MIAL augments its export handling capacity
The Dollar Business Bureau Mumbai International Airport on Tuesday announced it has launched its first-of-a-kind cargo terminal in India for bonded and heavy export cargo. The new export facility will enhance MIAL’s export handling capacity by adding 3, 00,000 tonnes of cargo per annum. Spread over 7,500 sq meters, the state-of-the-art facility provides exclusive handling for Heavy, Odd Size and bonded cargo. The facility provides a one stop solution for bonded cargo handling with dedicated channel for cargo admittance, X-ray screening and palletisation. The new process management deployed, along with incremental export capacity, will reduce the dwell time to a considerable extent. While the export light consignments will continue to be handled at the existing export terminal at MIA, The busiest airport in the ...
Odisha has potential to be a leading exporting state
The Dollar Business Bureau The Commerce Secretary Rita Teaotia said on Thursday that Odisha has the potential to become a leading exporting state in the country as the state is rich in minerals, agriculture products, marine products, handlooms and handicrafts. “Odisha has the potential to jump up the list of exporting states of India from 13th position to the 6th,” she said while speaking at an interactive session organised by FIEO in Bhubaneswar. The state is capable of exporting minerals, agriculture products, marine products, handlooms and handicrafts. However, there is a requirement for value addition, she added. “Both the Central and state governments are dedicated for infrastructure development in Odisha. We need to work in close collaboration in order to sort out regulatory issues ...
India slips 4 places to 126 in World Banks 2015 Foreign Trade rankings
Bidhu Bhushan Palo | @TheDollarBiz India has slipped four points to the 126th rank in World Bank’s “Trading Across Borders” indicator in the 2015 Ease of Doing Business report released this week. Singapore, Hong Kong, and South Korea hold the top three spots respectively. Launched in 2002, the Doing Business (DB) is a World Bank project which aims to provide measures of business regulations (which includes foreign trade) and their enforcement across 189 economies at different levels. DB measures three broad parameters (documentation, time and cost per container) to rank countries in the “Trading Across Borders” indicator. It excludes tariffs, time and cost for sea transport associated with exporting and importing a standard shipment of goods by sea transport. According ...
