by
Dr. Pramod Sant
Dr. Pramod Sant
A distinguished Industry Expert Refer Pg. 12 See Pg. 9
: 1600/-
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GANDHIDHAM: Shri T.K. Ramachandran, IAS, Secretary, Ministry of Ports, Shipping & Waterways, Govt. of India, visited Deendayal Port Authority, Kandla.
During their visit, the CISF Unit DPA Kandla extended a Guard of Honour to Shri T K Ramachandran, IAS, Secretary-MoPSW, at the North Gate, Kandla.
Shri Sushil Kumar Singh, IRSME, Chairman-DPA, shared insights into the Port's outstanding progress and transformative development efforts. Cont’d. Pg. 10
AHMEDABAD: CII Gujarat Panel on I n t e r n a t i o n a l Tr a d e E x p o r t s a n d Collaboration (ITEC) recently organized the 1st Edition of the Gujarat Exports Conclave with the theme: ‘Empowering Export Competitiveness, Enabling Economic GrowthGujarat's Contribution to India’s $5 Trillion Economy.’ The event aimed to bring together policymakers, industry leaders, exporters, bankers, logistics experts, and freight forwarders to discuss trends and opportunities for advancing Gujarat's export sector Cont’d. Pg. 25
Cont’d. from Pg. 4
During the visit, SecretaryMoPSW, closely inspected v a r i o u s k e y d e v e l o p m e n t projects at DPA Kandla, gaining firsthand insights into the port's growth and modernization efforts.
Shri T K Ramachandran, IAS, Secretary-MoPSW, inaugurated the Labour Amenity Centre in the presence of Shri Sushil Kumar Singh, IRSME, Chairman; Shri Nandeesh Shukla, IRTS, Dy.Chairman; Shri J.K. Rathod, CPES, Chief Vigilance Ofcer; Shri C. Harichandran, Secretary; Shri V. Raveendra Reddy, C h i e f E n g i n e e r ; C a p t . Pr a d e e p M o h a n t y, Dy. Conservator; Shri Ratna Sekhar Rao, Trafc M a n a g e r ; S h r i S u s i l C h a n d r a N a h a k , Chief Mechanical Engineer; Shri A. Ramasamy, Chief Operations Manager; Dr Anil Chellani,
Chief Medical Ofcer; Shri Laljee Ram Meena, H a r b o u r M a s t e r ; S h r i P a n k a j K u m a r, Sr. Commandant-CISF Unit Kandla; and other senior officials, marking another step towards enhancing the well-being of DPA’s workforce.
GANDHIDHAM: A significant step towards enhancing the infrastructure and developmental capabilities of Deendayal Port - Kandla (DPA) was discussed during the recent visit of Shipping Secretary Mr. T.K. Ramachandran at Kandla. A joint meeting was convened by the DPA with stakeholders including the Gandhidham Chamber of Commerce and Industry (GCCI) to address crucial developmental issues.
The GCCI delegation actively participated i n t h e d e l i b e r a t i o n s a n d p r e s e n t e d a comprehensive memorandum consisting of 11 key points aimed at fostering the growth and efficiency of DPA The memorandum highlighted the following critical areas which need to expedite at the earliest:
• The construction of a Coastal Highway from Kandla to Malia to alleviate the challenges of high cargo dwell time at DPA, which hamper the growth of the port. Currently, the cargo landed at Port awaits a longer time for evacuation from the Port due to connectivity constraints.
• The declaration of a Land Policy for Gandhidham-Adipur Townships is much needed, since the last allotment by the Authority in 1998, there has been a noticeable stagnation in the development of these areas due to the lack of a structured framework guiding land use and allocation. Such a policy is crucial not only for facilitating orderly growth and development but also for attracting investments that will further stimulate economic activities in the region.
• Expansion of Kandla Airport alongside the establishment of a new Green Field Airport. The expansion to accommodate bigger aircrafts will undoubtedly serve as a catalyst for economic development, benefltting not only Kutch but also contributing to the overall progress of the nation. Additionally, GCCI advocated for representation on the Board of DPA, reviewed initiatives for the allocation of Jetties 14, 15, and 16 on a PPP Model, and proposed the
conversion of Lease Hold Land into Free Hold through simplified administrative processes. Other crucial proposals included the construction of dedicated facilities for agricultural product exporters, the expedited construction of Oil Jetty No. 9 and 10, and the extension of construction periods for SRC Plots.
Given the stature of DPA on the global map and the anticipated surge in traffic, The Gandhidham Chamber emphasised to expedite the comprehensive modernization of the current infrastructure for transforming DPA into a world-class port capable of meeting future challenges and exceeding international standards.
