GUJ-20-07-2023

Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030 : Karan Adani

AHMEDABAD: Adani Group’s biggest revenue contributor, Adani Ports and Special Economic Zone Ltd. (APSEZ),intendstobecome

the world’s largest port company, augmenting its annual cargo volumes to 1billiontonnesby2030from340milliontonnes now, said the company’s CEO Karan Adani inthelatestannualreport.

Deendayal Port bags Quality Mark Awards 2023

AHMEDABAD: Deendayal Port Authority, Kandla bagged the 12th EditionQuality Mark Awards 2023 under the category of “Pioneer Industry - Maritime Services” atAhmedabad,Gujarat.

Shri Shantanu Thakur, Hon’ble Minister of State for Ports, Shipping & Waterways presented the award to Shri Nandeesh Shukla, IRTS, Dy. Chairman-DPA and ShriY.K.Singh,Sr.Dy.Secretary,DPA.

The award ceremony was graced by many Bureaucrats, Govt. Officials along with

Mr.GulshanGrover,Actor andothercelebrities. DPA Management thanked all the Port Users, Stakeholders,TradeUnions,Employees and Workers for their support and cooperation to achievie this prestigiousaward.

Cont’d. Pg. 6

Mr. KaranAdani

Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030 : Karan Adani

Cont’d. from Pg. 3

While addressing APSEZ’s shareholders in the annual report, Karan Adani said the company plans to evolve from port intermediation to doorstep delivery, which may get APSEZ a larger pie of customers’ logistics spending and subsequently lead to annuityincomes.

APSEZ, which has a market capitalization of Rs. 1.57 trillion, will gradually build its port interests outside India, said Karan Adani. However, he noted that investments outside India are more likely to be in operationalportsandwithalimitedequityexposure.

“Theportsbusinesscontinuedtobeapillarofstrength on all fronts. APSEZ continues to be amongst the most profitable port operators globally with port EBITDA margin of 70% – and, by 2030, we intend to be not only the mostprofitableportcompanyintheworldbutalsoIndia’s

largest transport utility capable of handling a billion tonnesofcargoannually,”saidGautamAdaniinaseparate address to the shareholders of the group’s listed flagship AdaniEnterprisesLtdonTuesday,18thJuly.

Gautam Adani said that the acquisition of Haifa Port in Israel will allow Adani Group to connect its ports across the Indian Ocean and the Mediterranean, giving the group a strategic position to capitalize on the growth ofbothIndiaandthewiderregion.

On 3 July, Adani Ports said it handled 101.4 million metric tonnes (MMT) of cargo during the first quarter of FY24, a 11.5% year-on-year jump as compared to the same period in the previous fiscal. “Growth observed across most ports and all three broad cargo segments –Container +19%, Liquids & Gas +8%, and Dry Bulk +7%,”thecompanysaid.

InJunealone,AdaniPortshandled32.8MMTofcargo including1MMTattheHaifaPort.

IMO appoints new Secretary-General

LONDON: The International Maritime Organization (IMO) Council has appointed Arsenio Antonio Dominguez Velasco of the RepublicofPanama,foraninitial4-yeartermasthenext Secretary-General.

Valesco will start his tenure as of 1 January 2024, subject to the Assembly’s approval.

The decision was cast via a secret ballot carried out today as part of the 129th session of the Council of the IMO taking place from 17thtothe21stofJuly2023.

Seven member states of the IMO had nominated candidatesforthepostofSecretary-General,astheterm of the current incumbent, Kitack Lim of the Republic of Korea,issettoexpireonDecember31,2023.

The seven nominees were Moin Uddin Ahmed of Bangladesh, Suat Hayri Aka of Turkey, Arsenio Antonio Dominguez Velasco of Panama, Cleopatra Doumbia-Henry of Dominica, Nancy Karigithu of Kenya,MinnaKivimäkiofFinland,andZhangXiaojie ofChina.

The new Secretary General of the IMO will have a massive responsibility in steering the industry forward, especially on the heels of the new targets agreed under the 2023 Strategy on the Reduction of Greenhouse Gas EmissionsfromShippingjustoveraweekago.

