General

Chennai: Port Wings News Network: The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, is leading the delegation for the meeting for trade Ministers of RCEP member countries which is taking place in Singapore on November 12-13, 2018. The Regional Comprehensive Economic Partnership (RCEP) is a pact …

New Delhi: Port Wings News Network: Hailing the announcement, made by the Prime Minister Narendra Modi, increasing the Interest Equalization from 3% to 5%, Mr Ganesh Kumar Gupta, President, FIEO said that this is very timely move and will help the exporters to get credit at competitive rates close to …

Chennai: Port Wings News Network: On 4 November 2018, the maritime leaders of tomorrow from over 70 countries graduated from the World Maritime University (WMU). The graduates have received the education required to contribute to the implementation of the United Nations Sustainable Development Goals (UN SDGs) in their home countries …

Port Wings, 07 Nov 2018: With the World Bank’s Doing Business Report giving thumps-up to Indian government on business sentiment, it has come as a big reprieve for the ruling Bharatiya Janata Party just before the long election season in the country. While five important states are going to Assembly …

Chennai: Port Wings News Network: Yard 45004 (ICGS Varaha), the 4th in the series of 98 M Offshore Patrol Vessels (OPVs) of Indian Coast Guard was launched at M/s L&T Kattupalli, Chennai by Mrs Chitra Chafekar, President Tatrakshika (Western Region) on 02 Nov 18 in the presence of the Chief …

New Delhi: Port Wings News Network: Complimenting the Government for initiating a series of reforms resulting in 23 position improvement in the Ease of Doing Business Report 2019, on the heel of 30 rank improvement last year, Mr Ganesh Kumar Gupta, President, FIEO said that various initiatives taken by the …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu,met a high level Russian business delegation on 27 October 2018 in New Delhi. Discussions were held on increasing investments and business engagements with Russia. Russia has invested USD 1.2 billion in India between …

New Delhi: Port Wings News Network: India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there is a lot of negative headwinds globally, Union Minister of Commerce & …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that the Government of India is preparing agro specific zones under the new Agriculture Export Policy which will be unveiled soon. He was speaking at the inauguration of BIOFACH INDIA which is …

Chennai: Port Wings News Network: Director-General Roberto Azevêdo welcomed Mongolian President Battulga Khaltmaa to the WTO on 22 October. They discussed Mongolia’s support for the trading system, particularly in the context of the current trade tensions, and how the country can enhance its participation in global trade. President Khaltmaa was …

Chennai: Port Wings News Network: Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail. The Adani Group is an Indian private conglomerate active in 50 countries and specialized in commodities …

Chennai: Port Wings News Network: At a meeting of the full WTO membership on 16 October, Director-General Roberto Azevêdo noted the emerging debate on ‘WTO reform’ and highlighted the importance that this discussion is inclusive. Roberto Azevêdo said: “The state of this organization is an issue in which everyone has …

New Delhi: Port Wings News Network: Responding to the trade data for the month of September, 2018, President FIEO said that though the data shows a marginal negative growth in the month of September primarily due to high base effect last year, the aggregate value of exports in this September …

Chennai: Port Wings News Network: An 18-member delegation from the Andhra Chamber of Commerce, headed by Mr. V.V. Sampath Kumar,  Executive Committee Member, visited Sri City SEZ on 12 October 2018. Mr. Shiva Sankar, Senior Vice President (Marketing), Sri City SEZ received the guests and extended a warm welcome. Briefing …

Chennai: Port Wings News Network: Tirupur Exporters Association (TEA) has thanked the CBIC for permitting IGST refund claims for exporters those import capital goods under the EPCG scheme also. In a press release Shri.Raja M Shanmugham, President, TEA, said that CBIC has now issued notification No: 54 / 2018 – …