News

Aiming to emerge as the largest air cargo hub for south and central India, the GMR Hyderabad Air Cargo (GHAC), looks to strengthen its air cargo infrastructure. Paving through the pandemic-induced challenges the Hyderabad Airport has been able to rebuild its flight network and cargo connectivity recording a 35 percent growth in its domestic cargo […]

Adani Ports & SEZ Limited (APSEZ), on Tuesday, announced that it has outlined plans to develop a country-wide network and infrastructure, especially in the hinterland. The company which reported a 22 percent growth in cargo volume during the first nine months of the current financial year has outlined its expansion plans on the lines of […]

India’s internet economy registered a growth of 50% year-over-year in 2021, on the back of rapidly increasing internet penetration rate, high-speed internet access, and increased online shopping and digital content consumption. As per consulting firm RedSeer, it is likely to maintain the growth trajectory and become a staggering $1 trillion economy by 2030. According to […]

The Indian logistics and supply chain industry has been bearing the brunt of COVID-19 repeatedly due to lockdown restrictions and has been on a rather varying recovery trend in the last two years. Even though the third and most recent wave of the pandemic was somewhat moderate, the freight movement numbers did not look much […]

Skyways Group, on November 15th, 2021, announced the appointment of Captain Raj K. Malik as the Chief relationship Officer (CRO). A graduate from the University of Rohtak and an MBA holder in HR from Delhi, Capt. Malik, over the years, has been through various training spanning security, safety, Personnel Management, Vigilance, Fraud Management, etc. In […]

American Airlines Cargo introduces services to new Delhi starting from November 12, 2021, as the airline looks to expand its international network. The introduction of daily service from John F. Kennedy International Airport (JFK) to New Delhi Indira Gandhi International Airport (DEL) marks American’s return to the Indian capital city. As part of its international […]

UPS begins first ever direct cargo flights from India to Europe Global transportation company UPS now connects India directly to Europe as it starts its very first cologne-Delhi-cologne cargo flights that will operate five days a week. With the commencement of this flight UPS customers connect to North and Latin American markets and the company […]

Following the recommendation of the Directorate-General of Trade Remedies (DGTR) to continue the imposition of anti-dumping duty on certain seamless tubes and pipes from China for five years, the Finance Ministry has imposed definitive anti-dumping duty. It may be recalled that the anti-dumping investigation concerning imports of the seamless tubes and pipes was originally initiated […]

n a Landmark event on Wednesday, Prime Minister Narendra Modi launched the ambitious INR 107 lakh crore National infrastructure Master plan, ‘Gati Shakti,’ to provide multi-modal connectivity to more than 1200 industrial clusters in the country. An integral part of PMs’ Aatmanirbhar Bharat vision, the master plan aims to lend more power and speed to […]

The Railways has successfully operated two long haul freight trains, “Trishul” and “Garuda”, for the first time over South Central Railway (SCR). Long haul trains, which are twice or multiple times longer than the normal composition of freight trains, provide a very effective solution to the problem of capacity constraints in critical sections. Trishul is […]

Focused on being at par with technologically advanced global ports Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container ports, handled 2,703,051 TEUs during the first half of FY 2021-22, as against 1,925,284 TEUs, 40.40% higher than the container traffic over the same period of last year. The rail coefficient in the first half […]

After a much challenging time, Indian exports are finally making a significant recovery. As per reports, exports in the nation are likely to close the first half of the present financial year at around $195 billion, which is a significant achievement. Union Commerce and industry minister Piyush Goyal believes that exports are on course to […]

As the world’s second largest rice grower after China, India is on track to supply nearly 45% of global rice exports in 2021. This comes at a time when the country’s expanded port-handling capacity has enabled it to ship record volumes to buyers across Africa and Asia. Nitin Gupta, Vice president of Olam says that […]

India can make the most of its potential to become an integrated manufacturing hub for automotive global supply chains, shared senior government officials and the industry. This comes after a day of the government approving the INR 25,938 crore production-linked incentive (PLI) scheme to promote the transition to advanced technologies. The scheme, approved on Wednesday, […]

CMA CGM has announced the launch of the INDAMEX 2, a complementary service to the current INDAMEX, offering optimised connections to/from the Indian Subcontinent and the US East Coast. With this new loop, CMA CGM strengthens its service offer on the trade in order to match customers’ strong demand. 8 vessels will be deployed (3 […]

Exim News Service New Delhi, Sept. 16 India’s exports rose by 45.76 per cent to a value of $33.28 billion in August 2021, as against $22.83 billion in the same month last year, while imports increased by 51.72 per cent to $47.09 billion, according to the latest data released by the Commerce Ministry. The trade […]

Commerce Secretary BVR Subrahmanyam last week assured exporters that the Central government will find a solution to the ongoing shipping container crunch within a week and said the government is actively working to find out a short term solution. Further, he said, that for a long term solution, the country will need to produce more containers, but that will […]