Shipping Secretary Mr T.K. Ramachandran appreciated GCCI's proactive approach and assured them of a positive consideration of their proposals. The delegation led by GCCI's Immediate Past President Shri Teja Kangad along with Hon Secretary Shri Mahesh Tirthani, Hon Jt. Secretary Shri Jatin Agrawal, Treasurer Shri Narendra Ramanie, Convenor of Port and Shipping Sub Committee Shri Sharad Shetty and Shri Surojit Chakraborty has participated the joint meeting. The Chairman Shri Sushil Kumar Singh, IRSME, D y. C h a i r m a n S h r i N a d e e s h S h u k l a , I R T S , Chief Engineer Shri Ravindra Reddy, Trafc Manager Shri B Ratnasekhar Rao and other Senior Official from DPA were also present in the Joint Meeting
02:37 1.38 09:36 5.35 15:38 3.01 21:27 5.07
Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I Aeriko Anline 16/08
CJ-II Libra DBC 17/08
CJ-III Adonnis DBC 15/08
CJ-IV ABK Tiger BS Shpg. 15/08
CJ-V Lowlands Alma Mihir & Co. 16/08
CJ-VI Propel Success Ocean Harmony 17/08
CJ-VII Hangyang DBC 16/08
CJ-VIII VACANT
CJ-IX AL Yasat II Benline 16/08
CJ-X Waimea Interocean 15/08
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Sparna Chowgule Bros. 17/08
CJ-XIV AL Hadbaa Malara Shpg. 16/08
CJ-XV Victoria Harbour Synergy 17/08
CJ-XVA Gramba Upasana Shpg. 15/08
CJ-XVI Suzy Synergy 15/08
TUNA VESSEL'S NAME AGENT'S NAME ETD
Spar Norma Interocean 15/08
Pacific Vista Merchant Shpg. 15/08
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Rose Gas
OJ-II Sea La Bamba Interocean 15/08
OJ-III Damsgaard Samudra 15/08
OJ-IV Bow Titanium GAC Shpg. 15/08
OJ-V VACANT
OJ-VI VACANT
OJ-VII Silver Manoora Interocean 15/08
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
TCI Anand 10/08 Manglore-CochinTuticorin-Chennai Mohsen Ilyas 10/08 Yemen
Swarna Pushp 10/08
Puffin Bulker 11/08
Southern Shark 11/08
Pacific Pride 12/08
Common Venture 13/08 Cotonou
Lady Serra 13/08
Dawn Haridwar 13/08
Haj Ali 13/08 Somalia
IN PORT & DUE FOR EXPORT
CJ-IV ABK Tiger BS Shpg. West Africa
CJ-III Adonnis DBC Berbera 10,800 T. Sugar in Bags INIXY124070250
CJ-XIV AL Hadbaa Malara Shpg. Nacala
Stream Century Mas Parekh Marine Denmark 261 T. Proj Cargo (03 Pkgs) INIXY124080373
Stream Endeavor Synergy
Stream
Stream Jabal Hafit Interocean
14/08 Jin Rong Cross Trade
CJ-II Libra DBC Brazil
14/08 Eastern Edelweiss MNK & CO. 1,714/5,235/6,374 T.S.Pipes/ S.coils/PVC Resin
14/08 Great Cosmos Arnav Shpg. USA
T. SSS/HMS In Bulk INIXY124080440
22/08 Hai Nam 89 J M Baxi China 18,786/3258/421/247 INIXY124080482 T. Alumina Ball (J.Bags)
CJ-VII Hangyang DBC Australia 34,753 T. Jas Aus Logs INIXY124070241
14/08 IBI DBC Japan 382/672 T. CRC/Pkgs INIXY124070366
14/08 ISE DBC Japan 6,905/44/39/242 T. CRC/E.U. INIXY124080377 Coils/W.Coils/Pkgs
20/08 Josco Changzhou J M Baxi 13,563/2,236 T. PVS Resin INIXY124080363 J Bags/Equipment
Stream Jules Point Synergy Uruguay 31,415 CBM Pine Logs INIXY124080437
CJ-V Lowlands Alma Mihir & Co. 37,232 CBM Pine Logs INIXY124070322
Tuna Pacific Vista Merchant Shpg. 1,27,400 T. Coal In Bulk INIXY124080414
Tuna Spar Norma Interocean Santos Brazil 59,396 T. Sugar In Bulk INIXY124080420
CJ-XVI Suzy Synergy Malaysia 24,245 CBM T. Logs INIXY124080354
CJ-XV Victoria Harbour Synergy Australia 28,978 CBM Pine Logs INIXY124070306
CJ-X Waimea Interocean Ras Al Khair 30,000 T. MOP In Bulk INIXY124080419
Stream Ami Seaport Services San Lorenzo
15/08 Bay Yasu Marinelinks Indonesia
Stream Bow Palladium GAC Shpg. Singapore
OJ-IV Bow Titanium GAC Shpg. Singapore
14/08 Chem Star Samudra Taiwan
T. Palm Prod. INIXY124070104
INIXY124070352
Chem In Bulk INIXY124080367
T. Chem In Bulk INIXY124080457
INIXY124070092 16/08 Hafnia Andesine Interocean
Steamer's Name Agents Arrival on
Rek R J M Baxi 31/07
Jabal Hafit Interocean 29/07
Century Mas Parekh Marine 10/08
SHIPS NOT READY FOR BERTH
Steamer's Name Agents Arrival on Endeavor Synergy 03/08
Sai Fortune Sai Shpg. 11/08
Pegasus 02 DBC 11/08
