said that a new Foreign Trade Policy will focus on ways to boost India's exports, and reduce dependence on imports. "India being part of WTO cannot only think in terms its export promotion without equally supporting ...Read More
Indian Yarn exports to China fall on pricing policy
Indian yarn exports have come under pressure as China has slowed down yarn imports from the country. China is also offering a lower price for Indian yarn because the rupee has strengthened against the dollar. The Chinese price for Indian ...Read More
Tea exports rise marginally in 2013 – Economic Times
Tea exports from India during 2013 increased by only two per cent at 212 million kilograms as compared to 208 million kilograms in 2012, according to data by Indian Tea Association (ITA). Production of tea during 2013 increased 6.6 per ...Read More
India rejects EU demand for zero-duty auto imports
The European Union is seeking zero-duty import of automobiles, as part of a trade agreement with India. The Indian government has dismissed this demand. In addition the 28-member grouping wants further customs duty removal for 29 auto components, again a ...Read More
India Cotton exports rising
China has started increasing imports of cotton from India. Demand from Pakistan, Bangladesh, Indonesia and Vietnam has also increased. So far this year (October – September) over 6 million bales (1 bale = 170 kg) of cotton have already shipped ...Read More
Tags: exports
Record Buffalo meat exports from India to China
Though China has yet to formally open its doors to buffalo meat exports from India, a threefold rise (in dollar terms) in exports routed through Vietnam has lifted traders. China has, in principle, decided to allow direct imports, but the ...Read More
Railway freight revenue increase – India
The State Railways of India carried 677.56 million tonnes of revenue earning freight traffic from April 1 to November 30. The freight tonnage shows an increase of 30.55 million tonnes over the corresponding period last year, registering an increase of ...Read More
Tags: freight
Chennai airport losing freight revenue
The air freight station (AFS) at Chennai airport which was launched nearly five years ago has still not been put to effective use, say cargo agents and officials of Airports Authority of India (AAI). This has led to a delay ...Read More
Tags: freight, Seafreight
India Railway freight loading hit by weather
The South-Central Indian Railway has registered a decline in its freight loading in the first three quarters of this fiscal year.Heavy rains disrupted train movement and coal production was affected Singareni Collieries for the last two months. The zone handled ...Read More
Tags: freight, Seafreight
Freight earnings in India increase by 8 per cent
Railways in India have earned Rs 59,069.73 crore from freight traffic during April-November 2013, compared with Rs 53,923.37 cr during the corresponding period last year. This represents a 7.9% in rail freight traffic. The national rail company carried 677.58 million ...Read More
Tags: freight, Seafreight
Indian freight corridor contract bids
The dedicated Freight Corridor Corporation of India has allowed four companies to bid for electrical and signalling works on the Eastern Dedicated Freight Corridor. The 343km Bhaupur - Khurja section of the 1829km Freight Corridor (DFC) for cargo carried by ...Read More
Tags: freight, Seafreight
India Shipping Strength
In April a delegation from Norway visited India to participate in a joint working group; after a day of talks 25 business representatives visited yards, owners and ports in Mumbai, Chennai, Kochi and Gujarat. Indian shipping is set to boom ...Read More
Investment in Water borne Freight
The Visakhapatnam-Rajahmundry-Vijayawada region of India is the focus of entrepreneurs who wish to re-vitalise this more efficient means of freight transport. The area used to build thousands of freight vessels, and experts in the shipping industry think that reviving the industry ...Read More
More freight corridors for India
Indian Railways is planning to build five new freight corridors, in addition to the two already under implementation. Feasibility studies are being undertaken; once the freight corridors are completed, train speed will be enhanced.
