March is the traditional low season for the global logistics industry. Ship operators, importers, and freight forwarders are discussing long-term contracts. This is an intricate dance between multiple stakeholders with billions of dollars in revenue.
The Drug Controller General of India (DCGI) has announced a new initiative to enhance the ease of doing business in India. DCGI plans to hold walk-in meetings with stakeholders, starting from February 20, to understand their concerns and suggestions. These meetings will take place every Tuesday and Thursday at the CDSCO Headquarters. The aim is to streamline the drug approval process and create a more business-friendly environment in the country.
The India-Middle East-Europe Economic Corridor (IMEC) trade corridor is a response to China’s Belt and Road Initiative (BRI). It aims to connect India, the Arabian Gulf, and Europe through sea and land routes, reducing trade time, and increasing clean energy production. The project has polarised global debates and can provide significant geopolitical benefits for India. Private sector participation will be crucial for its success, particularly in building core sector projects like dedicated rail lines.
