MUM-01-02-2023

Dr. Sanjeev Ranjan appointed as Chairman of National Shipping Board

NEW DELHI: Dr. Sanjeev Ranjan, Secretary, Ministry of Ports Shipping and Waterways has been appointed as the Chairman of the National Shipping Board with effect from 1stFebruary2023.

Dr. Ranjan is a 1985 batch IAS officer and has taken charge as the Secretary of Ministry of Ports Shipping and Waterways on April 30 2020. Prior to this, Dr, Ranjan served in various positions in the Government of India and GovernmentofTripura...

Economic

Survey 2023 : Exports show resilience during FY’23 on the back of record levels of Export in FY’22

NEWDELHI:Indiahasbeenabletofacetheheadwindsto its external sector from a position of strength in the back of strong macro fundamentals and buffers. The Economic Survey 2022-23 presented in Parliament today by the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman stated that India’s external sector has been struckbyshocksanduncertainties. Cont’d. Pg. 16-17

Dr. Sanjeev Ranjan

Require JUNIOR EXECUTIVE for Customer Service Team at our Ahmedabad Office Candidate must be graduate, having minimum 1 year related experience in Shipping Industry (Fresher can also apply), English conversant & Computer literate can drop cv to : suphrs@evergreen-shipping.co.in

TRANSHIPMENT AT COLOMBO TRANSHIPMENT AT PORT KLANG WEST

Dr. Sanjeev Ranjan appointed as Chairman of National Shipping Board

Cont’d. from Pg. 3

... including as the Secretary of MoRTH, Chairman of NHAI,ChiefSecretaryofTripura,AdditionalSecretary& Financial Adviser in the MoRTH, Shipping, and Tourism, Joint Secretary in the Ministry of Defense, Resident Commissioner of Tripura, Director in the Ministry of HeavyIndustries,anddistrictmagistrateandcollectorof NorthTripuradistrictintheTripuragovernment.

He has also served on the Board of a number of companies in the infrastructure, power and tourism

sectors including NHIDCL, SCI, ITDC, OTPC, NEEPCO andNationalDairyDevelopmentBoard.

The National Shipping Board is an advisory body to Ministry of Ports Shipping and Waterways on matters related to shipping and shipping infrastructure. The National Shipping Board members are elected/nominated by Parliament, Lok Sabha and Rajya Sabha. The existing members of the National Shipping Board was reconstituted in August 2022 for a period of twoyears.

Mumbai Port, India’s Premier Port celebrated India’s 74th Republic Day with enthusiasm

MUMBAI: Mumbai Port, India’s premier port celebrated India’s 74th Republic Day with enthusiasm as it was special since Mumbai Port Authority is celebrating its 150 years. Onthisoccasion,

Shri Rajiv Jalota, IAS, Chairperson, Mumbai Port Authority hoisted a Flag at Domestic Cruise Terminal, Bhauchha Dakka, MbPA and presented the Guard of Honour. CISF also performed spectacular demonstration andparade.

Shri Adesh Titarmare, IAS, Dy. Chairperson, MbPA, Shri Rakesh Shrivastava, ITS, CVO, MbPA, MbPA HoDs, Sr.Officers & staff attended the ceremony. On this occasion, Shri Jalota, addressed the gathering anddistributedvariousawardsandprizes.

Shri Rajiv Jalota mentioned that MbPA is celebrating severaleventsunderAzadiKaAmritMahotsavtohonour glorious history and achievements in different sectors and also planning several events for 150 years

celebrationofMbPA.MumbaiPortisconstantlyengaged in creating new infrastructure, new business opportunities, attracting new cargoes and opening up newavenuesandcontributedformaritimesector.

Shri Rajiv Jalota announced the launch of the “Policy for Usage & Revitalisation of Waterfront”welcoming all citizens to organize activities to promote art, history, culture, health awareness, etc. at the EasternWaterfront.

