General

Chennai: Port Wings News Network: Shri. K.M. Subramanian, President, TEA, welcomed the growth oriented and people centric budget and specifically mentioned that the seven priorities “Saptarishi” would together trigger for the economic growth of our country. He said the priority given for infrastructure development will go a long way for …

New Delhi: Port Wings News Network: Hailing the Union Budget, Dr A Sakthivel, President, FIEO said that the budget has focused on growth potential of the Indian economy by focusing on investment & infrastructure to help the country to remain as a fastest growing economy as projected by the international …

New Delhi: Port Wings News Network: Commenting on the Economic Survey 2022-23, Dr A Sakthivel, President, FIEO said that the survey has rightly highlighted India’s growing and diversifying merchandise trade, as the goods exports increased to USD 332.8 billion during April-December 2022-23 as against USD 305 billion during the same …

New Delhi: Port Wings News Network: Responding to December, 2022 Trade Data, FIEO President, Dr A Sakthivel said that merchandise exports in negative territory is o­n expected lines as the challenges continue due to recession like situation, slowdown and rising inflation in most economies across the globe. Decline in merchandise …

Season Greetings! Wishing you all Happy, safe, healthy and Prosperous New Year 2023! I take this opportunity to thank all our members and trade fraternity for continued patronage and support to the Federation that has helped all of us to successfully sail through even the challenging years of pandemic and …

Chennai: Port Wings News Network: The first consignment under the India-Australia Economic Cooperation and Trade Agreement (ECTA) on 29 December at Chennai Air Cargo Customs was held in the presence of Smt. Rajalakshmi Devaraj, I.D.A.S, Zonal Additional Director General of Foreign Trade; Shri Mahendiravarma RA, IRS, Jt. Commissioner, Chennai, Air …

New Delhi: Port Wings News Network: India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which has come into force today will benefit Indian exports from preferential duty market access in Australia for 98.3% of its tariff lines which will further deepen from 1st January, 2023, just after 3 days, which …

Mumbai: Port Wings News Network: As India emerges as the global sourcing hub, the Government-promoted Plastics Export Promotion Council (PLEXCONCIL) will organise the country’s first ever export-focused trade fair for plastic industry from 15-17 June 2023 in Mumbai. “India currently exports plastics to over 200 countries and due to the …

Chennai: Port Wings News Network: Prime Minister Narendra Modi’s government is committed to improve the trade facilitation facilities for stakeholders including customs officers and trading communities, Union Finance Minister Nirmala Sitharaman has said. Participating in the stone-laying ceremony of the 9-storeyed ‘Vaigai’ Customs House Complex at an estimation of Rs …

Mumbai: Port Wings News Network: MSMEs are the engine of economic growth, and we need to strengthen this sector to attain the vision of $30 trillion economy by 2047, Dr. Vijay Kalantri, President – All India Association of Industries (AIAI) and Chairman – MVIRDC WTC Mumbai, has said. While delivering …

New Delhi: Port Wings News Network: Responding to November 2022 Trade Data, FIEO President, Dr A Sakthivel said that exports coming back in the positive territory is on expected line though the challenges continue due to slowdown in demand and rising inflation in most economies. Marginal increase in merchandise exports …

Tirupur: Port Wings News Network: Structural issues in exports need to be resolved so that we can support our exports on long-term basis, Shri Sunil Barthwal, Commerce Secretary, Government of India, has said. Addressing an Interactive Session at Tirupur on 10 December 2022, Shri Sunil Barthwal said that “Focus on …

Chennai: Port Wings News Network: Tiruppur Exporters’ Association (TEA), the umbrella body of knitwear exporters in Tamil Nadu, has requested the Reserve Bank of India to extend “Export Refinance Scheme” to banks to augment export credit. In a media statement, Shri.K.M.Subramanian, President of TEA, said: “Under such a mechanism, banks …

New Delhi: Port Wings News Network: Responding to the increase in the Repo Rate by 35 basis points, FIEO President, Dr A Sakthivel said that such an increase to contain inflation and the flight of capital is on expected lines with further fears of Fed rate hike in the US. …

Chennai: Port Wings News Network: An Indian student studying in the UAE, Dhanalaxmi Gaddam has been announced as the winner of the first edition of DP World’s BIG TECH PROJECT, claiming the top prize for a virtual solution that could enhance productivity and efficiency at ports and terminals around the …