48 Pg. Supplement, contains wealth of information, being circulated with Today’s Issue
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Contract for the construction of near-shore reclamation
protection for Vadhvan Port assigned to ITD Cementation
NAVI MUMBAI: The Board of D i r e c t o r s o f Va d h v a n P o r t Private Project Limited (VPPL), in its 8th meeting held recently, approved awarding the Engineering, Procurement, and Construction (EPC) contract for the construction of Near Shore Reclamation and Shore Protection for the Greenfield Vadhvan Port. The contract has been awarded to the lowest bidder, M/s ITD Cementation India Ltd., at their quoted price of Rs. 1648 crore (excluding GST), which is 6 892% below the estimated
cost of Rs 1770 crore (excluding GST) The approved bid was deemed both reasonable and workable
Maersk : Most reliable among Top-13 Carriers in November 2024 in Schedule Reliability
COPENHAGEN: In November 2024, global schedule reliability improved by 4.1 percentage points M/M to 54.8%, which is the highest point it has been at in 2024 so far That said, even with that M/M improvement, schedule reliability has largely remained within the 50%-55% range in 2024. The average delay for LATE vessel
arrivals improved, decreasing by -0 43 days M/M to 5 41 days Despite the improvement, this is the second-highest figure for the month, only surpassed by the pandemic high of 2021 Cont’d. Pg. 6
Refer Pg. 18
Contract for the construction of near-shore reclamation and shore protection for Vadhvan Port assigned to ITD Cementation India
Cont’d. from Pg. 4
Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, commented, "This contract represents an i m p o r t a n t step toward establishing the core infrastructure for Vadhvan Port. The near-shore reclamation will lay the groundwork for subsequent phases of the project, ensuring we move forward with a strong and sustainable base. As we step into 2025, we look forward to accelerating the work and making steady progress toward our goals.”
T h e a w a r d e d p a c k a g e e n c o m p a s s e s t h e development of about 200 hectares of land in the near shore area, a critical important component for initiating other key packages of the Greenfield Vadhvan Port Project, including loading points and essential infrastructure.
The tender for the near shore reclamation and shore
protection package was widely publicized, with notices published in major daily newspapers across India The tender document was made available online starting October 22, 2024, and the submission deadline was December 19, 2024.
Three reputable firms submitted online bids by the due date:
• M/s Man Infra Construction Ltd. in JV with TIPL
• M/s ITD Cementation India Ltd.
• M/s Navayuga Engineering Company Ltd.
All three agencies were found to meet the qualification criteria. Subsequently, the price bids were opened on December 30, 2024, and the contract was awarded to M/s ITD Cementation India Ltd.
In parallel, emphasis is also being given to skill d e v e l o p
collaborations for a skilled workforce. VPPL remains committed to driving strategic projects that bolster India's trade capacity and strengthen its position in global maritime commerce.
Maersk : Most reliable among Top-13 Carriers in November 2024 in Schedule Reliability
Cont’d. from Pg. 4
Maersk was the most reliable top-13 carrier in November 2024 with schedule reliability of 61.9%. There were 8 carriers with schedule reliability of 50%-60%, with the remaining 5 carriers within a narrow 47%-50% range. Wan Hai was the least reliable with 47.3% schedule reliability. In November 2024, the difference between the
CONCOR, ICD Whitefield well
(ICD), Wh
(WFD), Bengaluru is a Combined terminal providing Export-Import and Domestic Logistics Services to trade and is well connected to Gateway Ports of Chennai, Mumbai, Cochin, Mangalore & Tuticorin.
The Terminal is equipped with:
• 04 Full length Rail Sidings and latest Container and Cargo handling equipment
most and least reliable carrier dropped to under 15 percentage points. All top-13 global carriers recorded a M/M improvement in schedule reliability, with PIL recording the largest increase of 14.6 percent points. On a Y/Y level, only Yang Ming recorded an improvement, while 6 carriers recorded double-digit declines.
connected to all Gateway Ports
• 13 nos. of Covered (Export-Import and Domestic) and Export-Import Bonded Warehouses of 37380 Sq Meters area.
