GUJ-30-06-2023

Samudera Shipping Line acquires New Build LPG Vessel

SINGAPORE: The Board of Directors of Samudera Shipping Line Ltd (the “Company”), made reference to the announcement made by the Company on 12 May 2023 relating to the acquisition of a new-build liquefied petroleum gas vessel (the “LPG vessel”), wishes to announce that the

Company has taken delivery of the LPG vessel on 27 June 2023. Samudera Tankers Pte Ltd, a subsidiary of the Company, has signed addenda to the memorandum of agreement (the “MOA”) to novate all obligations and rights under the MOA to Ocean Ships Investment Pte Ltd, a subsidiary of the Company. TheLPGvesselhasbeenrenamedtoSinarToraja.

Vol.XXXNo.52

th FRIDAY 30 JUNE 2023

GUJARAT + NORTH INDIA

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YEARLY SUBSCRIPTION : 1600/-

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Interasia Lines - New Branch Opening in Gandhidham, Gujarat

GANDHIDHAM: Interasia Lines, a leading Container Shipping carrier, announces the expansion of its operations in India with the openingofitsthirdbranchofficeinGandhidham,Gujaraton

APM Terminals Pipavav expands its footprint with new CIX service

CIX (China India Express) is a weekly service connecng Far East Asia, South East Asia, Lan America, Oceania Countries and US West Coast Cont’d. Pg. 6

PIPAVAV: APM Terminals Pipavav has secured a new weekly service, CIX (China India Express) connecting India to the Far East Asia, South-East Asia, Latin America, Oceania Countries and USWestCoast.

29th June, 2023. This strategic move reinforces our commitment to providing reliable and efficient ocean containershippingservicesthroughoutAsiaandstrengthens ourpositionasatrustedpartnerintheregion.

Cont’d. Pg. 6

Interasia Lines - New Branch Opening in Gandhidham, Gujarat

Cont’d. from Pg. 4

With a rich history dating back to 1967 and a strong reputation for delivering excellence, Interasia Lines has continuously evolved to meet the growing needs of our customers. The new branch inGandhidhammarksasignificantmilestoneinourjourney, joining our existing branch offices in Mumbai and Chennai. We are excited to establish a presence in Mundra, India's first private port and largest container port, located on the northern shores of the Gulf of Kutch. This expansion allows ustoleveragethestrategicadvantagesofMundra'sstate-ofthe-artinfrastructureanditsstatusasamulti-productportbasedspecialeconomiczone(SEZ).

As a leading player in the container shipping industry, Interasia Lines currently operates 38 services connecting majortraderoutesacrosstheFarEastsector.Ourextensive network spans key markets such as Japan, Korea, China, Hong Kong, Taiwan, Vietnam, Philippines, Thailand, Malaysia, Cambodia, Myanmar, Indonesia, India, and Kenya. With our established agency network in Karachi and Colombo, we ensure seamless connections and reliable transportationsolutionsforourvaluedcustomers.

Indiaholdsimmensepotentialasalandofopportunities, with a robust economy, skilled workforce, and a supportive business environment. At Interasia Lines, we firmly believe in harnessing the growth potential of India and contributing to its success story. Our expansion into Gandhidham reflects our dedication to serving the Indian market and providing our customers with comprehensive shipping solutionstailoredtotheirneeds.

“We are delighted to announce the opening of our new branch office in Gandhidham," said Mr. Jeff Lo, Executive Vice President of Interasia Lines. "This expansion represents a significant milestone for Interasia Lines as we continue to invest in India's promising market. We are confident that our expanded presence in Gujarat will enable us to better serve our customers and forge strong partnerships within the shipping community."

Interasia Lines remains committed to delivering superior customer experiences and fostering long-term relationships. Our team of dedicated professionals is equipped with extensive industry knowledge and expertise to provide personalized solutions that meet the unique requirementsofourcustomers.

