+
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
Infrastructure Urban

REC honoured with ‘Best Design Thinking Award’ at DNA Awards 2025

REC, a Maharatna NBFC under the Ministry of Power, has received the ‘Best Design Thinking Award’ at the 5th Distinguished NBFC Awards (DNA Awards) hosted by Banking Frontiers.The award acknowledges REC’s digital initiatives in Retail Bonds, highlighting the company’s efforts to leverage technology and design thinking to improve customer experience and service delivery.Jitendra Srivastava, CMD, REC, congratulated the finance team for their commitment and contribution towards driving innovation. Harsh Baweja, Director (Finance), along with senior officials, joined in celebrating the reco..

Next Story
Infrastructure Urban

How India’s Logistics Sector Becoming Smarter, Faster, and Fairer

India’s logistics system, once criticized for being slow and fragmented, is now showing signs of a genuine turnaround. Policy reforms, new infrastructure, and rapid adoption of technology are changing the way goods move across the country. Officials argue the impact will be felt not just in lower costs, but in faster operations and more equitable opportunities for small businesses.Smarter: Digital Innovation Taking HoldThe biggest shift has been digital. Artificial Intelligence (AI), Machine Learning (ML), IoT and block chain are no longer buzzwords, they are now being used on the ground. Fl..

Next Story
Infrastructure Urban

Hindustan Zinc Charts Multi-metal Future as Cornerstone of 2x Growth Strategy

Hindustan Zinc, a Vedanta Group company and the world’s largest integrated zinc producer, has announced a bold transformation agenda – Hindustan Zinc 2.0 – to evolve from a zinc-and-silver leader into a diversified, multi-metal enterprise powering India’s future growth.Addressing shareholders at the company’s 59th Annual General Meeting, Chairperson Priya Agarwal Hebbar said, “Hindustan Zinc is moving beyond its zinc and silver legacy to become a multi-metal, future-ready enterprise. As demand for critical minerals grows across clean energy, digital infrastructure, and national sec..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?