• Temperature Controlled Warehouses, Multi Stack Warehousing
• Export-Import Rail Services : Twice Daily Rail Services to Harbour of Chennai, Twice We e k l y S c h e d u l e d R a i l Services to JNPT-Mumbai, Twice Weekly Rail Services to E n n o
( C
) , Kattupalli Port (Chennai) and on demand Rail Services to any destination.
• Domestic Rail Services : On demand (Rake Load) Rail services to Delhi, Kolkata, Guwahati, Rajasthan and to any destination.
• First Mile Last Mile (FMLM) Road Transportation services
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
08/0109/01 07/01 1000 MSC Capella IS452A Q2357 1115926-23/12 MSC MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 18/0119/01 17/01
MSC Paloma IS501A SCI CMT Barcelona, Felixstowe, Hamburg, Rotterdam, Gioia Tauro, HimalayaExpress UK, North Continent & Other Mediterranean Ports. Service
NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.
Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals 10/0111/01 09/01 0900 MSC Lausanne VI IP502A Q2443 1117000-31/12 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 17/0118/01 17/01 0900 SCI Delhi IP503A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK) Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America 04/0105/01 03/01 2100 CMA CGM Cendrillon 0INIPW1 Q2289 1115027-16/12
& Dron.-3 & Mul. 11/0112/01 TBATBA APL Mexico City 0INIRW1 Q2355 1115903-23/12 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 18/0119/01 TBATBA CMA CGM Don Pascuale 0INIVW1 ONE Line ONE (India) India America Express (INDAMEX) COSCO COSCO Shpg. Indial Indial Shpg. US East Coast & South America ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
05/0106/01 TBATBA Vienna Express 5101 Q2347 1116067-24/12 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS 12/0113/01 TBATBA Torrente 5102 Q2380 (TPI/INDAMEX) 08/0109/01 07/01 1000 MSC Capella
17/01
MSC Paloma IS501A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique,
Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel Globelink
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN
Seahorse Ship Gulf Ports. LMT Orchid Gulf Ports. Dronagiri-3 Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DRT ICC Line Neptune UAE & Upper Gulf Ports. GDL-5 Team Lines Team Global Log. Gulf Ports. Conex Terminal
08/0109/01 TBATBA SM Neyyar 0501W Q2401 1116478-27/12 Maersk Line Maersk India Jebel Ali Maersk CFS 15/0116/01 TBATBA Seaspan Jakarta 0502W Q2390 1116351-23/12 Global Feeder Sima Marine Jebel Ali, Bandar Abbas. (SHE) Dronagiri Alligator Shpg. Aiyer Shpg. Jebel Ali
CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS
TBATBA Melbourne Bridge 2408E Q2262 1114684-13/12 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 21/0122/01
TBATBA Zhong Gu Hang Zhou 24005E
Heung A Line Sinokor India 26/0127/01
TBATBA Varada 2501E
Sinokor Sinokor India Seabird CFS 31/0101/02
TBATBA GFS Giselle 2502E
TS Lines TS Lines (I) (CSC)
Cordelia Cordelia Cont. Port Kelang, Far East & China Ports
Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 12/0113/01
TBATBA Terataki 2501E
Asyad Line Seabridge Haiphong, Shekou, Laem Chabang, Jakarta. (FEX) 15/0116/01 14/01 0600 MSC Azra FD448E Q2425 1116807-30/12 MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. (DRAGON EB) Hind Terminals 21/0122/01
TBATBA MSC Rose FD449E
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
LOAD FOR FAR EAST, CHINA & JAPAN PORTS from
In Port 02/01 Wan Hai 507 E226 Q2295 1115057-16/12 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 09/0110/01
TBATBA Wan Hai 511 E096 Q2364 1116061-24/12 Evergreen EvergreenShpg. Shekou. Balmer Law. CFS Dron. 14/0115/01
TBATBA Seaspan Brisbane 005E
Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 22/0123/01
TBATBA Wan Hai 521 E030 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 In Port 02/01 Seaspan Adonis 077E Q2274 1114838-14/12 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 11/0113/01
TBATBA One Altair 067E Q2410
Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 14/0116/01
06/0207/02
TBATBA One Arcadia 071E
TBATBA One Competence 094E
HMM HMM Shpg. Seabird CFS
Samudera Samudera Shpg. Dronagiri (PS3 Service)
03/0104/01 02/01 2300 Dimitris Y 250E Q2340 1115627-20/12
Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai OceanGate
ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 14/0115/01
19/0120/01
27/0128/01
TBATBA Cap Andreas 017E Q2402 1116484-27/12
TBATBA One Reliablity 0012E
TBATBA MOL Presence 0020E
X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.
Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri
RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)
HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS
05/0106/01 04/01 1600 Wan Hai 515 E096 Q2294 1115060-16/12 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS
East, West & South African Ports. (Himalaya Express) Pun.Conware
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI
JAIGARH PORT LIMITED
Customs Brokers Licensing Examination, 2025 is scheduled to be held on 18.03.2025
NEW DELHI: In reference to the advertisement published in national newspapers on 31.08.2024 regarding the online written examination, the Customs Brokers Licensing Examination, 2025 is scheduled to be held on 18.03.2025.
The pattern of the written and oral examinations will be as follows:
•Written examination will be a Computer Based Examination with Multiple Choice Questions. Questions will be bilingual i.e. in English and Hindi.
•Candidates have the option to answer either in English or Hindi.
Those qualifying in the written examination will have to appear in oral examination in terms of Regulation 6 of the Customs Brokers Licensing Regulations, 2018, as amended. The pass percentage marks for qualifying in the oral examination will be 60%.
For any query, please visit the websites (www.cbic.gov.in
Other details are as follows:
and www nacin gov in) or contact the nearest Customs Commissionerate/ NACIN, Palasamudram @ e-mail IDcblr-nacinpsm[at]gov[dot]in.
UP eyes higher share in Country’s Exports, to unveil 5-year policy soon: Industry Minister
LUCKNOW: The Uttar Pradesh government is gearing up to unveil a five-year export policy to boost its share in the country’s overall outward shipments to 7.5% and help the state become a $1 trillion economy The new export policy for 2025-30 will replace the existing five-year policy
The state government provides a host of incentives and hand-holds the exporters to push shipments from the state.
U t t a r P r a d e s h M i n i s t e r f o r Industrial Development, Export Promotion, NRI, and Investment Promotion Nand Gopal Gupta ‘Nandi’ said the state government is working on the 2025-30 export policy, with a focus on enhancing export capabilities to promote overall development
“The new export policy is being formulated with a target to increase the state’s share from 4 71% in 2023-24 to 7 5% This policy also aims at accelerating economic growth and job creation,” Gupta said in an email interview.
The focus on enhancing export capabilities will propel Uttar Pradesh towards becoming a USD 1 trillion economy, driving revenue and fostering development, he added.
“Since the state government has adopted export as well as investmentfriendly policies, along with continuous development of smooth logistics facilities in the state, hence this will boost the export from the state and contribute significantly to make the state a USD 1 trillion economy,” Gupta noted.
During the April-September period of the current financial year, Uttar Pradesh’s share in the country’s total exports was estimated at 4.89%.
The minister also informed that the state is already providing incentives to exporters under the Marketing Development Assistance, Gateway Port S c h e m e , a n d A i r F r e i g h t Rationalisation plans.
He further said that the upcoming Jewar Airport will enhance connectivity
to exporters with overseas destinations. The airport will help in saving time and expenditure on freight charges.
Gupta also said the one-district-oneproduct scheme has played a pivotal role in creating employment and upskilling traditional artisans engaged in various traditional arts of different districts.
The state government is providing training to upgrade the skills of artisans and toolkits to artisans to enable them to establish their own enterprises.
Since the inception of the scheme, the government has trained 1,33,472 artisans across the state, Gupta said.
The scheme was launched in January 2018 with the objective of promoting the traditional arts and crafts being practised in different districts by identifying district-specific products for all 75 districts of Uttar Pradesh.
India’s goods and services exports may cross $800 billion in 2024-25. It was USD 778 billion in 2023-24.
Haryana Government approves extension of Logistics, Warehousing & Retail Policy
CHANDIGARH: The Haryana
g o ve r nme nt’ s appro val f o r the extension of the Haryana Logistics, Warehousing & Retail Policy, 2019, is expected to further boost investment in the sector, experts said.
T h e H a r y a n a L o g i s t i c s , Warehousing & Retail Policy, 2019, offers various fiscal incentives to reduce the cost of doing business and promote i n v e s t m e n t s i n t h e l o g i s t i c s , warehousing, and retail sectors in the state.