“It has been a great pleasure and privilege to work with Kitack Lim over the past eight years. Kitack steered the International Maritime Organization (IMO) successfully through challenging times, calmly and with direction, and everyone at the InternationalChamberofShippingwishesKitackevery success in his future endeavours,” Guy Platten, Secretary General of the International Chamber of Shipping, said.

“We look forward to working with Mr Arsenio Dominguez(Panama),andknowthatMrDominguezwill lead with equal measures of authority, purpose and compassion. The position of IMO Secretary General is not an easy one, and there are undoubtedly challenges ahead as the industry strives to meet the 2030, 2040 and 2050 targets, but it will be a pleasure to tackle these challenges head on with Mr Dominguez for a better and saferfutureforourindustryanditspeople.”

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 20/07/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR

GENERAL CARGO VESSELS

READY FOR

NOT READY FOR BERTH

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

/ IN PORT FOR IMPORT DISCHARGE

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

CONTAINER

DUE / IN PORT FOR IMPORT DISCHARGE

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI)

(As on 20-07-2023)

19-07-2023 ´ ´ ´´ FOREIGN

RATES ´´ ´´ ´

HH H H H We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

OTHER PORTS OF GUJARAT

ADANI PORTS & SEZ LIMITED (Adani CT, Mundra)

Monthly Port Throughput for the Month of JUNE - 2023

MONTHLY ICD THROUGHPUT

m.v. “MSC RAFAELA” Voy : JD327R

I.G.M. NO. 2349566 (EDI) Dtd. 18-07-2023 Exch Rate 84.75

The above vessel has arrived on 19-07-2023 at MUNDRA with Import cargo from UMM QASR PT. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 19-07-2023 at MUNDRA with Import cargo from LIBREVILLE, UMM QASR PT, ONNE, TINCAN/LAGOS, SOHAR, FREETOWN, LOME.

Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery. Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. 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.

- Charges enquiry on land line - 619100

- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804

As Agents :

MSC AGENCY (INDIA) PRIVATE LIMITED

Gandhidham : Siddhi Vinayak Complex, Plot

&

: MSC

Andheri Kurla

Andheri (East), Mumbai - 400 059

: +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com

Commerce Ministry looking at fixing export target in a range for this fiscal

NEW DELHI: With the increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year’s export target inarangeinsteadofasinglefigure,an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process,theofficialsaid.

Thetargetrangewoulddependon parameterssuchastheUSD1trillion merchandise exports target by 2030; import to GDP ratio of importing countries;exporttoGDPratioofIndia that will tell the potential and past trends.

”We are not fixing any export targetasafigure.Infact,myteamhas done an exercise, where we are saying that let us talk in terms of range. In the best scenario, the

exports can be this much and in the worst scenario, it can be this much,” theofficialsaid.

For a monitoring purpose of exports every month, the official said afixednumberwouldberequiredand that could be a mid-value or an averagemaybeaccepted.

The Ministry has though fixed an internal target which has been to export promotion councils and Indian missionsabroad.

”But we will take some more time before we will come up with our exports targets because based on the current trends, it cannot be right on our part to fix those targets as of now, so we are waiting and watching,” the officialadded.

A trade expert said that in 2022-23, India’s merchandise exports were

USD 450 billion, so the lower band of new target range could be USD451andevenifoneassumesa10 per cent growth in 2023-24, then the upper band of the range could be aroundUSD495billion.

In April this year, apex exporters body Federation of Indian Export Organisations (FIEO) said that they aretargetingtotaketheshipmentsto USD 500-510 billion during the currentfinancialyear.

India’s exports contracted by 22percent,thesteepestdeclineinthe lastthreeyears,toUSD32.97billionin June on account of global demand slowdown, especially in the Western marketsliketheUSandEurope.

Cumulatively, exports dipped by 15.13 per cent to USD 102.68 billion duringApril-Junethisfiscal.

Iran-Russia mulls forming shipping firm that could complement INSTC

NEWDELHI:IranandRussiaare mulling to form a shipping firm that could complement INSTC that connectsIndiawithRussiaviaIran.

Iran’s Ambassador to Russia Kazem Jalali recently stated that authoritiesinTehranandMoscoware exploring the formation of a cooperative shipping firm as part of efforts to strengthen strategic cooperation.

