Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India's logistic costs declined by almost 1 per cent last decade. Costs ranged between 7.8 per cent and 8.9 per cent during 2021-22, down from 8.7 per cent and 9.9 per cent during 2011-12, according to a report by think tank National Council of Applied Economic Research (NCAER) and the Department for Promotion of Industry and Internal Trade (DPIIT). This 1 per cent decline may look insignificant, but in pure macroeconomic terms it is worth a thumbs up. Logistics cost has serious implications on the country’s manufacturing sector, export competitiveness and global positioning.
The country has seen serious efforts by all stakeholders in the public and private domains to understand the significance of this cost and to reduce the same. The essential components of logistics cost estimation – (i) transportation cost, (ii) warehousing and storage cost, auxiliary support services cost, (iii) Packaging cost, insurance cost, and (iv) other administrative/ operations cost – were identified.
Also Read : Adani's Vizhinjam Port gets ministry nod to run India's first transshipment operations India revamping coal transport tariffs to lower its carbon footprint, optimise charges for coastal shipping
✅ Indian steel firms analyzing US tariff impact on exports✅ Government mulls reciprocal duties to...
Business 07-Apr-2025
The Competition Commission of India (CCI) has given its approval for JSW Ventures Singapore Pte Ltd,...
Large Corporate 24-Jan-2024
Oil prices are staying close to three-week highs due to tensions in the Middle East and strong deman...
China 20-Feb-2024
The US prefers bilateral discussions over WTO processes for resolving steel disputes with India. Po...
US 19-Apr-2025
1️⃣ JSW Steel surpasses global competitors to become the most valued steel company by market capital...
Business 27-Mar-2025
Numaligarh Refinery Limited, a major player in India's oil and gas industry, recently achieved a rem...
Oil & Gas 16-Feb-2024