No Acute Shortage of Shipping Containers, Says Sonowal

02 Aug 2024 CW Team

Shipping Minister Sarbananda Sonowal has addressed concerns regarding container shortages, stating there is no acute shortage of shipping containers in India. This announcement comes amidst industry fears about potential disruptions in global supply chains due to container availability issues.

Sonowal clarified that while there might be localized shortages or logistical challenges, the overall container supply in the country remains stable. The government's proactive measures and investments in port infrastructure are aimed at ensuring that container availability meets the demands of India's growing trade volumes.

The minister emphasized that the current container supply situation is being closely monitored and managed to prevent any significant disruptions. He attributed the stability in container availability to ongoing efforts to enhance port efficiency and streamline logistics operations across the country.

Additionally, Sonowal highlighted recent initiatives, including the expansion of container handling facilities and improvements in port operations, as key factors contributing to the stability of the container supply chain. These measures are designed to address any potential bottlenecks and ensure a smooth flow of goods through India's ports.

The government's focus on modernizing port infrastructure and optimizing supply chain management is intended to support India's ambitious trade goals and maintain its competitiveness in the global shipping industry.

Infrastructure Urban

16 Jan 2026

Tanfac Industries Inks 7-year Fluorochemicals Supply Deal with Japan

Tanfac Industries has signed a long-term supply contract with a Japanese customer for the supply of fluorinated chemicals, strengthening its presence in the global specialty chemicals market and enhancing long-term revenue visibility.Under the agreement, the company will supply around 7,500 metric tonnes per annum of fluorinated chemicals, with an estimated contract value of Rs 3.37 billion per year. The total value of the contract is approximately Rs 23.62 billion over a seven-year period. The agreement is scheduled to come into effect from January 1, 2027, and is backed by committed volumes,..

HGS Launches AMLens to Speed up AML Probes with Explainable AI

HGS, a leading provider of digital experience, business process management and digital media services, has launched AMLens, an AI-powered solution designed to accelerate and modernise Anti-Money Laundering (AML) investigations for financial institutions. Listed on both BSE and NSE, the company said AMLens enables faster, more accurate case resolution while helping banks meet increasingly stringent regulatory requirements.AMLens combines machine learning and Natural Language Processing (NLP) to address persistent industry challenges such as manual case handling, alert fatigue and fragmented dat..

Kings Infra Charts ‘Way Forward’ Roadmap for Sustainable Value Growth

Kings Infra Ventures has outlined a refined strategic roadmap, titled “The Way Forward”, aimed at consolidating its market position and accelerating long-term value creation. Anchored in the vision of its Founder-Chairman and Managing Director, Late Shaji Baby John, the strategy focuses on financial consolidation, core business growth and unlocking institutional value from infrastructure and real estate assets.To drive effective execution, the company has adopted a decentralised corporate structure under which each business vertical functions as an independent profit centre. These vertical..