“There is a need to reinforce our ports; there is a need to strengthen theshippingfleet.

Even to create a joint shipping company. I just had a conversation with First Deputy Prime Minister of Russia Andrey Belousov.

Iran’s Minister of Transport also discussed this topic with him. Our Russian counterparts welcomed the creation of a joint shipping company,” theIraniandiplomatstressed.

He stated that “countries need to develop ports and link them like railroads. The potential for freight shippingishugethere.”

Moscow and Tehran are collaborating on a number of fronts to promote bilateral commerce, hasten development of transport links including the International NorthSouth Transit Corridor and its Caspian Sea component, and integrate their banking systems to make it easier to conduct financial

operations. Recently, Iran-IndiaRussia held a high level meeting on smoothimplementationofINSTC.

The move comes as Iran and Russia prepare to conclude a longterm strategic cooperation deal, which will open up several new areas forcollaboration.

Trade exchanges between the two nations quadrupled in 2022. Russia became Iran’s biggest foreign investor during the Iranian calendar year that ended in March with investmentstotaling$2.76billion.

IranandIndiaarealsofocusingon fulloptimizationoftheChabaharPort that would also boost connectivity to CentralAsia.

BRICS Alliance : 3 major countries all set to join in August

SHANGHAI: The BRICS Alliance have a busy month ahead of them. The Annual BRICS Summit is scheduled for the opening week of August. Many things will be on the agenda for discussion, including a newcurrency,Russia’scurrentwarin Ukraine,andexpansion.

Many countries globally have filed applications to join BRICS, with others sharing an interest in joining or participating in BRICS’ New Development Bank. Here are three of the new likely countries to jointheBRICSAlliancethisAugust.

1.Argentina

Argentina has taken significant strides toward joining BRICS. In particular, Argentina has pushed de-dollarization efforts, by ditching the US Dollar for the Chinese Yuan.

Last month, the country was reportedlytoldbytheNDBwouldvote on the country’s introduction into the bankinAugust.

Argentina may be one of the favorites to join Brazil as the only two South American countries in BRICS. We’ll have to wait to hear about the votes and find out if Argentina is in orout.

2.Iran

Al-Monitor reported last month that Iran was in attendance at a BRICS foreign ministers meeting in Cape Town, South Africa. They too have taken steps toward joining BRICS, including submitting an official application. Additionally, the Chinese ambassador to Iran, Chang Hua, said that China supports Iran’s entry into the BRICS bloc.

Hence, Iran already has a foot in the dooroftheBRICSAlliance.

3.UnitedArabEmirates

The UAE’s inclusion in BRICS expands the alliance’s economic potential giving power to challenge the U.S. dollar. The UAE is a significant economic player in the Gulf region and boasts a diversified economy. The economy is built by sectorslikeoilandgas,finance,trade, tourism,andlogistics.

TheUAEiseasilyafavorednation to join BRICS+ upon potential expansion in August, alongside Iran and Argentina. With these three countries set to potentially join the alliance, BRICS will grow its power and influence in the world and may achieve its goal of de-dollarization soonerthananticipated.

m.v.

“EVER URSULA” V-188E

The above vessel is arriving at MUNDRA PORT on 23-07-2023 with Import Cargo in containers.

GOSUNGB1172719 (45’-1)

GOSUNGB1172720 —1

GOSUNGB1172721 —1

GOSUNGB1172738 —1

GOSUNGB1172739 —1

GOSUNGB1172740 —1

GOSUNGB1172768 1—

GOSUNGB20087087 —2

GOSUNGB20087088 —3

GOSUNGB20087091 2—

GOSUNGB20087093 —1

GOSUNGB20087115 —1

GOSUNGB20194148 —2

GOSUNGB9967831 —1

GOSUNGB9967835 —1

GOSUNGB9967836 —1

GOSUNGB9967837 —2

GOSUNGB9967839 —1

GOSUNGB9967840 —1

GOSUNGB9967841 —1

GOSUNGB9967842 —1

GOSUNGB9967843 —1

GOSUNGB9967844 —1

GOSUNGB9967845 —1

GOSUNGB9967876 —1

GOSUNGB9967893 —1

GOSUNNJ1011187 2— GOSUNTG1086434 —1

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods. As Agents :

ADB keeps India's FY24 growth forecast at 6.4% banking on demand strength

MANILA:TheAsianDevelopment Bank (ADB) has retained forecast for India's economic growth at 6.4 per cent for this fiscal year and 6.7 per cent for the next, as it's bullish that robust domestic demand will continue to support the region's recovery.

