eznews.inUnion Minister Shantanu Thakur announced on Monday that the Indian government aims to capture a 5% share of the global shipbuilding market by 2030, alongside the development of ten world-class shipyards through public-private partnerships and international collaborations. Speaking at the CII Conference in Goa, Thakur emphasized India's ambition to become a leader in sustainable shipbuilding, contributing to green growth and self-reliance. He highlighted significant advancements in the maritime sector, including a 320% increase in inland waterway cargo movement since 2014, which aligns with India's $2 trillion export target by 2030. The government is also working on establishing a national container shipping line and a comprehensive National Shipbuilding Policy, which will focus on skill development and R&D for green vessels. Thakur called for enhanced collaboration among government, industry, and academia to realize India's potential as a global shipbuilding powerhouse. 
Published: Sep 15 2025, 3 pmeznews.inIndia's exports experienced a notable increase of 6.7% in August, reaching $35.1 billion, while imports saw a significant decline of 10.12% to $61.59 billion, according to official figures released on Monday. In August 2024, exports were recorded at $32.89 billion, with imports at $68.53 billion. This shift resulted in a trade deficit of $26.49 billion for August 2025, a marked improvement from the $35.64 billion deficit reported in the same month last year. For the period from April to August 2025-26, total exports amounted to $184.13 billion, against imports of $306.52 billion. Commerce Secretary Sunil Barthwal highlighted the resilience of Indian exporters amid global and trade policy uncertainties, emphasizing their strong performance in challenging conditions. The data reflects a positive trend in India's trade landscape as it navigates external economic challenges.
Published: Sep 15 2025, 3 pmeznews.inA significant agreement aimed at reducing billions in subsidies that contribute to overfishing officially took effect on Monday, according to the World Trade Organization (WTO). This marks the first major agreement since 2017, following years of stalled negotiations and recent tensions over U.S. tariffs. The deal, initially reached in 2022, received formal ratification from Brazil, Kenya, Tonga, and Vietnam, achieving the necessary two-thirds support from WTO members. Under the agreement, governments are barred from subsidizing overfished stocks and fishing in international waters beyond their jurisdictions, while poorer nations will have access to a fund to facilitate compliance. Activists welcomed the move as a vital step towards restoring global fish stocks, which are currently supported by approximately $35.4 billion in annual subsidies. However, further negotiations on additional fishing regulations remain contentious, particularly as developing countries seek exemptions that others deem impractical. The agreement is set to expire in four years unless more comprehensive rules are established.
Published: Sep 15 2025, 3 pmeznews.inAllcargo Supply Chain, a subsidiary of Allcargo Logistics, has inaugurated a new Logistics Park in Panapakkam, near Chennai, covering 275,000 square feet of Grade A warehousing space. This facility enhances the company's southern network and aligns with its infrastructure-driven growth strategy. Strategically located at the junction of NH 76 and SH 50, the park provides efficient access to key areas such as Red Hills, Chennai Port, and Sriperumbudur, establishing it as a crucial multi-modal hub for nationwide distribution. The facility is expected to diversify Allcargo's operations in the region, with a focus on the automobile sector, which constitutes about 50% of its business, alongside e-commerce and consumer durables. Ketan Kulkarni, Managing Director of Allcargo Supply Chain, emphasized the park's capacity to manage large cargo volumes and its role in enhancing India's supply chain ecosystem. This launch complements existing facilities in Bengaluru and the upcoming site in Hyderabad, expanding Allcargo's national logistics footprint.
Published: Sep 15 2025, 4 pmeznews.inA joint report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Boston Consulting Group (BCG) emphasizes the urgent need for companies to rethink their value chains in light of recent global disruptions. The report highlights that traditional reliance on efficiency and scale is no longer sufficient, urging businesses to adopt diversified, digitally enabled, and compliant frameworks. It outlines four key imperatives for India: enhancing domestic capacity to reduce import reliance, leveraging free trade agreements for deeper global integration, transitioning to higher-value segments through innovation, and embedding digital tools and sustainability practices into operations. The report asserts that resilience should be viewed as a foundational element for long-term competitiveness. Abhishek Bhatia of BCG noted that India has a unique opportunity to strengthen its role in global trade, while FICCI's Jyoti Vij emphasized the balance of efficiency, resilience, and sustainability as crucial for shaping the future of trade.
