Let there be no light: Sombre shadow over Gateway of India as boat tragedy 'sinks' in
Mumbai (PTI): Tourist boats docked in the Arabian Sea at the Gateway of India, a popular attraction in south Mumbai, usually remain brightly illuminated until late in the night.
However, they were not lit up on Wednesday night, reflecting the somber mood that prevailed after a boat tragedy off the Mumbai coast in which 13 persons, including Navy personnel, lost their lives. Ninety nine passengers were rescued from the boat.
The tragedy unfolded in the evening after a speeding Navy craft crashed into a ferry carrying passengers from the Gateway of India to Elephanta Island, a popular tourist destination around 45 minutes away.
The iconic British-era monument attracts large crowds of tourists from all parts of the country and even the world.
Winters, when Mumbai weather is pleasant, attract even larger crowds at the seafront landmark which recently completed 100 years. Many of them go for boat rides, while some visit Elephanta, a collection of ancient caves located on the Gharapuri island.
Following the tragedy near a jetty off the Butcher island, police stopped tourists entry at the Gateway of India and suspended boat services, docking them at their designated spots. However, the Mumbai-Alibaug boat services, remained operational till the evening.
A musical event of a private financial institution was going on at the Gateway of India even as anxious relatives of the missing persons waited outside the police post to know updates about their near and dear ones.
Offices of tourist boat operators, teeming with people on normal days, were closed. These included the office of the operators whose boat had capsized following the crash. Tourists looked disappointed as the entry was restricted for them.
Police have heightened security in the area and ambulances were seen parked at the Gateway of India. The crash cast a somber shadow over the landmark's vicinity.
Khalashis (assistants) and boat drivers were seen discussing the incident or going about their routine tasks such as preparing food and fetching fresh water in their boats.
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India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
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Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
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Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
