Latest news with #IndianChamberof
The Hindu
24-05-2025
- Business
- The Hindu
1,238 candidates get employment through job fair in Coimbatore
As many as 1,238 candidates got employment through a job fair organised by the Indian Chamber of Commerce and Industry, Coimbatore, on May 22 and 23. A press release from the Chamber president Rajesh Lund said the fair, held under the Naan Mudhalvan scheme of the Tamil Nadu government, saw participation of 76 companies from banking, manufacturing, Information Technology, and service sectors. As many as 2,258 students participated in the fair that was held in four sessions on the two days. Of the 1,238 who got placed, 216 received employment letters at the fair, the release said.
Time of India
19-05-2025
- Business
- Time of India
Clothes of Rs 5 crore wait at border as 36 B'desh trucks caught in ‘no man's land'
Kolkata: As many as 36 garment-laden trucks have found themselves stranded between Bangladesh's Benapole and India's Petrapole borders, following a Saturday notification by the Union ministry of commerce and industry banning the entry of ready-made garments from the neighbouring cou-ntry through land ports. The trucks carry clothes worth nearly Rs 5.5 crore. Before the trucks were stopped at Petrapole, they had cleared all formalities at the Bangladesh checkpost. Following the ban, daily truck arrivals from across the border in North 24 Parganas dropped from 218 on Saturday to 140 till 7.30pm on Sunday, with the garment trucks out of the picture. Numbers had already been hit by an April ban on transshipment of garments from Bangladesh to a third country via Kolkata airport. The double ban would hit Bangladesh more than India, say experts, since the Rs 6,000-crore worth of garments imported from Bangladesh comprised 0.5% of Indian market. "Around 93% of the garments from Bangladesh arrive via land route. Of this 80% enter through the Bengal border," said Sanjay Jain, chair of the national textile committee at the Indian Chamber of Commerce, and a lead exporter. Besides the garment exports, Bangladesh imports yarn, cloth, textile machinery, and other components from India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Want Lower Bills Without Changing a Thing? elecTrick - Save upto 80% on Power Bill Learn More Undo The neighbouring country can continue to use sea ports for doing business with India. However, the consignments can land only at Kolkata port or the Nhava Sheva port in Mumbai. Importers said most Indian traders were unlikely to use this route as it would be time-consuming and make inventory management a challenge. This may force Bangladeshi exporters to send the consignments by flights, which will further drive up logistics costs. Before the transshipment ban in April, almost 80-90 tonnes of made-in-Bangladesh garments used to be exported via Kolkata airport. The cost of air cargo from Kolkata, including the road transport from Dhaka to Kolkata, was around $3-3.5 per kg against the $5.5-6 per kg average air freight rate in Dhaka, making export via Kolkata airport a preferred choice among Bangladeshi garment exporters. Industry players are concerned about the souring relationship between the neighbours and the successive bans. "This trade embargo creates hurdles in business. International brands like Zara, H&M, Nike and Primark prefer Bangladesh due to its low cost of production owing to cheap labour. But if material costs go up, they may shift to Vietnam, Sri Lanka or China," said senior export-import logistics specialist and consultant Jaideep Raha. As many as 36 garment-laden trucks have found themselves stranded between Bangladesh's Benapole and India's Petrapole borders, following a Saturday notification by the Union ministry of commerce and industry, banning the entry of ready-made garments from the neighbouring country through land ports. The trucks carry clothes worth nearly Rs 5.5 crore. Before the trucks were stopped at Petrapole, they had cleared all formalities at the Bangladesh checkpost. Following the govt ban, daily truck arrivals across the border in North 24 Parganas have dropped from 218 on Saturday to 140 till 7.30 pm on Sunday. The numbers had already been hit by an April ban on transshipment of garments from Bangladesh to a third country via Kolkata airport. The double ban would hit Bangladesh more than India, say industry experts, since the Rs 6,000-crore worth of garments imported from Bangladesh comprised only 0.5% of the ready-made market in the country. "Around 93% of the garments imported from Bangladesh arrive via the land route, of which 80% enter through the Bengal border," said Sanjay Jain, chair of the national textile committee at the Indian Chamber of Commerce, and a lead exporter. Bangladesh also imports yarn, cloth, textile machinery, and other components from India. "These trucks cleared all formalities at the Bangladesh checkpost and were to roll into India when the notification arrived at 7 pm, and they were immediately stopped," said Petrapole Clearing Agent Staff Welfare Association Secretary Kartik Chakraborty. Bangladesh, however, can continue to use the sea ports to continue doing business with India. However, the consignments can land only at Kolkata port or the Nhava Sheva port in Mumbai. Importers said most Indian traders were unlikely to use this route as it would be time-consuming and make inventory management a challenge. This may force Bangladeshi exporters to send the consignments by flights, which will further drive up logistics costs. Before the transshipment ban in April, almost 80-90 tonnes of made-in-Bangladesh garments used to be exported via Kolkata airport. The cost of air cargo from Kolkata, including the road transport from Dhaka to Kolkata, was around $3-3.5 per kg against the $5.5-6 per kg average air freight rate in Dhaka, making export via Kolkata airport a preferred choice among Bangladeshi garment exporters. Industry players are concerned about the souring relationship between the neighbours and the successive bans. "This trade embargo creates hurdles in business. International brands like Zara, H&M, Nike, and Primark prefer Bangladesh due to its low cost of production owing to cheap labour. But if material costs go up, they may shift to Vietnam, Sri Lanka, or China," said said senior export-import logistics specialist and consultant Jaideep Raha.
Express Tribune
14-04-2025
- Business
- Express Tribune
China, India discuss restarting direct flights after five-years
Listen to article India and China have held one round of talks on resuming direct passenger air services, but no dates have been fixed yet, New Delhi said on Monday, as relations continued to thaw five years after a deadly border clash. The neighbours agreed in January to work on resolving trade and economic differences, in a move expected to boost their aviation sectors, particularly China's which has lagged other countries' in rebounding from the COVID pandemic. 'The civil aviation ministry and our counterpart in China have had one round of meetings,' Civil Aviation Secretary Vumlunmang Vualnam said at a conference organised by the Indian Chamber of Commerce in New Delhi. There were still some issues to resolve, he added, without going into detail. Relations soured between India and China in the wake of the 2020 clash between troops along their border in the Himalayas, which killed at least 20 Indian soldiers and four Chinese. India imposed restrictions on Chinese companies investing in the country, banned hundreds of popular apps and cut passenger routes, although direct cargo flights continued. Relations have improved since an agreement in October to ease a military standoff on the mountainous border, the same month that President Xi Jinping and Indian Prime Minister Narendra Modi held talks in Russia.