In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to ease, approaching pre-pandemic

levels as fuel and food prices decline. It forecast 3.6 per cent inflation this year for developing economies in Asia,and3.4percentin2024.

The Indian economy grew 7.2percentinthe2022-23fiscalended March 2023. "Asia and the Pacific continues to recover from the pandemic at a steady pace," ADB ChiefEconomistAlbertPark said.

"Domestic demand and services activity are driving growth, while

many economies are also benefiting from a strong recovery in tourism. However, industrial activity and exports remain weak, and the outlook for global growth and demand next yearhasworsened,Parkadded.

In April, the ADB had projected that India's economic growth is expected to moderate to 6.4 per cent in the current financial year due to tight monetary conditions and elevatedoilprices.

Sustained demand from 3PL, automobile and e-commerce sectors to support warehousing leasing; occupancy to remain at 90%: ICRA

MUMBAI: ICRA estimates the industrial and warehouse logistics park (IWLP) supply to grow by 13-15% YoY in FY2024 in the eight primary markets[1] to around 435 million sq. ft., with nearly 52% share of Grade A capacity, while the incremental absorption is estimated to remain at FY2023 levels of around 39 million sq ft. The warehousing sector continues to witness a sustained demand from the third-party logistics (3PL) and automobile sectors, which together accountedfor~53%ofthetotalleased warehousing area in ICRA’s sample[2] as on March 2023. Additionally, the rapid expansion of new-agesectorslikee-commerceand allied services, growing needs of the massive consumption market, and the Government’s focus on Make-inIndiaandthePLIschemespromoting manufacturing have further boosted warehousing demand. The credit profile of warehousing operators is expectedtoremainstable.

Giving more insights, Mr. Tushar Bharambe, Assistant Vice President and Sector Head, ICRA, said: “ICRA expects the Grade A warehousestockfortheeightprimary markets to grow at 17% YoY to 195 million sq. ft. by March 2024 from 167 millionsq.ft.asofMarch2023.Forthe

incremental Grade A supply addition of 28 million sq ft in FY2024, the absorption is estimated to be around 24 million sq ft. Over 30% of the current Grade A stock in India is backed by the global operators /investors such as CPPIB, GLP, Blackstone, ESR, Allianz, GIC, and CDCGroupetc.Thelong-termgrowth prospectsfortheGrade-Awarehouses are supported by the increasing focus of the end-user industries on improving operational efficiencies. The 3PL and the automobile sectors, which accounted for around half of the occupied warehousing area as on March2023,areestimatedtogrowat89% and 6-9% respectively in FY2024. Warehousing demand is further expectedtobesupportedbytherapidly expanding e-commerce sector with estimated growth rate of 30% in FY2024.”

The top five markets namely, Mumbai, NCR, Pune, Chennai, and Kolkata, accounted for 75-78% of total IWLPstockinIndiaasonMarch2023, whiletheoveralloccupancyremained healthy at around 90%. As on March 2024, Mumbai and NCR are expected to account for nearly 50% of the total stock. Notwithstanding the favourable growth prospects, the steep increase in land prices poses a challenge for the players as commensurate increase in rental rates would be constrained by the

highly competitive nature of the industry, resulting from the presence of many domestic and global players in the sector and emergence of new micro markets. As per ICRA estimates,theequityIRRexpectation of a minimum 15% can be met at rentals of Rs 22 per sq ft per month and above, when the land cost ranges between Rs 1 to 1.5 crore/acre. AnincreaseinlandcostbeyondRs2.5 crore per acre, would require rentals upwards of Rs 26 per sq ft per month to achieve the equity IRR of 15%. ThecurrentaveragerentalsforICRA’s sample set stand at Rs 24 per sq ft per month, which makes aggressive landacquisitionsunviable.

