Search Result for : Jnpt

The Dollar Business Bureau India’s exports must grow at an average rate of more than 26% in the next five years, if the country wants to achieve the ambitious target of 5% share in world exports, according to a study. “However, this would require enhancing product competitiveness, which needs that the infrastructure for trade to be improved including ports infrastructure,” suggested a report ‘Port Logistics: Issues and Challenges in India’ by research firm Dun & Bradstreet. This and several other measures, including ensuring transparency in charges collected by shipping lines and creating a common digital platform, in order to strengthen port logistics and improve trade, recommended by Dun & Bradstreet in its study has been handed over to Commerce & Industry Minister Suresh ...

The Dollar Business Bureau The cargo traffic at country's major ports have witnessed a growth of 3.46% during April-November 2017 period, with the 12 top ports handling 439.66 million tonnes of cargo.  “Major ports in India have recorded a growth of 3.46% and together handled 439.66 million tonnes of cargo during the period April to November, 2017 as against 424.96 million tonnes handled during the corresponding period of previous year,” said a statement by the Ministry of Shipping on Thursday.  During the eight-month period, nine ports including Kolkata, Paradip, Chennai, Cochin, Visakhapatnam, Mumbai, New Mangalore, Kandla and JNPT have recorded a positive growth in cargo traffic. Cochin Port has registered the highest growth of 17.93%, mainly due to surge in the traffic of petroleum, oil ...

By Abin Daya The Government is working to improve the ‘ease of doing business’ ranking of the country, and one of the areas of focus is the time it takes for manufacturers to get their imported raw materials and components, out of the port and into their factories. The numbers are not very encouraging, and it currently takes about 9-10 days to get a container out of the port and on its way to the manufacturer. With a view to improving this, the Direct Port Delivery arrangement was started in 2016. How is it faring? Please read on in this week’s update. The most important story of this week, definitely, is the 25 bps cut that the Monetary Policy Committee permitted on ...

The Dollar Business Bureau Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, recorded a rise of 5.11% in container traffic by handling 1.20 million TEUs, during the first three months of the current fiscal over the same period last year. “India’s largest container port, Jawaharlal Nehru Port Trust (JNPT), registered a 5.11% growth in container traffic in the first quarter of the current financial year by handling 1.20 million TEUs as compared to 1.14 million TEUs in the corresponding quarter of the last financial year,” Ministry of Shipping said in a statement.  TEU or twenty-foot equivalent unit are used for measuring the cargo carrying capacity of a ship. Port owned container terminal, Jawaharlal Nehru Port Container Terminal (JNPCT) handled 4.01 lakh TEUs during the April-June ...

The Dollar Business Bureau Taiwanese electronics major Foxconn Technology Group has sought 13-acre land in the special economic zone (SEZ) at Jawaharlal Nehru Port Trust (JNPT), Road Transport and Highways and Shipping Minister Nitin Gadkari said on Tuesday. Foxconn - a contract manufacturer – makes electronic devices for some popular global brands such as Apple, Amazon, BlackBerry, Motorola, Sony, and Xiaomi and has majority of its factories based in China. “Foxconn has sought a land parcel of 13 acres in special economic zone in JNPT and I have spoken to Maharashtra Chief Minister about the project,” Gadkari told journalists in New Delhi. However, the Minister added that the project details are not available immediately. Headquartered in New Taipei City of Taiwan, Foxconn Technology Group is one ...

The Dollar Business Bureau April 2017 saw an increase in cargo movement at India's 12 major ports, which handled a total capacity of 55.75 million tonnes (mt) during the month. An increase of 6.27% was recorded, in comparison with the cargo volume reported in April 2016, which stood at 52.46 mt. The increase in cargo traffic was attributed to the rising demand demonstrated for raw materials like iron ore and coking coal. During the month, Iron ore volumes spiked by 40% to 5.37 mt while coking coal traffic grew by 15% to 4.61 mt. Demand in the container traffic sector also shot up, as a result of which volumes rose by 9.78% to 7 lakh TEUs (twenty foot equivalent units). POL (petrol, oil and lubricants) also witnessed a rise of 7% in ...

The Dollar Business Bureau  According to information released by the Ministry of Shipping, the government-managed ports have outperformed the private ones with respect to growth in the volume of cargo handled during FY 2016-17. While the private ports registered a growth rate of 4%, the public ports grew by 6.79% annually, as against 4.32% in the previous year. Collectively, the twelve ports managed by the Ministry of Shipping handled 647.43 MT (million tonnes) of traffic during the year.  Individually, Kandla Port handled 105.44 Million Tonnes of cargo, securing the position of the largest volume handler and growing at 5.39%. Paradip Port stood second with 88.95 Million Tonnes of volume, registering a high growth rate of 16.45%. Growing at 3.17%, the Mumbai port bagged the third place with 63.05 Million Tonnes of cargo handled.  The Jawaharlal Nehru Port (JNPT), India's largest container port ...

The Dollar Business Bureau The Directorate General of Foreign Trade (DGFT) on Monday announced the names of the designated ports for import of un-shredded metallic scrap and extended their validity.  According to the new announcement, imports of scrap would only be carried through Chennai, Cochin, Ennore, JNPT, Kandla, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin, Vishakhapatnam, Pipava, Mundra and Kolkata, and no exceptions will be given to EOUs and SEZs.  Earlier, imports of scrap were shipped through 26 designated ports.  The existing designated seaports - Chennai, Cochin, Ennore, JNPT, Kandla, Mormugao, Mumbai, New Mangalore, Paradip, Tuticorin, Vishakhapatnam, Pipava, Mundra and Kolkata - will be allowed to import un-shredded scrap till March 31, 2018. However, they will be required to install and operationalise radiation portal monitors and container scanner by March 31 deadline. If ...