Published: Sep 15 2025, 12 pmeznews.inIndiGo, India's largest domestic airline, announced on Monday that it will introduce its first Airbus A321 XLR aircraft on its Athens route starting January 2026, pending regulatory approval. This move marks IndiGo as the only Indian carrier to offer direct flights between India and Greece, with plans for six weekly flights connecting both Delhi and Mumbai to Athens. The A321 XLR, designed for longer ranges, will enhance IndiGo's international reach while maintaining cost efficiency. The aircraft will feature a two-class configuration, catering to both economy and business travelers. CEO Pieter Elbers emphasized that this new route aligns with India's growing economy and tourism sector, providing convenient access to popular Greek islands and other European cities. IndiGo currently operates over 2,200 daily flights to more than 130 destinations, with a fleet of 400 aircraft, further solidifying its presence in the expanding India-Europe aviation market.
Published: Sep 15 2025, 1 pmeznews.inWholesale inflation in India turned positive in August 2025, recording a rate of 0.52%, following two months of deflation, according to the latest Wholesale Price Index (WPI) data. This shift is attributed to rising prices in food products, manufactured goods, and other sectors, with food article deflation easing to 3.06% from 6.29% in July. Notably, vegetable prices saw a significant increase, with deflation dropping to 14.18% in August compared to 28.96% the previous month. Meanwhile, inflation for manufactured products rose to 2.55%. Analysts predict further increases in WPI, potentially reaching 0.9% in September, driven by global commodity price trends and currency fluctuations. Despite easing Consumer Price Index (CPI) inflation, the Reserve Bank of India is expected to maintain interest rates in its upcoming review, considering robust GDP growth and the anticipated impact of structural reforms.
Published: Sep 15 2025, 1 pmeznews.inThe outlook for India's 2025 kharif season is cautiously optimistic, particularly for nutricereals, with maize leading the charge due to a robust minimum support price of ₹2,400 per quintal and rising demand from the ethanol and feed sectors. As of September 5, 2025, the area under coarse cereals has expanded to 91.71 lakh hectares, with maize acreage increasing significantly to 94.62 lakh hectares. However, other nutricereals like jowar and bajra are experiencing mixed fortunes, with jowar's area declining and bajra also seeing a slight drop, particularly in Maharashtra due to adverse weather conditions. In Karnataka, maize has surged to 18.27 lakh hectares, reflecting farmers' preference for the crop amid strong market signals. Overall, maize production is projected to reach a record 422.81 lakh tonnes for 2024-25, bolstered by favorable growing conditions and strong demand across various sectors.
Published: Sep 15 2025, 12 pmeznews.inWholesale price inflation (WPI) in India turned positive in August 2025, registering an increase of 0.52%, following two months of negative inflation. This shift is attributed to rising prices in food articles and manufactured goods, as reported by the government. Deflation in food articles decreased to 3.06% in August from 6.29% in July, with vegetable prices experiencing a notable rise, shifting from a deflation of 14.18% in July to 28.96% in August. Meanwhile, inflation for manufactured products rose to 2.55% from 2.05% in the previous month. Conversely, the fuel and power sector saw deflation of 3.17%. The Reserve Bank of India maintained its benchmark policy rate at 5.5% last month, as retail inflation edged up to 2.07% in August, driven by increased prices for essential kitchen items.
Published: Sep 15 2025, 12 pmeznews.inKochi's tea auctions experienced subdued buying for both dust and leaf grades, attributed to a decline in brew quality following recent rains in the high ranges. In sale 37, the total quantity of CTC dust offered was 482,186 kg, with the market for good liquoring teas remaining steady to firm, while medium teas showed irregular pricing based on quality. Blenders accounted for 61% of total CTC tea sales. The demand for orthodox dust was fair but irregular, with 11,000 kg offered and limited absorption from upcountry buyers and exporters. In contrast, whole leaf prices rose, supported by CIS and Middle East buyers, with 164,069 kg offered. The CTC leaf market for good brokens was irregular and lower, with 22,000 kg available, while Kerala and upcountry buyers provided moderate support. Traders remain optimistic for improved tea quality due to favorable weather conditions.
Published: Sep 15 2025, 12 pm
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