“Haryana’s government has always been proactive in supporting the warehousing industry, which is why the majority of warehousing in the NCR is c o n c e n t r a t e d i n G u r g a o n a n d surrounding areas. Over the last two years, the rise of e-commerce and Q-commerce has driven significant g r o w t h i n l a n d a c q u i s i t i o n f o r warehousing and logistics The extension of the policy will ensure this growth momentum continues,” said Mudassir Zaidi, Executive Director, North, at real estate consultancy Knight Frank India.
The Haryana government’s policy aims to simplify regulatory procedures, develop cost-competitive multi-modal logistics, warehousing, and retail infrastructure, and upgrade human capital through initiatives to build a skilled labor pool for these sectors.
The development is backed by incentives like capital and interest subsidies, stamp duty and EDC reimbursements, electricity duty exemptions, and capacity-building support.
“The extension of the Haryana Logistics, Warehousing & Retail Policy, 2019, with its incentives to boost investment in multimodal l o g i s t i c s a n d w a r e h o u s i n g development, will accelerate the mission to build an efficient logistics ecosystem in line with the PM GatiShakti initiative and the National Logistics Policy These measures will n
warehousing hub but also positively impact the logistics efficiency of the country,” said Suresh Kumar, MD,
Allcargo Terminals Limited, an Allcargo Group company.
“ T h e s e p o l i c y d e c i s i o n s t o incentivise investments in logistics infrastructure will set the stage for large-scale private investments in logistics development and enable logistics companies to play a greater role in driving economic growth,” Kumar added.
The Logistics & Industrial (L&I) real estate leasing volume for 2024 is projected at 50–53 million sq ft, the third consecutive year exceeding this m i l e s t o n e , d r i v e n b y t h e 2 0 2 0 Production-Linked Incentive (PLI) scheme and robust growth in retail and e-commerce activity.
The Department of Industries & Commerce is currently in the process of notifying the Haryana Logistics, Warehousing & Retail Policy, 2024. The 2019 policy, valid for five years, expired on March 8, 2024 The cabinet has extended the policy until December 31, 2024, or until the final Logistics, Warehousing & Retail Policy, 2024, is approved, whichever comes earlier
US continues to be largest source of FDI in India: RBI census
NEW DELHI: The US continued to be the largest source of FDI in I n d i a , f o l l o w e d b y M a u r i t i u s , Singapore and the UK, according to an annual census of the Reserve Bank of India
Out of the 41,653 entities, which responded in the latest census, 37,407 reported foreign direct investment ( F D I ) a n d / o r o v e r s e a s d i r e c t
investment (ODI) in their balance sheets for March 2024.
Of these entities, 29,926 had also reported in the previous census round and 7,481 have newly reported in the current round, according to Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2023-24.
Over three-fourths of the companies that reported inward direct investment
were subsidiaries of foreign companies. Non-financial companies accounted for nearly 90% of the FDI equity at face value, the RBI said.
“Supported by valuation gains as well as fresh inflows, total FDI in India surged by 23 3% at market value in rupee terms during 2023-24; on the other hand, ODI growth was much lower at 3.4%,” it said.
SMP Kolkata explores option of developing 3 processing zones
KOLKATA : Agro processing zone, tea processing zone and m a r i n e p r o d u c t s processing zone are likely to come up at Kolkata’s Kidderpore and adjoining areas on port land.
“Currently, discussions on the three zones are at the concept level. It can be under a land lease model,” Syama Prasad Mookerjee Port, Kolkata, Deputy Chairperson Samrat Rahi told.
“Within two-three years these zones will come up. However, land will be allotted within three months,” Rahi said.
Syama Prasad Mookerjee Port, Kolkata, formerly known as the Kolkata Port Trust, comprises two dock systems– Kolkata Dock System (KDS) and Haldia Dock Complex (HDC) Last nancial year
A total 4,488 acres of land were rented out as on March 31, 2023, and total estate revenue collected in the
last financial year stood at around Rs. 654 crore.
