
Trichy exporters to study other airports to raise agro shipment
Trichy: Export Import Federation Trichy (EIFT) jointly with Airports Authority of India (AAI) conducted a stakeholders meeting at Trichy international airport for the first time to improve the volume of exports, mostly agriculture products, and make export operations hassle-free.
Exporters said they will study major airports in south India to increase the volume of exports through Trichy from 20 tonne to 35 tonne a day and demand dedicated cargo flights.
Presently, vegetables, fruits and flowers are exported from Trichy to Gulf and southeast Asian countries using the leftover space in passenger aircraft. Operators prioritise international passengers and their luggage. Based on the occupancy rate of international flights, a limited quantity of exports is allowed.
Hence, exporters are forced to use Chennai and Kochi airports to send their consignments. "International air connectivity is improving in Trichy airport, but we need a dedicated cargo flight, even a narrow-body aircraft is adequate.
Our study finds that around 35 tonne of products can be exported from Trichy, but we are exporting only 50-60% of our potential," N Kanagasabapathy, coordinator, EIFT, said. Customs and Plant quarantine department officials who attended the meeting have assured support to the exporters' plans to increase export volume via Trichy airport.
At the meeting, exporters also raised a demand to reduce export charges collected at the airport. They claimed that around Rs70-90 per kg is collected in Trichy whereas in Kochi, it was around Rs 55 to Rs80 per kg.
"We will visit and explore the best practices followed in Hyderabad and Kochi airports to improve exports of agricultural products from Trichy airport. Need for cold storage facilities will be assessed too," G Sathish Kumar, secretary, EIFT said. Presently, around 270 active exporters with EIFT are exporting products from Trichy airport to Malaysia, Singapore, and United Arab Emirates (UAE). "We will provide required support for exporters to use the airport's infrastructure to scale up their volume.
As far as operating dedicated cargo flights from Trichy are concerned, the decision rests with airline operators," S Gnaneswara Rao, director of Trichy airport, told TOI.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
2 hours ago
- India.com
Why is Trump desperate for a trade deal with China? Know the SHOCKING reasons that brought US to its knees due to...
(File) China Rare Earth Elements: After assuming office for his second Presidential term in January this year, Donald Trump instigated a trade war with China by imposing exorbitant import tariffs on Chinese good. However, nearly six months later, the US President is desperately seeking a trade deal with Beijing to prevent key American industries from collapsing. Here's the reason why Trump made a U-turn on China, and is appeasing the Asian power to seek a China-US trade deal. Why US bent the knee to China? China dominates the global supply of rare earth elements, which are used by the US defense industry to manufacture advanced weapons and defense systems like radar systems, fighter jet engines, etc. According to a report by the South China Morning Post, China controls more than 90 percent of the world's processing and refining of rare earth elements, and also leads in other refining an extraction of other critical minerals like refined gallium, of which it controls 98.8 percent of global production. In recent years, Beijing has leveraged its dominance in critical mineral production and refining as a major negotiating point in trade wars, as well as targeting the defence industries of the US and its allies. The US defense industry is majorly dependent on China for rare earth minerals, but the supply has been nearly halted due to the ongoing US-China tariff war. China has imposed an export ban on rare earth elements to the US, effectively weaking the Pentagon's Pentagon's military preparations and weapons manufacturing capabilities. How China pressured the US into submission? In July 2023, Beijing imposed export controls requiring Chinese exporters to seek permission to ship eight gallium-related and six germanium-related products to other countries. In August last year, the list was expanded to include antimony, and in December, the Chinese Ministry of Commerce imposed export restrictions on gallium, germanium and antimony to the United States, as Beijing anticipated a trade war when Trump assumed office. In April this year, Beijing imposed export restrictions, mandating special export licenses for seven categories of medium and heavy rare earth elements (REEs) – samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium – as well as magnets and other finished products