THE EASYWAY GROUP: Our group specializes in the safe, effective and timely delivery of specialist cargo to challenging or remote locations, whether across difficult terrains or seas. Carefully managed growth Through initiative, foresight and expertise, we have created the robust global business that it is today: business with strength provided by a diverse client base […]
India’s leading private port operator APSEZ (Adani Ports & Special Economic Zone Ltd) has agreed to pickup 97% stake in Marine Infrastructure Developer Pvt Ltd (MIDPL) from Larsen & Toubro Ltd at an enterprise value of $284 million (Rs 1,950 crore). Temasek Holdings unit invests Rs 1,000 crore in Adani Ports A unit of Singaporean […]
The infrastructure status and the subsequent investment coupled with GST implementation will boost growth of logistics industry in India to 10.5% CAGR. The seven sub-sectors – road freight, rail freight, warehousing, waterways, air freight, packaging and courier services will create over 2,45,000 new jobs in Chennai region and three million jobs across the country by […]
India has hiked customs duty on several goods, including Bengal gram, lentils and artemia, imported from the US. The import duty hike would be effective from August 4. The import duty on chickpeas and Bengal gram has been increased to 60 per cent, while that on lentils has been hiked to 30 per cent. The […]
The Chennai Customs Zone aims to clear about 80% of container cargo through the Direct Port Delivery (DPD) programmer by the end of this fiscal as against 46% now. The benefits on account of DPD are reduction in additional analysis of new procedures & technologies, recognizing opportunities for improvement of trade facilitation and facilitating ‘ease […]
M.V.SSL Kolkata, operated by Shreyas Shipping on the coastal leg caught fire on board at about 2200 hrs on 12th, which went out of control. The crew has abandoned the Vessel and Indian Coast Guard has gone to rescue. Understand apparently there are no causalities and the main engine is running and vessel is drifting […]
According to Export Promotion Council for EOUs & SEZs (EPCES), highest growth in outward shipments was recorded from theCochin SEZ which witnessed a 704% jump from Rs 461 crore in April last year to Rs 3,708 crore this year. Total Exports in April this year from SEZs amounted to Rs 20,548 crore as against Rs 19,488 […]
According to Automotive Tyre Manufacturers Association, rubber production-consumption gap of 4.7 lakh tonnes projected for the current fiscal (2018-19) is a historic high and domestic availability scenario is getting dimmer. ATMA has asked for urgent measures to make rubber available to the industry by making imports easier. The gap between domestic production and consumption has […]
The Major Ports recorded a growth of 2.41% and together handled 116.26 million tonnes of cargo during the period April to May 2018, as against 113.52 million tonnes during the corresponding period of the previous fiscal. As per official data, for the period April-May 2018, nine ports: Kolkata (including Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, […]
The Electronics and Computer Software Export Promotion Council (ECS) has prepared a strategy paper for augmenting software exports to $ 178 billion by 2022. The strategy paper highlights the need for some policy level changes. The paper spells out specific policy prescriptions, market destinations and other enabling inputs that can bring about transformational changes in […]
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