General

New Delhi: Port Wings News Network: In a first, India received the first cargo of UAE crude oil for filling up one of the two Strategic Petroleum Reserve (SPR) caverns built by Indian Strategic Petroleum Reserve Ltd (ISPRL) at Mangalore on 21 May 2018. Earlier, on 12 May, Shri Dharmendra …

Chennai: Port Wings News Network: A six member delegation of Assam Industrial Development Corporation (AIDC) Ltd., an undertaking of Government of Assam headed by its Chairman Mr. M. R. Das visited Sri City on 21 May 2018. Mr. Satish Kamat, President (Operations), Sri City extended a warm welcome and gave …

New Delhi: Port Wings News Network: Stressed on the Necessity for Pithead Power Plants to Run at 100 % PLF. Urged States to Use Provisions Under “Flexibility of Utilization of Coal” Rules. Emphasized the need to Improve the Turnaround Time of Rakes Officials of Railways, Coal and Power Ministries to …

New Delhi: Port Wings News Network: Department of Commerce formally issued notification for creation of Directorate General of Trade Remedies (DGTR) in the Ministry of Commerce and Industry. Hon’ble Commerce and Industry Minister Sh. Suresh Prabhu has given his approval for creation of DGTR in Department of Commerce, consequent upon …

New Delhi: Port Wings News Network: Reacting to the April, 2018 trade data, FIEO President, Mr Ganesh Kumar Gupta said that the exports data is not encouraging. Almost all the labour-intensive sectors of export including gems & jewellery, leather & leather products, RMG of all textiles, jute manufacturing including floor …

Chennai: Port Wings News Network: While referring to the trade data for April, 2018 released, Dr. A Sakthivel, Regional Chairman, FIEO Southern Region said that negative growth in labour intensive and MSME dominated sectors is a deep concern of the economy and need to be arrested immediately by taking all …

Chennai: Port Wings News Network: In a press release issued on behalf of all Associations — Tirupur Exporters’ association (TEA), Dyers Association of Tirupur (DAT), The South Indian Imported Machine Knitters Association (SIIMKA), Tirupur Industrial Federation  (TIF), Tirupur Computer Embroiderers Association, Tirupur Export Knit Printers Association, (TEKPA), Association of  Buying …

Chennai: Port Wings News Network: PSA International Pte Ltd (“PSA”) hosted the Howe Yoon Chong (“HYC”) PSA Scholarship awards ceremony on 16 May 2018, where 38 deserving students received their Scholarships. PSA Group Chairman, Mr Fock Siew Wah, was the Guest of Honour at the ceremony, and presented the students …

    Chennai: Port Wings News Network: Shri.Raja M Shanmugham, President, Tirupur Exporters Association (TEA) has met Shri.Giriraj Singh, Union Minister of MSME, in New Delhi and discussed the plight of Tirupur knitwear sector and requested his help for restoration of Duty Drawback and ROSL rates and also enhancement of …

New Delhi: Port Wings News Network: The Inland Waterways Authority of India (IWAI) will involve banks for ensuring availability of financing options for the private players engaged in Inland Water Transport (IWT) sector. Financing and funding for Operation and Maintenance of IWT assets is a challenge for shippers, vessel operators …