GUJ-24-07-2023

Need to improve Export-Import logistics efficiency & Global

NEW DELHI : The Department for Promotion of Industry & Internal Trade (DPIIT) held a Logistics Data Bank Project (LDB) Meeting recently to review the measures taken by Port Authorities to improve port performance. While chairing the meeting, Special Secretary (Logistics), DPIIT, Ms. Sumita Dawra highlighted the significance of adopting a holistic approach to improving productivity of ports in order to achieve the USD 2.5 trillion Export-Import target by 2030. Development of infrastructure on PM GatiShakti principles for adequate last & first mile connectivity, improvement of logistics services & enhancing port capacities to handle requisite trade volumes, etc. to be focus areasforport-levelstrategicplanningandfuturedevelopment.

APSEZ to replicate inorganic strategy for achieving transport utility ambitions

MUMBAI : Adani Ports and Special Economic Zone Ltd (APSEZ), said its “inorganic” strategy for buying ports will be extended to acquiring companies and services in the transport utility space as India’s biggest private port operator seeks to become the world’s top transport utility by 2025 togetherwithatargettogrowcargovolumesto1billiontonnes by2030fromthe339.2milliontonnes(mt)inFY23.

The ports unit of the diversified Adani Group said its investments outside India, henceforth, will be in “operational ports and with a limited equity exposure” and in this endeavour it will tie up with a “strong local partner with financialskininthegame”.

Need to improve Export-Import logistics efficiency & Global competitiveness: Special Secretary (Logistics)

…DPIIT deliberates on measures taken by Port Authorities to improve Port Performance Cont’d

from Pg. 4

The meeting saw participation from Officials from the Department of Commerce (DoC), Central Bureau of Indirect Taxes and Customs (CBIC), Ministry of Ports, Shipping and Waterways (MoPSW), National Industrial Corridor Development Corporation Limited (NICDC) and twelvePortAuthorities.

Special Secretary (Logistics) emphasized on the need for targeted interventions to improve Export-Import logistics efficiency and global competitiveness. She said that issues related to disparity in dwell time amongst Indian ports must be addressed with the objective of achieving international benchmark at each port and port wise performance on key metrics such as turnaround time, congestion between port and the nearest check post, etc.must be improved. She also suggested standardizing processes and developing SoPs for speedy cargo clearance to improve timeliness and predictability and reduce the average release time of cargo for imports/exports. She encouraged the participants to strive to achieve the NCTF target(48hoursforseacargoand24hoursforaircargo)and institutionalizetheadoptionofLDBreportfindings.

Some initiatives / projects undertaken by the Port Authorities,includethefollowing:

• Setting up of Centralised Parking Plaza, leading to reductionincontainerholdingchargesfromRs.5000per day to Rs. 100 per day and real-time container tracking using LDB, (24 x 7 RFID tagging / de-tagging of road / rail containers at five container terminal gates) at JawaharlalNehruPort.

• To improve last and first mile connectivity, Mormugao Port Trust (MPT) is constructing (i) four lane road from Varunapuri Junction to Sada junction; (ii) fly over from Baina to Gate No. 9 and (iii) upramp at Baina connecting fourlaneflyoverofNH-17-B.

• ConstructionofsixlanegatecomplexatVishakhapatnam containerterminalforseamlessmovement.

• Cochin port & NHAI has undertaken a capacity augmentation project of the existing 2 lane NH 966B to

four lane connecting Willingdon Island to Kundanoor Jn.(8Kms).

• Chennai Port is developing a Multimodal Logistics Park (MMLP) at Mappedu to provide facilities like Warehouse, Cold storage, Open storage for Containers, Automobile parkingetc.,allunderoneroofwithlatestmechanization.

• Chennai Port is developing a Buffer Parking yard in an areaof84,000sq.mtr.

During the meeting it was highlighted that for achieving thecountry’sExport-Importgrowthtarget,port-wisestrategic planning for developing adequate handling capacities, infrastructure and logistics facilities, advanced / tech-based systemsfortracking100%Export-Importcargo(containerised and bulk and break-bulk), integration with digital systems of partnercountriestobeabletotracecontainersbeyondportof call,isofcriticalimportanceforfuturedevelopment.

Special Secretary (Logistics) laid out the way ahead coveringfollowingactionpoints:

• Ports to develop strategic action plan for improving port performance / productivity to enhance Export-Import logistics efficiency and emerge as global transhipment hubs/preferredtradedestinations,etc.

