Vibrant Gujarat Regional Conferences have broadened Gujarat’s investment story and reinforced confidence amid global uncertainties Amid tariff uncertainties and geopolitical tensions reshaping global investment flows, Gujarat has reinforced investor confidence through a decentralised model that has taken industrial promotion closer to businesses and entrepreneurs across the state.For the first time in the run-up to the…
A vessel at Vizhinjam port Thiruvananthapuram: The concern that Vizhinjam port will turn into a monopoly of Mediterranean Shipping Company (MSC) due to the company’s Rs 13,000-crore investment is misplaced because the port will remain a common utility like Adani Ennore Port.MSC Group’s subsidiary Terminal Investment Ltd (TIL) bought a 49% stake in Adani Ennore…
Thiruvananthapuram: Adani Ports and SEZ (APSEZ) CEO Ashwani Gupta has said that Adani Ports will continue to control the Vizhinjam port after the share transfer involving MSC Group is completed. Adani Group will retain the majority stake, he said in a statement.MSC Group’s subsidiary, Terminal Investment Ltd (TiL), has entered into a definitive agreement with…
Adani Ports and SEZ (APSEZ) Ltd is moving to sell 49% of its stake in Kerala’s Vizhinjam port to Switzerland-based container shipping behemoth MSC Group for around $1.4 billion (more than Rs 13,000 crore). The state government, however, has said that it was kept in the dark about the development. According to the Congress-led government…
Belagavi: Air connectivity from Belagavi is set to improve further, with Star Air announcing a new flight service linking Mundra in Gujarat’s Kutch district to Belagavi via Mumbai. The service will commence on June 23 and operate five days a week.According to an airline release, flights from Mundra will reach Belagavi at 9.30pm, either on…
Industry leaders say higher logistics costs are the new normal amid the West Asia conflict Instead of relying solely on sea routes through the Strait of Hormuz, some exporters are routing cargo via Sohar and Khor Fakkan ports and then using road networks to reach markets across the Gulf region Industry leaders say higher logistics…
Gandhinagar: The state govt said on Thursday that industries in Vadodara and nearby districts of Central Gujarat imported raw materials worth Rs 42,830 crore and exported goods worth Rs 56,084 crore in 2025 under the Union govt’s advance authorization scheme.Under this scheme, when raw materials are imported from overseas, processed domestically, improved through value addition,…
Mundra port, India’s largest commercial seaport Saudi Arabia’s Saudi Ports Authority (Mawani) has introduced a new shipping service connecting Jeddah Islamic Port with India’s Mundra Port, aimed at strengthening maritime trade ties and improving logistics efficiency between the two countries. New SRS service links three key trade hubs The newly introduced “SRS” shipping service will…
Jaipur: The Thar Dry Port Inland Container Depot (ICD) at Hirnoda near Jaipur, developed at an investment of around Rs 300 crore and operationalised last week, is expected to significantly reduce logistics costs, improve export competitiveness and attract fresh industrial investments across the state.Spread over more than 100 acres and located just 55km from Jaipur,…
Coast Guard and Gujarat ATS retrieved 115 packets of cocaine from the sea AHMEDABAD: The cargo vessel, MV Europe, from which Gujarat Anti-Terrorist Squad (ATS) and the Indian Coast Guard seized 115kg of cocaine worth Rs 1,150 crore near Mundra port, had spent nearly 196 days traversing oceans. It made 40 recorded stops at 23…
