US, EU question Indias apple import policy
The Dollar Business Bureau European Union and the United States raised concerns over India’s recent policy to limit the entry of imported apples to only the Jawaharlal Nehru Port (Nhava Sheva) in Navi Mumbai and questioned India of distorting trade compliance under its WTO commitments. They requested India to give further information on the consequences if apples are imported through other ports, i.e. Chennai, Kolkata and Krishnapatnam. “The US meanwhile said the measure has so far "had an impact on trade" and took issue over the lack of a comment period before the new policy was implemented. New Zealand, Chile, and Australia also echoed these concerns,” the global body said in a statement. In reply, India said that the measure doesn’t ...
Qatar-India trade to go beyond energy co-operation
The Dollar Business Bureau India and Qatar inked six key agreements on Wednesday, as Tamim Bin Hamad Al Thani, the Emir of Qatar, held talks with Indian Prime Minister, Narendra Modi, as a part of his two-day visit to India. The six key pacts include a Memorandum of Cooperation (MoU) in the field of Information and Communication Technology, scientific cooperation, diplomatic relations, among others. Under the scientific and technical cooperation, a MoU has been signed between the Ministry of Earth Sciences and Qatar Meteorological Department. As a process of enhancing the diplomatic and strategic relations, both the sides also entered into agreement, where a MoU has been signed between Diplomatic Institute of the Ministry of Foreign Affairs, Qatar and Foreign ...
Krishnapatnam Port plans to become Indias largest container terminal by 2020
Sisir Pradhan | @TheDollarBiz Krishnapatnam Port, on the eastern coast of India, plans to become the single largest container terminal in India by FY2020 with a total annual capacity of 6.0 million TEUs, up five-times from the current capacity of around 1.2 million TEUs per annum, Krishnapatnam Port Company Limited CEO Anil Yendluri told The Dollar Business. According to the Ministry of Shipping, global container throughput will reach 1 billion TEUs by 2020 and India’s container traffic (excluding transshipment) is likely to grow between 18% and 23% in the next 4-5 years. The growth in container traffic exhibits a strong linkage to GDP growth and most developing container traffic at Indian ports has registered growth at a CAGR of ...