Arequipa Queen 14/08 China I.G.M. Nos. filed at
Manual EDI Vessels Name Agent
Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 27/08 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) TO LOAD FOR INDIAN SUB CONTINENT 18/08 18/08-AM Maersk Cadiz 431W 4072620 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
22/08 22/08-AM Zhong Gu Hang Zhou4002E 4082944 Global Feeder Sima Marine
22/08 22/08-AM Wadi Duka 2415 4082784 Asyad
15/08 Cap San Juan (V-431W) 4072744 Maersk India Jebel Ali 16/08 Wan Hai 523 (V-52031E) 4082920 Wan Hai Line Nhava Sheva 16/08 Marathopolis (V-433S) 4072748 Maersk India Port Qasim
Interasia Enhance(V-36E) Port Kelang 10-08-2024 Oceana (V-929) Nhava Sheva 11-08-2024 Seaspan Jakarta(V-432W) Pipavav 11-08-2024
Monaco 108E 2402992 Evergreen/KMTCEvergreen/KMTC (FIVE)
19/08-AM Hyundai Force 104E 2402932 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan,
16/08 15/08-1800 Maersk Atlanta 432W 24263 Maersk Line Maersk India Algeciras
23/08 22/08-1800 Maersk Columbus 433W 24273
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
In Port —/— Xin Hong Kong 073E 24266 COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 14/08 16/09 16/09-2200 Xin Beijing 147E 24279 Nansha, Port Kelang (CI1) 17/08
In Port —/— X-Press Carina 432E 24259 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 15/08 22/08 22/08-0700 X-Press Cassiopeia 433E 24276 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 23/08 24/08 24/08-0700 Zhong Gu Chong Qing 434E 24278 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 25/08 16/08 16/08-0630 One Reliability 006E 24257 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 17/08 18/08 18/08-1100 Cap Andreas 013E 24270 ONE ONE (India) (TIP)
19/08 19/08-0400 X-Press Anglesey 24031E 24277
18/08 17/08-2100 One Competence 091E 24269 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 19/08 26/08 25/08-2100 One Hongzhou Bay 056E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
19/08 19/08-0600 Stratford 113E 24267 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 19/08 23/08 23/08-0600 Xin Da Yang Zhou 095E
LOAD
ASIA GULF,
SEA
AFRICAN
16/08 15/08-1800 Maersk Atlanta 432W 24263 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 17/08 23/08 23/08-0300 SM Neyyar 433W 24272 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
27/08 27/08-0300 Seaspan Jakarta 434W 24275
TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE
In Port —/— Xin Hong Kong 073E 24266 COSCO COSCO Shpg. Karachi, Colombo (CI1)
In Port —/— X-Press Carina 432E 24259 Maersk Line Maersk India Colombo. (NWX)
In Port —/— SSL Gujarat 157 24265 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)
16/08 15/08-1900 Mogral 0085 24268 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 16/08 Krishnapatanam, Cochin, Mundra. (CCG)
16/08 16/08-0630 One Reliability 006E 24257 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.
19/08 19/08-0600 Stratford 113E 24267 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
Non-oil exports at USD 89.8 bn
NEW DELHI : The Export-Import Bank of India has projected that the country’s total merchandise exports are expected to reach USD 111.7 billion, marking a year-on-year (y-o-y) growth of 4.2 percent and non-oil exports are anticipated to amount to USD 89.8 billion, reflecting a y-o-y growth of 6.26 percent in the second quarter (July-September) of the fiscal year 2025.
The quarterly report of ExportImport Bank of India suggests that the country’s economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are likely to bolster export performance.
However, the forecast is not without risks. Uncertain prospects for
advanced economies, geopolitical tensions, the ongoing crisis in West Asia, global supply chain disruptions, a
challenges that could impact these projections. India’s merchandise and non-oil export sectors have shown positive growth for three consecutive quarters, a trend that is expected to persist into Q2 Fy2025.
