GUJ-31-07-2023

ICD Bhilwara Re-opens after a decade; aims to boost Trade near Bhilwara region

Cont’d. from Pg. 4 The event was attended by prominent guests, includingtheIndustry and Commerce Minister of Rajasthan, Mrs. Shakuntala Rawat, the Revenue Minister, Mr. Ram Lal Jat, and the Chairman of Rajasthan Small Industries Corporation,Mr.RajivArora.

Before the inauguration, the dignitaries performed the traditional lamp lighting ceremony andunveiledtheICD'sbrochure.

During the event, Mrs. Shakuntala Rawat extended her best wishes to the exporters in theBhilwararegionandpraisedthe efforts made by Chief Minister Shri Ashok Gehlot to promote the state's export trade. Under the "Become an Exporter Mission," the state government has established the Dry Port through Rajasthan Small Industries Corporation (RAJSICO) to facilitate the exporters in reaching the ports for their international shipments. The ICD Bhilwara will nowprovidelogisticssupporttothe Bhilwaratextileindustry,stoneand mineral industries, and other export-oriented industrial units, benefiting not only Bhilwara but also the regions of Mandalgarh, Vijaynagar, Gulabpura, Shahpura, Bundi,andChittorgarh.

The ICD Bhilwara, spread over an area of approximately 25,000 square yards, was established on December 7, 2000, by the then Chief Minister Shri Ashok Gehlot. However, due to inadequate export trade and increasing expenditure on customs cost recovery, it was closed in the year 2009-10. Now, after a decade of efforts by Rajasthan Small Industries Corporation (RAJSICO), the ICD Bhilwara has been revived and re-operationalized to provide essentiallogisticalsupporttotheexportersintheregion.

Rajasthan Small Industries Corporation (RAJSICO) was established under the Indian Companies Act, 1956, on June 3, 1961. Its main objective is to provide marketing assistance to the handicraftsmenandsmallindustrialunitsofthestate. Currently, RAJSICO is operating the Air Cargo Complex and ICD in Jaipur, as well as the ICD in Jodhpur. Moreover, under the Budget announcement for 2022-23, the state government has declared the establishment of a new and extensive ICD with a rail link in Jodhpur, at a cost of approximately 95 crore rupees. For this purpose, an area of about 18.65 hectares has been allocated by the Jodhpur Development Authority. The construction work is set to begin soon.

RAJSICO's efforts to re-operationalize the ICD Bhilwara, along with the modernization and improvementofinfrastructure,havealreadyincurredan expenditure of around 90 lakhs rupees from its own resources. The Customs Department has also approved RAJSICO to appoint a Handling and Transportation agentfortheICDBhilwara.Allthenecessaryinspections and preparations have been completed before the commencementofoperations.

RAJSICO's vision is to provide basic logistical facilities to the state's exporters and importers through ICDsandAirCargoComplexes.Moreover,inthebudget announcement for 2023-24, they have also planned to establish a new ICD in Pachpadra, Barmer, and another in Bikaner, to facilitate the exporters in those regions. Landallocationfortheseprojectsisunderway.

Unveiling of ICD Bhilwara’s Brochure by dignitaries

Mrs. Shakuntala Rawat Mr. Ram Lal Jat

Mr. RajivArora Ms. Manisha Rawat

Mundra Port accelerates dispatch of Containers

It surpasses pre-cyclone levels, reducing congesons & delays

Cont’d. from Pg. 4 These figures show the resilience and preparedness of Mundra port in handling Cyclone Biparjoy, which unleashed its wrath on Gujarat inthemonthofJune.

The cyclone disrupted operations and caused unavoidable operational downtimeforaroundsixdays.Astheportauthoritieshad takenprecautionstoensurethesafetyofhumanlives,no such incidents were reported, reflecting the commitmenttosafetyanddisastermanagement.

Thanks to its well-prepared response and prompt action, the port focused on restoring operations and emerged stronger than ever. Container vessels are now able to berth upon arrival, reducing congestion and delays.Thependencyofcontainersintheyardhascome down to a reasonable level, with dispatches seeing a notableincreaseespeciallyontherailside.Post-cyclone, on 2 July, the port berthed the longest vessel MV MSC Hamburg, with a length of 399 m and width of 54m,withacarryingcapacityof15,908TEU.