containing these REEs to be shipped out of China. China's sweeping restrictions on REEs brought defense manufacturing to a halt in US and its allied countries, as supplies of rare earth minerals required for weapons' manufacturing rapidly thinned out. Why US requires large quantities of REEs? The United States is world's largest arms manufacturer and its defense sector requires a gargantuan amount of rare earth minerals to manufacture advanced modern weaponry such as precision-guided missiles, stealth fighter jets, naval warships, submarines and advanced radar systems. According to various reports, the US-made F-35 stealth fighter incorporates over 400 kg (900 lbs) of REEs in each unit for its jet engines, avionics, munitions and radar systems. The F-47, US' Next-Generation Air Dominance (NGAD) fighter jet, is expected to contain even larger amounts of critical minerals, due to cutting-edge features like unmanned flight, artificial intelligence integration, and next-gen stealth capabilities. Similarly, US navy warships and submarines require giant quantities of REEs, with Virginia-class submarines requiring 4,200 kilograms and Arleigh Burke-class destroyers needing 2,360 kilograms of REEs for their radars, munitions and other technologies. US Predator drones, Tomahawk missiles, Joint Direct Attack Munition (JDAM) smart bombs, and advanced radar systems all rely on rare earth elements for propulsion, targeting, and guidance. According to experts, more than 80 percent of the Pentagon's weapon system supply chains contain antimony, gallium, or germanium. Does US have REE resources? While the US does have rare earth resources, those pale in comparison to China's gigantic hold on global refining and processing of REEs. The US accounts for around 15 percent of global production of REEs, but its not enough to meet the rare earth needs of US industries, especially the defense sector. Since 2020, the Pentagon has invested $439 million to build domestic supply chains in critical minerals, and a $35 million contract was awarded to MP Materials in 2022 for a heavy rare earth processing facility. However, its supply chain is still miniscule compared to China, and thus needs to import a major chunk of REEs from Beijing. In 2024, MP Materials announced a record production of 1,300 tons of neodymium-praseodymium (NdPr) oxide for producing neodymium magnets, while China produced an estimated 300,000 tons of NdFeB magnets in the same year. China's antimony dominance Additionally, the US does not have any mining facilities for gallium, while China reportedly produced 750 of the 760 tons of primary low-purity gallium produced worldwide in 2024 and is known to have production capacity of up to 1,000 tons. China also holds about 48 percent of the world's mined antimony, controls 98.8 percent of refined gallium production, and is responsible for 59.2 percent of refined germanium production. All these critical minerals are used in the manufacturing of advanced weapons, ranging from armor-piercing bullets, night vision goggles and cables, to nuclear weapons and naval warships.


Mint
6 hours ago
- Mint
Trump says Xi agreed to restart the flow of rare earth minerals. Why are rare earths important for Chinese economy?
U.S. President Donald Trump told news agencies on Friday, 6 June 2025, that China's Xi Jinping has agreed to allow the export of rare earth minerals and magnets to the United States after a new round of talks amid the ongoing trade war. 'Yes, he did,' responded President Donald Trump when a reporter onboard Air Force One asked him about Xi's agreement on the rare earth deal. Trump reassured people that the US-China talks have resulted in a 'very positive conclusion,' which aims to make rare earth minerals no longer a topic of question. 'We're very far advanced on the China deal,' said Donald Trump, cited by the news agency Reuters. The Asian nation has also granted temporary export licenses to rare-earth suppliers of the top three automakers in the United States, reported the news agency, citing people aware of the development. According to Mint's earlier report, China imposed restrictions on its global export of rare earth minerals and magnets in April 2025. Although these restrictions came forth amid the ongoing trade and tariff war between the United States and other world nations, they are not specific to the US but apply to all other nations. Foreign companies like Tesla, Lockheed Martin, etc, from the aerospace, semiconductors, electronics, consumer goods, weapons, and auto sectors are the ones who are affected by this export curb, as they heavily rely on foreign imports for their component manufacturing. Indian automakers and clean energy companies have also suffered as China dominates the market for these rare earth