Arun Kumar Sharma, assumes charge as Sr. General Manager of IFFCO Kandla Unit from Today

GANDHIDHAM: ShriArunKumar

Sharma, Sr. General Manager has takenoverthechargeofIFFCOKandla Unit with effect from 1st Feb. 2023 upon superannuation ofShriOPDayama.

Shri Arun Kumar Sharma completed his graduation in B.Tech. (Chemical Engineering) and has also done post-graduation in Masters of Business Administration. He started his career as Graduate Engineer at IFFCO’s Kandla Unit and has been associated with IFFCO for more than three decades. He has varied experience and expertise in projects, plant commissioning and operationsofIFFCOKandlaplant.

Prior to taking charge of Kandla Unit, Shri Arun Kumar Sharma has served IFFCO in different roles at

KandlaUnitasHeadofTechnical Department and also as Head of ProductionDepartment.

He has also contributed his expertise in JPMC, Jordan for technical study and modifications in DAP plant subsequent to which plant is operating at full capacity with highefficiency.

He has made Technical Paper Presentation at IFA and FAI conferences on improving productivity of DAP/ NPKplants.

He has widely travelled overseas in connection with variousprojectsofIFFCO.

ShriArun Kumar Sharma

Tiruppur knitwear exporters flag concerns over Q4 export order trend

TIRUPPUR: Despite improvements in new orders from key markets, the current quarter is unlikely to bring any big cheer for knitwear exporters in Tiruppur, says an industry body that represents the knitwearcapitalofIndia.

Exporters say there was a contraction in demand in key markets such as the US and European Union during the December 2022 quarter despite buying seasons such as Thanksgiving day, Christmas, and New year.

In Q3, the overall decline was about 19 per cent at about $975 million for knitwearexportsfromTiruppur.

“The order placement is gradually increasing and January 2023 has also seen some increases. But those are not promising and we feel that the declining trend would continue in Q4 also,” S Sakthivel, Executive Secretary, Tiruppur Exporters Association said.

In dollar terms, knitwear exports from Tiruppur declined by 10.1 per cent to $393 million when compared with $437 million in December 2021. Overall, knitwear exports from India fell 2.9 per cent to $737 million during the last month as against $759 million inDecember2021.

Inflationandwarimpact

The declining trend for Tiruppur exporters started in August 2022 as an impact of the Russian-Ukraine war. Tiruppur accounts for about 55 per cent of knitwear exports from India. “High inflationary conditions and recessionary trends in key markets of the US and EU kept the textile and apparel demand subdued in 2022, especially the later half. Volume growth in most of the markets remained in negative to nil zone, with market size increase happening due to higher product costs,” according to Varun Vaid, Business Director, Wazir Advisors, a management consultingfirm.

Steel companies seek import duty hike to counter dumping

NEW DELHI: The domestic steel industry has requested the Government to increase the basic customs duty on steel imports and levy an additional 25% safeguard duty on the alloy in the upcoming Union budget to counterdumpingofsteelfromcountries such as Japan, South Korea, China and RussiaintotheIndianmarket.

The import duty on finished steel products was slashed to 7.5% in the budget for 2021-22. The Indian Steel Association (ISA), a lobby for domestic steelmakers, has written to the Finance Minister, requesting to restore the duty

to 12.5% for flat steel products and increaseitto10%forlongproducts.

About 60% of the steel imports come from countries which India has a free trade agreement with, thus attracting zero basic customs duty. To counter dumping from these countries, steelmakers want a 25% safeguard duty onimports.

Steel imports surged 40% year-onyearto5milliontonnesinApril-December 2022, as per data from the Joint Plant Committee, a Government-backed institution. Meanwhile, exports plunged 60% to 6 million tonnes during this period,

primarily due to the imposition of a 15% export duty by the government which has sincebeenrevoked.

India became a net importer of steel during the December quarter, with imports displacing 8% of the domestic steeldemand,saidtheassociation.

Steelmakers argue that several countries are dumping their excess steel production into India at prices far lower than in their own domestic markets. With imported steel becoming cheaper,domesticmanufacturersclaim that they are being forced to cut prices tounsustainablylowlevels.