Mundra is the largest container handling port in India, having handled more than 6.6 million TEUs in FY23, making it an integral gateway to the north and central parts of the country. Its strategic location is enhanced by its connectivity to the Western Dedicated

Freight Corridor (WDFC), facilitating efficient movement of goods. Despite the disruption due to the cyclone, the port posted a commendable growth of 4.4% year-on-year in Q1 FY24 incontainerhandling.

It has earned its reputation as the port of choice for major shipping lines such as MSC, CMA-CGM, Maersk, and Hapag-Lloyd, thanks to its efficiency, reliability, and seamless operations, besides its customer-centric approach and state-of-the-art facilities. It also serves as a crucial hub for major container train operators like Concor, Gateway Distriparks Limited and Hind Terminals Private Limited.

Cognizant of growing demands, Mundra port is expanding its infrastructure. A new berth, T3, with a capacity of 0.8 million TEUs, is set to be commissioned in Q3 of FY23. To augment container rail handling capacity, five new handling lines and two cantilever rail-mounted gantry (CRMG) cranes are being introduced. Also, improvements in the receipt and dispatch yard, as well as extension of existing lines to accommodatelong-haulcontainers,ison. Anewterminal operating system is being implemented to streamline processes and minimize manual interventions. It is also moving towards automation to reduce the man-machine interfaceandimproveoverallsafetyandefficiency.

PSA Innovates with OptETruck, a Digital Solution for Singapore’s Haulier Sector to Achieve Fleet Optimisation and a Greener Footprint

SINGAPORE: As part of efforts to further digitalise and decarbonise the container trucking industry, PSA Singapore (PSA), with the support of Enterprise Singapore, has developed OptETruck, a proprietary cloudbased transport management solution which uses artificial intelligence (AI) to facilitate smarter trip planning and eliminate operational inefficiencies for the haulier community in Singapore. It will help hauliers improve asset utilisation, reduce carbon emissions,aswellasoptimiseoperatingcosts.

One key feature of OptETruck is automated scheduling, whichisenabledbyareal-timeresourcematchingalgorithm and predictive modelling to maximise resource utilisation. With this, OptETruck can match and recommend jobs so that hauliers are able to reduce the number of empty trips1 madeacrossvarioussupplychainnodes.Anotherimportant feature of OptETruck is asset pooling. This feature enables hauliers and their partners to share resources, allowing themtooptimisetheirfleetandtrips.

Multiple haulier companies have already onboarded OptETruck and with the two key features, they have been abletoreduceemptytrucktripsbyover50%.Thistranslates to an annual reduction of about 10 million kg of CO2 emissions, which is equivalent to 300,000 trees planted in a year.

Recently, OptETruck received the Digital Achievers (Team) award at the Tech Leader Awards 2023, a testament to PSA’s commitment in digital transformation to co-create agile, resilient, and sustainable supply chains with our partnersandstakeholders.

OptETruck, together with PSA’s two other digital solutions - *SmartBooking™ and iBOX™ - will be integrated toformanintelligentlogisticsecosystemtodigitallyconnect

container terminals, depots, hauliers, and logistics facilities inSingapore.

Ms Seow Hwee, Head of Port+ Business, PSASoutheastAsia, said, “OptETruck and the full suite of digital solutions will strengthen and bring about a smarter and more sustainable supply chain and logistics ecosystem inSingapore.Harnessingthesupportfromourpartnersand stakeholders, PSA seeks to proliferate these innovative digital capabilities to the small and medium-sized enterprises, which will elevate the competitiveness of the haulage community, drive greater business agility, and aid themtoachievetheirsustainabilitytargets.”

Mr Law Chung Ming, Executive Director of Transport and Logistics at Enterprise Singapore, said, “Digitalisationanddecarbonisationiskeytofuture-proofing our SMEs in the logistics industry. As such, Enterprise Singapore will continue to support the development of innovative digital solutions such as OptETruck, which can enhance the productivity of SMEs at the industry-level by encouraging job and asset sharing. We hope to see more logistics companies benefit from such solutions that enable them to optimise manpower and resources and enjoy cost savings.”