“In land monetisation, we are aiming at a revenue collection of Rs 1000 crore in the next five years. Right now our annual i n
R s 6
monetisation, we have brought out different projects on port-led industrialisation Such projects
, warehouses and big industries in Kidderpore,” Rahi added
Navi Mumbai airport to start operations from next May
NEW DELHI: Navi Mumbai airport will open for operations next May and construction of its second passenger terminal will commence two months later in July with the Adani group accelerating the development plans.
Adani Airport Holdings Limited CEO Arun Bansal disclosed this on Sunday after successful completion of a validation flight to test the approach and landing procedure at the airport An IndiGo Airbus A320 aircraft operated the trial flight Its report will now be submitted to the Directorate General of Civil Aviation
“This is a major milestone and we a r
prioritising safety at every step,” Bansal said.
Bansal said the ambition is to inaugurate the airport by April 17. Domestic passenger and cargo operations are expected to start from m
d Discussions are already underway with airlines for development of schedules.
First phase
The airport’s first phase will see the opening of one runway and a terminal with passenger handling capacity of 20 million passengers per year
Constr uction of the second terminal with annual handling capacity of 30 million passengers was
supposed to start in 2026. Now the construction is being advanced by a year. This is to cater for high traffic volume that is anticipated due to the planned renovation of Mumbai airport’s terminal T1 As a result Navi Mumbai airport expected to handle 20 million passengers by March 2026.
To share trafc
While 25-30 per cent of existing traffic from T1 will shift to Mumbai airport’s T2 terminal, the remainder will move to Navi Mumbai.
While this will create terminal capacity challenges (the second terminal in Navi Mumbai is expected to be ready in 3-4 years), the Adani group plans to adress the issue through efficient slot management and automation.
Industry calls for capex boost, scal discipline, and tax reforms in Pre-Budget talks with FM
NEW DELHI: In the Pre- Budget meeting with Finance Minister Smt. Nirmala Sitharaman recently, representatives from various industry bodies put forward a bouquet of suggestions before the government. It was the fifth pre-budget consultation with industry representatives.
S a n j i v P u r i , P r e s i d e n t o f Confederation of Indian Industry (CII), post the meeting said, they discussed ways to provide impetus to sectors that are labour intensive, in particular the MSMEs. Besides, they discussed ways and means to boost consumption in the economy.
S a n j i v P u r i n o t e d t h a t t h e government reiterated that the focus would be on public investment while maintaining the fiscal glide path ”To build on this strong foundation, we discussed several suggestions which are to do with providing impetus to sectors with high labour-intensive components, providing impetus to MSME, integrating India with the Global Value Chain, and how to boost c o n s u m p t i o n T h e g o v e r n m e n t reiterated that the focus on public investment with a fiscal glide path should continue,” Puri said.
Asserting that continued focus on capex and fiscal consolidation will have a multiplier impact on the economy, CII suggested a 25 per cent ramp-up in capex spending over the Rs 11.1 lakh crore budgeted in 2024-25.
The enhanced focus should be on r ural infrastr ucture, including irrigation, CII said. In order to boost consumption, it sought a reduction in excise duty on fuel.
Moving on, PHDCCI‘s suggestions focused on rationalizing the tax structure, bolstering the manufacturing sector, and creating an enabling environment for Micro, Small, and Medium Enterprises (MSMEs) to thrive along with significant reduction in costs of doing business.
Given high contributions of MSMEs to the economy, PHDCCI called for technology-enabled manufacturing.
P H D C C I s o u g h t f r o m t h e government a fund so that MSMEs could tap it and raise their technologyintensive production.
R a n j e e t M e h t a , C E O a n d Secretary General, told ANI they have suggested before the government for a green transition fund.
On the personal taxation front, PHDCCI urged the government to tweak it. They suggested a 30 per cent tax on over 50 lakh annual income, and a 20-25 per cent window for Rs 15-50 lakh.
“These (tweaking) will raise consumption,” Mehta said.
Industry body ASSOCHAM, in its pre-budget meeting with Finance Minister, has sought a slew of measures to encourage investment.
A c c o r d i n g t o A S S O C H A M President Nayar Sanjay Nayar, stressed the need to establish MSME u n i v e r s i t i e s t o p r o m o t e s k i l l development and entrepreneurship training as well as to foster growth within the sector
Nayar added that despite the policy for collateral-free loans, MSMEs still face challenges in accessing credit Banks often request personal property collateral and charge higher interest rates, hindering credit access.