The forecasts for growth in India’s merchandise and non-oil exports are part of India Exim Bank’s quarterly reports, which are released during the first fortnight of May, August, November, and February, covering the corresponding quarters These projections are based on the bank’s proprietary Export Leading Index (ELI) model.
The next forecast, covering the third quarter of FY2025 (OctoberDecember 2024), is scheduled for
release in the first fortnight of November 2024. The ELI model, developed by Export-Import Bank of India as part of its ongoing research initiatives, serves as a leading indicator
movements in India’s exports It incorporates a wide range of external and domestic factors that can influence thecountry’sexportperformance
The model and its results are subject to regular review and validation by a standing technical committee of domain experts, including Dr. Sunil Kumar, Adviser, Department of Economic and Policy Research, Reserve Bank of India;
Jadavpur University; Professor NR Bhanumurthy, Director, Madras School of Economics; and Professor C Veeramani, Director, Centre for Development Studies.
N E W D E L H I : T h e M o d i Government’s flagship Bharatmala Pariyojana Phase-I, which has overshot the expenditure limit, is expected to be completed by 2027-28, the Ministry of Road Transport and Highways (MoRTH) said in its annual report. The Ministry, in its annual report 2023-24, said a revised financial p r o p o s a l f o r t h e B h a r a t m a l a Pariyojana is under process for approval. The Bharatmala Pariyojana Phase-I entails a total length of 34,800 km in 31 states and UTs and more than 550 districts.
“The length awarded is 26,425 km, and the length constructed is 17,411 km so far The programme is expected to be completed by 2027-28,” the report said.
The Cabinet Committee on Economic Affairs (CCEA) approved the Bharatmala Phase-I in June 2017. T h e B h a r a t m a l a P a r i y o j a n a
envisages the development of about 26,000 km length of economic corridors, which along with the Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) Corridors are expected to carry the majority of the freight traffic on roads.
Further, about 8,000 km of interstate corridors and about 7,500 km of feeder routes have been i d e n t i f i e d f o r i m p r o v i n g t h e effectiveness of Economic Corridors, GQ and NS-EW Corridors.
The Bharatmala (approved for an estimated cost of Rs 6,92,324 crore, including other ongoing schemes) is to be funded from Central Road and Infrastructure Fund cess (Rs 2,37,024 crore) collected from petrol and diesel, remittances (Rs 46,048 crore), apart from additional budgetary support (Rs 59,973 crore), expected monetisation of national highways (through Toll-Operate-Transfer
model) (Rs 34,000 crore), Internal and Extra Budgetary Resources (IEBR) (Rs 2,09,279 crore) and private sector investment (Rs 1,06,000 crore).
“However, due to the increase in the project cost as well as the cost of land acquisition, the revised financial p r o p o s a l f o r t h e B
l a Pariyojana is under process for approval,” the report said.
It also said the MoRTH has defined a Vision 2047 for the National Highways sector, which serves as the guiding principle for the Master Plan of National Highways and allied infrastructure.
A c c o r d i n g t o t h e r e p o r t , V i
access to high-speed corridors within 100 – 150 km to all citizens.
Vision 2047 for the National Highways aims to improve passenger convenience with world-class passenger amenities.
m.v. “MSC NICOLE X” Voy : IW432A
I.G.M. NO. 2385063 Dtd. 12-08-24 Exch rate 86.32
The above vessel is arriving on 15-08-2024 at MUNDRA PORT with Import cargo from NINGBO, SHANGHAI, TIANJINXINGANG, BUSAN.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
498 MEDUK4037058
499 YSNBF24072311
500 YSNBF24072312
501 NBDL2024070044A
502 YSNBF24072907
503 ZJYH24070429
504 YSQ2407321
505 MEDUXD563987
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511 MEDUXD692091
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513 MEDUXD697108
514 MEDUXD777884
515 MEDUXD822201
516 MEDUXD681201
517 MEDUXD778650
518 MEDUXD836623
519 MEDUXD821781
520 MEDUXD821773
521 MEDUXD740502
522 MEDUXD739702
523
MEDUXD740460
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525 MEDUXD646055
526 MEDUXD681185
527 MEDUXD690434
528 MEDUXD798245
529 MEDUXD827556
530 MEDUXD575718
531 MEDUXD695441
532 MEDUXD692133
533 MEDUF6787826
534 MEDUF6653861
535 MEDUWC582576
The above vessel is arriving on 15-08-2024 at MUNDRA PORT with Import cargo from TIANJINXINGANG.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
Item No. B/L No. 270 MEDUWC670470
The above vessel is arriving on 15-08-2024 at MUNDRA PORT with Import cargo from NINGBO, LONG BEACH
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
Item No. B/L
463 MEDUVJ577729
The above vessel is arriving on 15-08-2024 at MUNDRA PORT with Import cargo from NINGBO, SHANGHAI, QINGDAO, TIANJINXINGANG, XIAMEN, BATAM ISLAND, SEMARANG, KOBE, YOKOHAMA, BUSAN, MAZATLAN, MANZANILLO, WALVIS BAY, LOS ANGELES, LONG BEACH, OAKLAND.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
132 MEDUWC579606
133 MEDUWC580059 134 MEDUWC581453 135 MEDUWC583277
MEDUWC626613
MEDUWC610427 139 SEX10524075
MEDUK4016888 140 MEDUW1113952
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MUMBAI: India and Russia are exploring the idea of a dynamic reference rate to start a rupee-rouble market, along with allowing greater deployment of the rupee balance that has accumulated in course of trade between the two countries since outbreak of the Ukraine war
A reference or exchange rate is aimed at overcoming the dollar trade barriers raised by US sanctions imposed on Russia in February 2022.