APM Terminals Pipavav expands its footprint with new CIX service

Cont’d. from Pg. 4

The weekly service is launched jointly by WAN HAI Hapag Lloyd and EVERGREEN Lines. The first vessel M.V.WAN HAI 360 V-001E of the service called at the port Pipavav. The new service connects port Pipavav toNhava Sheva - Port Kelang – Singapore – KaohsiungHONGKONG-SHEKOU. Theservicewilltransportarange of commodities like clay, ceramic tiles, handicrafts, crated stone, marble, agri commodities, dehydrated foods, potatoes, onions,rice,brassitems,whitegoods,seafood,amongothers. The Service is one of the fastest services to and from Asia to WestCoastIndiawithatransittimeof9daysfromPipavavto

Port Klang, 17 days to Kaohsiung and 20 days from Sekou / HongKong.

Commenting on commencement of the new service, Mr. Girish Aggarwal, MD, APM Terminals Pipavav said, “"We are delighted to receive the first vessel of the CIX service at our port. The well-established and highly quality service provides weekly connectivity to the trade and opportunity to our customers in north-west of India to trade with the global markets. The new service reinforces our commitment to customers by enhancing the port's connectivity to the global markets thereby supporting the growthoftheregion."

ZIM INTEGRATED SHIPPING SERVICES

m.v. “ESL DACHAN BAY” V-02323E

The above vessel is arriving at MUNDRA PORT on 02-07-2023 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

NOTICE TO CONSIGNEES

m.v

“KMTC MUNDRA”

V-2322E I.G.M. No : 2347708

Date : 27-06-2023

The above vessel has arrived at Mundra on 28-06-2023 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 -

: +91 89800 25092

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 30/06/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER

DUE / IN PORT FOR IMPORT DISCHARGE

INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER

DUE / IN PORT FOR

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

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

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

TO LOAD FOR FAR EAST, JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR U.K. NORTH, MED., BLACK SEA, RED SEA, EAST EUROPE & CIS PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

m.v.

“ESL DACHAN BAY” V-02323E

The above vessel is arriving at MUNDRA PORT on 02-07-2023 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 :

GUJARAT + NORTH INDIA

“REN JIAN 25” V-2303E

The above vessel is arriving at MUNDRA PORT on 01-07-2023 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 :

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

m.v. “SYNERGY OAKLAND” V-14E

The above vessel has arrived at MUNDRA PORT on 24-06-2023 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

:

PM meets the Board and key leadership of Goldman Sachs

NEWDELHI:ThePrimeMinister, Shri Narendra Modi met the Board andkeyleadershipofGoldmanSachs. The Prime Minister tweeted : "Had a fruitful discussion with the members of the Board and key leadership of @Goldman Sachs. Highlighted India's vast potential for growth,fuelledbyrecentreformsand a conducive business environment. Also spoke of how India's offers several opportunities for global firms."

Three MMLP to be set up in Haryana

CHANDIGARH: The Haryana Governmentissettingupthreemultimodallogisticsparks(MMLPs)under the Bharatmala Pariyojana Highway Projects to boost logistics infrastructure, the State Chief SecretarysaidonWednesday.

During a review meeting on the progress of developing multi-modal logisticsparks(MMLPs)inthestate, Chief Secretary Sanjeev Kaushal said the state government is identifying two suitable land parcels in the Palwal district and one in the Ambaladistrict.

“This initiative will significantly enhance the logistics capabilities of the state, driving economic growth and attracting investments,” said the

chiefsecretaryinastatementhere.

Kaushal further directed the officers to expedite the process while engaging in discussions with the Container Corporation of India Limited (CONCOR) to finalise the project.

The Union Ministry of Road Transport and Highways has identified 35 strategic locations across India for the development of MMLPs as part of the national corridors efficiency improvement componentofBharatmalaPariyojana highwaysprojects.

In line with this initiative, the National Highway Logistics Management Limited (NHLML), a 100 per cent owned special purpose

vehicle (SPV) of NHAI, has been entrusted with the task of developing MMLPs at these 35 locations, includingthreeinHaryana.

The primary objective of these MMLPsistofacilitateseamlessintermodal freight movement by integrating various modes of transportation.

They will serve as hubs for freight aggregation and distribution, enabling efficient movement of goods acrossthecountry.

MMLPs will offer state-of-the-art storage and warehousing solutions, along with value-added services like customclearancesandITservices,to cater to the diverse needs of logistics stakeholders.

Increasing economic ties between India, US to help boost exports, say exporters

NEW DELHI: Increasing economic ties between India and the US would help boost the country’s exports to America,accordingtoexporters.