The 2025-26 Budget will mark F i n a n c e M i n i s t e r N i r m a l a Sitharaman’s eighth. All eyes will be on the key announcements and the g o v e r n m e n t ’ s f o r w a r d - l o o k i n g economic guidance for the remainder of the Modi 3.0 tenure.
Visakhapatnam Port Authority cancels IMC Ltd’s PPP Berth contract
VISAKHAPATNAM : The state-owned Visakhapatnam P o r t A u t h o r i t y h a s terminated a contract with AVR Infra Pvt Ltd (AIPL), a subsidiary of Chennai-based IMC Ltd, just a few years into the 30-year concession. The agreement, which involved developing and operating the Eastern Quay Berth10 (EQ-10) at the southern port, was canceled due to AIPL’s failure to meet the minimum guaranteed throughput (MGT) obligations, according to a
senior official. IMC Ltd is India’s leading independent bulk liquid storage company
The concession agreement for the 1.84 million tonnes (mt) capacity EQ-10 berth located in the northern arm of the inner harbour of Visakhapatnam port was signed on 16 August 2010 for handling liquid cargo (Class B & C chemicals including caustic soda, phosphoric acid, edible oil, biofuel, etc).
AVR Infra quoted the highest revenue share of 19 08% to the port
authority to emerge the successful bidder for the project in a tender The terminal started commercial operations in January 2017. This is the fourth public-privatepartnership (PPP) project to end in termination for multiple reasons in the last few years at Visakhapatnam port. The EQ-10 berth, though, is debt free and this absolves the port authority from paying 90 percent of the debt due as termination payment per the concession agreement.
Prospects for Indian Economy improving : RBI Governor
MUMBAI : Amidst an uncertain global macroeconomic and financial environment, the Indian economy is exhibiting resilience and stability with the Gross Domestic Product (GDP) projected to grow at 6.6 per cent in 2024-25. The growth would be aided by the revival in r ural consumption, pickup in government consumption and investment and strong services exports said the Reserve Bank of India’s (RBI) Financial Stability Report December 2024 released recently.
In his foreword to the Report RBI Governor Sanjay Malhotra wrote, “Notwithstanding the uncertainties shrouding the global macrofinancial ethos as it unfolds, prospects for the Indian economy are expected to improve after the slowdown in the pace of economic activity in the first half of 2024-25. Consumer and
business confidence for the year a h e a d r e m a i n h i g h a n d t h e investment scenario is brighter as corporations step into 2025 with robust balance sheets and high profitability.”
The Financial Stability Report (FSR) is a half-yearly publication, with contributions from all financial sector regulators. It presents the collective assessment of the Sub Committee of the Financial Stability and Development Council on current and emerging risks to the stability of the Indian financial system
T h e u n d e r l y i n g g r o w t h momentum remains strong and is supported by the steadfast focus of monetary policy on a durable alignment of inflation to the target. A stable financial system, bolstered by h e a l t h y b a l a n c e s h e e t s a n d profitability of banks and non-banks and reasonable expansion in credit, is providing support to businesses and households, said the report.
However, vulnerabilities in the form of stretched equity valuations, pockets of stress in the microfinance and consumer credit segments and risks from external spillovers require
close monitoring, warned the RBI. During H1:2024-25, real GDP growth (y-o-y) moderated to 6 per cent from 8.2 per cent and 8.1 per cent growth recorded during H1 and H2 of 2023 24, respectively. “Despite this recent deceleration, structural growth drivers remain intact,” said the RBI Real GDP growth is expected to recover in Q3 and Q4 of 2024-25 supported by pick up in domestic drivers, mainly public consumption and investment, strong service exports and easy financial conditions” it said. On the downside, the softness in industrial activity, especially in the manufacturing sector, moderation in urban demand, global spillovers and protective trade and industrial policies pose risks to the outlook.
Railway projects worth Rs 88,875 crore sanctioned in big boost to 3
NEW DELHI: A total of 58 railway projects have been sanctioned across three economic corridors, with a combined completion cost of about Rs 88,875 crore and a total track length of about 4,107 kilometres during 2024 as part of the Centre’s strategy to spur economic growth in the country through big infrastructure projects, according to the year-end review of the Indian Railways.