These, along with putting in place a payment confirmation mechanism, are expected to figure during a meeting of senior central bank officials and bankers in Moscow this week The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India.
S o m e R u s s i a n f i n a n c i a l institutions earlier sounded out RBI on a mechanism to let them use rupees lying in special accounts in India for investment in stocks and securities here. There is accumulated rupee balance lying in special, or vostro, accounts that Russian banks have with Indian banks.
This is due to rupee payments for Russian imports exceeding India’s exports to that country.
RBI deputy governor T Rabi Sankar and top officials of some stateowned banks are part of the team visiting Moscow for a meeting of the India-Russia joint business council
for banking and finance. Currently, banks handling export-import payments or any capital flows between the two countries have to take the dollar route in converting the currencies. This means carrying out t w o , a l m o s t s i m u l t a n e o u s , transactions — of rupee to US dollar, and dollars to rouble — in arriving at a r
e e x c h a n g e r a t e However, with several Russian banks barred from using SWIFT the international messaging system that is widely used to confirm cross-border p a y m e n t s t h e s c o p e o f conventional currency transactions with dollar legs has significantly come down.
“Under the circumstances, an INR-rouble reference exchange rate, which can be set by Reserve Bank of India and Bank of Russia, and revised to keep in sync with the underlying market realities, could be used. However, for a reference rate to be a tra
n arrangement where the two central banks open windows to occasionally step in,” said a senior banker
A possible mechanism could be like the one between India and UAE for settlement of trades in non-dollar currencies. Under this, exporters and importers from both countries can invoice trades and make payments in rupee or dirham to settle trades, while the central banks agree to accept the foreign currency for the domestic one. In such an ar rangement,
presence of the central banks, playing the role of some kind of a market maker who would accept the foreign currency, would lend a degree of comfort.
“In their feedback to RBI, some of the banks have left it to the regulator to decide on a suitable system, with adequate security safeguards that could be an alternative to SWIFT,” said another person.
RBI had allowed the investment of the surplus in vostro accounts in Indian treasury bills and government bonds But INR-rouble trade may gather pace if RBI permits the transfer of rupees lying in the trade balance pool to the rupee accounts of Russian foreign portfolio investors. In such a scenario, the funds could invest the amount in securities listed on Indian exchanges and transfer equivalent amounts in roubles to Russian companies that have exported to India but have not accepted payments in rupees.
“Thanks to the sanctions, which have hurt large Russian banks, some of the business has moved to the smaller banks,” said another industry official. “But for larger payments for purchase of oil and other heavy imports, the services of the larger Russian banks are needed. It’s in this context that an INR-rouble market and rate, a more effective investment of the INR balance in vostro accounts, and a payment messaging system, assume significance.”
NEW DELHI: Transport and logistics factor is one of the key challenges for trade between India, Russia and Central Asian countries. Currently, there are no direct rail or road connections between India and these countries.
The operationalisation of the multimodal International North–South Transport Corridor (INSTC) is an important element of strategy aimed to expansion of trade and economic cooperation between India, Russia and Central Asian states.
Of course, the INSTC will not be able to completely replace the entire cargo flow through the Suez Canal, but the establishment creation of an alternative will also be very important for the smooth trade and transport operations. It is important to create reliable and high-quality infrastructure (Chabahar Port and construction of railway to the port in Iran is very important in this regard), as well as competitive services along INSTC routes, according to Eurasian Development Bank.
