Indian Envoy Emphasises India-Sri Lanka Ties
The Indian High Commissioner to Sri Lanka has underscored the special relationship between India and Sri Lanka's Eastern Province. This emphasis on bilateral ties reflects the importance of fostering cooperation and collaboration between the two neighbouring nations.
India and Sri Lanka share a deep historical, cultural, and economic bond, with the Eastern Province serving as a significant focal point for their relationship. The envoy's remarks highlight India's commitment to strengthening ties with Sri Lanka and promoting mutual prosperity and development in the region.
The Ea..
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Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis
CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..