• Ports to undertake predictive analysis for infrastructure planning to develop adequate handling capacity of increasedExport-Importtradeflowsinfuture.

• Increase adoption of LDB report findings, to analyse trends in dwell time, transit time, congestion, etc. Regular monitoring of data analytics such as those generated under the LDB project, may act as key performance indicators, basis on which the ports can developtheirstrategiesandactionplan.

• Identification of last and first mile gaps to enable efficient hinterland connectivity to be prioritised using PM GatiShakti mechanism. Holistic planning from multimodal connectivity to be undertaken using PMGatiShaktiNationalMasterPlan.

• Facilitate development of digital infrastructure, increase digitisation at ports, efficient service delivery includingroleofCustoms.

APM Terminals Pipavav receives Top scores for issue resolution

Cont’d from Pg. 4 ....salesforce, which we implemented in 2021 for effective and transparent resolution of the customer issues. CES scores range from 1 to 7, wherein a score of 7 is the highest score indicating that it was easy for customers to address their issue and getitresolved.

In the period January till date 2023, APM Terminals Pipavav receives one of the highest Customer Effort Scores of 6.8 on average. The port received the highest number of responses (27 nos) in a single day with a CES score of 6.9 out of7inJuly2023.Thisisthetestimonyofourcustomers’trust andconfidenceinourwayofworking. Thisfurthersolidifies our holistic approach towards customer centricity while adheringtoourcorevalues.

APSEZ to replicate inorganic strategy for achieving transport utility ambitions

Cont’d from Pg. 4

By 2030, APSEZ aims to become the world’slargestportcompany.

The 12 ports/terminals run by APSEZ currently has the capacity to handle 580 mtofcargoayear.

“At APSEZ, we will extend our inorganic approach for port acquisition to the acquisition of companies and services in the transport utility space,” the company said in its Annual Report for FY23, noting that there will be “sustainedfocusonacquisitionsatadeepdiscountvalue”.

“We have extended from Indian ports to investments in Haifa (Israel) and Colombo (container terminal) with the objective to provide a global transport utility solution,” the company said, adding that it is exploring global opportunitieswithaspecialfocusonAsia,Africa,andother markets.

Karan Adani, Chief Executive Officer, and Whole-Time Director, APSEZ, outlined three “distinctive areas” for deepeningtherobustnessofitsbusinessmodel.

One, APSEZ will develop the industrial hinterland across some of its ports by working closely with the state governments. This will catalyse industrial development and assure port volumes for the company for years to come,hesaid.

APSEZ has created a land bank of more than 12,000 hectarestoattractindustry.

Two, APSEZ will continue to evolve from port intermediation to doorstep delivery with a larger share of a customer’slogisticsspendingleadingtoannuityincomes.

“Our approach is not just ‘If the customer grows, we grow’; our objective is to create a competitive proposition that makes our customers more competitive and grow faster, playing the role of a catalyst and beneficiary,” Karan Adanirevealed.

Three, APSEZ will gradually build port interests outsideIndia.

“We acquired a stake in Haifa Port and are developing a terminal in Colombo Port. Driven by our risk management strategy, the investments outside India are more likely to be in operational ports and with a limited equity exposure in comparison to the overall size of our balance sheet. We will also work with a strong local partner with financial skin in the game. This is the blueprint by which we grow our cargo volumes from about 340 million tonnes in FY23 to 1 billion tonnes by 2030, while aiming to become the world’s

largestportcompany,”KaranAdanisaid.

Karan, the elder son of tycoon Gautam Adani, referred tothenextstageofthecompany’sevolution.

“If there is one seminal transformation in our existence that has transpired in the last couple of years, it is that we are making a structural extension in our business model: we are graduating from a ports company into a transport utility that provides logistics infrastructure and services, ensuringservicereliabilityandefficiency,”hesaid.

The Adani scion also expressed his views on ensuring a strong balance sheet, a question that is regularly asked of the company, given the high leverage and its impact on APSEZ’sinvestmentgraderating.

“We are committed to sustainable business growth and returnforourinvestors.Asaresult,whileweweregrowing our topline and profits, we also focused on creating a capital structure aligned with the nature of our business. This has allowed us to comfortably service our debt and investforgrowth,”KaranAdanicontinued.