commodities, and export curbs jeopardise the supply chains of many firms around the world. According to the Centre for Strategic & International Studies data, China refines over 92 per cent of the world's rare earth minerals, establishing a global dominance in the sector over other nations. Rare earth materials are used to manufacture many things which people rely on on a daily basis, from smartphone components to wind turbines. According to the news agency Reuters' report, apart from the 92 per cent production, the Asian nation also contributes to nearly 60 per cent of the global rare earth mine production. Several companies around the world are dependent upon the Chinese exports of these rare earth materials for use in the production of other finished goods. These rare earth metals, such as Cerium oxide, Bastnasite, Neodymium oxide, Lanthanum carbonate, Praseodymium, Dysprosium, and Terbium, are among other metals and magnets used to make commodities such as Batteries, Aircraft components, Electric Vehicles (EVs), Solar Cells, Wind Turbines, etc. According to an agency report, the world has 17 elements, including 15 silvery-white metals. The rarity of these materials is determined by the quality of them found in the Earth's crust. As there are very few deposits spread across the world, for China, this acts as a factor to assert global dominance. Data collected from Statista shows that the annual export value of China's rare earths was around $488.8 million. This has dropped marginally over 54 per cent when compared to its 2022 levels of $1,046.8 million. According to an earlier agency report, China restricted at least 16 minerals and related products since 2023, the latest ones coming after the nation retaliated against the US over the tariff war.


Hindustan Times
11 hours ago
- Hindustan Times
Gautam Adani's salary revealed: How his annual pay compares to other business honchos
Industrialist Gautam Adani received a total remuneration of ₹10.41 crore in the fiscal year that ended on March 31, 2025, higher than the previous fiscal but lower than that of his industry peers and, in some cases, even his executives. The 62-year-old is the second richest man in India in terms of net worth, but that doesn't reflect in the salaries he draws. PTI reported, citing annual reports of the listed entities of the Adani group, that Gautam Adani drew salaries from just two out of the nine listed companies in his ports-to-energy conglomerate. The salary did go up 12 per cent compared to ₹9.26 crore he had earned in the previous 2023-24 financial year. Gautam Adani's salary for 2024-25 came from two of the group's listed companies. The first one is the flagship firm Adani Enterprises Ltd (AEL), which paid him ₹2.26 crore salary and another ₹28 lakh in perquisites, allowances, and other benefits. The total earnings from AEL, at ₹2.54 crore, were higher than ₹2.46 crore in the previous fiscal year. He also drew ₹7.87 crore from Adani Ports and Special Economic Zone (APSEZ). ₹1.8 crore of it was the salary, and ₹6.07 crore was paid as commission. In the previous fiscal year, he had received ₹6.8 crore from APSEZ. Gautam Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. Mukesh Ambani, the richest Indian, has forfeited his entire salary since the outbreak of COVID-19. Before the pandemic, he had capped his remuneration at ₹15 crore. But even if the Reliance chief is taken out of the list, Gautam Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal, who earned ₹32.27 crore in 2023-24. Bajaj Group's Rajiv Bajaj got ₹53.75 crore, while Hero Motocorp's Pawan Munjal got ₹109 crore. These figures are from the financial year 2024. According to the FY25 figures, L&T Chairman S N Subrahmanyan earned a whopping salary of ₹76.25 crore, and Infosys CEO Salil S Parekh got ₹80.62 crore. Just like other promoters, Gautam Adani also earns from dividends that the group companies may pay on earnings every year. Adani's salary is lower than that of at least a couple of chief executives of his group companies. AEL CEO Vinay Prakash got ₹69.34 crore. Prakash's remuneration included ₹4 crore salary and ₹65.34 crore in perquisites, allowances, and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company.' Renewable energy firm Adani Green Energy Ltd (AGEL) Managing Director Vneet S Jaain got ₹11.23 crore, while Group CFO Jugeshinder Singh earned ₹10.4 crore in FY25. Gautam Adani, who is worth $82.5 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia. He became the richest Asian in 2022 but lost that position after a damning report by US short-seller Hindenburg Research wiped out almost $150 billion of the market value of his group stock at its lowest point in 2023. He regained the top spot on two occasions last year but again ceded the position to Ambani.