Commenting on the outlook for FY2024, Mr. Bharambe added: “The credit profile of warehousing operators is expected to remain stable, driven by healthy occupancy levels, expected rental escalations resulting in increased rental income and comfortable leverage metrics. ForICRA’ssampleset,theoccupancy levelsareestimatedtoremainhighat 95% in FY2024, while the rentals are expectedtoincreaseby5%inlinewith the contractual escalation in lease agreements. The leverage measured bydebt/netoperatingincome(NOI)is expectedtoremaincomfortablyinthe range of 5.5-6 times in FY2024, improving from 6 times in FY2023 on thebackofincreaseinNOI.”

India to lift 20% retaliatory duty on Washington apples

NEWDELHI:Indianscanagaingorge on Washington apples, as the retaliatory tariff of 20% imposed by the Indian Government on this red, juicy variety of the fruit four year ago during the Trump eraissettogobytheendofSeptember.

Washington apples currently attract an import duty of 70%, compared with 50% on apples imported from Iran and Turkey. The higher duty, and the resultant increase in the price, had

resulted in steep fall in its imports. Meanwhile, the possibility of Washington apples flooding the market hasirkeddomesticapplegrowers.

"The Government on June 22 had indicated to do away with the 20% retaliatoryimportdutythatwasimposed during the Donald Trump regime, and it willbecomeeffectivewithin90days,"said Sumit Saran, the India representative of the Washington Apple Commission.

"Washingtonapplegrowershavealready started cultivating more apples for the Indianmarket."

Before the imposition of the tariff, India used to import 7 million boxes, each weighing 22 kgs, of Washington apples.

Washington apples are imported between September and February, when the Indian crop comes to an end, headded.

Warehousing supply in the eight primary markets esmated to grow by 13-15% YoY in FY2024

ZIM INTEGRATED SHIPPING SERVICES

m.v. “EVER URSULA” V-188E

The above vessel is arriving at MUNDRA PORT on 23-07-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges. Consigneesarerequestedtonotethatthecarrierandoragentsarenotboundtosendfurtherindividualnotification regarding the arrival of the cargo vessel or their goods.

As Agents :

ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201

Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433

Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com Mr. Trinath Pal 9824504315 Email:pal.trinath@zim.com

Import Marketing Queries : Mr. Mitesh Rajgor - 02836-235282,229543 E-mail: imp@starship-knd.zim.com

NOTICE TO CONSIGNEES

m.v. “X-PRESS ANTARES” V-23004E

The above vessel is arriving at MUNDRA PORT on 23-07-2023 with Import Cargo in containers.

GOSUNGB9967922 —1

GOSUNGB1171267 —1

GOSUNGB1171273 —1

GOSUNGB1171284 —2

GOSUNGB1172383 —1

GOSUNGB20000417 1

GOSUNGB20000428 —1

GOSUNGB20087123

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201

Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433

Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com Mr. Trinath Pal 9824504315 Email:pal.trinath@zim.com

Import Marketing Queries : Mr. Mitesh Rajgor - 02836-235282,229543 E-mail: imp@starship-knd.zim.com

NOTICE TO CONSIGNEES

ZIM INTEGRATED SHIPPING SERVICES

m.v.

“MTT SANDKAN” V-26E

The above vessel is arriving at MUNDRA PORT on 23-07-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges. Consigneesarerequestedtonotethatthecarrierandoragentsarenotboundtosendfurtherindividualnotification regarding the arrival of the cargo vessel or their goods. As Agents :

NITI Aayog releases the third edition of the ‘Export Preparedness Index (EPI) 2022’ for States/UTs

NEW DELHI: NITI Aayog releasedthethirdeditionofthereport titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs of India. The report was released by Vice Chairman, NITI Aayog, Shri. SumanBery.

Throughout the post-pandemic era, Indian exports have proven their resilience by successfully navigating the challenges thrown up by the post pandemic supply-chain issues and geopolitical factors. To maintain this momentum, India aims to become a global export player by promoting States and further districts as export hubs.TheEPI2022recognizesthatby unlocking regional competitiveness and leveraging our innate diversity, India can enhance its export potential. The Export Preparedness Index by NITI Aayog in association with the Institute for Competitiveness, delves deeper beyond states and examines exports atthedistrictlevel.

