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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Editorial: Can NITI Aayog Reignite India’s Growth?

Port Wings, 02, Jan 2019: After extensive consultation across the spectrum of stakeholders including State governments, domain experts and relevant institutions, Prime Minister Narendra Modi, who had promised to get rid of Nehruvian Era legacy –Planning Commission, gave life to ruling BJP’s “Bharatiya” aspirations the NITI Aayog (National Institution for …

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Paradip Port Organizes Marathon-2019

Paradip: Port Wings News Network: The Paradip Marathon 2019 will be held on 3 January 2019 at 8 AM to mark the occasion of celebrations of Foundation Day of Paradip Port. The Marathon will start from the Hanuman Temple near Gate No. 5 covering a route of 14 Kms will …

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Freight Initiatives & Achievements of Ministry of Railways in 2018

New Delhi: Port Wings News Network: Indian Railways achieved all- round progress during the year with firm focus on safety and passenger services by leveraging the latest in technology and marshalling the inherent strength of a highly dedicated workforce. Some of the significant achievements of the year in freight sector are highlighted …

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DCCAA Holds 35th AGM, Discusses Ways to Cope With Challenges

New Delhi: Port Wings News Network: Delhi Customs Clearing Agents Association (DCCAA) organised its 35th Annual General Meeting (AGM) on 23 December at Panchsheel Rendezvous, New Delhi. According to Mr PS Atree, President, DCCAA, approximately 200 members of the association attended the AGM and discussed on previous year’s activities, achievements, …

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BREXIT: Last Chance To Prevent Chaos

Chennai: Port Wings News Network: European Shippers’ Council calls for a transitional period allowing governments as well as companies to finalise their preparation at least until December 2020. If the present Brexit withdrawal agreement does not pass the vote in the House of Commons in mid-January, a cliff-edge scenario will …

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