The experience of single container and logistics operators, through rates, which was implemented along main transport cor ridors of Eurasia (Northern Eurasian/Trans-Siberian Corridor, Central Eurasian Corridor China - EAEU - EU, etc.) should be extend to North South Corridor
T h e d e v e l o p m e n t o f I N S T C transport infrastructure will not yield the expected results without soft infrastructure measures, including harmonisation of procedures and regulations and coordination of transport stakeholders by governments and the private sector For this reason, improving such infrastructure is critical to the INSTC development agenda.
Soft infrastructure improvement a l o n g I N S T C s h o u l d i n c l u d e
Establishment of regular (scheduled) container services from Jawaharlal Nehru Port (Mumbai Nhava Sheva) to Russia and Central Asia via Iran; C r e a t i o n o f f a v o u r a b l e t a r i f f environment; An agreement on mutual trade and transport facilitation; actions
taken towards establishment of free trade areas; Bilateral road transport agreements (especially between Central Asian states and Iran) need to include vehicle weight and dimension r e
third-party semitrailers, etc
The Bank also recommends an agreement to simplify visa issue procedures for transport personnel of all modes of transport; Expansion of cooperation among the customs authorities of the INSTC countries (e g , a per manent task force); AEO mutual recognition agreements conclusion (for Central Asian states); Implementation of best practices i
; Digitalisation of customs formalities: electronic predeclaration and transit declarations, digital customs transit tools, etc and Implementation of digital tools and documents in Central Asia and Iran – e-CMR, e-TIR, e-permits and electronic data exchange for railways.
The above vessel is arriving on 15-08-2024 at MUNDRA PORT with Import cargo from NINGBO, SHANGHAI, QINGDAO, TIANJINXINGANG, XIAMEN, BATAM ISLAND, SEMARANG, KOBE, YOKOHAMA, BUSAN, MAZATLAN, MANZANILLO, WALVIS BAY, LOS ANGELES, LONG BEACH, OAKLAND.
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Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Opposite Reliance Petrol Pump, Nr Rotary Circle, Siddhi Vinayak Complex, 2nd Floor, Office No. 201-208 Gandhidham - 370201 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA.
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
In case of any query,kindly contact Import Customer Service - ;
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents. As Agents :
Gandhidham : Opposite Reliance Petrol Pump, Nr Rotary Circle, Siddhi Vinayak Complex, 2nd Floor, Office No.201-208, Gandhidham - 370201, (INDIA) Tel. : +91 2836257015 • Telefax : +91 2836257016 email : IN363-comm.gandhidham@msc.com • Website : www.msc.com Corporate Identity Number : U63090MH2001PTC133288
I.G.M. 2384945 Dtd. 10-08-24
The above vessel is arriving at MDPT (MUNDRA PORT) with Import cargo from BEIRA, MOMBASA. Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA)
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island,Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA .
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
In case of any query,kindly contact Import Customer Service - ;
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents
NEW DELHI: The government plans to seek Cabinet approval to a policy aimed at increasing India’s share in the global shipbuilding market. The proposed policy includes a recycling credit note scheme, fixed subsidies for shipbuilders, and the creation of three maritime clusters in Andhra Pradesh, Gujarat, and Odisha.
Under the new policy, fleet owners will receive a credit note equivalent to 40 percent of the scrap value for ships dismantled at Indian breaking yards. This credit can be used to offset the cost of constructing new vessels at Indian shipyards. The policy aims to encourage both domestic and international fleet owners to recycle ships in India and build new ones locally
“This scheme will incentivise the recycling of ships in India,” an official said. “To benefit from the credit note, fleet owners must construct new ships in India. If they choose to order
new ships from abroad, the credit will not apply. The goal is to enhance the competitiveness of Indian shipyards on the global stage and attract more orders.”
India holds less than 1 percent of the global shipbuilding market but aims to rank among the top 10 by 2030 and the top five by 2047. The new policy will provide graded subsidies to shipyards: 20 percent for standard vessels, 25 percent for special category ships like oil, gas, and chemical tankers, as well as container
ships, and 30 percent for eco-friendly vessels and those with advanced technology
These subsidies will be fixed for a period through March 2034, with a potential extension until 2047, to offer long-term stability for shipyards when securing orders.
This new scheme will replace the current financial assistance program launched in April 2016. The existing scheme, which offered decreasing subsidies over a 10-year period, has seen limited uptake, partly due to the pandemic and the focus on building naval and coast guard vessels rather than commercial ships.
The Government had allocated Rs 4,000 crore for the existing scheme, but only 10% of this amount has been utilised with less than two years remaining The new policy, dubbed ‘Shipbuilding Policy 2 0,’ seeks to address the shortcomings of the current scheme and boost local shipbuilding.