The EPI 2022 report seeks to empower State governments with region-specific insights to assist decision-making, identify strengths, address weaknesses, and foster comprehensive growth across States andUTsofIndia.

The comparative analysis of export preparedness among States and UTs introduces a framework that fosters competitiveness within the country. This index empowers stakeholders to identify strategies and improve parameters that impact a state's exports, thereby enhancing its export competitiveness. It provides a comprehensive analysis for policy changes and the creation of a favourable export ecosystem using its data-driven approach. Consequently, this edition can serve as a catalyst for competitive federalism, elevating the export performance of every state and contributing to the nation's overall development. It is important to note

that each iteration of EPI has its own methodology and therefore does not offer itself to comparison across editionsduetoevolvingfactors.

The report presents a comprehensive analysis of India’s export performance in FY22, along with its sector-specific and districtlevel merchandise export trends.

The EPI 2022 Report evaluates the performance of the states across four pillars – Policy, Business Ecosystem, Export Ecosystem, and Export Performance. The index uses 56 indicators which holistically capture the export preparedness of States and UTs in terms of exports at boththestateanddistrict-level.

The overview of the four pillars in theindexis–

• Policy Pillar evaluates states and UTs’ performance based on its adoption of export-related policy ecosystem at a state and district level as well as the institutional framework surrounding the ecosystem.

• Business Ecosystem assesses the prevailing business environment inastate/UT,alongwiththeextent of business-supportive infrastructure, and a state/UTs’ transportconnectivity.

• Export Ecosystem focuses on the export-related infrastructure in a state along with the trade support provided to the exporters, and the prevalence of Research and Development in the state to foster innovation.

• Export Performance is an outputbased indicator which gauges the growth of a state’s export over the previous year and analyses its export concentration and footprint ontheglobalmarkets.

These pillars are further based on ten sub-pillars – Export Promotion Policy; Institutional Framework; Business Environment; Infrastructure; Transport Connectivity; Export Infrastructure;

Trade Support; R&D Infrastructure; Export Diversification; and Growth Orientation.

The EPI 2022 Report observed that most ‘Coastal States’ have performed well, with the states of Tamil Nadu, Maharashtra, Karnataka and Gujarat being the top-performers in the Export Preparedness Index across the country,inallcategoriesofstates.

Indian textile exports shrink, mills facing cash crunch

NEW DELHI: India’s textile and apparel industry saw an 11.3% reduction in exports in June 2023 compared to the previous year while several mills continue to face acute cash loss, report came. Several mills in the South also suspended production citing lack of demand, the reportsaid.

Export of cotton yarn, fabrics, made-ups and handloom products slid by 1.21% year-on-year (y-o-y), shipment of man made products

saw a 17.22 % decline while jute products and carpets plunged by 26.72 % and 15.43% respectively, according to data shared by the Confederation of Indian Textile Industry(CITI).

Textile exports in June 2023 were worth $1,624 million ($1,736 million in June 2022) while apparel exports were worth $1,248 million as opposed to$1,501millionlastyear.

TextilesExportPromotionCouncil, told that export of cotton products was expected to pick up in the next two months as the month-on-month rateofdeclinehadreducedinJune.

Siddhartha Rajagopal, Executive Director

of Cotton

Meanwhile,smallertextilemillsin Tamil Nadu were suspending productionduetolackoforders,itwas reported, K.M. Subramanian, President of Tiruppur Exporters Association, said the smaller companies were the worst affected in theTiruppurcluster.

“APL ANTWARP” V-0FF98E1MA

The above vessel ia arriving at MUNDRA PORT on 24-07-2023 with Import Cargo in containers.

