Loading...
Supply Chain

"India & The Netherlands Are Working To Build Trusted And Future-ready Supply Chains": PM Narendra Modi

Reporter

Admin

May 16, 2026 0 Comments
PM Narendra Modi addressing Indian Community in the Hague.
PM Narendra Modi addressing Indian Community in the Hague.

Prime Minister Narendra Modi on Saturday said that India and the Netherlands were working together to develop a trusted, transparent, and robust supply chain architecture, while the world is facing an era of overlapping global crises. Addressing members of the Indian diaspora during a community event in The Hague, part of his ongoing five-nation diplomatic tour, PM Modi described the current decade as a “decade of disasters,” referring to a series of global disruptions, from the Covid-19 pandemic to armed conflicts and the emerging energy crisis.

Speaking about the challenges facing the international community, the Indian Prime Minister said humanity is going through an exceptionally turbulent phase with uncertainty and economic stress. He added that the world first faced the Coronavirus Pandemic, followed by geopolitical conflicts and energy concerns, and these overlapping crises are testing the resilience of the global system, while warning of the consequences of inaction. Further, he said that unless we unite, the world will not be able to address the challenge of global security.

PM Modi's remarks came during his address to the Indian diaspora in the Netherlands, where he highlighted the growing strategic, economic, and cultural cooperation between India and the Netherlands. The Indian Prime Minister is currently on a five-nation visit from May 15 to May 20, with the UAE being the first stop of the diplomatic tour.

 

For more such news and updates, visit CARGOCONNECT.

Supply Chain

View more
India Weighs Reduction in Russian Oil Imports as US Sanctions Waiver Nears Expiry
India Weighs Reduction in Russian Oil Imports as US Sanctions Waiver Nears Expiry

Indian refiners are preparing to scale back purchases of Russian crude oil as a temporary US sanctions waiver approaches its expiry, prompting state-run oil companies to reassess sourcing strategies amid growing compliance and financial risks. The waiver, introduced by Washington earlier this year to stabilise global energy supplies during the West Asia conflict, allowed Indian refiners to continue importing certain Russian oil cargoes despite broader sanctions linked to the Russia-Ukraine war. The current authorisation is scheduled to end on May 16, creating uncertainty around future procurement and payment mechanisms. Industry sources indicate that major public-sector refiners, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), are evaluating alternative crude supply routes to reduce exposure to secondary sanctions and disruptions tied to Western financial systems. India sharply increased Russian crude imports in recent months as tensions in the Persian Gulf disrupted traditional Middle East supply chains. Russian oil became a commercially attractive substitute due to discounted pricing and availability through longer Cape-route tanker shipments. According to industry data, India’s Russian oil imports surged to record levels during the peak of the regional energy disruption. However, the economics behind those purchases have begun to shift. Analysts say discounts on Russian Urals crude have narrowed significantly as demand for non-Gulf oil supplies increased globally, reducing the commercial advantage that initially drove higher imports. At the same time, tighter scrutiny from the US Office of Foreign Assets Control (OFAC) has increased compliance concerns for refiners dependent on Western banking, insurance and shipping infrastructure. Indian refiners are now exploring diversification strategies that include higher volumes from the Middle East, West Africa and the United States. Crude sourced from Saudi Arabia, the UAE, Iraq, Nigeria and Angola is being considered as part of a broader effort to maintain supply stability while limiting sanctions-related exposure. Private refiners such as Reliance Industries and Nayara Energy are expected to retain some level of Russian crude sourcing due to greater operational flexibility and different financing structures. Market observers, however, expect Russia’s share in India’s crude import basket to gradually decline if Gulf supply routes normalise and the US waiver is not extended. The shift also has implications for global shipping and tanker operations. A significant portion of Russian crude transported to India over the past two years has moved through vessels operating outside conventional Western insurance and ownership frameworks, commonly referred to as the “shadow fleet.” As enforcement risks increase, Indian authorities and shipping companies are placing greater emphasis on expanding domestic tanker capacity under Indian regulatory and insurance systems. The evolving procurement strategy highlights the growing intersection between geopolitics, sanctions compliance and energy logistics, with Indian refiners balancing supply security against rising regulatory and operational risks in global crude markets. Follow CARGOCONNECT for more such updates.  