(EPIC

FOR EXPORT LOADING

SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

Le

ANL CMA CGM Ag. Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre, Dron-3 & Mul Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

SCI/Hapag CMT/ISS Shpg. Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre —/ULA CFS COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT

TO

RED SEA & MED. PORTS from GTI

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSICT

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSIGT

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from NSIGT

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from BMCT

TO LOAD FOR WEST

ASIA GULF PORTS From NSICT

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

TO LOAD FOR WEST ASIA GULF PORTS From GTI

Unifeeder Group Transworld Shpg. Jebel Ali, Bandar Abbas.

Emirates Emirates Shpg. Jebel Ali, Sohar.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas.

Hapag ISS Shpg.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas. Speedy CFS

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

Team Leader Team Leader Dubai, Jebel Ali

From BMCT

GDL & DRT

LOAD FOR INDIAN SUB CONTINENT from NSIGT

TO LOAD FOR INDIAN SUB CONTINENT from GTI

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

FOR FAR EAST, CHINA & JAPAN PORTS from NSICT

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from BMCT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

ETA ETD Vessel's Voy Rot Carting Line Agents Will Load For Name

MUMBAI

TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS

TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS

In Port 05/02 Han Zhi(Sing) 2220 264156-24/01 Mitsutor Dammam, Um Qasir TO LOAD FOR KARACHI, COLOMBO, YANGOON AND BANGLADESH PORTS

TO LOAD FOR USA, CANADA, ATLANTIC & PACIFIC, SOUTH-CENTRAL AMERICAN & WEST INDIES PORTS

In Port 04/02 Pederewski 26 263599-18/01 Chipolbrok Samsara Houston.

27/02 28/02 Alliance Fairfax 105 Hoegh Autoliners Merchant Shpg. Kingston, Veracruz, Jacksonville. TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICAN / AUSTRALIAN & NEW ZEALND PORTS

In Port 04/02 Pederewski 26 263599-18/01 Chipolbrok Samsara Singapore, Kaohsiung, Shanghai.

03/0204/02 Asian Majesty(KR) 206 Eukor Car Carr Parekh Marine Singapore, (Shanghai).

27/0228/02 Alliance Fairfax* 105 Hoegh Autoliners Merchant Shpg. Durban, Tema, Dakar *.

25/0227/02 Hoegh Trident 201 Hoegh Autoliners Merchant Shpg. Singapore, Laem Chabang.

04/0308/03 Herbert 6 Chipolbrok Samsara Singapore.

NOTICE TO CONSIGNEES

m.v.“KURUSHIMA” V-065 I.G.M. No. 2333756 Dtd. 27/01/2023

The captioned vessel is arriving at MUMBAI PORT on 01/02/2023 with Import Cargo.

Consignees expecting import cargoes on the captioned vessel are requested to present their ORIGINAL BILLS OF LADING duly discharged and obtain Delivery Orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignee’s risks and costs.

“Stamp duty” is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the Carriers and/or their agents are not bound to send the individual notifications regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the packing list to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the vessel/Owners/Agents will not be held responsible for the consequences arising thereof.

Consignees requiring steamer survey to be conducted for the goods discharge may contact the agents office for the same. The company’s Surveyors are M/S. AINDLEY MARINE PVT. LTD., 9 Kamanwala Chambers, 1st Floor, Sir P. M. Road, Fort, MUMBAI - 400001. Tel: +91-22-66359901/2/3 Email: ops@aindley.com and the usual survey conditions will apply

General Agent

NYK INDIA PVT. LTD.

Unit No 1205-1208 ,“Windfall”.12th Floor , Sahar Plaza Complex, Sir . Mathurdas.Vasanji Road , Andheri (EAST) Mumbai-400 059. Contact details: Board : +91 22- 46138181 Website www.nyklineindia.com

NOTICE TO CONSIGNEES

m.v.