Mr Pandian Nachiappan, Managing Director at Paltrans Logistics Pte Ltd, said, “OptETruck seamlessly amalgamates the functionalities of depot booking, Portnet processes and transport management into a unified platform, offering invaluable support to SMEs like Paltrans. Being userfriendly, OptETruck effectively streamlines our operations by alleviating labour-intensive tasks, saving both time and expenses. Its exceptional features like recommendations for the fastest routes, truck pooling and automated scheduling greatly enhanced our efficiency and productivity.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 31/07/2023

VESSELS IN PORT & DUE FOR EXPORT

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

LIQUID CARGO VESSELS

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

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

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

MOVEMENTS AT

OTHER PORTS OF GUJARAT

Sarbananda Sonowal updates on capacity of Major Ports

NEW DELHI: The Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal recently informed the Parliament that, infrastructure development in the Port Sector is a continuous process. The process inter-alia involves the construction of new berths and terminals, mechanization of existing berths andterminals,capitaldredgingfordeepeningdraftsfor 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 cargo handling capacity of Major Ports as on 31.03.2023 is 1617 MTPA, which is sufficient to handle theexistingcargotrafficattheMajorports.

Under PM Gati Shakti, DPIIT prepared a Comprehensive Port Connectivity Plan (CPCP) in consultation with Ministry of Ports, Shipping and Waterways, Ministry of Railways, Ministry of Road Transport & Highways and State Maritime Boards in September, 2022. CPCP incorporates 298 connectivity projects of which 191 projects (101 road and 90 rail). These projects are aimed at enhancing last mile and hinterland connectivity of ports, which in turn will enhance the port efficiency, enabling the ports to handlemorecargo.

These road and rail infrastructure gap projects are primarily undertaken by the Ministry of Railways and MinistryofRoadTransport&Highwaysonapriority.

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

NOTICE TO CONSIGNEES

The above vessel is arriving on 31-07-2023 at MUNDRA PORT with Import cargo from DURBAN. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA PORT SEZ

The above vessel is arriving on 31-07-2023 at MUNDRA PORT with Import cargo from JEBEL ALI, JUBAIL, DURBAN.

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

KANDLA-SEZ/GANDHIDHAM

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

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MSC AGENCY (INDIA) PRIVATE LIMITED

Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd

Ports to clock 4%-5% volume growth in FY24 amid multiple headwinds : India Ratings

MUMBAI: Despite challenges posed by economic slowdown in importing markets like the EU and theUS,Indianportsareanticipatedto achieve mid-single digit volume growth on an aggregate basis in the financial year 2023-24, according to IndiaRatingsandResearch(Ind-Ra).

The resilience of Indian ports stems from enhanced operational efficiency, the government’s emphasis on developing downstream logistics infrastructure, and stability in freight rates,enablingthemtooffsetpotential lower volumes and achieve a 4%-5% year-on-year volume growth in FY24 (with a compound annual growth rate of3.5%duringFY15-FY23).

Notably, India’s overall Logistics Performance Index (LPI) rank improved significantly in 2023 despite disruptions in global shipping supply chains due to the COVID-19 pandemic. The LPI ranking climbed

to 38 from the previous survey’s rank of 44 in 2018. Ind-Ra credits this achievementtostrategicinvestments in infrastructure, supply chain digitalization, containerization of cargo, and efficient rail and road connections linking major ports on bothcoasts.

Theaveragedwelltime,indicating the time containers spend in Indian ports between May and October 2022, was recorded at an impressive three days, equivalent to Singapore, the top-ranked country in the LPI Index. These measures have considerably enhanced the efficiency of Indian ports and bolstered their performanceinglobaltrade.

As trade lines have been re-established, container freight ratesreturnedtopre-pandemiclevels in the second half of FY23. Ind-Ra’s FY24Outlook:Logisticssuggeststhat normalization is likely to continue in

the third and fourth quarters of FY24. The stability in freight rates is expected to bolster foreign trade, resulting in higher cargo volume growth and improved earnings and profitabilityforIndianportoperators.

