As Chinese economy suffers, Southeast Asian exports take a hit.
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As Chinese economy suffers, Southeast Asian exports take a hit.
Little did China know that winding up its COVID-zero policy would threaten its economy with a double edged blade. In order to open the Chinese economy to the world again, its government ended all lockdowns and as a result, within a couple of months, the country saw another very severe COVID wave with millions of people being infected.China is Southeast Asia’s largest trading partner and monetary tightening by western countries may result in the region’s export demand shrinking even further, which ultimately contributes to a global economic slowdown.?
Vision issues reported among 50% of Indian highway truck drivers.
The ICARE Hospital in Noida conducted a research recently, the results of which discovered that over 50% of Indian truck drivers plying on highways, who were examined by the hospital, suffer from deteriorated vision. In collaboration with the non-profit organization Sightsavers India, the hospital examined the eyes of 34,000 truck drivers nationwide. If India has 9 million truck drivers, then considering the results of the research, around 50% of them would have vision related problems. This deems them unfit to drive without appropriate medical attention. Had they been in a western country, they wouldn’t have been allowed to drive without proper glasses.?
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Nitin Gadkari inaugurates the Sagar Greenfield Link Road, improves connectivity between MP and UP.
Giving a major infra boost to Madhya Pradesh, specifically the backward area of Bundelkhand, the Union Minister for Road Transport and Infrastructure, Nitin Gadkari on Monday inaugurated the Sagar Greenfield Link Road among other highway projects. The road corridor costing around Rs. 11,300 crores will connect Bhopal to Kanpur and reduce the distance between the two cities by about 21 kilometers, while also improving the connectivity from Bhopal to Lucknow, Varanasi, and Prayagraj. This will also improve the logistics operations of the cement and mineral transportation between Uttar Pradesh and Madhya Pradesh.
Gati launches tech-enabled surface transshipment centres (STC) in Maharashtra and Assam.
Gati Ltd.-an Allcargo Group company has launched state-of-the-art and tech-enabled surface transshipment centres (STC) in Nagpur (Maharashtra) and Guwahati (Assam).The launch of these transhipment centres in Nagpur and Guwahati STCs are in line with Gati’s plan to set up 12 modern, automated and environmentally friendly STC. Gati aiming to further strengthen its supply chain and warehousing competencies and network has plans to launch more STCs in Mumbai, Bengaluru and Hyderabad.