The projects include Energy, Mineral and Cement Corridors, High Traffic Density Routes and Rail Sagar corridors,
A total of 434 projects have been planned for implementation under these three corridors.
The Energy, Mineral and Cement Corridors accounted for 51 projects, spanning 2,911 kilometres with a
economic corridors
completion cost of Rs 57,313 crore.
The High Traffic Density Routes included 5 projects, covering about 830 kilometres and costing about Rs 11,280 crore.
The Rail Sagar corridor covers two projects, with a total track length of about 366 kilometres and a completion cost of about Rs 20,282 crore.
The total Capex for 2024-25 is Rs 2,65,200 crore, which is the highest amount allocated in the budget, till now
In order to boost investment from industry in setting up cargo terminals along railway lines, Gati Shakti MultiModal Cargo Terminals (GCT) are also being developed across the country
So far, 354 locations (327 on
non-railway land and 27 on railway land) have been identified across the country. As many as 91 GCTs have been commissioned this year
To expedite projects, Indian Railways has also streamlined its project engineering and management processes. All the pending cases of the Engineering Department of various Zonal Railways on Indian Railways E-Procurement System (IREPS) have been disposed of under “one time settlement scheme called ‘Vivad Se Vishwas II’ (Contractual Disputes)”.
To address uncertainties in the Engineering Procurement and Construction (EPC) tendering mode, a new ‘Schedule G-1’ has been included for the Bill of Quantities for itemised works, the review added.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 02/01/2025
7.08 10:30 1.32 15:41 5.84 22:27 0.37
Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I Spring Oasis Seavision Shpg. 03/01
CJ-II Atlantis DBC 03/01
CJ-III Pegasus 02 DBC 03/01
CJ-IV Haj Mohamad DBC 03/01
CJ-V Uni Bulker DBC 06/01
CJ-VI Propel Glory Aditya Marine 03/01
CJ-VII TG Sagar +BG Globo 2501 J M Baxi 04/01
CJ-VIII Seastar Valiant Interocean 04/01
CJ-IX African Margaux Synergy Seaport 03/01
CJ-X Saga Frigg Benline 03/01
CJ-XI TCI Anand TCI Seaways 03/01
CJ-XII Inter Sydney (BMM) Emirates Shpg. 03/01
CJ-XIII Sumatra Synergy Seaport 03/01
CJ-XIV NJ Sun B S Shipping 03/01
CJ-XV Dulce Diva Mihir & Co. 03/01
CJ-XVA Zhe Hai 521 Cross Trade 05/01
CJ-XVI African Leopard Aditya Marine 03/01
TUNA VESSEL'S NAME AGENT'S NAME ETD
Diane Interocean 05/01
VSC Castor Anline Shpg. 03/01
Gisela Oldendorff
Propel Shakti ACT Infra 06/01
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Al Barrah Interocean 03/01
OJ-II Orchid Kefalonia
OJ-III CR Tethys Samudra 03/01
OJ-IV Bow Platinum GAC Shpg. 01/01
OJ-V Stolt Lerk J M Baxi 03/01
OJ-VI Sanmar santoor
OJ-VII PM Duke
Steamer's Name Arrival on Next Destn.
African Quail 28/12
DM Bea 28/12
Spring Oasis 28/12
New Challenger 28/12 Karachi-Jebel Ali
Source Blessing 30/12 Nhava ShevaJebel Ali DammamShuiba-Umm Qasr
Mars J 30/12 Sudan
Bomustafa O 30/12 Yemen
Penelop L 30/12
Crane 30/12
HPC Future 30/12
Ding Heng 45 30/12
Yasa Mars 30/12 China
CJ-XVI African Leopard Aditya Marine
Stream Asian Honor Marinelinks
CJ-II Atlantis DBC
Stream Chang Yang Jin Long Cross Trade
Stream CS Sarafina ACT Infra Bera
05/01 Dragon Malara Shpg.
Stream East Wind I Anline Shpg.
Stream Glamor Anline Shpg.
CJ-IV Haj Mohamad DBC
Stream Jingling Confidence Delta Wateways
Stream Lucky Chem J M Baxi
Stream Mercury J DBC
Stream Mohsen Ilyas Seacoast
CJ-XIV NJ Sun B S Shipping
Stream Royal O DBC
Stream Sofia II DBC
Stream Soul Mercy Anline Shpg.