DuringFY23,India’smerchandise exports recorded a notable growth of 6.9% year-on-year, amounting to $451 billion. However, total export volumes fell 13% year-on-year, reaching 16.1 billion tonne. The signs of slowdown in the EU and US economies mirror the deceleration in theirforeigntradewithIndia.

In FY23, the combined EU and US trade formed 33% and 15% of India’s total export value and import value in USDterms,respectively.Aprolonged slowdown or a potential recession in these geographies might present challenges for India’s cargo volume growth, particularly in terms of exports.

India-US trade likely to rise 60 % to USD 300 bn by 2026-27: PHDCCI report

NEW DELHI: The trade between India and the US is likely to touch USD 300 billion in 2026-27 from USD 188 billion in 2022-23, with about 60 per cent rise in value, according to a report by industry body PHDCCI. The report titled The India-US Bilateral Relations: Steady Strides into the Future” was produced by the ResearchBureauofPHDCCI.

The volume of exports

(merchandise and services combined) from India to the US has increased from USD 82 billion in the financial year 2018-19 to USD 111 Billion in 2022-23.The volume of imports (merchandise and services) from India to the US has increased from USD 58 Billion in 2018-19 to USD 76 Billion in 2022-23, stated the industrybodyinthereport.

India and the US, the two largest

democracies, are not only collaborating closely in trade but also possess common interests in promoting global economic prosperity which is evident from the strong bilateral cooperation between them in forums like G20, Quad, and IPEF (Indo-Pacific Economic Framework for Prosperity), said Saket Dalmia, President, PHD Chamber of CommerceandIndustry.

A SWIFT system tailored to push Rupee trade globally on cards

NEW DELHI: India is looking to set up its own international financing messaging system along the lines of SWIFT (Society for Worldwide Interbank Financial Telecommunications), the channel used worldwide to transfer funds and securitiesacrossborders.

The proposal is a part of the Government's bigger plan to internationalise the Indian currency. The system will help settle bilateral tradeinrupees.

Anexpertcommitteeofbankersis exploring options and is expected to submitfindingstotheGovernmentby August,accordingtoofficialsawareof the matter. The committee members are drawn from the State Bank of India, Bank of Baroda, Bank of India and Central Bank of India among others.

An official said the committee will look at the RBI's existing platform, the Structured Financial Messaging System,orSFMS.

Indiannancialnetwork

'We have to explore how we can scalethisup,'hesaid.

Built on the lines of SWIFT, the SFMS can be used for secure communications within and between banks. In its 2022 Vision Document, the RBI also made a case for expandingtheambitoftheSFMS.

'The feasibility of providing membership/technology of Infinet to other jurisdictions shall be explored,' it noted. 'Further, it shall be explored to expand the framework of SFMS to provide a domestic payment system platform to other jurisdictions. This could be expected to provide faster, convenient, and cost-effective

direct payment channels with other jurisdictions.'

The Indian Financial Network (Infinet)isamembership-onlyClosed User Group network that comprises the RBI, CPS (Centralised Payment System) member banks and financial institutions. It provides financial messaging services through its member interface application to all RTGS (Real Time Gross Settlement) participants.

The Government has been pushing banks to conduct outreach programmes with the international trading community to promote trade using special rupee vostro accounts (SRVAs).

So far, 20 banks from 22 countries have opened 92 such accounts, including Bangladesh, Germany andRussia.

m.v. “MSC SKY II” Voy : XA329A

I.G.M. NO. 2350386 (EDI) Dtd. 26-07-23 Exch Rate 84.48

The above vessel has arrived on 27-07-2023 at MUNDRA PORT with Import cargo from RAS AL KHAIMAH, SOHAR. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA

2 MEDUOM244036

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

NOTICE TO CONSIGNEES

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

The above vessel has arrived on 30-07-2023 at MUNDRA PORT with Import cargo from ABU DHABI, JEBEL ALI, SOHAR.

India becomes 2nd largest exporter of Agrochemicals

NEW DELHI: The stellar performance on the export front is due mainly to Indian industry’s innovative technical capability to quickly introduce post-patent products at competitive prices in the market – domestic and global. Our scientists and engineers are amongthebestintheworld.

