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India's imports from ASEAN FTA partners; $187.92 billion in FY24

Exports to Asean countries grew from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96 per cent increase. Read more

India's defence sector holds prospect of $138 billion from FY24-32

This growth is owing to escalating defence budgets, modernisation initiatives, and the government's emphasis on indigenous manufacturing through programs like ‘Make in India’.Read more

FTAs boost Engineering exports; shipments to Russia double

While Russia has become a major trading partner in the last two years largely due to imports of petroleum crude, engineering exports to the country have doubled during April-February this yearRead more

The Red Sea crisis: Lessons for logistics sector

Certain geopolitical complexities, such as the ongoing Red Sea crisis, present challenges in the smooth maritime operations and affect global trade. Pushpank Kaushik shares some valuable thoughts on sustaining the growth of India’s logistics and shipping sector amid these crises.Read more

Low voltage AC drive shipments exceed 20 m in 2023

According to the market intelligence specialist, the pace of low voltage (LV) AC drive market growth slowed last year and is expected to continue to do so in 2024, with steady growth returning to the global drives market in 2025.Read more

Indian exporters navigate global shipping challenges amidst Red Sea conflict

Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more

PM Modi unveils Rs 4,000 cr Maritime Boost in Kochi for India's Nautical Advancement

These initiatives encompassed the construction of a 310-metre-long New Dry Dock (NDD) at Cochin Shipyard Limited (CSL).Read more

Welspun New Energy, Gujarat Pipavav Port join forces for Green Hydrogen Hub

Welspun World, operating through Welspun New Energy, has committed a substantial investment exceeding Rs 40,000 crores to contribute to Gujarat's decarbonisation objectives.Read more

Red Sea attacks spark shipping disruptions, pose inflation risk

Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more

Minister assigns top priority to critical projects of the Northeast by Jan, 2024

Sarbananda Sonowal chaired a meeting of the Ministry of Ports, Shipping & Waterways (MoPSW) and Ministry of Ayush (MoA) to review the ongoing projects of both the ministries in the Northeast region.Read more

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