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Exports up 48 34% to $32 5 billion; trade deficit at $9 37 billion in June
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For policy stability, Cabinet okays 3-year extension of RoSCTL scheme for textiles exporters
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Cabinet extends RoSCTL scheme for textile exporters till March 2024
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PLA Global Wrap: Week 27
Antonov delivers fire trucks to Central Asia; Geodis acquires US-based Velocity Transport; IAI to build B737 BDSF conversion site in Europe
July 13, 2021
By PLA Editor Antonov Airlines created a solution within a week to get the trucks to Central Asia after a change in circumstances meant short-notice airfreight was the only way to deliver the cargo safely and on time.
In the week 27 instalment of PLA’s Global Wrap, we look at Antonov’s on-time efforts to deliver fire trucks from the Middle East to Central Asia at short notice. We also feature acquisitions from forwarders Geodis and Hellmann as they make strategic strides in expanding their markets in US and Europe. Of course we have the latest B2B updates from our favourite cargo handlers, industry groups and MRO service providers. Here’s PLA Global Wrap: week 26
Post-pandemic spurt in global trade leading to container shortage: CSLA
About 55 per cent of the container fleet is currently sitting in various ports or on water, as against a normal average of approximately 30 per cent, leading to less availability of containers globally and troubling exporters, including those in India, according to the Container Shipping Lines Association (India) (CSLA).
The container shortage faced by Indian exporters is thus a global problem, not country specific, CSLA added.
“From the beginning of July 2020, after months of lockdown, the US and Europe went on a buying spree and started importing big time from India, China and the Far East. At the same time, Indian imports dropped due to low consumer demand locally and certain restrictions placed by the government on imports from China. This created a major equipment imbalance as export demand for containers far outweighed the import supply,” CSLA Executive Director Sunil Vaswani said.