In a major milestone, the Paradip Port Authority has achieved the highest record of handling 116.13 million tonnes of cargo in the 2021-22 financial year, surpassing the previous record of 114.55 million tonnes in the 2020-21 fiscal. Officials said that despite a 30 per cent drop in iron ore traffic due to international market conditions and poor demand, they managed to improve their cargo handling by focusing on other commodities.

With growing complementarity between the economic priorities of the two nations, India and Australia, signed the Economic Cooperation and Trade Agreement (ECTA), marking a major step towards lifting their economic relationship to the next level. To be followed by a Comprehensive Economic Cooperation Agreement (CECA) by year-end or early next year, this will be one of the fastest agreements to be concluded by either of the countries. The agreement will pave the way for greater cooperation between the two countries in the economic space and will be instrumental in developing and expanding bilateral trade.

. Colliers appoints Rao Srinivasa as Managing Director, Data Centers, with immediate effect. Srinivasa is an industry veteran with more than two decades of experience in project management, design and building, commissioning, and facility operations for data centers, critical infrastructure, and commercial real estate. Srinivasa will lead the entire Data Centers operations for the project management business and execute large-scale projects to build Colliers’ portfolio in the data centers sector