India at 3 percent of global manufacturing compared to China’s 30 percent, says MEA Secretary, Economic Relations. 'Corridor will be essential for trade & supply chains after scale-up'.
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.
The Iran-backed Houthi militants of Yemen have been attacking commercial ships in the Red Sea — a gateway to the trade-critical Suez Canal. This has a direct bearing on India’s energy security.
If you think this is mostly a bit of local bother that will smooth itself out as the dislocations of a reawakening global economy ease off, you might be in for a shock.
With cargoes delayed for weeks, the blockage could unleash a flood of claims by everyone affected, from shipping lines to manufacturers and oil producers.
The 'Ever Given', finally floating on its way again, is in the second class of mega freighters. Next-generation ships with a 20-meter draught would be at constant risk of grounding.
Shipping experts anticipate that the disruption will carry over for months because of schedules being upturned and uneven wave of cargo that will hit ports down the line.
Pakistan's SSG team was not adequately provisioned for the inclement weather. If it managed to consolidate its position, the story of Siachen would have been different.
The reopening of the Strait of Hormuz eases supply fears, but controlled shipping, slow output recovery, and high costs may delay oil flow normalisation for months.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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