NEW DELHI: India’s leading
s t e e l m a k e r s ’ b o d y w a n t s t h e Government to impose an export tax on low-grade iron ore and pellets to a d d r e s s l o c a l s h o r t a g e s , a c c o r d i n g t o a l e t t e r b y t h e Indian Steel Association, according to a Reuters report.
India, the world’s fourth-largest producer of the steel-making ingredient, targets to double its steel output to 300 million metric tonnes per year by 2030 to aid its economic expansion and infrastr ucture development.
The ISA has sought a 20% export
tax on low grade ore that has less than 58% iron content , and a 10% export tax on all iron ore pellets, it said in a July 17 letter to the federal Ministry of Steel.
China typically accounts for more than 90% of India’s overall iron ore exports.
The ISA estimates shortages of the steelmaking ingredient in India would rise to more than 100 million metric tonnes per year in the coming years compared to the present 55 million metric tonnes.
India currently does not tax exports of low-grade iron ore,
but levies a 30% export duty on high-grade iron ore.
That has led to some companies blending higher-grade and lowerquality ore for exports, said the ISA, whose members include major producers such as ArcelorMittal Nippon Steel India, Steel Authority of India, JSW Steel and Tata Steel Official data shows that India primarily exports low grade iron ore.
The steelmakers’ body has also sought fast-tracking of iron ore lease auctions and higher production of the ore from state-owned producers to meet the 2030 steel production target.
TUTICORIN: Major port workers in the country are gearing up for a n a t i o n - w i d e i n d e f i n i t e s t r i k e demanding immediate settlement of revision of pay and allowances, including pensionary benefits, following the expiry of the last settlement on December 31, 2021.
T h e n a t i o n a l c o o r d i n a t i o n committee convened at Tuticorin unanimously decided to resort to industrial action, including strike, on or after August 28.
The unions said that the major port workers’ federation submitted a j o i n t c h a r t e r o f d e m a n d s o n
September 5, 2021 and even after the lapse of 31 months, the Bipartite Wage Negotiation Committee (BWNC) could not reach any conclusion on important deals.
T h e m a i n h u r d l e s a r e t h e guidelines imposed by the Shipping M i n i s t r y i n c o n d u c t i n g t h e proceedings of BWNC and the a p p r o a c h o f t h e M i n i s t r y i s unprecedented considering previous negotiations and settlement process.
T h e f e d e r a t i o n s s t r o n g l y objected to the guidelines and demanded a fair wage revision through negotiated settlement as in
the past The important issues to be discussed and settled include revision of pay scales, fitment benefits, protection of existing benefits, implementation of previous settlements, neutralisation of DA, and payment of arrears etc
The unions alleged that industrial relations in the major ports is in a pathetic situation as there weres no discussions with the ministry on port and labour related matters in the last five years In the past, periodical discussions were held at least once in three months to sort out various issues.
m.v. “MARIANETTA” Voy : XA433A I. G. M. 2385054 Dtd. 12-08-24
The above vessel has arrived on 13-08-2024 at MDPT (MUNDRA PORT) with Import cargo from BOSTON, BRIDGETOWN, CAUCEDO, CORONEL, CRISTOBAL, GUAYAQUIL, HOUSTON, KINGSTON, PARAMARIBO, PUERTO CALDERA, PUERTO CORTES, SAN JUAN, SAN VINCENT, VERACRUZ Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA PORT) delivery.
52 MEDUVJ976624
73 MEDUX5927512
76 MEDUZK004378
137 MEDUEJ567738
83 MEDUEJ846181
69 MEDUHM005177
67 MEDUHM022404
132 MEDUHM296099
94 MEDUPA157627
9 MEDUPA158815
96 MEDUSQ190382 74 MEDUVJ605447 45 MEDUVJ809601 33 EX41868 35 MEDUVJ883572 81 MEDUVJ891104 128 MEDUVJ910276
10838458 144 MEDUVJ929862 136 MEDUVJ938939
127 US103036329 121 MEDUVJ953342
22 MEDUVJ955503 12 MEDUVJ956527
49 MEDUVJ960057
44 MEDUVJ960461
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Opposite Reliance Petrol Pump, Nr Rotary Circle Siddhi Vinayak Complex, 2nd Floor, Office No.201-208, Gandhidham - 370201 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA.
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
In case of any query,kindly contact Import Customer Service - ; Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents.
