Latest Far East News & Updates

New Delhi, July 4 (IANS) The government on Saturday said it has increased the procurement price of onions by 13 per cent to Rs 2,125 per quintal from Rs 1,875 per quintal, effective from today, thus ensuring better returns for onion farmers and strengthening buffer procurement.The Consumer Affairs Ministry said that procurement of onions through NAFED and NCCF for the government’s Price Stabilisation Buffer is in progress.The revised procurement price will ensure better returns for onion farmers…

Ahmedabad, June 30 (IANS) Adani Ports on Tuesday said it has entered into a definitive agreement with MSC Group under which MSC’s container terminal operating and investing arm Terminal Investment Limited (TiL) will invest for 49 per cent interest in Adani Vizhinjam Port Private Limited (AVPPL), the concessionaire for Vizhinjam port. The strategic collaboration represents the single largest foreign private investment in Indian port infrastructure and cements Vizhinjam’s emergence as a domin…

New Delhi, June 23 (IANS) With the West Asia conflict leading to energy shocks and disruption in supply chains due to the choking of Strait of Hormuz, the importance of alternative trade routes for countries like India has come to the fore, according to a new report.In this context, the Eastern Maritime Corridor (EMC), an Indo-Pacific seaborne trade route between southern India and Russia’s Far East connecting Chennai port with Russia’s Vladivostok port, features both as an economic and stra…

New Delhi, March 17 (IANS) India’s electronics hardware exports recorded a substantial growth in 2024-25, increasing by 32.47 per cent year-on-year (YoY) to reach $38.58 billion, according to the report released on Wednesday.The report from the Electronics and Computer Software Export Promotion Council (ESC) said that the exports stood at $29.12 billion in 2023-24, reflecting a sharp increase driven largely by telecom equipment, particularly smartphones.Smartphone exports alone rose to an esti…