Simplified Trade Finance
Alleviating supply chain bottlenecks, especially in view of the spiraling coal prices, boosting relations with key economies to work on multilateral issues seemed to be on the union minister Piyush Goyal's priority list, heading into the G20 Summit.
As promised in budget 2021, the government earlier this week announced the approval for setting up seven new mega textile parks to elevate India's textile industry.
After much dilly-dallying, the government was all set to announce the new foreign trade policy (FTP) 2021-26 on October 1.
Earlier this week, union shipping minister Sarbananda Sonowal virtually inaugurated a dwarf container train service from Mumbai's Jawaharlal Nehru Port (JNPT) to ship the first batch of consignments to inland container depot Kanpur.
It looks like our sugar traders would soon be on a sugar high as they are now gearing up to witness a bumper export season with the international price of the commodity at a four-year high of around 20 cents/lb.
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