In export push, govt steps in to raise container capacity
Business Standard|September 20, 2024
Commerce Minister Piyush Goyal announces purchase of second-hand vessels
SHREYA NANDI & DHRUVAKSH SAHA
In export push, govt steps in to raise container capacity

Concerned over the fall- from reducing loading and hanout of the Red Sea crisis dling cost of empty containers by and severe shortage of the Container Corporation of India containers against the (Concor). A simultaneous conbackdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.

An inter-ministerial meeting chaired by trade minister Piyush Goyal, on Thursday, decided that the state-owned Shipping Corporation of India (SCI) will start tainer scanning will also begin at Jawaharlal Nehru Port Authority (JNPA) for faster clearances and reduction in turnaround time.

"I am confident that it (decisions taken today) will result in bringing down the shipping cost, improve the availability of empty containers, help faster evacuation of export consignments, and significantly reduce the congestion at ports," Goyal told reporters during a briefing.

The meeting, chaired by Goyal, was attended by officials from shipping, railways, civil aviation, finance and commerce & industry.

"One of the major issues that was pointed out was that foreign shipping lines are not giving us slots. So one problem we have been facing is the lack of Indian container lines. Now SCI has started this ship and we will operate it regularly.

Diese Geschichte stammt aus der September 20, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 20, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
The Maverick Who Founded HBO
Business Standard

The Maverick Who Founded HBO

Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.

time-read
2 Minuten  |
December 30, 2024
Antarctica, North Pole: India's elderly take to extreme travels
Business Standard

Antarctica, North Pole: India's elderly take to extreme travels

Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.

time-read
2 Minuten  |
December 30, 2024
Business Standard

Auction of 11 critical mineral blocks called off

The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.

time-read
1 min  |
December 30, 2024
Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL
Business Standard

Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL

International operations to start by July next year; project expected to cost around ₹18,000 crore

time-read
2 Minuten  |
December 30, 2024
Manmohan Singh's economic reforms of the 1990s
Business Standard

Manmohan Singh's economic reforms of the 1990s

The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.

time-read
3 Minuten  |
December 30, 2024
First Mover Mantra
Business Standard

First Mover Mantra

Why EV leader Tata Motors is thirsting for more competition despite losing market share

time-read
4 Minuten  |
December 30, 2024
Build debt fund portfolio diversified across duration
Business Standard

Build debt fund portfolio diversified across duration

Take limited exposure to longer-duration funds in coming year

time-read
3 Minuten  |
December 30, 2024
Rely on rolling returns, not point-to-point data
Business Standard

Rely on rolling returns, not point-to-point data

\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.

time-read
2 Minuten  |
December 30, 2024
Markets Will Likely Take Cue From the Budget
Business Standard

Markets Will Likely Take Cue From the Budget

The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:

time-read
2 Minuten  |
December 30, 2024
Gold, silver ETFs: Alchemists spinning wealth in 2024
Business Standard

Gold, silver ETFs: Alchemists spinning wealth in 2024

Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024

time-read
2 Minuten  |
December 30, 2024