TheIndianagrochemicalindustry fetches valuable trade surplus every year. The trade surplus sharply increased from Rs. 8,030 crores in 2017-18 to Rs. 28,908 crores in the last fiscal.

The USA is the largest buyer of Indian made agrochemicals followed by Brazil and Japan. This is a testimonytothehighqualityofIndian made agrochemicals which are used inover140countriesworldwide.

Globally the agrochemicals

market is estimated to be US$78 bn, almost 75% of this is of post-patent products. India is fast emerging as a preferred global hub for sourcing the post-patentagrochemicals.

In order to boost domestic production and to curtail imports, CropCareFederationofIndia(CCFI) has recommended certain measures to the Government of India to discourage import of ready to use pesticide formulations.

“The association is of the firm opinion that the custom duty needs to be revised to 20% on technical and 30% andimportofformulationstomaintain adeltaofatleast10%betweenthetwo custom tariffs,” Harish Mehta, SeniorAdvisor, CCFIsaid.

Referring to India’s on-going discussions on Free Trade Agreements (FTAs) with the EU, UK

and others, Deepak Shah, Chairman, CropCareFederationofIndia(CCFI) cautioned against granting any TRIPs plus measures such as data exclusivity to the western MNCs as it would adversely affect the growth of India’s export-oriented agrochemical andpharmaceuticalindustryaswell.

Shah further said that Indian companieshaveinrecentyearsmade significant investments in establishing larger and new production facilities to cater to the domestic and global markets. Backward integration, capacity expansion and new registrations would foster the growth of Indian agrochemical industry. With favourable policy facilitations, the Indian agrochemical industry is confident of doubling exports in the nextthreeyears.

Ship Leasing sets sail from GIFT IFSC, First Ship leased

Ripley Shipping India leases first vessel from GIFT IFSC

GANDHINAGAR: Ripley

Shipping India IFSC Private Limited (‘RSIIPL’), which received acertificateofregistrationfromthe International Financial Services Centres Authority (IFSCA) in March 2023 to operate from the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City), has recently imported andleasedthefirstship/vesselfrom its IFSC unit. MV Ripley Pride is a Bulk Carrier (Panamax) that was built in 2003 in Japan with carrying capacity of approx. 76,858 DWT. Thelengthoverall(LOA)ofthevessel is 225 meters and the width is 32.26 meters. This is the first ship/vessel cleared through GIFTIFSC.

Mr. Tapan Ray, MD and Group CEO of GIFT City, said, “The successful leasing of the first ship from GIFT IFSC exemplifies a pivotal breakthrough for the ship

leasinglandscapeinIndia.Thisevent highlights the immense potential for growth and investment in the maritime sector from Indian shores, positioningGIFTCityasadestination of choice for both domestic and international players seeking to capitalise on India’s ship leasing and financingopportunities.”

Shoumik Bose, Promoter and CEOofRipleyGroup, said, “We are pleased to embark on this journey from GIFT IFSC with the first ship leased.Weareveryexcitedaboutthe

trade-friendly regulations and the red carpet welcome by IFSCA, which was well-supported by SAFAL committee recommendations. The fast-track approvals from the SEZ Department and GIFT City authorities have ensured the timely completionoftheentiretransaction. We are thankful to the authorities and everyone at GIFT SEZ and IFSCA for all the support accorded to us. We are looking for more vessels/ships to be leased/chartered fromourGIFTIFSCunit.”

Ripley Group has a presence in various parts of the world, including India,UAE,andSingapore.

Each year, India is estimated to payaboutUSD75billionforseaborne freighttoforeignshippingcompanies. With the promotion of ship leasing and financing business from GIFT IFSC, India is poised to set a new benchmark in this segment inthetimetocome.

India and Iran are expecting to sign long-term deal on Chabahar Port

NEW DELHI: India and Iran are expected to sign a long-term deal for the development of Iran’s Chabahar Port by September before the Global Maritime India Summit 2023 scheduledinNewDelhiinOctober,two peoplefamiliarwiththemattersaid.

