Globus Logisys update

  • Globus Logisys India enthusiastically celebrated India’s 75th anniversary of independence on 15th August by hoisting the tricolour and singing the national anthem and patriotic songs.

  • India is an attractive investment hub for foreign investors in the manufacturing sector. Many international manufacturers have established manufacturing facilities in the country, including mobile phones, luxury brands, and automobile manufacturers. Several factors contribute to India’s position as the fastest-growing major economy in the world.

  • In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR.

  • The trade volume between India and Russia has increased in the last three months, facilitated by the International North-South Corridor (INSTC).Iran Shipping Lines has transported over 3,000 tonnes of goods and 14 containers between May and July.

  • The Federation of Freight Forwarders Associations m India (FFFAI) introduced FIATA Bill of Lading (eFBL) in India. The implementation of eFBL will empower MSME Customs brokers and Freight Forwarders Members of FFFAI to issue their own Bill of lading using FIATA Network. Further it will leverage the Logistics industry without depending upon Liner Bill of Lading for Multimodal transportation and enhance their capability to enhance business thinking towards owning own container and establish Indian Flag registered Shipping Line.

  • Bhutan has decided to re-open its borders for tourists for the first time since the pandemie began in 2020 – with the country welcoming international tourists from 23 September.