India’s cruise tourism industry is on the brink of a major transformation, evolving from a niche luxury segment into a mass travel experience. Once catering primarily to affluent travellers, cruises are now attracting middle-class families, retirees, and first-time voyagers. India has set an ambitious target of welcoming 1 million cruise...
India’s ports sector is on a rapid growth, with plans to expand capacity by 500-550 MTPA annually between FY23 and FY28. A report by Motilal Oswal Financial Services highlights that rising cargo volumes, particularly in petroleum, coal, and containerized goods, are driving this expansion. With a strategic maritime location, strong...
Major Port Authorities, Bill 2020 has been brought in to replace the Major Port Trusts Act of 1963. This would be the biggest structural reform in the port sector aimed at aligning the major ports with global standards. It is expected to bring more autonomy, transparency, and efficiency in this...
The Indian bulk liquid storage and logistics industry needs to ramp up capacities, improve customer-centricity and fast-track deployment of new technologies to cater to prospects of growing demand in end-user industries. The bulk liquid storage industry provides vital support to diverse industries including crude oil LNG, POL products, bulk chemicals...
Dr. Pralok Gupta, Associate Professor, Centre for WTO Studies, IIFT and an international trade expert, believes that granting the seventh freedom of air is a mixed bag. While it may be beneficial for traders by promoting greater trade & commerce, it may be a threat to domestic carriers as it...
Seventh Freedom is a lucrative prospect for Indian ports in a competitive market, but the gains in terms of trade and investment must be juxtaposed with the potential impact on the domestic aviation industry. • China has recently decided to permit foreign airlines to fly revenue traffic between two countries...
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