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Monthly Archives: January 2019

Commerce Minister Holds Meeting with Export Organizations

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, presided over a meeting of Government officials and export organizations in New Delhi today to discuss problems faced by the export sector. Suresh Prabhu highlighted the declining trend of export credit in recent …

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Air Freight Demand Flat in November: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), was flat (0%) in November 2018, compared to the same period the year before. This was the slowest rate of growth recorded since …

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Editorial: Election Season Sets In

Port Wings, 09 Jan 2019: With Prime Minister Narendra Modi criss-crossing India with public rallies in the last few days, election campaign for May 2019 General Elections unofficial begins in the country. Prime Minister Narendra Modi has a task cut out for him as Bharatiya Janata Party has big plans …

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Essar Global Repays all Debt to Indian and Foreign Lenders

Chennai: Port Wings News Network: Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, on 7 January 2019 reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders. …

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Paradip Port Hosts 16th Paradip Marathon 2019

Paradip: Port Wings News Network: The 16th Paradip Marathon 2019 was conducted by the Gopabandhu Kreeda Sansad of Paradip Port Trust on 3 January 2019 on the occasion of Port Foundation Day. Shri Rinkesh Roy, IRTS, Chairman, Paradip Port Trust flagged off the same at the Hanuman Temple square. The …

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2018: A Year of Strategic Growth For DP World

Chennai: Port Wings News Network: Global trade enabler DP World deepened its engagement with revolutionary new technologies, diversified its global business portfolio through investments and acquisitions worth US $ 3 billion, and extended meaningful support to environmental initiatives around the world during 2018, achieving strategic growth in diverse fields. The …

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Export Promotion Council Established for MSME Sector

New Delhi: Port Wings News Network: Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell with an aim to create a sustainable ecosystem for entire MSME development. The benefits likely to accrue to the MSMEs are: Evaluate readiness of MSMEs to export their products …

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