The company, he said, has now achieved a critical mass ofrelationshipsandrevenues.

“With enhanced internal accruals, our dependence on borrowings to fund our growth capex has declined considerably. This is well reflected in our numbers, with gross debt to net fixed asset ratio having seen a material decline in the last few years. With most of our sizable capital investments now completed, improvement in our liquidity position will continue, further strengthening our balancesheet,”hestated.

APSEZ said its financial structure will revolve around disciplined capital allocation, moderation in capital expenditure, leveraging existing assets, generating higher quantum of free cash flows, and deleveraging the balance sheet. Emphasising its commitment to “moderate the gestation between investment and returns”, APSEZ said it will make “progressively larger investments in growing andwideningbusiness”.

According to its Vision 2030 blueprint, APSEZ will focus on the Return on Capital Employed (RoCE) accretive initiatives and investments, increase the asset-light proportion of revenues (logistics), diversify existing cargo mix, focus on new growth commodities like LPG/LNG, focus on coastal volume growth, develop assets across the logistics supply value chain, strengthen the subcontinental ports ‘necklace’ (organic/inorganic initiatives) andincreasemarketshareofcargogrowth.

Gautam Adani meets Sri Lankan President Ranil Wickremesinghe to discuss about Colombo Port

NEW DELHI : Adani Group Chairman Gautam Adani held a meeting with visiting Sri Lankan President RanilWickremesinghe to discuss multiple projects in the island nation. The discussions included the development of the Colombo Port West Container Terminal (WCT), the industrialist said. Wickremesinghe came on a two-day visittoIndia.

Adani Ports and Special Economic Zones Ltd (APSEZ), a key subsidiary of the diversified Adani Group, in March 2021 received a Letter of Intent (LOI) from Sri Lankan authorities for the development and operations of West ContainerTerminal(WCT)inColombo.

APSEZ will partner with John Keells Holdings PLC, Sri Lanka’s largest diversified conglomerate, and with the Sri Lanka Ports Authority (SLPA) as a part of the consortiumawardedthismandate.

The WCT will be developed on a Build, Operate and Transfer basis for a period of 35 years as a public-privatepartnership.

The project is expected to boost WCT’s container handling capacity and further consolidate Sri Lanka’s locational advantage as one of the world’s top strategic nodes along the busiest global transhipmentroute.

The Colombo Port is already the most preferred regional hub for transhipment of Indian containers and mainline ship operators with 45 per cent of Colombo’s transhipment volumes either originating from or destined toanAdaniportterminalinIndia.

The network impact of this partnership is significant and expected to be mutually benefitted from the string of 7 container terminals across its 12 ports that Adani operates along the Indian coastline handling an annual volume of over6millionTEUs.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 21/07/2023

VESSELS IN PORT & DUE FOR EXPORT

25/07

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

OJ-VII Oriental Rider

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

Good Luck I 23/07

Propel Glory 23/07 Bangladesh

SCI Mumbai 23/07 Jebel Ali

SSL Visakhapatnam 23/07 Chenn./ Vishakha./Haldia

AS Romina 23/07 Jebel Ali

Kashan 23/07 Bandar Abbas

Pegasus 02 24/07 Somalia

SHIPS READY FOR BERTH

Steamer's Name Agents Arrival on

SHIPS NOT READY FOR BERTH

Steamer's Name Agents Arrival on

Flora Ocean Harmony 05-07-2023

Reliance Arnav Shpg. 20-07-2023

I.G.M. Nos. filed at Kandla Customs

03-07-2023

698 2348297 Flora Ocean Harmony

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

(ACMTPL), MUNDRA

GUJARAT + NORTH INDIA

TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT

CONTAINER

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

m.v.

“MSC RACHELE” Voy : IV329A

I.G.M. NO. 2349765 (EDI) Dtd. 19-07-2023 Exch Rate 84.44

The above vessel has arrived on 22-07-2023 at MUNDRA PORT with Import cargo from TEMA. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

The above vessel has arrived on 22-07-2023 at MUNDRA PORT with Import cargo from TAMATAVE. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 22-07-2023 at MUNDRA PORT with Import cargo from SAN-PEDRO, LIBREVILLE, TEMA, CONAKRY, TAMATAVE, PORT LOUIS, TINCAN/LAGOS, POINTE DES GALETS, LOME, CAPE TOWN. 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 :

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

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

Govt to extend all export assistance to e-commerce exports : CBIC Chairman

NEW DELHI : The Government is likely to extend all export benefits, including the duty drawback scheme and Remission of Duties and Taxes on Exported Products (RoDTEP) facility to e-commerce exports made via the courier mode, the Central Board of Indirect Taxes & Customs (CBIC)Chairman,VivekJohri said.