4

GOSUNGB9967916 —1

GOSUNGB9967919 —2

GOSUNGB9967929 —1

GOSUNGB9967946 —1

GOSUQIN3110785 —3

GOSUQIN3601714 1— GOSUQIN6708109 —5

GOSUQIN6900801 —1

GOSUYIW821084 —1

GOSUYIW821085 —1

GOSUYIW821091 —1

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201

Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433

Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com

Mr. Trinath Pal 9824504315 Email:pal.trinath@zim.com

Import Marketing Queries : Mr. Mitesh Rajgor - 02836-235282,229543 E-mail: imp@starship-knd.zim.com

“SEASPAN FELIXSTOWE” V-36W

The above vessel is arriving at MUNDRA PORT on 24-07-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

ZIM INTEGRATED SHIPPING SERVICES

India is now a part of resilient supply chains amongst trusted Global Partners : Piyush Goyal

NEW DELHI: Union Minister of CommerceandIndustry,Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal, appreciated the role of Indian industries and stakeholders in making India a major player in the world economy and a part of resilient supply chains amongst trusted partners. Addressing the 187th Annual General Meeting of Bombay Chamber of Commerce and Industry, the Minister said that the goal of ‘Aatmanirbhar Bharat’ is not about closing doors but opening India to the world for greater international trade and making it a part of global valuechains.

Shri Goyal said that India's competitive and comparative advantages have to be leveraged for

integration with the world economy and this is being focussed upon in the ongoing negotiations for Free Trade Agreements. The Minister noted the measures undertaken to attract investment and improve Ease of Doing Business like the Production Linked Incentive schemes, focus on R&D and innovation, effort to decriminalize corporate offences, reduce compliances, focus on logistics,last-mileconnectivity,etc.

Shri Piyush Goyal highlighted the success of the recent foreign visits of the Prime Minister, Shri Narendra Modi to USA and Egypt and France and UAE as it helped in positioning India on the world map. The Minister said that the bestowing of awards like Grand Cross of the Legion of Honour, France’s highest accolade by the

different countries and prestigious organisations on the Prime Minister is a testimony to growing stature of the Prime Minister representing 140CroreIndiansontheglobalstage.

Shri Goyal quoted the Prime Minister and said, “The third decade of the last century gave new momentum to the struggle for India’s Independence; Now the third decade ofthenewcenturywillgiveimpetusto the development journey of India.” The Minister said that this global recognitionofIndiahasbeenbecause of the significant efforts undertaken by the Government to meet the basic needs of every Indian by serving the poor,engaginginservicewithasense of purpose, encouraging transparency and working towards corruption-freeIndia.

m.v.

“MTT SANDKAN” V-26E

The above vessel is arriving at MUNDRA PORT on 23-07-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

As Agents :

Allcargo Terminals appoints Pritam Vartak as Chief Financial Officer

MUMBAI: Allcargo Terminals Limited (ATL), which recently demerged from Allcargo Logistics, an India-origin global leader in Multimodal Logistics solutions, announced the appointment of PritamVartak as its Chief Financial Ofcer (CFO). Pritam's appointment is effective from 6th July 2023 and is important for strengthening the finance vertical of ATL asitexpandsandpursuesambitiousgrowth.

In his new role as CFO of ATL, Pritam will assume fiduciary responsibilities and act as the Chief Financial Spokesperson for the entity. He will report to Suresh Kumar R, Managing Director, AllcargoTerminalsLimited.

Suresh Kumar R, Managing Director, AllcargoTerminalsLimited, said,"WewelcomePritam to the Allcargo Terminals team. His domain expertise and rich experience will assist in driving our strategic initiativesandrapidgrowthplans.Weareexcitedtohave Pritam on board and firmly believe he will contribute significantlytoourlong-termsuccess."

Deepal Shah, Group Chief Financial Ofcer, Allcargo Group, added, "Pritam’s appointment underlines our commitment to building a robust Finance function for Allcargo Terminals. His deep knowledge of financial planning, reporting, and compliance will be invaluable in navigating the complexities of the logistics industry. I look forward to workingtogethertoachievenewheights."

Pritam brings a wealth of knowledge to his new position, with a remarkable career of more than 21 years. As a qualified Chartered Accountant, hehasheldseveralleadershippositions.

Previously, Pritam served as the CFO of BVC Logistics. His earlier experience at DHL Supply Chain bolsters his comprehensive understanding of the logisticsindustry.

Container Manufacturing in India : Revolutionising the 'Make in India' Initiative

MUMBAI: In a remarkable stride towards bolstering the'MakeinIndia'campaign,Econship,aleading player in the shipping & NVOCC sector, has recently procured its first batch of new build containersinIndia.