After years of negotiations, Delhi and Tehran are expected to sign a multi-year deal, allowing India to develop the Shahid Beheshti Terminal in the Chabahar port. In2016,IndiaPortsGlobalLtd(IPGL) and Arya Banader of Iran had signed acontracttodeveloptheport.

However, an official of the Ports Ministrysaidthecontoursofthelongtermdealwillbefinalizednextmonth, andanagreementwilllikelybesigned inSeptember.

Currently, India and Iran sign one-year contract extensions for developing and running the terminal atChabaharPort.However,Indiahas been urging Tehran to commit to a longer-term pact, providing certainty for investment and development plans for the port designed by India. Along-termcontractfor10yearsmay alsoprovideforautomaticrenewal.

Negotiations on the long-term contract were earlier held up due to disagreements over the arbitration clause in the deal. Iran was earlier uncomfortable with clauses on international arbitration, given constitutional restrictions on taking disputes to foreign courts. However, both sides are set to reach a compromisesolutionallowingcasesto be taken to international arbitration courts in neutral locations such as SingaporeandDubai.Indiahadearlier suggested arbitration matters be takenupeitherinDubaiorMumbai.

m.v. “MSC UNIFIC” Voy : IB329A

The above vessel has arrived on 28-07-2023 at MUNDRA PORT with Import cargo from ABU DHABI. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA PORT SEZ

The above vessel has arrived on 28-07-2023 at MUNDRA PORT with Import cargo from ABU DHABI, MESAIEED. Please note the item Nos. against the B/L Nos. for MUNDRA delivery

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 28-07-2023 at MUNDRA PORT with Import cargo from ABU DHABI, MESAIEED 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 :

& 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

UP Inland Waterways Authority to be formed for expansion of Water Transport : CM Adityanath Yogi

LUCKNOW: Stressing that waterways transport will be expandedinthestate, UttarPradesh Chief Minister Yogi Adityanath recently said an inland waterways authority would be set up in the Stateforthepurpose.

The Chief Minister discussed the development of waterways in the state at a high-level meeting and also gave necessary directions regarding thesettingupofUttarPradeshInland Waterways Authority, an official releaseissuedheresaid.

The expansion of waterways

transport in Uttar Pradesh is progressing rapidly and the National WaterwayfromPrayagrajtoHaldiais operational, Adityanath said. There are immense possibilities for both passenger and cargo transportationininlandwaterwaysin thestate,whichneedstobeexpanded further,theChiefMinistersaid.

Adityanath said UP is a land of perennial rivers, with most rivers having sufficient water throughout the year. The formation of the inland waterways authority in the state should study the functioning of the

National Waterway Authority and similar systems in other states and presentrelevantproposals,hesaid.

The authority will function as a nodal authority coordinating with the Indian Inland Waterways Authority and it will regulate all activities relatedtoit,theCMsaid.

The Transport Commissioner of the state should be designated as the CEO of the authority and officials from departments related to finance, culture, irrigation, and forestry, among others, should be included as members,hesaid.

India will consider PLI Scheme for chemicals and petrochemicals : FM Nirmala Sitharaman

NEW DELHI: The Indian Government will consider introducing a production-linked incentive (PLI) Scheme for chemicals and petrochemicals to encourage domestic manufacturing of these products, Finance Minister Smt Nirmala Sitharaman said.

“We are in favour of having India becoming a manufacturing hub and, of course, we’ll consider the PLI also for chemicals and petrochemicals,” Sitharaman said at the Summit on Global Chemicals and Petrochemicals Manufacturing Hubs inIndiaorganisedbytheDepartment

of Chemicals & Petrochemicals with theFederationofIndianChambersof CommerceandIndustryonJuly27.

Exports,Imports

The Government has so far announced14PLIschemes–aimedat encouraginglocalmanufacturingand cuttingimports–forsectorsincluding telecommunications, electronics, white goods, textiles and pharmaceuticals.

India’s combined exports of chemical and petrochemicals rose 2 percent to $9 billion in FY23 (till September 2022), the Minister said. Imports in this sector increased to$13.33billion.

The Minister said that the importance of the chemicals and petrochemicals sector can be gauged from the fact that it manufactures 80,000 products that directly impact many sectors including construction, packaging, textilesandagriculture.

