Import/Export Industry Notifications

Shippers, big and small, need to re-assess their supply chain strategies for the post-pandemic new normal and find the best balance between transactional costs and supply chain speed, flexibility, and resilience.

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Two large mergers and acquisitions offers within the ports sector involving Adani Group in a previous couple of days have proven what a few of India’s massive, unlisted state-owned ports, a lot larger than Krishnapatnam and Gangavaram by volumes dealt with, are lacking out when it comes to wealth creation.

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On Thursday, MSME Minister Nitin Gadkari emphasised the opportunity MSMEs in India have to plug themselves into the global supply chains as countries look to diversify their supply out of China. As per a survey covering over 150 companies in India by FICCI and Dhruva Advisors in December 2020, 69% of the respondents expected global companies to exit China and move to India.

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Warm-water shrimp from India is exempted from the US’s proposed tariff list.

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The Central government has formally notified the ₹ 6,238 crore- Production Linked Incentive (PLI) Scheme for component makers in the air-conditioners and LED lights segments.

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The Directorate General of Civil Aviation’s (DGCA) recent changes to India’s Open Sky Policy have impacted the State's vegetables and fruit exporters, especially Kozhikode.

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With rising Covid-19 cases in the state, uncertainty looms large among Karnataka’s mango growers over the fruit's selling and export. However, the state government has stepped in with an online sale portal for Bengaluru.

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On Thursday, the Cotton Association of India (CAI)  estimated cotton exports to increase by 20% to 60 lakh bales in the 2020-21 season that begins in October, mainly due to higher international prices.

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The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect today, 15 April.

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