Admin May 16, 2026 0
PM Narendra Modi addressing Indian Community in the Hague.

"India & The Netherlands Are Working To Build Trusted And Future-ready Supply Chains": PM Narendra Modi

India to assemble 28% of iPhones Globally by 2026

India All Set To Assemble 28% of iPhones Globally by 2026 As Apple Looks To Diversify Its Supply Chain

India flags concern over West Asia conflict at BRICS 2026

BRICS 2026: India Pushes for Secure Maritime Corridors as West Asia Crisis Threatens Global Supply Chains

KEZAD Secures AED 300 Million Beverage Manufacturing Investment

KEZAD Group, part of AD Ports Group, has signed a long-term land lease agreement with Abu Dhabi Refreshment Company for the development of a state-of-the-art beverage production and distribution facility within KEZAD’s industrial ecosystem. Spread across approximately 32,500 square metres, the facility will support the company’s expanding manufacturing and distribution operations while strengthening Abu Dhabi’s position as a regional hub for fast-moving consumer goods (FMCG) production and integrated supply chains. The project will involve an investment of nearly AED 300 million and is expected to generate employment opportunities while boosting local beverage manufacturing capacity across the UAE and the wider Gulf region. Located within KEZAD, the facility will leverage direct connectivity to Khalifa Port and multimodal logistics infrastructure, enabling streamlined movement of raw materials and finished products. Commenting on the agreement, Abdullah Al Hameli, Chief Executive Officer, Economic Cities & Free Zones, AD Ports Group said, “Our agreement with Abu Dhabi Refreshment Company reflects KEZAD’s ability to attract globally recognised brands seeking scale, efficiency, and proximity to high-growth markets." "Investments such as this reinforce our role in enabling industrial growth and building resilient, future-ready supply chains aligned with Abu Dhabi’s economic diversification agenda,” he highlighted. Fadi Jaber, General Manager, Abu Dhabi Refreshment Company stated, “KEZAD offers an integrated ecosystem with world-class infrastructure and connectivity, enabling us to optimise production, enhance distribution efficiency, and respond more effectively to evolving consumer demand.” "This investment marks a strategic expansion of our operations in the UAE, a market we have been proud to serve for decades," he added. The development comes amid strong industrial growth momentum in Abu Dhabi, as the emirate continues accelerating manufacturing expansion, supply chain localisation and economic diversification initiatives.

Admin May 15, 2026 0
Credent Connect N Care supporting India's growing Healthcare Ecosystem

Credent Connect N Care strengthens Healthcare Logistics Network

Wärtsilä Water & Waste teams up with DHL to enhance spare parts management

Locus representative vendor in Gartner's 2022 market guide for supply chain network design tools

Bolloré Transport & Logistics’ 4PL arm PRISM to manage operational risks of customers effectively

Bolloré Transport & Logistics has deployed PRISM, its next-generation 4PL company designed to meet the specific needs of customers who are engaged in transforming their supply chain. PRISM, which has a presence in every continent, offers a host of integrated services and advice based on its robust expertise in transport and customs. It also offers digital solutions which can be customised and interfaced, either through its own LINK 4PL management system or through reversible solutions available on the market. As part of its operational excellence approach, PRISM will objectively select the best suppliers in the market, contribute to the freight purchasing strategy and provide end-to-end flow management, while seeking to optimise costs and time to market. Depending on the requirements specified, it will also implement optimised transport plans to reduce the carbon footprint of transport operations. PRISM is a global structure with a presence in every continent. The company works with nearly 100 employees in operational hubs in America (Mexico), Europe (Portugal) and Asia (Malaysia), and across its network of centres of expertise in France (Toulouse and Puteaux, also the location of its Head Office) and Switzerland (Geneva). PRISM offers coverage across 3 time zones for 24/7 availability and greater customer proximity. Alain Cohen, Managing Director, PRISM said, “Businesses expect their strategic logistics providers to be committed to performance and able to manage operational risks effectively, within a partnership based on flexibility and transparency. For this reason and in response to these issues, Bolloré Transport & Logistics has created PRISM, a neutral, independent company supporting its customers by committing to a performance obligation, particularly in terms of economic competitiveness and operational excellence.”

Admin October 29, 2021 0

0 Comments