Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
High potential: A file picture of a maniline container vessel berthed at the New Mangalore port. - Business Line
Considering the vast potential of coffee cargo in the hinterland areas such as Kodagu, Chikmagalur and Hassan districts of Karnataka, the New Mangalore Port Trust (NMPT) is planning to conduct a trade meet at Madikeri in Kodagu district on February 19.
Sources in the port told Business Line that these three districts put together generate nearly 50,000 TEUs (20-foot equivalent units) of container cargo. Of this, a major share is contributed by coffee cargo.
The port handled nearly 95,000 tonnes of coffee cargo during the current financial year as against nearly 54,000 TEUs in the previous fiscal.
With this background, NMPT is venturing to organise a trade meet with curing house operators, exporters, growers, and trade fraternity along with mainline operators, they said.
Mr Praveen Kumar Bangera, President of the Mangalore Steamer Agents' Association, said that the February 19 trade meet will help attract more coffee cargo to New Mangalore.
cashew trade
Citing the example of cashew trade, he said the cashew importers, under the leadership of the Karnataka Cashew Manufacturers' Association, consolidated the cargo at the points of origin in East and West Africa.
mainline vessels
This paved the way for the calling of mainline vessels at the New Mangalore port.
The port, which started with one mainline vessel three years ago, is now handling more than six to seven mainline vessels a year. This is because of the efforts made by the cashew importers along with the shipping line, he said. With the direct calling of vessels the freight rate is coming down for export cargoes also.
Mr Bangera suggested that coffee trade should follow the same strategy. “Same efforts we require from the coffee exporters who can consolidate the cargo and send them to Mangalore,” he added.
Port officials hoped that more than 100 people ranging from curing house operators, exporters, growers, and mainline operators are expected to attend the trade meet on February 19.
The trade meet is being organised in association with Federation of Karnataka Chambers of Commerce and Industry, and Kodagu Chamber of Commerce and Industry, they added.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
High valuation and stiff competition from larger players are a dampener
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) stock at current ...
₹1490 • HDFC Bank S1S2R1R2COMMENT 1475146015051520 Fresh short positions are recommended with a stiff ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
‘You ready to go to work?’ Joe Biden had asked Kamala Harris before naming her as his running mate. ‘Oh my ...
Writer Narendra’s latest book, rich with vignettes from Bastar and his native village in Uttar Pradesh, ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor