Wednesday, Oct 9 2024 | Time 06:14 Hrs(IST)
image
Business EconomyPosted at: Sep 6 2024 5:47PM


IMEC would ensure faster movement of goods between Europe and Asia: Goyal

New Delhi, Sep 6 (UNI) India-Middle East-Europe Economic Corridor (IMEC) can add to India's maritime security and faster movement of goods between Europe and Asia, said Commerce Minister Piyush Goyal here on Friday.
Speaking at an industry event, the Minister said that the proposed corridor aims to integrate India, Europe, the Middle-East through UAE, Saudi Arabia, Jordan, Israel and the European Union.
He noted that lower logistics cost, faster connectivity and secure movement of goods would depend on better cooperation in this area.
The ambitious IMEC had been launched last year during India’s G20 presidency.
The Union Minister noted that initiatives like PLI (production linked incentive) scheme, efforts towards Ease of Doing Business (EoDB) through FTAs and economic partnerships have boosted India’s manufacturing growth story and nation’s efforts to promote agri-value chains can support the initiatives between India and Mediterranean countries.
He suggested having a working group on tourism between the nations of the Mediterranean and India as there is a huge potential for cooperation and mutual benefit. He said that India offers a large market for the Mediterranean goods and services given the close connection both the nations have shared over the decades.
Goyal further said that India and Mediterranean countries have huge common interest in the shipping sector adding that the government sees huge opportunity in developing ports and has doubled the port capacity in the last decade.
"We hope to double the capacity of ports in the next five years," he said.
UNI NK GNK
Please log in to get detailed story.
Tags: #IMEC would ensure faster movement of goods between Europe and Asia: Goyal
More News

Uber starts rides with Pets in Bangalore

08 Oct 2024 | 7:29 PM

New Delhi, Oct 8 (UNI) In a good news for pet lovers, Uber, an app based transportation and ride-sharing technology company on Tuesday announced the launch of “Uber Pet” in Bangalore allowing riders to bring their beloved pets along for the ride.

see more..

ICICI Bank partners with PhonePe to offer instant credit on UPI

08 Oct 2024 | 6:57 PM

Hyderabad, Oct 8 (UNI) ICICI Bank on Tuesday announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.

see more..

Torrent Power gets LoA from MSEDCL for supply of 2,000 MW Energy Storage Capacity

08 Oct 2024 | 6:52 PM

New Delhi, Oct 8 (UNI) Private integrated power utility firm Torrent Power Limited has received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant.

see more..

Kottayam-Kochi Rubber market Rates

08 Oct 2024 | 5:13 PM

Kottayam Oct 08 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here on Tuesday per quintal
Kottayam
RSS FOUR: 21000
RSS FIVE : 20700
ISNR TWENTY: 18900
SIXTY PERCENT LATEX: 13950
Kochi

RSS FOUR: 21000
RSS FIVE: 2070
International Rates (Bangkok)
RSS One: 23805
RSS Two: 23654
RSS Three: 23516
RSS Four: 23441
RSS Five: 233328
Kuala Lumpur
SMR TWENTY : 17873($212.85)
SIXTY PERCENT LATEX : 14919($177.65)
UNI PA BD.

see more..

TotalEnergies EP Ratawi Hub selects IBS Software to revolutionise personnel logistics and tracking

08 Oct 2024 | 5:04 PM

Thiruvananthapuram, Oct 8 (UNI) TotalEnergies, one of the world's leading global integrated energy companies, has selected IBS Software to transform its personnel logistics and tracking operations in Iraq through its affiliate TotalEnergies Exploration Production Ratawi Hub (TEPRH).

see more..
image