Gandhidham : Opposite Reliance Petrol Pump, Nr Rotary Circle Siddhi Vinayak Complex,2nd Floor,Office No.201-208, Gandhidham - 370201, (INDIA) Tel. : +91 2836257015 • Telefax : +91 2836257016 email : IN363-comm.gandhidham@msc.com • Website : www.msc.com Corporate Identity Number : U63090MH2001PTC133288
Cont’d. from Pg. 4
Key Discussion Points:
• Promoting Gujarat's Key Exporting Sectors
• S t r a t e g i e s t o E n h a n c e E x p o r t Competitiveness in Global Markets
• Free Trade Agreements (FTAs)
• Innovations in Logistics and Freight Forwarding for Seamless Global Connectivity
• Export Financing and Insurance
• Strengthening MSMEs' Export Competitiveness Quotes from the Inaugural Session:
Mr. Sunil Dave, Co-Convenor, CII Gujarat Panel on International Trade Exports and Collaboration and Managing Director, BC Instruments India Pvt Ltd, stated: "Gujarat has established itself as a manufacturing and export powerhouse, contributing significantly to India’s economic growth In today’s competitive global market, constant innovation and adaptation are crucial. This conclave serves as a call to action to address challenges and seize opportunities in Gujarat’s export sector. By enhancing export competitiveness, leveraging Free Trade Agreements, and strengthening MSMEs, we can advance Gujarat’s export sector."
Mr. Kulin Lalbhai, Chairman, CII Gujarat State Council and Vice Chairman, Arvind Ltd, said: "Looking towards Viksit Bharat @ 2047, Gujarat's export sector is poised to drive India's economic transformation. By embracing innovation, sustainability, and advanced technologies, we will enhance our traditional industries and tap into emerging sectors such as renewable energy and electronics. Diversifying our export markets and building globally recognized brands will expand our global reach. With strategic vision and commitment, Gujarat is ready to play a significant role in India’s journey to a $5 trillion economy."
Mr. Tarun Sharma, Deputy Managing Director, India Exim Bank, emphasized: Expanding the export basket and geographies is vital for Gujarat. We need actionable strategies, particularly in enhancing Risk Coverage. Strengthening Risk Management practices with support from organizations like ECGC will unlock greater export potential and ensure long-term success."
Mr. Girish Aggarwal, Managing Director, APM Terminals, Pipavav Port, highlighted: Gujarat's ports are central to India's export sector due to their strategic location and high cargo handling capacity These ports boost trade activities significantly. However, there is a need to expand and diversify port opportunities to accommodate new commodities. Enhancing both physical and soft infrastructure, including workforce development, is crucial for supporting exporters."
Dr James J. Nedumpara, Head, Centre for Trade and Investment Law (CTIL), IIFT, Ministry of Commerce and Industry, Government of India, noted: Gujarat is advancing into new industries such as real estate and energy, focusing on optimizing trade mechanisms like FTAs. FTAs are essential for enhancing market access, reducing tariffs, and attracting foreign investment. They offer competitive advantages, diversify export destinations, and support key industries. Strengthening communication around FTAs is crucial for maximizing their benefits."
Mr. Vinod Agrawal, Co-Chairman, CII Western Region Sub Committee on International Trade and Investment, and Managing Director, Arunaya Organics Ltd, discussed: Gujarat’s progress in expanding exports to South Africa and Latin America
highlights the importance of FTAs in improving market access and competitiveness Innovations in logistics have streamlined supply chains and boosted export capabilities Advancements in export financing and MSME empowerment are crucial for a resilient and dynamic export ecosystem.
Panel Discussion Highlights:
The panel discussion on Transforming Gujarat’s Export Landscape: Sectoral Growth, Global Strategies, and Policy Enhancements had key speakers such as Dr. Rahul Singh, ITS, Joint Director General of Foreign Trade, who spoke about enhancing Gujarat’s trade capabilities through strategic policy and facilitation, and the role of DGFT in exports, referencing reports such as the Exports Preparedness Index by NITI Aayog.
Moderated by Dr Dhaval Sheth, Partner Transformation, Grant Thornton LLP, the panel addressed:
• The Export Dynamics of the Textile Sector in Gujarat – Opportunities and Way Forward
• The Export Dynamics of the Manufacturing and Engineering Sector in Gujarat – Opportunities and Way Forward
• Export Credit Insurance: Enhancing Trade Opportunities for SMEs
• Innovations in Logistics and Freight Forwarding for Seamless Global Connectivity
Panel Speakers:
• Mr Nirag Chokshi, Managing Director, Tacklers Engineering Pvt Ltd
• Ms Manisha Thaker, Vice President, Trialliance Global Solutions & Export Import and Logistics Expert
• Mr. Rahul Shah, Managing Director, Acme Group & LP Group
• Mr Saket Kumar, AGM, Head - Export Credit Guarantee Corporation, Ahmedabad
The session was attended by approximately 90 exporters, logistics experts, leaders from the shipping and maritime industr y from across Gujarat, underscoring the importance of collaboration in advancing the state’s export potential and aligning with India’s economic goals.
