Paradip Port Trust Hosts Marathon 2020

Paradip: Port Wings News Network: On the occasion of Port Foundation Day, the 17th Paradip Marathon 2020 was conducted by the Gopabandhu  Kreeda Sansad of Paradip Port Trust (PPT) on 3 January 2020. Shri Rinkesh Roy, IRTS, Chairman, Paradip Port Trust, flagged off the same at the Hanuman Temple square. …

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FIEO Dispels Rumours on Merchandise Exports From India Scheme

New Delhi: Port Wings News Network: Responding to some of the reports in the media regarding discontinuation of MEIS benefits with effect from 1st January, 2020, Shri Sharad.Kumar Saraf, President, FIEO said that these reports are not factually correct and possibly refer to withdrawal of additional MEIS benefits of 2% …

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Ministry of Commerce and Industry Seeks To Promote India–Africa Trade

New Delhi: Port Wings News Network: In order to promote India-Africa trade and economic relations, Ministry of Commerce and Industry regularly reviews India’s trade with Africa through institutional mechanisms like Joint Commission Meetings (JCMs), Joint Trade Committees (JTCs), and Joint Working Groups(JWGs). The 9th Session of the India-Kenya Joint Trade …

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Editorial: $5 Trillion Economy: Realistic Target?

Port Wings, 1 Jan 2020: Prime Minister Narendra Modi’s aim to achieving a $5-trillion economy by 2024 is unlikely to remain a realistic target given the past dismal economic performances of the country and the doubts and concerns raised by rating agencies and economists. International Monetary Fund’s chief economist Gita …

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DP World To Develop South Container Terminal at Jeddah Islamic Port

Chennai: Port Wings News Network: Global trade enabler DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to …

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India, Oman Sign Deal on Enhancing Maritime Ties

New Delhi: Port Wings News Network: India and Oman signed a Maritime Transport Agreement on 24 December 2019 during the visit of foreign minister S Jaishankar to the Sultanate. The pact – the first with any Gulf country – enables India to expand its footprint in the western Indian Ocean, …

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ICTSI Poland Hits Milestone 500K TEU Move

Chennai: Port Wings News Network: Baltic Container Terminal (BCT), the Polish unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Gydnia, capped 2019 with a milestone after recently reaching its 500,000th twenty-foot equivalent unit (TEU) move on 21 December. The event, which coincided with the 40th anniversary …

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Editorial: Will FASTag Serve the Intended Result?

Port Wings, 25 Dec 2019: To give a fillip to digital payments and bring in enhanced transparency, the Transport Ministry had directed to declare all lanes of fee plazas on National Highways as ‘FASTag lanes’ by December 1. However, one lane in each direction was decided to be kept as …

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