“QI SHUN”

The captioned vessel is due to arrive at MUMBAI Port on 09.02.2023 with import cargo from SHANGHAI, TAICHUNG AND SONDOUNG (CHINA).

Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs.

"Stamp duty" is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.

In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.

In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same.. As Agents

Qatar-India Bilateral Trade crosses $18bn in 2022 : Dr Deepak Mittal

DOHA:Thevalueofbilateraltrade between Qatar and India crossed the $18bn level, recording a 33% year-onyear growth, according to Indian Ambassador Dr Deepak Mittal. Speakingtoreportersonthesidelines of ‘India Utsav 2023’ organised recently by LuLu Group, Mittal said: “Bilateral trade between India and Qatar has always grown strength to strength. Last year, we saw that the value of bilateral trade crossed $18bn and I think it is a new landmark since it is a more than 33% growth comparedto2021.

“Oureffortishowtorealiseitstrue potential and how to diversify the trade basket. We are happy that we are among the top five trading missions for Qatar. Our effort continuestofindnewwaysandmeans todoso.”

Mittal also underscored the need for Qatar and India to work on a comprehensive economic partnership in other fields, such as energy, citing Qatar as a “steady and reliable partner” of India’s energy security.

“Our effort on both sides is how to deepen these ties and give it a

comprehensive relationship because India is diversifying its energy mix. We are increasing our gas target from 6% to 15%, so we can work together in terms of gas-based infrastructure, which needs to be developed in India to increase consumption,” the ambassadorpointedout.

Aside from energy, Mittal emphasised that India is also looking to work with Qatar in the fields of food and health security, as well as other areas, such as Information Technology, Artificial Intelligence, andeducationandstudentexchange.

Onfoodsecurity,MittallaudedLuLu Group for organising India Utsav 2023, whichnotonlyshowcasesandpromotes a wide variety of Indian products but alsotheimportanceofmillets,citingthe UN’s declaration of 2023 as the ‘InternationalYearofMillets’.

“There is a special effort to presentallvarietiesofmilletsatevery LuLu outlet as 2023 was declared by the UN as ‘International Year of Millets’, explained Mittal, who stressed that millets are seen as a ‘super food’ and is environmentally sustainable.

Farm goods’ exports to hit fresh record in FY23

NEW DELHI: India’s farm trade, which recovered smartly in FY22, will likely hit a record this fiscal, with both exportsandimportsscalingnewpeaks.

Agricultural exports are expected to hit a fresh peak of $50 billion and imports, too, may touch $34-35 billion, official and trade sources told. Farm trade thus remains more unsusceptible toaglobaleconomicslowdown.

Thesedatadon’tincludeexportsand imports of cotton, often considered part ofthetextilesandgarmentstrade.

Without the ban on the outbound shipment of wheat, broken rice and wheat flour, and curbs on sugar, farm exports would shoot up to about $54-55 billion in FY23 and widen the net trade surplus in this segment, some of the sources said. The export restrictions were imposed by the government earlier this fiscal to tackle elevated inflationarypressure.

According to the latest official data,

farm exports grew 12.6% on year until December this fiscal to $38.5 billion, higher than the 10.2% growth in the overall merchandise exports. Such imports rose 11.1% to $26 billion, lower than a 24.9% jump in total goods imports. Vegetable oils, comprising mainly edible oil,accountedfor62%oftheseimports. However, such exports may come under pressure in the coming months once the full impact of the restrictions, imposed in different months, start to hurt after a time lag, analysts said. Wheat exports, for instance, were allowed in limited volumes this fiscal against the letters of credit already issued before the ban; these despatches are now completed. Moreover, the government had banned exports of wheat products on August 27 and broken rice on September 8, the fallout of which will be captured in the trade data in the coming months. Easing commodity prices may also impact

exportrealisation.

Farm exports until December this fiscal were driven by a 40.3% jump in despatches of basmati rice to $3.3 billion; non-basmati rice supplies inchedup3.4%to$4.7billion(thesewere up 13% until August). Exports of plantation crops, especially tea and coffee, rose 14.6% to $1.5 billion, and those of unmanufactured tobacco climbed55%to$677million.

