Import/Export Industry Notifications

On the Tuesday, Vohra said bilateral trade has grown 46% to about USD 10 billion since 2014. The bilateral trade between India and Mexico is increasing and there is a potential for growth of Indian apparel exports to Mexico

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The government has decided to infuse Rs 1,500 crore capital into state-owned Export-Import Bank of India (Exim Bank) in the next financial year. The amount is Rs 200 crore higher than the provision made by the government for the current fiscal. The government has earmarked Rs 1,300 crore capital infusion for the bank.

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India's global seafood exports during the 2019-20 financial year were valued at US$6.68 billion. Exports to China, valued at US$1.37 billion then, have fallen by around 40 per cent in worth between April and December last year, compared with the same period in 2019. China's rigorous testing of Indian seafood consignments comes when the two countries are engaging in a proxy tit-for-tat war that has also led to India banning a host of Chinese apps.

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It is informed that in preparation for the upcoming meeting between the Foreign Minister and the Vice Trade Minister of Chile with the Commerce & Industry Minister (CIM) India, members are requested to go through the form and submit their reply on or before 22nd Feb-2021. Submit your reply to https://forms.gle/m9XzwsnT2rHAaCoKA.

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Following the military coup on 1 February, thousands of Burmese have taken to the streets to demand a return to democracy. Mass political protests from an emerging civil disobedience movement have caused further freight disruption in Myanmar.

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As per a client update from German liner Hapag-Lloyd yesterday, there are currently 35 ships at anchor waiting to berth at the US’s top two ports of Los Angeles and Long Beach due to the spike in import volumes and lack of dockside labour thanks to a Covid outbreak. This figure is down by two ships from January 29. Congestion at ports on both sides of North America remains a severe issue, though the ship queues look to be easing this week.

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The Rajasthan Small Industries Corporation Ltd. (RAJSICO) flagged off the first container train from Jodhpur (ICD Basni) to APM Terminals Pipavav for exports to various countries. The train was flagged off by Dr. Rajesh Sharma, Division Commissioner & Managing Director, RAJSICO, last week. This is the first such direct train between Jodhpur (ICD Basni) & APM Terminals Pipavav.

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Transporters are showing their support to All India Motor Transport Congress’s call to suspend freight services indefinitely if the government fails to address problems, such as fuel price hikes and e-way bill validity in the next 14 days.

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On Tuesday, the Tamil Nadu government announced a new industrial policy to provide a further fillip to industrial growth and attract more investments into the State. Industrial policy 2021-25 provides a structured package of incentives for companies looking to invest more than ₹500 cr.

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