Import/Export Industry Notifications

APM Terminals Mumbai (GTI), APM Terminals Pipavav in India, and APM Terminals Callao in Peru launched Track & Trace in March. The container tracking tool can be found on the terminals’ homepages on www.apmterminals.com in both English and the local language.

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As efforts are underway to free a giant container ship stuck in the Suez Canal, FIEO, MPEDA and APEDA will jointly identify cargo, particularly perishable cargo, for priority movement.

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The US move to ban China's Xinjiang cotton has cranked up India's yarn exports. Besides, the agency expects operating profits of cotton spinners will double next fiscal as revenue spurts 20-25% on higher sales to Asian buyers and appreciation in cotton yarn prices.

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India has opposed Japan's suggestion to include the Asean countries in the Supply Chain Resilience Initiative (SCRI), which seeks to reduce China's dependence and build resilient supply chains in the Indo-Pacific region.

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India will prioritise the acquisition of locally manufactured medical devices for public procurement, thereby decreasing dependence on imported products and boosting local manufacturing, the Centre said. The move may reduce imports by Rs 4,000 crore, the domestic industry said.

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The Suez Canal blockage has finally ended with the massive container ship, Ever Given being refloated yesterday (March 29) after almost a week. The block is likely to have caused over 200 ships to be stalled or redirected.

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FTP provides guidelines for improving exports to push economic growth and create jobs. The government is expected to further extend the existing foreign trade policy, scheduled to lapse from April 1 this year, for few more months, an official said.

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Pakistan’s textile ministry, managed by Prime Minister Imran Khan, recommended lifting a ban on importing cotton from India to bridge the raw material shortfall.

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Maritime Employers Association president Martin Tessier says that shipping volumes at the Port of Montreal are dropping amid the spectre of a potential strike. Volume at the port has dropped 1.8 per cent since the start of 2021, Tessier added, as customers look to other ports to ship to and from.

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