Ministry of Shipping gets new name

The government has renamed Ministry of Shipping as the Ministry of Ports, Shipping and Waterways (Pattan, Pot Parivahan aur Jalmarg Mantralaya) which signals its growing focus on coastal shipping and waterways. On 8th of November, Prime Minister Narendra Modi announced the renaming of Ministry of Shipping while addressing, through video-conferencing, the inaugural ceremony of Ro-Pax ferry service between Hazira and Ghogha in Gujarat. While making this historic announcement, the prime minister said “Now this Ministry will be known as Ministry of Ports, Shipping and Waterways. It is being expanded. In most…

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Subsidy on air transportation under Operation Greens Scheme

Under Aatma Nirbhar Bharat Abhiyan, Operation Greens Scheme TOP to TOTAL, 50% transportation subsidy is now made available for air transportation for 41 notified fruits and vegetables from North-Eastern and Himalayan States to any place in India. Airlines will provide the transport subsidy directly to the supplier, consignor, consignee or agent by way of charging only 50% of the actual contracted freight charges and will claim the balance 50% from MoFPI as subsidy. The scheme was approved and the amended Scheme Guidelines were early this month. In relaxation of other conditions…

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Star Air begins commercial flight between Kalaburagi- Hindon

The first direct flight operations from Kalaburagi, Karnataka to Hindon Airport, Ghaziabad, Uttar Pradesh were flagged off recently under the RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik). Flight operations on the Kalaburagi – Delhi (Hindon) route is in line with the commitment and perseverance of MoCA and AAI to enable the country with better air connectivity under the UDAN scheme. The airline, Star Air was awarded the Kalaburagi – Hindon route under the RCS-UDAN-3 bidding process last year. The airline will be operating three weekly flights on…

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Daimler India Commercial Vehicles unveil 10 new touchpoints

 Daimler India Commercial Vehicles (DICV) recently inaugurated 10 new touchpoints for BharatBenz commercial vehicles in an online event celebrating Diwali. Together the new facilities will add around 300,000 sqf of workshop space including more than 40 mechanical bays. This increases the network’s monthly service capacity to over 40,000 vehicles a month and significantly improves the brand’s reach in regional areas. Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles, said, “As our made-for-India brand BharatBenz reaches new heights, we continue to invest in the future. The ten new touchpoints we open…

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Bata India shows signs of recovery

Footwear major Bata India announced results for the quarter ended 30 September 2020 which shows a marked improvement over the previous quarter performance. Revenue from operations for the quarter stood at Rs. 3679 million showcasing steady signs of a steady recovery after a dull first quarter. The net loss stood at Rs. 444 million, as against a loss of Rs. 1011 million in the previous quarter ended 30th June 2020 . In a press release, the company maintained that since the opening up of the economy in June, it has…

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Bayer strengthens manufacturing footprint in Gujarat

Bayer recently inaugurated a new plant at its Vapi site in Gujarat. The plant will manufacture Ethiprole, an active ingredient used in insecticides for crop protection products. Set up with an investment of € 24 million (Rs 200 crores), the plant’s annual production capacity is 1,500 metric tons. It will cater to domestic demand in India and export to global markets across Asia Pacific and Latin America. The Vapi site is an integral part of Bayer’s commitment towards the Government’s vision of ‘Make in India’ that aims to promote job…

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Exports growth fall in negative territory again

After showing a single digit positive growth for the first time in this Corona pandemic affected fiscal in September,  India’s merchandise exports once again slipped in the negative territory in October. The total exports figure in October stood at $ 24.82 billion which marked a decline of 5.4 percent when compared to $ 26.23 billion in the same month last year. In October 2020, the value of non-petroleum exports was $ 23.21 billion, registering a positive growth of 1.84% over October 2019. The value of non-petroleum and non-gems and jewellery…

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ESR India to develop 11 logistics parks in Maharastra

ESR India, part of the leading logistics real estate firm ESR which has stronghold in APAC, has made a major investment announcement. The company has inked an agreement with Maharastra government to set up 11 industrial and logistics parks in the state. These units will be mostly set up around Mumbai and Pune. On a cumulative basis, these projects would entail an investment of over Rs 4,300 crore by ESR India. “The Government of Maharashtra and the MIDC (Maharashtra Industrial Development Corporation) have been very supportive of our efforts to…

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Amazon Fresh launched in four cities

Amazon India last week announced the launch of Amazon Fresh in Kolkata, Ahmedabad, Pune & Chennai through expansion of its specialized network that enables ultra-fast delivery services of daily essentials and grocery under the Amazon Fresh Store on Amazon.in. With this expansion, Amazon India has more than 25 such Amazon Fresh centres, with a 3X increase in processing space.. The company has also expanded its infrastructure with new centres in Bengaluru, Mumbai, Hyderabad and Delhi-NCR with growing customer demand for the grocery category. The specialized infrastructure is designed to ensure…

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IFFCO- SBI come together for quality supply to farmers

www.iffcobazar.in, the e-commerce arm of IFFCO has announced its integration with the SBI YONO Krishi, which is the dedicated portal catering to the farmer’s needs. The partnership aims to pave the way for easy accessibility of a wide variety of agriculture products to large number of Indian farmers. Hassle free payment portal of SBI YONO and quality products of IFFCO is a combination which aims to drive the digital sales in this segment www.iffcobazar.in is one of the fast growing agriculture based e-commerce portals in India, promoted by IFFCO, biggest fertiliser…

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