Bags INIXY124122187
Bags
T. Sulphuric Acid
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
African Margaux Synergy Seaport
Stream Hai Duong 09 J M Baxi
Karlovasi Interocean
08/01 Kymopolia Taurus
CJ-X Saga Frigg Benline 10,091 T. Kraft Pulp
CJ-VIII Seastar Valiant Interocean Canada 33,000 T. Yellow Peas
CJ-XIII Sumatra Synergy Seaport Newzealand 27,308 CBM P Logs.
CJ-V Uni Bulker DBC Australia
Tuna VSC Castor Anline Shpg.
CBM Aus Logs INIXY124122076
T. Urea
03/01 Zy Hi Sheng Asia Shpg. 22,890 T. ST Plates
LIQUID CARGO VESSELS
Stream Aepco Scorpio Shpg. 3,242 T. Chemicals
OJ-I Al Barrah Interocean Ras Al Khair 17,000 T. Propane/Butane
OJ-IV Bow Platinum GAC Shpg. USA 6,112 T. Chemicals INIXY124122033
Stream Cheng Lang 19 Samudra 12,000 T. Chemicals
OJ-III CR Tethys Samudra Sohar Oman 32,819 T. Chemicals INIXY124122107
05/01 Daewood Diamond Wilhelmsen 950 T. Chemicals INIXY124122089
03/01 Dawn Madurai Malara Shpg.
06/01 Fuju Galaxy GAC Shpg.
Stream Ginga Cougar GAC Shpg.
Stream Nord Copenhagen GAC Shpg.
Stream Nord Valorous Interocean San Lorezo
04/01 Oriental Cosmos Allied Shpg.
T. HSD/ 11,342 T. MS
T. Chemicals
T. Chemicals INIXY124122131
T. Chemicals
T. CDSBO
T. Chemicals 03/01 Paramita Wilhelmsen
Stream Sagami GAC Shpg.
Stream Southern Robin Interocean
OJ-V Stolt Lerk J M Baxi
06/01 Weco Pisces Interocean
T. Chemicals
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
Maersk Cuanza 501W 4120049 Maersk
TO LOAD FOR FAR
India Tema, Lome, Abidjan (MW2 MEWA)
EAST JAPAN, CHINESE PORTS &
In Port —/— Northern guard 928E 4124697 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 03/01 02/01 02/01-AM Inter Sydney 170 4124720 Interworld Efficient Marine China (BMM) 03/01 05/01 05/01-AM X-Press Carina 24053E 4120102 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 06/01 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
07/01 07/01-PM Maersk Cuanza 501W 4120049 Maersk Line Maersks India Colombo (MW2 MEWA) 08/01
TBA Global Feeder Sima Marine Karachi (CSC)
TBA Sai ShippingSai Shipping Karachi (JKX)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Northern guard (V-928E) 4124697 Unifeeder Ag. Nhava Sheva 02/01 Celsius Edinburgh (V-4S) 4114416 Unifeeder Ag. Jebel Ali 04/01 SSL Brahmaputra(V-922W) 4120033 Unifeeder Ag. Karachi
Car.CB-4 X-Press Altair (V-25001W)(Sailed) Wan Hai/Unifeeder Wan Hai Lines (I)Unifeeder Jebel Ali 2395910 31/12 06/01 SSL Brahmaputra (V-922W) X-Press Feeder
08/01 Zhong Gu Shen Yang (V-2452S) Emirates / KMTC Emirates Shipping / KMTC India Gulf
13/01 APL Oregon (V-OPUSYS1) RCL RCL Agency
20/01 One Reinforcement (V-004E) HMM
02/01 Maersk Gibraltar (V-452W) Maersk Line Maersk India
09/01 Dimitra C (V-501W)
04/01 Mundra Express (V-4352W) COSCO
11/01 Vancouver Express (V-5301W) Hapag / ONE ISS Shpg./ONE(I)
CMA CGM / OOCL CMA CGM Ag.(I)/OOCL(I) 06/01 OOCL Luxembourg (V-114E) RCL/OOCL RCL Ag./OOCL(I) Far East