Jawaharlal Nehru Port Trust (JNPT) has recorded 433,533 TEUs of container handling in July 2021 compared to 344,316 TEUs in July 2020, a growth of 21.15% as compared to the same period last year. The container traffic handled at the port during the first 4 months of FY 2021-22 was 1,797,838 TEUs as against 1,192,165 […]

India has scored 90.32% in United Nation’s Economic and Social Commission for Asia Pacific’s (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation. The survey hails this as a remarkable jump from 78.49% in 2019. After evaluation of 143 economies, the 2021 survey has highlighted India’s significant improvement in the scores on all 5 […]

India has made into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years. As per the report, in 2019, Mexico […]

The Cabinet Committee on Economic Affairs (CCEA) had mandated the Ministry of Road Transport and Highways (MoRTH) to set up 35 Multi-Modal Logistics Parks (MMLP) across India under Public-Private Partnership model. MoRTH intends on developing 35 MMLPs under Public-Private Partnership (PPP) in Design, Build, Finance, Operate and Transfer (DBFOT) mode, as informed by Union Minister […]

While India’s exports to traditional markets took a fall due to the ravaging crisis caused by the coronavirus pandemic, Bangladesh reported unprecedented economic growth; jumping four places to emerge as India’s fifth-largest export destination in the fiscal year that ended on 31 March. Exports to Bangladesh reported a surge of 11% in the previous fiscal […]

After having to go through a disheartening phase, the Indian economy can finally rejoice as uplifting figures from domestic road logistics sector comes in on the backdrop of India posting exponential export of $95 billion in the first financial quarter of the current year. According to the ICRA Ratings, the domestic road logistics sector has […]

With growing urbanisation, requirements of rapid economic growth including e-commerce and associated first and last mile freight movements; increasing congestion, noise and sound pollution in the Indian cities is a menace affecting both public health and local economies. The Logistics Division under the Ministry of Commerce and Industry has decided to work in a planned […]

Following the footsteps of the US and China, India is now set to become the third largest online retail market globally, with annual gross merchandise value (GMV) touching USD 55 billion in 2021, and USD 350 billion by 2030, says consulting firm Redseer. Besides the online retail market, kiranas are also expected to achieve approximately […]

Export businesses offer plenty of benefits and opportunities to a country and help boost its economic aspects, especially at a time when Covid is jeopardizing the economic might of the global economy. Export widens the consumer’s base and expands business network which further increases profits exponentially. It also provides opportunities to reach out to many […]

As the nation reels under the adverse effects caused by the second wave of the COVID pandemic, Finance Minister Nirmala Sitharaman on Monday announced a slew of economic relief measures totalling INR 6,28,993 crores to bring to speed the economic slowdown and boost the pandemic hit sectors. “We are announcing about 8 economic relief measures, […]

With a view to revolutionising the ports management and make investment hubs through public and private partnership, the Ministry of Ports, Shipping and Waterways had presented the draft Indian Ports Bill, 2021 which aims at abolishing the Indian Ports Act, 1908 and substituting it with a more relevant and contemporary act addressing present and future […]

The Sri Lankan parliament approved the Colombo Port City Economic Commission Bill after a two-day debate on it, last month. The 225-member Sri Lankan Parliament approved the bill 148-59, according to news reports. What is the Colombo Port City? The Colombo Port City is a special financial zone being built next to Colombo, mostly on […]

The order book position of exporters are healthy and exports growth trend is set to continue, reveals a study by the Federation of Indian Export Organisations (FIEO). The federation noted that India has started on a healthy note in 2021 and exports have so far seemed encouraging. It added that the growth story will continue […]

The use of drone delivery in India, which once seemed like a distant dream, might soon see the light of the day. As per the government officials and company executives, India is set to witness the first experimental long-range drone flight in parts of Karnataka, Tamil Nadu, Rajasthan and Punjab, later this month. These drones […]

Despite recovering economies and increasing export demand, the container prices at major ports such as Chennai, Mundra and Nhava Sheva maintained a constant high. As informed by shipping companies, the average price of a 20-ft dry container at the Chennai port in May 2021 increased by almost $600 as compared to May 2020. The price […]

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) resumed container operations on Tuesday with the Port berthing Transworld Group’s– SSL Brahmaputra. The Port had resumed other landside operations from May 22 onwards, while marine side operations waited, following the landfall of extremely severe cyclone ‘Tauktae’. The power and communication network were severely impacted since the cyclone […]

In its 43rd meeting, the Goods and Services Tax Council chaired by Finance Minister Nirmala Sitharaman, discussed on a range of key issues yesterday. One of the key highlights from the meeting was that import of Covid-related relief items have been exempted from IGST till Aug. 31. The Finance Minister said that the any import […]

The Government of India proposes to open air corridors to Central Asian countries for transportation of fruits and vegetables, food and other agricultural products. Civil aviation and air cargo transportation hold untapped potential for boosting connectivity between India and Uzbekistan. This was discussed at a meeting between Mr Dilshod Akhatov, Ambassador of the Republic of […]

Global logistics company and smart trade DP World added a new weekly “Far East West Africa India Express” service (FEW3) operated by Maersk Line. The new service with a fixed-weekly sailing will deploy 13 vessels of 4,500 to 5,500 TEUs capacity. The company had recently operated International Container Transshipment Terminal (ICTT) at Cochin. The new […]

