Major Boost for Vehicle Imports
ECONOMY & POLICY

Major Boost for Vehicle Imports

In a significant development for the import sector, the Directorate General of Foreign Trade (DGFT) has granted approval for new vehicle imports at Mundra Port and Garhi Harsaru ICD. This decision is poised to have far-reaching implications on the automotive industry, unlocking fresh opportunities for businesses engaged in international trade.

The move comes as a response to the increasing demand for diverse vehicle models in the country. Mundra Port and Garhi Harsaru ICD, key players in the shipping and logistics domain, are now equipped to facilitate the smooth entry of a variety of vehicles into the Indian market.

The DGFT's nod for expanded vehicle imports aligns with the government's broader efforts to liberalize trade policies and encourage economic growth. This decision is anticipated to stimulate not only the automotive sector but also related industries, including transportation, insurance, and retail.

Industry experts predict a surge in imports, with millions of vehicles expected to enter the country in the coming months. The infrastructure and logistics sectors are gearing up to handle the increased volume efficiently.

This development is particularly noteworthy for businesses involved in international trade and logistics, as it opens up avenues for collaboration and expansion. It is poised to strengthen India's position as a key player in the global automotive market.

In a significant development for the import sector, the Directorate General of Foreign Trade (DGFT) has granted approval for new vehicle imports at Mundra Port and Garhi Harsaru ICD. This decision is poised to have far-reaching implications on the automotive industry, unlocking fresh opportunities for businesses engaged in international trade. The move comes as a response to the increasing demand for diverse vehicle models in the country. Mundra Port and Garhi Harsaru ICD, key players in the shipping and logistics domain, are now equipped to facilitate the smooth entry of a variety of vehicles into the Indian market. The DGFT's nod for expanded vehicle imports aligns with the government's broader efforts to liberalize trade policies and encourage economic growth. This decision is anticipated to stimulate not only the automotive sector but also related industries, including transportation, insurance, and retail. Industry experts predict a surge in imports, with millions of vehicles expected to enter the country in the coming months. The infrastructure and logistics sectors are gearing up to handle the increased volume efficiently. This development is particularly noteworthy for businesses involved in international trade and logistics, as it opens up avenues for collaboration and expansion. It is poised to strengthen India's position as a key player in the global automotive market.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?