He said this will aid MSME exporters and shared that for e-commerce, (there is) one more initiative is being planned on the customs side, which will help MSME exportersinabigway.

“We are looking at how we can improve the courier portal, which is completely digitised, to enable disbursal of export benefits. We have started working on it, thinking about the best way to do it,” Johri said. According to the foreign trade policy, India’s e-commerce export is estimated to reach

USD200billion–USD300billionby2030.

E-commerce exports are orders placed and processed onlinefromcustomerslocatedinforeigncountries.

Many businesses are increasingly looking at e-commerce exports as an alternative to increase their business. Currently, export of goods using a courier does not get export benefits of RoDTEP, duty drawback and Rebate of State & CentralTaxesandLevies(RoSCTL),hesaid.

RoDTEP is based on the globally accepted principle that taxes and duties should not be exported, and taxes and levies borne on the exported products should be either exempted orremittedtoexporters.

The scheme refunds the embedded central, state and local taxes to exporters. The rebate, implemented in 2021, isissuedasatransferableelectronicscripbyCBIC.

MoPSW updates on Projects under Sagarmala scheme in States

NEW DELHI : The Sagarmala is the flagship Central Sector Scheme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the Country through harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic locationonkeyinternationalmaritimetraderoutes.

Under Sagarmala Scheme, Ministry provide financial assistance to State Governments for Port infrastructure projects, Coastal berth projects, Road & Rail projects, fish harbours, skill development projects, Coastal community development, cruise terminal and projects such as Ro-Pax ferry services etc. The details of number of projects, funds sanctioned and project statusState wise is mentionedbelow.

The details of the projects undertaken with assistance under Sagarmala Scheme along with status in respect of port modernisation and connectivity pillar are mentioned below.

Further, based on consultation with Major Ports, State Maritime Boards, Ministry of Railway and Ministry of Road Transport and Highways, 107 road and rail connectivity infrastructuregapsforMajorandPortotherthanMajorPorts (Non-Major ports), have been identified and included in the Comprehensive Port Connectivity Plan (CPCP) prepared by Department for Promotion of Industry and Internal Trade (DPIIT) in September 2022. These projects aim to enhance connectivity between ports and domestic production / consumptioncentres

Under the Sagarmala Scheme, National Technology Centre for Ports, Waterways and Coasts (NTCWPC) has been established in IIT Chennai at a cost of Rs. 77 Crore. The institute acts as a technological arm of the Ministry and develops cutting-edge technologies and application products to effectively resolve various issues and challenges faced by Ports&ShippingSector.

State Total No. of Projects Funds Sanctioned

Centre bans export of non-basmati white rice to boost domestic supply

NEWDELHI:TheCentreonThursdaybannedtheexport of non-basmati white rice with immediate effect to boost domesticsupplyandhelpcontrolinflation.

Non-basmati white rice accounts for nearly 25-30 per cent of total rice exported from the country. The total exports of non-basmati white rice from India was $4.2 million in 2022-23, as against $2.62 million in the preceding year. Major destinations of India's non-basmati white rice exports include Thailand,Italy,Spain,SriLankaandtheUSA.

Volume wise, India exported 6.5 million tonnes of this varietyinFY23,comparedto5.3milliontonnesintheprevious

financialyear(ariseofnearly22percent).

The ban comes at a time when rice prices as per an official statement have increased by over 11.5 per cent over a year andthreepercentinthepastmonth.

Concerns over rice production in the kharif season due to inadequate rainfall in the major growing states of Bihar (-40 percent cumulative deficit), Jharkhand (-44 per cent deficit), Odisha (-15 per cent deficit) and excess rains in other major states like Punjab (+52 per cent) and Haryana (+65 per cent), have played a part in the Government’sdecision.

Domestic Shipping Industry likely to sustain performance in FY24 : CareEdge Ratings

NEW DELHI : The domestic shipping industry is projected to sustain its performance in the current fiscal, albeit with some moderation in operating margins, CareEdge Ratings said in its report on Wednesday. The outlook for the Indian shipping industry is stable, primarily because the midsize tanker (both crude and product) and dry Bulk segments accountforthemajorityofvesselcapacities,itsaid.

