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NVOCC is a common logistics carrier company that deals with ocean freight. These carriers have partnerships with large ocean freight forwarders and function as an intermediary between businesses and freight forwarders. They are experts at international trade policies and shipping documentation process, and assist companies with their international shipping needs.

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The PLI Scheme for Specialty Steel 1.1 is creating big growth opportunities for MSMEs in India’s steel sector. It offers financial incentives to expand capacity, upgrade technology, and enter high-value segments like electrical and alloy steel. Read on to see how your steel business can benefit and grow under the PLI scheme.

Last updated on: Feb 11, 2026

GST Rate Rationalisation aims to simplify India's complex tax structure by merging slabs, reducing disputes, and improving compliance. It impacts businesses, consumers, and government revenue, ensuring a fair and efficient tax system. While it promises ease of doing business and transparency, challenges like political disagreements, revenue concerns, and inflation risks must be addressed.

Last updated on: Mar 10, 2025

HYSD (High Yield Strength Deformed) bars are high-strength steel reinforcement bars used in construction for superior durability and bonding with concrete. Their ribbed surface enhances grip, preventing slippage and improving structural integrity. Commonly used in buildings, bridges, and infrastructure projects, HYSD bars offer excellent tensile strength, corrosion resistance, and cost-effectiveness, making them an essential component in modern construction.

Last updated on: Feb 19, 2025

Pig iron and sponge iron are two essential raw materials in the iron and steel industry, each with distinct production methods, chemical composition, applications, and environmental impact. While pig iron is produced in blast furnaces and used in foundries and casting, sponge iron is made through direct reduction, offering higher purity and eco-friendliness, making it ideal for modern steelmaking.

Last updated on: Mar 17, 2025
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