Seafood exporters criticize freight increases
The shipping services sector pays little attention to the scale of port handling rates set by the Indian Tariff authority, and the port of Kochi has recently increased handling rates tot he detriment of seafood exporters. Handling rates compare unfavourable ...Read More
Environmental approval for freight corridor
The dedicated rail freight corridor in India has received environmental approval for the section running through Sanjay Gandhi National Park. The railway companies believe that the dedicated freight corridor will completely change freight capacity. Double decker heavy halo trains will ...Read More
Japan helps finance Indian freight
The Japanese government has announced that it will be making loans of USD2.26 billion for the second phase of the ambitious Delhi-Mumbai freight corridor. Japan will also be helping to finance a third infrastructural project in south India. the Japanese Prime ...Read More
India shipping to begin recovery
India's biggest shipping firm predicts that the shipping industries will begin recovering in the middle of next year. The mis-match of demand and supply of vessels will end. According to the company's chief executive, tanker and container freight will recover ...Read More
Idle Freight Trains in India
In New Delhi, about 300 freight trains are lying idle because they have no cargo to carry, in spite of 20% growth in freight earnings in the first five months of the fiscal year. July to September is usually the ...Read More
Sweden – India Route
An international logistics operator has launched two new LCL ocean freight services between India and Sweden and between India and the UK. The Swedish service will be direct from Nhava Sheva to Gothenburg and transit time will be reduced to ...Read More
Deadly snake in shipping container
A saw-scaled viper, known as the world's deadliest snake, was found curled in the corner of a shipping container in Tilbury last month. The snake, which had travelled from India in the container, can cause fatal internal bleeding in its ...Read More
Indian Rail Freight suffers in blackout
The three-day long power blackout in India a couple of weeks ago caused major problems for the rail freight sector, but road freight and air freight were largely unaffected. With the threat of millions of stranded passengers, the authorities chose ...Read More
New container freight station for India
A new container freight station in Kerala, India, is the first to serve the new International Container Transshipment terminal in Kochi. The facility has warehousing and container storage facilities, and a separate are for customs authorities to inspect cargo on ...Read More
India to export wheat
India has a massive stockpile of wheat which is surplus to its requirements. The State Trading Corporation is inviting wheat traders to buy this surplus stock. If the offer is well received, this huge amount of exports will help to ...Read More
New container offices at Chennai port
Five new offices have been opened at Chennai port zero gate in India in order to speed up the customs clearance of freight containers. The new facility was opened officially by the Shipping Secretary, P.K. Sinha, last Friday. Local logistics suppliers ...Read More
Hyderabad Freight Ambitions
Hyderabad in India is aiming to become the main air freight hub for the country. Airlines are increasing their freighter services to and from Hyderabad, improving links with East and North Asia. The airport is within two hours flying time ...Read More
Container terminal for India
Jawaharlal Nehru Port in India has revealed plans for a fifth container terminal to accommodate the increase in freight volumes which they are expecting. This is a long term project for India's largest container gateway. Shipping lines have been forced ...Read More
New Freight Container Ports for India
The Indian Ministry of Shipping unveiled plans to triple its exports of merchandise by March 2017. Part of the plan is to create seven new ports, as so far export growth has been limited by inadequate investment in infrastructure. Freight ...Read More
New port terminal for Sri Lanka
A new container terminal at the port of Colombo in Sri Lanka will be built with the help of finance from China. The agreement between Sri Lanka Ports Authority and Colombo International Container Terminals (a consortium between a Chinese and ...Read More
Port Strike in India
With container movement already being delayed due to lack of gates, the situation has now been made worse by a flash strike which started on Friday. As of yesterday morning, over 500 vehicles, including export containers, lined up for over 8 ...Read More
Record Exports from Scotland
Food exports from Scotland passed £1bn last year according to figures from HM Revenue and Customs. Sales of salmon and potatoes were particularly strong, while nearly two thirds of food sales came from fish and shellfish, which increased by 12% ...Read More
Mumbai Congestion
Container shipping lines are imposing surcharges on shippers, to recoup the extra costs caused by drastic congestion at Mumbai, the busiest port in India. The port has been suffering equipment failure, work to replace cranes and monsoon delays. The Western ...Read More
India invests in ports and shipping
India's Ministry of Shipping is forming a new port operating and shipping company called Indian Ports Global. The company will act as the investment arm of the Ministry and will operate terminals all over the world to help boost trade ...Read More
Freight corridor for India
The World Bank is to provide a $975 million loan for a freight only railway line to enable more efficient movement of raw materials and goods between Northern and Eastern India. The loan will finance approx 1,100 km of the 1,800 ...Read More
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