Wheat exports in the first nine months of the fiscal inched up 3.9% to $1.5 billion (mainly due to massive despatches before the ban was slapped).

Farm exports had hit a record $47.4 billion in FY22 (including cotton they hit $50.2 billion), defying supply-chain woes in the wake of the pandemic. These were buoyed by a resurgence in despatches of marine products and a sustained rise in non-basmati rice supplieslastfiscal.

Export of Indian leather and footwear to be $6 billion this fiscal

CHENNAI: The Indian leather and footwear sector estimates exports of nearly $6 billion in the current fiscal as against $5 billion in the previous year as there is a good growth momentum, according to Sanjay Leekha, Chairman, CouncilforLeatherExports.

“Our target is to reach around $14 billion exports by 2030,” he told news persons while announcing the 36 th

India International Leather Fair will be heldinChennaifromFebruary1to3.

Exports of leather, leather products and footwear have registered a ‘substantial’growththisfiscal,reaching $4.25 billion during April to December. With a huge growing global market, the opportunity is good for the industry. Buyers are looking at an alternative to China and India is well positioned to

capitalise on this opportunity. “Buyers are looking at India as a major and reliable supplier of value added products,”hesaid.

“In the last two years, the industry suffered huge losses due to the Covid pandemic. However, we bounced back strongly and achieved the pre-Covid levels. We will do better than the government’starget,”headded.

Economic Survey 2023 : Exports show resilience during FY’23 on the back of record levels of Export in FY’22

• INDIA’S OVERALLEXPORT INAPRIL-DECEMBER 2022 EXHIBITEDAPOSITIVE GROWTH OF 16% IN DOLLAR TERMS OVER THE SAME PERIOD LASTYEAR

• VARIOUS EXPORT PROMOTION MEASURES INITIATED TO NURTURE THE INHERENT COMPARATIVEADVANTAGE OF INDIAN EXPORTS

• REVIVALOF ECONOMICACTIVITYCONTRIBUTED TO INCREASE IN INDIAN IMPORTS

• CURRENTACCOUNT DEFICIT EXPECTED TO BE WITHIN SUSTAINABLE LIMITS IN FY’23

• RATIO OF EXTERNALDEBT TO GDPAT COMFORTABLE LEVELS

• FOREX RESERVES STOODAT US$ 562.7 BILLIONAT THE END OF DECEMBER’22

Cont’d. from Pg. 3

These manifested in terms of elevated though now easingglobalcommodityprices,heighteningInternational financial market volatility, reversal of capital flows, capital depreciation and looming slowdown in global growthandtrade.

The Economic Survey highlights that during FY23 (till December2022)India’sexportsdisplayedresilienceonthe back of record levels of exports in FY22. Petroleum products, gems & jewellery, organic & inorganic chemicals, drugs & pharmaceuticals were among the leading export items. However, the slowdown in Indian exports is inevitable in a slowing global economy, characterised by slowing global trade. The Survey says that recognising the key role exports play in improving the resilience of the external sector, from a medium to longterm perspective, various export promotion measures are being considered/implemented. These measures would nurture the inherent comparative advantage that Indian exportsembody.

The Economic Survey mentioned that National Logistics Policy would ease the domestic frictions to encourage Indian exports by reducing the cost of internal logistics. It also says thatthelatestFreeTradeAgreements,suchaswithUAEand Australia, would address the external frictions by creating opportunitiesforexportsatconcessionaltariffsandnon-tariff barriers. Thus, the whole ecosystem would evolve in an export-friendlymannerovertime.

The Economic Survey observes that apart from the elevated crude oil prices, the revival of economic activity contributed to an increase in imports. Petroleum, crude & products; electronic goods; coal, coke & briquettes, etc.; machinery, electrical & non-electrical and gold were among the top import items. It mentions that while continued softening of the global commodity price outlook would assist moderate imports going forward, non-gold, non-oilimportsmaynotdeceleratesignificantly.

