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Engineering goods Exports to US up 6.8% in FY23, Shipments to China down 52.4%
NEW DELHI: The US has remained the top destination for India’s engineering goods exports in the financial year 2022-23 with total shipments value recording 6.8 percent year-on-year growth to $18.67 billion.
The other key markets which registered positive growth include the UK, Germany, Singapore, Saudi Arabia,Mexico,andIndonesia.
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Exports of engineering goods to China continued a downward trend month after month. In FY23, engineering shipments to China fell by 52.4percentyear-on-yearto$2.63billion from$5.53billioninthepreviousyear.
Exports of engineering goods to China continued a downward trend month after month. In FY23, engineering shipments to China fell by 52.4percentyear-on-yearto$2.63billion from$5.53billioninthepreviousyear.
Theothertopmarketsthatrecorded negative growth during the year includedUAE,Turkey,andThailand.
Engineering exports from India, after reaching their all-time high at $112.16 billion during fiscal 2021-22, finished fiscal 2022-23 at $107.04 billion conceding a decline of 4.57 per cent. In rupee terms, however, engineering exports recorded 2.77 per cent growth year-on-year. This disparity was due to the substantial year-on-year depreciation of the rupee vis-a-vis the USDollarin2022-23.
“The decline was a direct result of the depressed global demand, especially in the metal sector. FY23 in general has been a difficult year for global trade. While the end of FY22 marked the recovery from the COVID pandemic it was soon overshadowed by the Russia-Ukraine crisis which dented the European and Central Asian economies to a significant extent,” said EEPC India Chairman Mr. Arun KumarGarodia.
He further said that the decline could have been sharper if timely government measures would not have come.
“We appreciate the efforts made by the Ministry of Commerce which has always been forthcoming in coming up with relief measures. Besides, the encouraging words by Hon’ble Prime MinisterShriNarendraModihavehada catalytic effect. We are grateful for the launch of the Foreign Trade Policy 2023 which covers all important aspects of trade including ease of doing business, introduction of Rupee trade, including the states and the districts in export strategy, export incentives, and infrastructure and logistics,” said Mr.Garodia.
According to the Quick Estimates of the Department of Commerce, Government of India, the share of engineering exports in India’s total merchandiseexportsduringfiscal202223was23.92percentasagainstahigher 26.58percentinfiscal2021-22.
Panel-wise analysis showed that out of 34 engineering panels, 22 recorded growth in exports during 2022-23 while 12concededadeclineinshipment.
Indian engineering exports continuedtodeclineforthefifthstraight month to March 2023 and for eight months in fiscal 2022-23. During March 2023, engineering exports declined by 7.49 per cent to $10.19 billion from $11.01billioninMarch2022.
As many as 16 out of 34 engineering panels witnessed positive year-on-year growth in March 2023, while the remaining18panelswitnessednegative growth in exports. Major engineering productslikeIronandSteel,Productsof Iron and Steel, Aluminium and products, Industrial Machinery, Electrical Machinery and Equipment, Two & Three wheelers, Bicycle parts, Auto Tyres, and Hand tools witnessed a decline in exports during March 2023 vis-à-visMarch2022.
Road Ministry to construct 12,500 km of Highways in FY24: Official
NEW DELHI: The Ministry of Road Transport and Highways (MoRTH) has put plans in place to maintain the pace of highway development and construct 12,500 km of highways in the current financial year, a senior official said recently. Alka Upadhyaya, Secretary, MoRTH, saidRs10,000croreisplanned to be raised through Infrastructure Investment Trusts (InvITs) mode in
FY2023-24.
"MoRTH has put plans in place to maintain the pace of highway development, with a strong pipeline of projectsacrossthecountry.
"For 2023-24, MoRTH has taken up targets to award 12,000 km and construct 12,500 km of highways in the Country,"shesaid.
The Ministry has constructed
10,237 kilometres in 2019-20, 13,327 kilometres in 2020-21 and 10,457kilometresin2021-22.
The National Highways Authority of India (NHAI) and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) are primarily responsible for the construction of national highways and expresswaysinIndia.
Zim Integrated Shipping Services
m.v. “TS NINGBO” V-23003E
The above vessel is arriving at MUNDRA PORT on 24-04-2023 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 :
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. “IAN H” V-23E IGM NO: 2341576 DATE: 22-04-2023
The above vessel is arriving at Mundra on 25-04-2023 as per following details.
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.
If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws.
Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Emirates Shipping Agencies (India) Pvt. Ltd
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers : IMPORT related : ravi.vaghela@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092 IGM m.v. “X-PRESS ALTAIR” V-02315E IGM NO: 2341578
DATE: 22.04.2023
The above vessel has arrived at Mundra on 22/04/2023 as per following details.
Item Nos. B/L NOS.
1 EPIROMMESL202571
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.
If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws.
Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Emirates Shipping Agencies (India) Pvt. Ltd
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India.
In case of any query kindly contact the below E-mail IDS & Phone Numbers :
IMPORT related : ravi.vaghela@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
Notice To Consignees
21.04.2023
The above vessel has arrived at Mundra on 22/04/2023 as per following details.
Item Nos. B/L NOS.
61 EPIRUGESLA200427
Item Nos. B/L NOS. 62 EPIRTZDBFL000138
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.
If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws.
Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Emirates Shipping Agencies (India) Pvt. Ltd
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers :
IMPORT related : ravi.vaghela@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
m.v. “MSC TERESA” Voy : FV316R
I.G.M. NO. 2341091 (EDI) Dtd. 18-04-2023 Exch Rate
84.53
The above vessel has arrived on 21-04-2023 at MUNDRA PORT with Import cargo from UMM QASR PT. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
MUNDRA
Item No. B/L No. 1 MEDUB3023794
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 No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board)
E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com
H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com • www.msc.com
The above vessel is arriving at PIPAVAV PORT on 29-04-2023 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 :