Referring to specialty chemicals, the Minister said it represents 22percentofIndia’soverallchemicals and petrochemicals market and isvaluedat$32billion.

She said the world is looking at an alternative destination for manufacturing in this sector and Indiastandsagoodchance.

WTO members facilitate imports, reduce trade restrictions, but food export curbs persist

GENEVA: The Director-General’s mid-year report on trade-related developments shows that WTO members continued to facilitate imports and generally exercise restraintintheuseoftrade-restrictive measures from mid-October 2022 to mid-May 2023. However, while the number of export restrictions on food, feed and fertilizers has come down substantially, many such measures remained in place, contributing to supply uncertainty and price volatility. Director-General Ngozi OkonjoIweala urged members to work together to deliver results at the 13th Ministerial Conference (MC13) that strengthen the WTO and ensure trade continues to foster growth, resilienceandprosperity.

Speaking at the launch of the report, DG Okonjo-Iweala said: “The fact that WTO members have been taking more steps to facilitate imports illustrates how trade is a valuabletoolforpushingbackagainst inflationary pressures.” Pointing to theintroductionofexportrestrictions on food, feed and fertilizers since the start of the war in Ukraine in February 2022, DG Okonjo-Iweala noted that several such restrictions havebeenphasedout.

During the review period, WTO members introduced 182 new tradefacilitating and 110 trade-restrictive measures on goods unrelated to the pandemic. Most trade-facilitating measureswereimportmeasuresand most trade-restrictive measures

were export measures. For the third time since the beginning of the Trade Monitoring Exercise in 2009, the numberofnewexportrestrictionshas outpacedthatofimportrestrictions.

The trade coverage of tradefacilitating measures introduced during the review period was estimated at USD 703.7 billion (down from USD 1,160.5 billion in the last report) and that of trade-restrictive measures at USD 110.5 billion (down fromUSD278.0billion).

Thestockpileofimportrestrictions in force remained important, with no sign of any meaningful roll-back of existing measures. By the end of 2022, 9.2%ofglobalimportswereaffectedby importrestrictionsimplementedsince 2009andwhicharestillinforce.

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GatiShakti is well-developed Logistics and Supply Chain network to boost India's economy: MoS Commerce

NEW DELHI : PM GatiShakti aims to build a well-developed logistics and supply chain network, which will allow goods to flow seamlessly across borders and increase access to global markets, said Mr. Shri Som Parkash, Union Minister of State for Commerce & Industry at the National Conference on Gati ShaktiBoosting connectivity for New India: Logistics – Warehousing - Supply Chain" organised by the Associated Chambers of Commerce and Industry of India(ASSOCHAM).

While addressing the conference Mr.ShriSomParkash, Union Minister of State for Commerce & Industry, Government of India said that states/ Union Territories of the country are extensively using the PM GatiShakti approach for planning connectivity to Industrial Regions; for deciding on location of social infrastructure assets, such asschools,hospitals,etc.

ShriParkashcomplementedPMGatiShaktiNMP,National Logistics Policy that aims to bring efficiency in logistics services and human resources. The Policy aims to reduce the cost of logistics, improve India’s ranking in Logistics Performance Index, enabling data-driven decision support mechanismforanefficientlogisticsecosystem.

This is a strong indicator of India’s global positioning, with this development being powered by our government’s laser focus on reforms for improving logistics infrastructure through PM GatiShakti and National Logistics Policy,” he said.

Mr Rajesh Pandit, Managing Director, GWS India, PM - India, Middle East, Southeast Asia and North Africa, CBRE said "As the Gati Shakti Master Plan unfolds, its core focus on enhancing logistical efficiency and strengthening connectivity is expected to drive strategic growth nationwide. Subsequently, as logistics infrastructure improves, there will be a surge in demand for warehousing, distribution centers, and industrial parks, presenting compelling opportunities for mixed-use developments and retail spaces. The plan's concerted efforts to enhance

multi-model connectivity will unlock the untapped potential, fostering inclusive economic growth and propelling India towardsapromisingfuture.