The Survey states that India achieved an all-time high annual merchandise export of US$ 422 billion in FY’22. Merchandise export were US$ 332 billion over AprilDecember 2022 against US$ 305 billion during the period April-December 2021. Significant strides in exports were registeredindrugsandpharmaceuticals,electronicgoods andorganicandinorganicchemicalssectorinFY’22.India maintained its dominance in world services trade FY’22. India’s services export stood at US$ 254.5 billion in FY’22 recording a growth of 23.5 % over FY’21 and registered a growth 32.7% in April-September 2022 over the same period of previous year. The combined value of goods and services export in April-December 2022 are estimated to be US$ 568.6 billion, showing a growth of 16% compared to April-December2021.

The Survey highlights that efforts are underway to promote international trade settlement in Indian Rupees. Oncetheseinitiativesgaintraction,dependenceonforeign currency would potentially reduce, making the economy less vulnerable to external shocks. In July 2022, the Reserve Bank of India (RBI) issued a circular permitting

an additional arrangement for invoicing, payment, and settlement of exports/imports in Indian Rupees (INR) to promote the growth of global trade with emphasis on exports from India and to support the increasing interest in the global trading community in INR as an international currency.Theframeworkinvolvesinvoicingofexportsand imports in INR, market-determined exchange rates between the currencies of the trading partner countries, and settlement through special Rupee Vostro accounts opened with authorised dealer banks in India. The Survey states that the framework is significant as this could largely reduce the net demand for foreign exchange and couldassistIndianexportsingettingadvancepaymentsin Indian Rupees from overseas clients. It mentions that in the longer terms this could promote Indian rupees as an International currency once the rupee settlement mechanismgainstraction.

On the issue of Balance of Payments (BoP), the Economic Survey says that it encountered pressures during the year under review. While the impact of a sharp rise in oil prices was discernible in the widening of the Current Account Deficit (CAD), notwithstanding the cushion provided by the surplus on Invisibles (services, transfer, and income), policy tightening by the US Federal Reserve and the strengthening of the US dollar led to Foreign Portfolio Investment (FPI) outflows. As a result, the surplus of the capital account was lower than the CAD leadingtoadepletionofforexreservesonaBoPbasis.The Economic Survey expresses optimism that going forward, with the expected easing of crude oil prices, the resilience of net services exports and buoyant inward remittances would result in lower CAD during the remainder of FY23 andisexpectedtobewithinsustainablelimits.

Economic Survey 2023 : Exports show resilience during FY’23 on the back of record levels of Export in FY’22

Cont’d. from Pg. 16

Moreover,acomparisonwiththe position of the current account balance (CAB) for selected countries shows that India’s current account deficit (CAD) is modest and within manageable limits.

According to the Economic Survey, the fortified shock absorbers of India’s external sector are in place to cushion the global headwinds be it the formidable forexreserves,sustainableexternal debt indicators, or marketdetermined exchange rate. While forex reserves as of the end December 2022 stood at US$ 562.72 billion, accounting for 9.3monthsofimportsandtheratioofexternaldebttoGDP is at a comfortable level of 19.2 per cent as of endSeptember2022.

In its outlook for the external sector, the Economic Survey states that the export outlook may remain flat in the coming year if global growth does not pick up as indicated by many forecasts. In such cases, diversification of product basket and destination which India is taking through FTAs would be useful to enhance trade opportunities. It also says that given benefit of the lower age of the working population along with the advantages of economies of scale, India has the potential to cater to the global demand for several products in a cost effective manner. The recent softening of global crude oil prices augurs well for India’s POL imports. The survey says that India is cementing its position as the top remittance receiver in the world, with inward remittances projected to be at record levels during 2022. The CAD would be within manageable limits and eminently financeable. The stock of India’s external debt hasbeenprudentlymanaged.