The economic ties have received a push from Prime Minister Narendra Modi’s recent visit to the US, Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said in a statement.

“India’s share in US’s ready-made garment import from the world has increased to 5.7 per cent in 2022, which willfurtherimproveinfuture,”hesaid.

The apparel export to the US from India in 2022 has also increased to USD 6 billion, registering a growth of 33.7 per cent as compared to 2021, Goenka said.

The Federation of Indian Export

Organisations (FIEO) too said that the US and India have agreed to enhance the bilateral trade to USD 500 billion by2030.

“Settlementofthesixtradedisputes bilaterally will create a congenial environment to foster our trade relations. Withdrawal of additional duty on steel & aluminium will push their exportsintoUSmarket,”itsaid.

India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal

NEW DELHI: Union Minister Piyush Goyal has said India is actively considering entering into free trade pacts and comprehensive economic partnership agreements to tap new markets, increase exports and create opportunities for the domestic textile industry. The Minister of Textiles highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India's textile sector in a significant manner.

Goyal said PM MITRA Parks will lead to a reduction of logistic costs due to a cluster-based approach to

manufacturing and production of quality products with appropriate testingfacilities.

The Minister emphasised that countrymen deserve the best quality of garmentsandthisshouldbeensuredby allthestakeholders.

He encouraged the industry to focus on quality and test their products to complywithqualitystandards.

Goyal said India is pioneering sustainable textiles, contributing to a lesser carbon footprint and promoting a circulareconomy.

The Indian textile industry has made a mark in the world with its innovative and attractive products,

he said while addressing an event in GreaterNoida,UttarPradesh.

Piyush Goyal said that India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. These agreements aim to enhance the market size and facilitate exporters in the thriving Indian textile sector.

"...by entering into these agreements, India aims to tap into new markets, increase exports, and create opportunities for growth in the textile industry," a Textiles Ministry statement quotedtheministerassaying.

m.v. “VOLANS” V-72E

The above vessel has arrived at MUNDRA PORT on 27-06-2023 with Import Cargo in containers.

—1

GOSUSNH5482337 —5

GOSUSNH5482338 1—

GOSUSNH5482339 1—

GOSUSNH5482341 —1

GOSUSNH5482342 —1

GOSUSNH8287005 1—

GOSUSNH8421840 10

GOSUSNH8421841 10

GOSUSNH8444779 —1

GOSUSNH8444780 —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 :

Govt committed to fostering a conducive business environment in PLI sectors: Piyush Goyal

NEW DELHI: Union Minister of Commerce and Industry and Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal said that the Government is committed to fostering a conducive business environment and accelerating growth in Production Linked Incentive (PLI) sectors. While delivering the keynote address at a Workshop on “PLI Schemes” organized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry yesterday, the Minister encouraged industry’s feedback and collaborative engagement to shape the policies,

procedures and effectiveness of the PLIscheme.

Shri Goyal emphasized on the importance of the industry's concentration on producing highqualityproductsthatcatertoboththe industry's requirements and the consumers' needs. He also urged PLI beneficiaries to take up any procedural challenges/ issues with respective implementing Ministry/ Department so that positive reforms canbebroughtaboutandPLIscheme can be made more efficient and effective. The Minister further added that the Government officials of the implementing Ministry/ Department must hold regular consultation and roundtableswiththeirrespectivePLI

beneficiary so that the issues may be resolvedpromptly.

Shri Piyush Goyal urged all stakeholders to work together on creating an environment that fosters growth, innovation, and competitiveness in our industries. The objective of the Workshop was aimed to bring all the key stakeholdersonasingleplatformand create a sense of ownership, so that they could exchange their knowledge and experiences to ensure an effective implementation of PLI Schemes under 14 key sectors. The workshop was organised In line with the vision of the Prime Minister, Shri Narendra Modi, to make India a globalhubformanufacturing.

India and Iran are rapidly progressing towards signing a long term contract

NEW DELHI: India and Iran are rapidlyprogressingtowardssigninga long term contract outlining New Delhi’s investments in the strategically located Chabahar port. Most of the nagging issues related to thedevelopmentoftheportthatcame up between India and Iran have been resolved earlier this month after senior officials and diplomats from both sides held intense talks. A few issues, however, remain but these are expected to be ironed out in thecomingweeks.Indianofficialsare likely to visit Iran in the next few weeks with the aim to resolve these remainingissues.