These segments are anticipated to fare well in the overall shippingindustry,itsaid.

The Indian shipping fleet is primarily dominated by crude andproducttankers,accountingforthemajorityoftheoverall capacityat57percent.

While dry bulk carriers account for 16 per cent of the total fleet, the container vessels share stands at 5 per cent, as per theratingagency.

With the global merchandise trade volume projected to slow down in CY 2023 and given the highest capacity additions in CY2023-CY2024, the container shipping segment is expectedtobetheworstimpacted,itsaid.

The recovery in global trade is anticipated to have a positive impact on the shipping industry, indicating potential opportunitiesforgrowthandimprovedearnings,itsaid.

The tanker segment is expected to maintain its previous year’s performance in the current calendar year as well due to the lowest capacity addition and redistribution of crude trade flow by key consuming economies, CareEdge Ratings said.

The performance of the dry bulk carrier segment is expected to improve in the second half of CY2023 driven by supply-sidedynamics,accordingtothereport.

The report noted that the financial performance of the two largest domestic shipping companies– Shipping Corporation

of India and Great Eastern Shipping Company– reflects a consistent improvement in revenues and profitability during Fy23.

CARE Ratings said it anticipates that these companies, assumed to be representative of the domestic shipping industry contributing around 45-50 per cent of the country’s total tonnage, will demonstrate a stable business and financialriskprofileinthecomingyear.

It said that the shipping industry has witnessed a period of recovery in charter rates and profitability across various vessel segments in the past two calendar years (specifically from CY2022 onwards for the tanker segment and over the CY2021-CY2022 period for the container carrier and dry bulk segments).

However, the overall industry performance is currently exhibitingsignsofweakness,assupplyinseveralsegmentsis expanding at a faster pace than demand, posing potential challengesinthemarket,itsaid.

The tanker segment is presently characterized by low order books for new ships at global shipyards, indicating a positiveearningsoutlookforCy2023.

Conversely, the container, larger LPG carrier, and capsize bulk carrier segments are grappling with unfavourable market conditions, primarily due to significant order books at shipyards resulting in a potential supply surplus, as per CareEdgeRatings.

In summary, while the crude, product, and chemical tanker segments demonstrate a positive earnings outlook for CY2023 owing to their low order books, the container, larger LPG vessels, and capesize bulk carrier segments face challenging market conditions with the possibility of surplus capacityinCY2023-CY2024,theratingagencysaid.

m.v “MONTPELLIER” V-2328W

The above vessel has arrived at Mundra on 23/07/2023 as per following details.

1 75002093410467 2

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 : hardik.jadeja@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 98980 76324

IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.

NOTICE TO CONSIGNEES

2236E

No : 2349993 Date : 21-07-2023 The above vessel has arrived at Mundra on 24-07-2023 as per following details.

16

17

18

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 :

Mob. : +91 98980 76324

Sarbananda Sonowal highlights Expansion and Modernisation initiatives of the Marine Sector

NEW DELHI : The Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal informed the Lok Sabha that Government of India has made concerted efforts for expansion and modernisation of the Marine Sector in the Country. Infrastructure development in the Marine Sector is a continuous process. The process inter-alia involves the construction of new berths and terminals, mechanization of existing berths and terminals, capital dredging for deepening drafts for attracting large vessels in port channels, development of road and rail connectivity etc., help in increasing the capacity of Major Ports. As a result, the cargo handling capacity of the Major Ports has been steadily going up. The Major Ports installed capacity as on 31.3.2023 is 1,617 MTPA, which is sufficient to handle the existing cargo trafficattheMajorPorts.

The Government has taken several progressive steps to improve the standards of maritime training, examination and certification system, increase on-board training opportunities andwelfaremeasuresfortheseafarers.Duetothesesteps,the number of Indian seafarers employed in this calendar year has reached the record level of 2,82,918 on Indian & foreign flagged vessels. A few policies for promotion of Ship building & Indian flaggingofvesselsareasfollows:

Ship Building Financial Assistance Policy (2016-2026): Government of India has approved the Financial Assistance

Policy for Indian Shipyards. Financial assistance is @ 20% of the contract price, actual receipts, fair price (whichever is least) to Indian shipyards. The financial assistance extended reducesby3%everythreeyears.