PhysicalandDigitalInfrastructure Government’sVisionforInfrastructureDevelopment

•PublicPrivatePartnerships

• In-Principal Approval granted to 56 projects with Total Project Cost of 57,870.1 crore under the VGF Scheme, from2014-15to2022-23.

• IIPDFSchemewith150croreoutlayfromFY23-25was notifiedbythegovernmenton03November,2022.

•NationalInfrastructurePipeline

• 89,151 projects costing 141.4 lakh crore under different stages of implementation

• 1009projectsworth5.5lakhcrore completed

• NIP and Project Monitoring Group (PMG) portal linkage to fast-track approvals/ clearances forprojects

•NationalMonetisationPipeline

• 9.0 lakh crore is the estimated cumulative investment potential.

• 0.9 lakh crore monetisation target achieved against expected0.8lakhcroreinFY22.

• FY23 target is envisaged to be 1.6 lakh crore (27 per centofoverallNMPTarget)

•GatiShakti

• PM GatiShakti National Master Plan creates comprehensive database for integrated planning and synchronised implementation across Ministries/ Departments.

• Aims to improve multimodal connectivity and logistics efficiency while addressing the critical gaps for the seamlessmovementofpeopleandgoods.

MakingIndianLogisticsGloballyCompetitive

• National Logistics Policy envisions to develop a technologically enabled, integrated, cost-efficient, resilient, sustainable and trusted logistics ecosystem in the country for accelerated and inclusive growth.

• Rapid increase in National Highways (NHs) /Roads Construction with 10457 km NHs/roads constructed in FY22comparedto6061kminFY16.

• Budget expenditure increased from 1.4 lakh crore in FY20 to 2.4 lakh crore in FY23 giving renewed push to Capitalexpenditure.

• 2359 Kisan rails transported approximately 7.91lakhtonnesofperishables,asofOctober2022.

• Morethanonecroreairpassengersavailedthebenefit oftheUDANschemesinceitsinceptionin2016.

• Neardoublingofcapacityofmajorportsin8years.

• Inland Vessels Act 2021 replaced 100-year-old Act to ensure hassle free movement of Vessels promoting InlandWaterTransport.

India's growing and diversifying merchandise trade, led to an increase in goods exports by 9-10 percent during the current fiscal: Dr A Sakthivel, President, FIEO

NEW DELHI: Commenting on the Economic Survey 2022-23, Dr A Sakthivel, President, FIEO saidthatthesurveyhasrightlyhighlighted India’s growing and diversifying merchandise trade, as the goods exports increased to USD 332.8 billion during April-December 2022-23 as against USD 305billionduringthesameperiodpreviousfiscal.Thecountry has been able to face the global headwinds strongly and has shown its resilience especially the exports sector on the back of strong macro fundamentals. The new diversified markets including those of Brazil, South Africa and Saudi Arabia has led to the increase in exports by up to 2 times, added FIEO President. Dr Sakthivel further added that increasing market size can been mainly attributed to the Trade Agreements especially the recently concluded FTAs with UAE and Australia. The ongoing trade negotiations with UK, EU, Canada, Israel etc, will also add further impetus to our exports.

FIEO Chief reiterated that as Indian economy is staging a

broad-based recovery across sectors, positioning to ascend to pre-pandemic growth levels in FY23, the projections for India's GDP growth is expected to remain robust during FY24 in the range of 6-6.8 %. Credit to Micro, Small and Medium Enterprises(MSMEs)hasgrownbyanaverageofaround30% since January 2022 and credit to large industry has been showingdouble-digitgrowthsinceOctober2022,whichisgood sign and will help in further reviving the manufacturing and exports during such these challenging times, said President, FIEO. Reducing the cost of logistics in the country, which now to the tune of 14-15%, comparable to global benchmark, will help in making our exports more competitive worldwide. And in that regard development of an Indian shipping line of global repute is the need of the hour, as exporters are solely at the mercy of foreign shipping lines and the country repatriated over USD 80 Bn as transport services cost during the calendar year 2021. With all these happening, we expect to touch USD 440-450 billion merchandise exports during the currentfiscal,saidFIEO.

m.v. “MSC QINGDAO” V-IV304A I.G.M.No.2334077 Dt.31-01-2023 Exch.