“Things are moving fast, both sides are working towards resolving issues that have stunted work on the project,”asourcewasquotedbyIndia Narrative.

Amid changing geopolitical contours and Chinese advances, India is keen to press the pedal on completion of the port located in southernIranattheearliest.Theport

willalsobelinkedtotheInternational NorthSouthCorridor.

According to the Iranian media, Ali Akbar Safaei, Chief of the Iranian Ports and Maritime Organization, said that talks on existing disputes regardingthedevelopmentoftheport wereheldbetweenJune12and16.

After all issues are resolved, the long term deal aimed at developing theportwillbesigned.Theportwhich is strategically located, provides Mumbaiadirectlinktothelandlocked Central Asian countries. The location of Chabahar Port has an advantage for developing it as a transshipment hub as it lies close to some of the busiesttraderoutesintheworld.

Several issues had come up between the two countries which has resulted in a delay in construction of theport.

“As part of the memorandum of understandingamongIran,India,and Afghanistan, so far, an initial investment worth $25 million has been committed to Iran and will be

usedtodeveloptheport,”Safaeisaid.

Notably, in May National Security Advisor Ajit Doval paid a visit to Tehran and met Iranian President EbrahimRaisi.

Raisi underlined the need to take India-Iran ties to a “new level” especially with a focus on economic andcommercialengagements.

Aftersomehiccups,IndiaandIran are rebooting their ties. Recently, India even sent wheat to Afghanistan through the Chabahar Port. “This reflects the rebooting of ties between IndiaandIran,”ananalystsaid.

Meanwhile, last year, the Reserve Bank of India gave its nod for using the rupee payment mode for the sanctions hit Iran. India had halted imports from Iran in 2019 after the reimpositionofsanctionsbytheUSon theoilrichnation.

“We are looking at a long-term rupee trade not just with Russia but with Iran as well,” Sanjeev Sanyal, Member, Economic Advisory Council tothePrimeMinisterearliersaid.

NEW YORK: Indian economy is expectedtoclockanaveragegrowthrateof 6.7 per cent till 2026-27 fiscal driven by domestic consumption, S&P Global RatingsSeniorEconomist(AsiaPacific)

Vishrut Rana said recently. He said the economic growth in the current fiscal is expected to come in around 6 per cent, lowerthan7.2percentclockedin2022-23.

"We are seeing some headwinds from the trade side which is affecting activityandthatisoneofthefactorsthat is affecting growth this year," Rana said atawebinar.

The factors that are driving the slowdown from 7.2 per cent growth last fiscalareweakerexternalenvironment, moderation in pent-up demand, and softening private consumption activity, Rana said, adding, with tighter monetary policy there is expected to be someimpactonconsumerdemand.

"We expect 6.7 per cent growth on average over the course of our forecast horizon which extends to FY26-27. This fiscal (2023-24) we expect growth to be 6 per cent," Rana said, adding that consumer activity would be the lead

driverofgrowth.

ReserveBankofIndiahasprojected GDP growth in the current fiscal to be 6.5percent.

Further, Rana said there is a "strong tailwind" coming from the investment side and the investment outlook is lookingsignificantlystronger.

"Inflation is moderating... We do not expect RBI to be in a hurry to cut interest rates," Rana said, adding, the RBI is likely to wait till early 2024 to cut rates till inflation expectations are anchoredfully.

India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P

ZIM INTEGRATED SHIPPING SERVICES

m.v. “VOLANS” V-72E

The above vessel has arrived at MUNDRA PORT on 27-06-2023 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.

40% of India’s exports may be impacted by US and European economic slowdowns

NEW DELHI: The impending economic slowdown in advanced nations, particularly the US and Eurozone, is expected to have an adverse effect on micro, small, and medium-sized enterprises (MSMEs), whichaccountforabout40%ofIndia’s exports. This is because nearly onethird of India’s total exports are to thesetworegions.

As a result, one out of every five MSMEsisanticipatedtohaveadelayin itsworkingcapitaldays.TheseMSMEs operate in industries where a lot of operatingcapitalisalreadyneeded.