This significant development not only promotes the government's ambitious initiative but also serves as a litmus test for the quality of manufacturing within the country. SYMCON® located in close proximity to Ahmedabad, has emerged as a trailblazer in ISO freight container production.Itsignalsapromisingfutureformass manufacturing of containers in India. For far too long,Chinahadenjoyedanalmostcompletemonopolyin this industry due to the various barriers faced by countries like India, such as high taxes, expensive imports, and bureaucratic hurdles. However, recent reformsandthe government'sunwaveringsupporthave emboldened Indian entrepreneurs to take the leap and establish container manufacturing facilities in the country.

Historically, excessive taxes, expensive imports, and acomplexweboflicensingandpermissionshavemadeit arduous for India to compete with the might of China in the container manufacturing sector. The implementation of the Goods and Services Tax (GST) brought some respite; however, challenges persisted, particularly with regards to export initiatives. Issues such as GST on export freight, delayed or disallowed credits, and late GST refunds hampered the competitiveness of export industries. Despite these obstacles, determined entrepreneurs have chosen to embrace the risk of manufacturing containers within India, encouraged by the government's sincere intentions and initiatives to support the industry. Whilehurdlesremain,thegovernmenthasbeenactively involved in providing assistance, but industries call for further reforms and relaxations to facilitate investment and job creation. The 'Make in India' initiative has

become a catalyst for change, fostering a supportive environment for container manufacturing entrepreneurs. The government's commitment to the cause has instilled the necessary confidence in businesses to invest in this sector, despite the lingering uncertainties. With the government's backing, entrepreneurs are taking calculated risks, recognizing the potential for growth and the positive impact their venturescanhaveontheeconomy.Byencouragingmore reforms and relaxations, both at the state and central levels, the government can further incentivise investmentandunleashawaveofjobcreation.

The nascent strides made in container manufacturing within India underscore the transformative power of the 'Make in India' campaign. Econship's recent procurement of new build containers and the emergence of SYMCON® as a pioneer in ISO freight container production are indicative of a promising future for the country's manufacturing industry. Although challenges persist, the government's initiatives and the unwavering spirit of Indian entrepreneurs deserve praise. Moving forward, sustained efforts to address barriers, promote investment, and create a business-friendly environment will propel container manufacturing in India to new heights, fostering economic growth and establishing the countryasaformidableplayerintheglobalmarket.

Mr. Pritam Vartak

Global Maritime India Summit 2023

scheduled on 17-19th Oct : Sarbananda Sonowal

• Event will focus upon new investments opportunies along with collaboraons for knowledge and technology, enhancing trade between naons and to promote Ease-of-Doing-Business

• The official brochure for the ‘Global Marime India Summit’ unveiled

• More than 30 countries are expected to parcipate during the main event.

MUMBAI: Shri Sarbananda Sonowal, Union Minister, MoPSW officially announced the Global Maritime India Summit 2023 in the presence of Shri Shripad Naik, MoS, MoPSW and Govt Officials, Industry Experts, Stakeholders & others in Mumbai. GMIS-2023isscheduledon17th-19thOctober2023.

During the curtain raiser of Global Maritime India Summit 2023, Shri Bhushan Kumar, IAS, JointSecretary,Sagarmala,MoPSW cited,'Capacityof Major Ports has increased more than 1600 MT, cruise passengers traffic have increased threefold, NWT has seen18%jump&numberofseafarershaveincreased.’

The objective of this event is to create an internationalforumforkeydecisionmakersandindustry leaders; to Provide opportunity platform for start-ups, researchers and incubators; to Showcase the latest technology and emerging trends in the maritime sector; to Recognize and celebrate achievers in the maritime sector and to create a Platform to access skilled manpowerthroughindustryacademiainteraction.

AsasignificanthighlightoftheCurtainRaiserEvent, the official brochure for the Maritime India Summit was unveiled. The brochure serves as an essential guide for summit attendees, providing a comprehensive overview of the summit's agenda, speakers, exhibitors,

andkeyinitiatives.TheCurtainRaiserEventmarkedthe official launch of the Global Maritime India Summit’s dedicated website. The website will serve as a central hub for participants and stakeholders, offering easy accesstovitalresourcesandupdates.