Rate 83.71

The above vessel has arrived on 31-01-2023 at NHAVA SHEVA (NSIGT) with import cargo to NHAVA SHEVA from BAHRAIN, PARANAGUA, DJIBOUTI, ALGER, SOKHNA PORT, MALAGA, BARCELONA, GIJON, ALMERIA, VALENCIA, FOS-SUR-MER, LE HAVRE, GREENOCK, HERAKLION, CIVITAVECCHIA, GENOA, TRIESTE, AL 'AQABAH, BEIRUT, AD DAMMAM, KING ABDULLAH PORT, KOPER, ISTANBUL, CHARLESTON, HOUSTON, NEW YORK. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSIGT) delivery.

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery.

Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707 , India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.

Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com

Get IGM No. / ITEM No. /CFS details on our 24hrs computerized helpline No. (IVRS No.) 8169256872

You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

VESSELS

FOR

DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

AUTOMOBILE

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR EAST, SOUTH

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

Maersk partners with Cozero to enhance emission visibility for International E-commerce

COPENHAGEN/BERLIN:

The integrated logistics company

A.P. Moller – Maersk (Maersk) and the Berlin-based start-up Cozero are pleased to announce a partnership to develop analytics tools to improve Green House Gas (GHG) emissions visibility for international parcel deliveries in Europe. Since entering the European E-Commerce logistics sector in 2021 with the acquisition of B2C Europe, Maersk has delivered millions of international parcels for European online-sellers. Due to a higher supply chain complexity international parcels usually have a larger GHGfootprintthandomesticparcels.

“Our customers in the international e-commerce industry by design have large gaps in their GHG footprint visibility due to the high number of parties involved in the first, middle and last mile delivery process,” said, Christian Grosse, Maersk E-DeliveryChiefProductOfficerinEurope.

Christian Grosse added, “This makes optimizing emissions a challenge for them. With Cozero’s technology we can provide our customers with detailed information on their emissions on every step and component of their international parcels' journey. This will help them to make smart choices andsignificantlyreducetheirGHGfootprint.”

Maersk’sgoalistobeanetzerobusinessacrossallscopes by 2040 with ambitious near term targets for 2030 in all its business segments from ocean and air to landside logistics. Emission visibility across the whole transport chain is a core prerequisite to reach these targets together with our customers.

Selected Maersk E-Delivery customers in Europe will be abletoregisterforthenewtoolasfromFebruary2023totrace andanalysetheemissionsoftheirinternationalparcels.Todo so, detailed information on every parcel, including weight,

routing, and vehicle used to transport it in every leg of the cross-border delivery will be processed according to the globally recognized standards of the Greenhouse Gas (GHG) Protocol. Accurate emissions data and valuable insights will be visualized in a simple and intuitive way, making it easier to identify the main emissions contributors and take the needed actions to reduce them.

“Our platform was developed to make emissions data in complex structures transparent, to understand them and, on thisbasis,toreducetheGHGfootprintofcompaniesandtheir value chain. We are delighted that Maersk has chosen to work with Cozero for this very reason, said Helen Tacke, CEO of Cozero.

Maersk has already successfully tested Cozero’s platform withfirstcustomers.Thepilotofferingwillnowberolledoutto more E-commerce clients. The project is key to Maersk’s strategyofprovidingend-to-endvisibilitytoitscustomersand willeventuallybeintegratedintoMaersk’sexistingEmissions Dashboard, providing it with a new parcel delivery emissions module. Since 2021, Maersk has developed the Emissions Dashboard to provide a one-stop-shop to consolidate emissions data across all carriers and transport modes. It is accredited by Smart Freight Centre (SFC) with an industryleading calculation methodology that is in conformance with theGlobalLogisticsEmissionsCouncil(GLEC)framework.