US-India Joint Statement validates MoU for the India-Middle East-Europe Economic Corridor. It will be taken forward, albeit under a challenging geopolitical scenario in the Middle East.
After negative growth in 2022-23, air cargo volumes grew 18% year-on-year from October 2023 to March 2024 and 20% year-on-year from April 2024 to August 2024.
Sectors like fertilisers, oil, auto, chemicals, textiles & metals could be further affected, it warns in monthly report. Diversifying trade routes could lower competitiveness of exports.
This comes when many global agencies have revised upwards their global growth projections for 2024, which could further boost exports. US India’s top export destination, followed by UAE.
Greek PM Kyriakos Mitsotakis will be on a two-day state visit to India starting Wednesday. He will be accompanied by senior officials and a high-level business delegation.
New Delhi, Dhaka have taken collaborative steps in past 2 yrs in terms of transshipment of goods, but India also wants its textile sector to compete with other garment giants like Bangladesh.
Statement by US CENTCOM said missiles were launched by Houthis from areas of Yemen under their control and posed an imminent threat to US Navy ships and merchant vessels.
Freight analytics firm Vortexa said nearly all tankers were choosing to divert around the Cape of Good Hope, adding that most impacted by this detour were ships from India’s west coast and the Middle East.
For decades, India’s defence industry has churned out ‘indigenous’ hardware. Much of it is mere assembly of imported kits or licensed production, masking a deep import dependence.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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