Revision of the criteria for Right of First refusal (ROFR): The criteria for granting the Right of First Refusal in chartering of vessels through tender process has been revised for promoting tonnage under Indian flag and ship-building in India, so as to make India Atma-Nirbhar/self-reliant Bharat, in termsoftonnageandship-buildinginIndia.Thefollowingisthe hierarchyofRoFR;

1. Indianbuilt,Indianflagged(Indianowned);

2. Foreignbuilt,Indianflagged(Indianowned);

3. Indianbuilt,foreignflagged(foreignowned).

This promotes demand of Indian built and Indian flag vesselsassuchvesselshavepriorityinchartering.

Subsidy support to Indian shipping companies : A scheme for the promotion of flagging of merchant ships in India by providing Rs.1624 crore over a period of five years as subsidysupporttoIndianshippingcompaniesinglobaltenders floated by Ministries and Central Public Sector Enterprises (CPSEs)hasbeenapproved.

The rate of subsidy support is based on age of the vessel. The scheme encourages entrepreneur to register ships under Indianflag.

MoPSW updates MMLP under Sagarmala Projects

NEW DELHI : The Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal informed the Parliamentthatthereare13projectsoflogisticsparksincluded in the Sagarmala Programme. The details of 13 projects is annexed. These projects are undertaken by Ministry of Road Transport & Highways, Ministry of Railways, Major Ports, and StateGovernments.

Further, Ministry of Road, Transport and Highways is developing 35 Multi Modal Logistics Parks (MMLPs) under Bharatmala Phase 1. Of these, 6 MMLPs are undertaken by MoRTH in port cities namely Cochin (Kerala), Chennai (Tamil Nadu), Vishakhapatnam (Andhra Pradesh), Mumbai (Maharashtra), Kolkata(WestBengal),andKandla(Gujarat).

Sustainable inclusive growth is an integral part of Sagarmala Programme, with emphasis on economic development, nurturing communities as well as preserving the ecological balance. Ministry of Ports, Shipping and Waterways in convergence with the Ministry of Fisheries, Animal Husbandry and Dairying, part-funding 26 fishing harbour projects worth Rs. 3,700 Cr. Five fishing harbours adjacent to Major ports namely Kochi, Chennai, Visakhapatnam, Paradip, and Mallet Bunder have been sanctioned for modernization and up-gradation. Additionally, Ministry has identified 50 locations across the

country for development of floating jetties which are a cost effective and environmentally sustainable alternate solution to fixedjetties.

Further, Ministry of Ports, Shipping and Waterways in convergence with Ministry of Rural Development has undertaken skill development program in coastal states and union territories, training more than 5000 candidates. The Ministry has setup Centre of Excellence in Maritime and Shipbuilding at Vishakhapatnam and Mumbai which has trainedmorethan6000candidates.

India set to become $6 trillion economy by 2030: Standard Chartered research

MUMBAI : Standard Chartered’s India research team projected that India is set to transform into a $6 trillion economy by 2030. This projection is supported by several factors,includingaremarkableincreaseinpercapitaincome& strong structural growth drivers. Additionally, India’s macro economic stability serves as a significant positive, further cementingitspositionasoneoftheworld’sleadingeconomies.

By 2030, India is poised to secure its position as the world’s third-largest economy, trailing only behind the United States and China. This achievement will mark a significant milestone for the country, further solidifying its role as a major player in theglobaleconomiclandscape.

Rajat Bhattacharya, Senior Investment Strategist at Standard Chartered said that by 2030, the nation is projected to reacharemarkablemilestoneofbeinga$6trillioneconomy.

He said, “Our India research team expects India to be a $6

trillion economy. India is $3.5 (trillion) now, and it is expected to be a $6 trillion economy by 2030 and that is primarily driven by domesticgrowth,organicgrowth,housingconsumption.”

According to him, one of the standout achievements in India’s economic journey is the expected doubling of per capita income by 2030. As the economy grows and income disparities reduce, a larger portion of the population will experience improved living standards, thus creating a more prosperous andequitablesociety.

Further talking about India’s strong structural growth drivers, Bhattacharya said these drivers include a large and young population, rising digitalisation, increasing urbanisation, and an expanding middle class with higher disposable incomes. Such factors are instrumental in driving consumption, investments, and overall economic development.