logistics costs

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    Texmaco Rail Boosts Freight Capacity with JSW Group Agreement

    Kolkata, March 31 Engineering major Texmaco Rail & Engineering Limited announced on Tuesday that it had received a Letter of Intent (LOI) from JSW Group for the manufacturing and supply of 20 freight wagons, valued at approximately ₹421.38 crore, including GST.The order includes BLCS wagons...
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    Vehicle Prices to Rise for BMW and MINI

    New Delhi, March 19 BMW Group India announced on Thursday that it will increase vehicle prices by up to 2 per cent across its entire range, effective April 1, in order to mitigate the impact of rising logistics costs, material expenses, and a depreciating rupee.The price increase will apply to...
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    Polyester Fiber Costs Rise as Shipping Routes Face Delays

    Coimbatore, March 9 – The ongoing conflict in West Asia and the disruption of maritime traffic through the Strait of Hormuz have begun to impact India's textile sector, with prices of polyester fiber rising sharply in the past week.According to industry representatives, the price of polyester...
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    India's Government to Support Exporters Amid West Asia Crisis

    New Delhi, March 6 The government will use all policy tools and support measures to help domestic exporters deal with the ongoing West Asia crisis, Commerce and Industry Minister Piyush Goyal said on Friday.He said that the government has set up an inter-ministerial group to look into the...
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    Rice Exporters Face Rising Costs Amid Middle East Instability

    New Delhi, March 5 Rice exporters have sought urgent government support to mitigate the impact of shipping disruptions caused by the Iran crisis and instability across key maritime routes, according to a representation submitted by the Indian Rice Exporters Federation (IREF).The Federation, in...
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    Inter-Ministerial Group Established to Address West Asia Shipping Risks

    New Delhi, March 3 The government has set up an inter-ministerial group to monitor developments in West Asia on a daily basis and assess potential vulnerabilities in shipping, logistics, exports, and critical imports, Commerce and Industry Minister Piyush Goyal said on Tuesday.Exporters have...
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    Warehousing Growth & Infrastructure Improvements Drive India's Logistics Strategy

    Union Minister for Consumer Affairs, Food and Public Distribution, Pralhad Joshi, stated today that the government aims to reduce India's logistics costs to below 10% by 2030 to promote the country's development. Addressing the 70th foundation day of the Central Warehouse Corporation (CWC) in...
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    Gadkari Highlights Financial Support for Maharashtra in New Budget

    Nagpur, February 9 Maharashtra has received significant financial support in the Union Budget, with a provision of Rs 89,855.80 crore allocated for tax devolution to the state, said Union Minister for Road Transport and Highways Nitin Gadkari on Monday.Highlighting Maharashtra's share in...
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