MSMEs that produce dyes and pigments, insecticides, and pharmaceuticals are particularly prevalent in the Ahmedabad cluster. The working capital stretch is anticipated as a result of a stockpile following producer dumps in China, the recent earthquake in Turkey, and a slowdown in the US. According to a study by CRISIL MI&A Research, these three make up 20–25 percent of all exports of pharmaceuticals,

insecticides,anddyesandpigments.

Surat isthe originof 90% of India’s diamond exports. More than half of India’sgemandjewelleryexportsare diamonds, and the biggest export market’ssharpdecreaseindemandis having a big impact. This is having an impact on receivable days, which are increasing working capital days from 140 prior to the pandemic to over 200thisfiscalyear.

The lack of anticipated capex last fiscal year, which was intended to reduce the fiscal deficit, has made it harder for developers in the construction-roads sector to meet workingcapitaldemandsinthefaceof rising commodity prices. As a result, their working capital cycle has lengthenedbymorethan100daysthis fiscalyearcomparedtopre-pandemic levels.

The entire amount of loan required by the MSME sector is also projectedtobeoverRs100lakhcrore. The formal financial institutions cannot, however, meet the entire

demand since some businesses are either not commercially viable or choose to forego formal financial services. High credit risk, a lack of collateral, regulatory restrictions, and other issues make it difficult to get finance. The cost of capital is therefore very high because around 70% of the debt comes from unofficial sources.

The MSME sector’s growth and development are being hampered by a substantial credit gap, according to the RBI, which suggests that around 80% of India’s MSME sector debt is in the high-risk category and the numberofnon-performingassetshas significantlyincreased.

With new initiatives including priority sector lending criteria, cluster-based lending, and governmentprogrammes,therehave been improvements in MSMEs’ ability to access finance. The MSME sector and its finance requirements do, however, require more supportive policiesandinfrastructure.

Iran imports from India impacted with fall in Rupee reserves

NEW DELHI: India faces the possibility of losing one of its largest markets for basmati rice exports, Iran, following the depletion of rupee reserves held by the West Asian nation in recent weeks, people familiarwiththemattersaidrecently.

Theissuehasalsohittheexportof other commodities such as tea and pharmaceuticals to Iran, the people added. Iran has been paying for imports by using rupee reserves built up from oil exports to India, before New Delhi stopped buying Iranian crude in mid-2019 because of US sanctionsonTehran.

While the Iranian side has been working on ways to resume basmati rice imports from India, importers in thatcountryhavebegunexploringthe option of increasing rice procurements from other producers such as Pakistan, Turkey and Thailand,thepeoplesaid.

Iran imported almost a million tonnesofthearomaticricefromIndia

in 2022-23, 20.35% of the total basmati exports of 4.5 million tonnes from the country.

Two persons, who spoke on conditionofanonymity,saidIndia-Iran trade has fallen sharply since 2019-20 after New Delhi stopped buying Iranian crude in May 2019. Till then, Iranwasamongthetopthreesuppliers of energy to the country, along with Saudi Arabia and Iraq. “It seems Iran has exhausted all its rupee reserves, andtherebytradeinlocalcurrenciesof the respective countries is not possible,”onepersonsaid.

A second person, an expert on India’s currency management, said: “AsfarasIknow,theremaynotbeany trade in local currencies (rupee-rial trade).”

The Iranian side flagged the issue to the Indian side in several recent meetings and offered to resume oil exports as a way to build up rupee reserves held in India, the people said. The Iranian side also pointed to

India’s purchase of Russian crude in the face of Western sanctions and contended New Delhi should adopt a similar approach to resuming procurement of Iranian energy, the peopleadded.

Iran has been either the largest or second-largest importer of Indian basmati since 2014-15, according to government data. It was the largest importer of the commodity in 2017-18, 2018-19, 2019-20 and 2021-22. Iran imported 935,567 metric tonnes of basmati in 2014-15, and the amount peaked in 2018-19 at 1.4 million metric tonnes. The figure for 2022-23 was 998,879 metric tonnes. Iran was the fourth largest buyer of Indian tea during 2022-23, with imports worth $68million.