In a bid to help companies digitise their processes, technology company Cisco has tied up with some of the largest Indian seaports and inland waterways, including Visakhapatnam, Deendayal, Kolkata Port and IWAI (Inland Waterways Authority of India). The company is currently working on 14 projects across seven ports in India, of which three projects have […]

In what comes as a breather for the country’s pharmaceutical industry, Chinese state-owned Sichuan Airlines has resumed its cargo services to India. In view of the alarming rise in COVID-19 cases, Sichuan Airlines had decided to suspend its services to India for 15 days from the end of last month. In consequence thereof, this step […]

Owing to the transformation of cold storage from conventional to modern, the nation’s cold chain sector is likely to record over 20 percent CAGR by 2025, says a report by JLL. The commercial real estate company believes that the Cold Chain sector in the coming years might see an addition of 1.5 lakh to 2 […]

The Indian Air Force has been operating around the clock Covid Air Support Management Cell (CASMC) at Palam Air Base since April 27, so that a seamless flow of information and minimal time delays in distribution of relief aid coming from foreign countries could be ensured, the Ministry of Defence informed on Sunday As per […]

Amid the surge in COVID-19 cases in the country, to meet the rising demand for oxygen supply, the government on Friday said it has included import of oxygen concentrators for personal use, including those purchased from e-commerce portals, through post or courier, in the list of exempted categories, where customs clearance is sought as gifts. […]

The nation’s largest domestic airline, IndiGo is in the process of leasing four A321ceo freighter aircraft, each having the capacity to handle 27 tonnes of cargo, the airline said in a statement on Wednesday. “A Letter of Intent has been signed with a lessor for two aircraft already, and IndiGo expects to reach an agreement […]

With the outbreak of the covid-19 pandemic brands across the industries are realigning their strategies to focus more on e-commerce, giving third-party logistics players such as Delhivery, Ecom Express, Xpressbees scope to grow. According to a report released by consulting firm RedSeer this week, the companies, which currently account for 0.85 billion e-commerce shipments in […]

Maersk India, in collaboration with GatewayRail, has launched the first “Automotive Express” – a dedicated rail service between Gurugram and APM Terminals Pipavav Port for a seamless and efficient automotive supply chain. The automotive manufacturers require highly reliable logistics services that can move their raw material and finished products on precise schedules to ensure uninterrupted […]

Verification of identity has become mandatory for new importers, exporters and customs brokers. The government has stated that importers, exporter and customs brokers will need to verify their identity, including Incorporation Document, PAN, Aadhaar as well as Physical Verification of Place of business. The Customs (Verification of Identity and Compliance) Regulations, 2021, also gives customs […]

Commerce & Industry Minister Mr Piyush Goyal today launched DGFT ‘Trade Facilitation’ Mobile App during an online video conference, for promoting ease of doing business and providing quick access to information to importers/exporters. Speaking on the occasion, Mr Goyal said that very often, the simple trade-related process becomes cumbersome, and when they are available with […]

Amid the turmoil of the past year, India’s logistics sector is exhibiting signs of growth as it looks stable in financial year 2021-22 as a recovering economy builds demand, predicts India Ratings and Research (Ind-Ra) on Monday, citing the commissioning of a dedicated freight corridor. Adani Ports and Special Economic Zone figured among ports that […]

Alternate investment firm Xander Group has leased around 11 lakh sq ft of warehousing space to e-commerce firms Amazon India and Walmart-owned Flipkart in Bhiwandi, Maharashtra, as per industry sources. The leasing transaction has been done from Xander’s warehousing platform, a $250 million industrial real estate venture that it set up in 2019. The adjacent […]

The Kempegowda International Airport, Bengaluru (KIAB/ BLR Airport) today inaugurated India’s first dedicated Express Cargo Terminal for export and import of international couriers. The terminal was inaugurated by M. Srinivas (IRS), Chief Commissioner of Customs, Bengaluru Zone in the presence of Ashok (IRS), Principal Commissioner of Customs, Airport & Air Cargo Complex, Shiv Kumar Mohanka, […]

The central government has ramped up arrangements for setting up a cold chain storage chain for the COVID-19 vaccine that will eventually be approved for use in India and is finalising transport arrangements with top airlines to deliver the much-anticipated vaccine once it is out, officials in the know of the development shared. In keeping […]

The Ministry of Ports, Shipping and Waterways has issued a draft of the Merchant Shipping Bill, 2020 for public consultation that aims to repeal and replace the Merchant Shipping Act, 1958 (Act No. 44 of 1958) and the Coasting Vessels Act, 1838 (Act No. 19 of 1838). The Merchant Shipping Bill, 2020 has been drafted […]

The government on November 27 will mull over two new proposals for setting up Free Trade and Warehousing Zones (FTWZs) in Maharashtra. According to an office memorandum of the Department of Commerce, the Board of Approval(BoA), which is the highest decision making body for SEZ (special economic zones) will consider the proposals in its meeting […]