Beyond its transformative impact on infrastructure and logistics, the Gati Shakti Master Plan also holds the potential to significantly increase employment opportunities across the country. As the plan forges ahead, CBRE, wholeheartedly supports the Government's Gati Shakti initiative and iscommittedtocontributingtoitsresoundingsuccess”.

ShriYuvrajSharma,ClusterHead–Sales&Marketing India, Sri Lanka and Maldives, Kuehne+Nagel Group stated Indian logistics market is expected to be close to $425 million and a growth with 8.5% rate in the next 17 years. He highlighted that the Biggest superpower under GatiShaktiarevisibilityofcargoandwaterwaynavigation.

Lt. Col. Jitender Yadav, Founder, Pragati Group said India has risen 6 points in world logistics performance index. Point of concern of the logistic course is that it is 15% higher comparatively to a developed nation with 7-8 %. Warehousing sector development faces problems like land acquisition and landcosts.

Mr. Christian Kapfensteiner, Director, Sustainable Urban and Industrial Development, Deutsche Gesellschaft für technische Zusammenarbeit (GIZ) GmbH, India said multi model connectivity should be implemented to develop infrastructure to reduce logistics cost. Larger focus should be on Digitalization, Connectivity, Delivery Time, Tax incentives, and Skill development to sustainthesector.

A joint Knowledge report was released by ASSOCHAM and CBRE by eminent dignitaries and industrialists on the themeGatiShakti:BoostingConnectivityforNewIndia.

Cont’d. from Pg. 4

Addressing the ‘FICCI Warehousing and Supply Chain Summit’, Ms Dawra stated that the logistics and warehousing industry will have to play a pivotal role to help achieve the larger objective of the PMGS-NMP which is focussed on making India a developed economy by 2047. “Better warehousing not only makes the manufacturing sector more efficient but also brings more investments, makes supply chain more resilient and generates more economicvalue,”sheadded.

Ms Dawra also alluded to various Government initiatives like PM Gatishakti, digitalization, big data analytics and multimodal logistics parks to support the industryinitsendeavourtobegloballeader.

Citing the example of Jogighopa multimodal logistics park (MMLP) situated at the banks of Brahmaputra in Assam, Ms Dawra talked about how different forms of transport i.e., railways, highways and waterways are being utilized in bringing efficiency in logistics, reduce travel time andsavecosts.

MrAmitKumarSingh,ManagingDirector&Director (M&CP), Central Warehousing Corporation said, "Cost effectiveness, reliability, resilience and sustainability arethefoundingstonesofanyefficientsupplychain.Indiahas done a fairly good job in creating warehouses for foodgrains; however, we still lag in developing warehousing for other sectors. The domestic warehousing sector is scattered and therefore it is very difficult to bring any standardization. There is a huge opportunity of consolidation and standardizationinthedomesticcargoindustry.”

Mr T K Manoj Kumar, Chairman, Warehousing Development and Regulatory Authority (WDRA) said, "Standardization and digitalization will carve out definitive solutions most of the problems faced by the warehousing industry in the country. The logistics policy of the Government of India has clearly defined the goals for the industry. WDRA is gradually working towards bringing uniformity and digitalization in the Indian warehousing industry.”

Mr Sachin Bhanushali, Advisor, FICCI Logistics Committee & Former CEO Gateway Distriparks Ltd said, “The cost of logistics is a huge concern for the Indian industry; however, the reliability of the logistics is an equally big concern. Railways can play an important role in bringing down the logistics costs in the country. It is time to adopt transformative approach to do the logistics and warehousingbusinessinthecountry”,headded.

"Logistics managers are concerned about the reliability inthedeliveryoftherawmaterialsandgoods.AlthoughGST has practically removed the interstate borders in terms of taxation,somemorechangesarerequiredontheregulatory side and the methodology in which the industry operates,” headded.

During the event, FICCI-Grant Thornton Knowledge Report titled Evolving Landscape of Warehousing and Logistics in India: A road to becoming third-largest economy by 2027 was released. The report assesses various logistics and warehousing market trends and key policies thatarehelpingtodefinetheindustryandthedevelopments anticipatedintheforthcomingperiod.

Warehousing & Logistics will play key role in making India a developed economy: Special Secretary (Logistics), DPIIT