According to official data, India’s trade with Iran fell sharply in 2019-20, compared to the previous fiscal. Imports, mainly Iranian crude, fell about 90% to $1.4 billion, as compared to$13.53billionin2018-19.

US decision to introduce in-country renewable of H-1B visas to promote India's services exports: SEPC

NEW DELHI: The US announcement to introduce in-country renewable of H-1B visas will help swift movement of Indian IT professionals and promote services exports, SEPCsaidrecently.

Services Export Promotion Council (SEPC) said that the decision would alloweasieron-siteclientengagementby domestic IT professionals. "When Indian

IT professionals can quickly travel to client locations abroad, they can better understand client requirements, build stronger relationships, and deliver tailored solutions. This direct engagement can lead to increased client satisfaction, repeat business, and ultimately, higher IT exports," SEPCChairmanSunilHTalatisaid.

He said that as the US is the major

market for India's IT exports, this development will have a significant positive impact on the export of IT servicesfromIndia.

"TheearlierestimatesforITexports growth have been in the range of 8-12 per cent however with this particularpushtheexportsgrowthinIT can further stride in the range of 13-15percent,"Talatisaid.

ZIM INTEGRATED SHIPPING SERVICES

m.v. “SYNERGY OAKLAND” V-14E

The above vessel has arrived at MUNDRA PORT on 24-06-2023 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. “MSC NISHA” Voy : IA324A

2347340

The above vessel has arrived on 27-06-2023 at MUNDRA PORT with Import cargo from MESAIEED. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

The above vessel has arrived on 27-06-2023 at MUNDRA PORT with Import cargo from MESAIEED. Please note the item Nos. against the B/L Nos. for MUNDRA delivery

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 27-06-2023 at MUNDRA PORT with Import cargo from MESAIEED, AD DAMMAM. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

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

DPA Gopalpuri Kendriya Vidyalaya observes SHALA PRAVESHOTSAV-2023

GANDHIDHAM: Kendriya Vidyalaya, DPA Gopalpuri observed SHALA PRAVESHOTSAV-2023 . The programme was inaugurated by Shri S.K. Mehta, IFS, Chairman by lighting lamp in presence of Principal, HoDs & Officials of Port. Smt. Amita Mehta, the First Lady of the Port wasalsopresent.

Chief Guest –Shri S.K. Mehta, IFS, Chairman DPA inaugurated the Computer Lab of KV DPA in the presence of Principal-KV DPA, HoDs, Senior Officials of Port along with Teachers, studentsandtheirparents.

Shri S.K. Mehta, IFS, Chairman DPA and Smt. Amita Mehta,theFirstLadyofthePort distributed “Back-to-School” kits to the students of KV DPA on occasion of SHALA PRAVESHOTSAV 2023 and blessedthem.

Milaha wins Award of “Excellence in Maritime Services”

Recognion to its commitment and outstanding services

DOHA: Qatar Navigation Q.P.S.C. ("Milaha"), the industryleading provider of maritime and logistics solutions in Qatar, has been granted the Award of “Excellence in Maritime Services” by the ShipTekMarine offshore Oil & Gas Conference held in India in recognition to its commitment in providing customers in GCC and the Middle East with outstanding maritime servicesandsolutions.

Granting this award to Milaha reflects it’s a strong commitment towards its customers to providing them withoutstandingandsophisticatedservices.

Eng. Mohammed Abdulla Swidan, Milaha’s IGCEO, stated: “Winning the award of “Excellence in Maritime Services” is a great achievement for Milaha.

strategytoservecustomersbetter.”

The 18th edition of the ShipTek event is focusing on the key market trends and maritime industry to create futuretradepatternstobuildstrongbusinessgrowthand better-qualityservices.

Since it has been launched in 2008, the conference has attracted many prominent regional and international maritime companies and experts with aim of discussing issues of maritime industry and tackling the global challenges.

WeinMilahaalwaysreiteratingourkeennesstoimprove and modernize our services, maritime and logistics solutions to better serving our customers and providing them with outstanding services to meet their interests and helping them achieving their projects. This award is a strong indication that we are on the right track of our

Milaha regularly participates in the global maritime and logistic conferences to keep abreast with new maritime developments, emerging technologies, and trends to improving services and accomplishing future goals.

Capt.Amit Wason receiving theAward.