Commerce & Industry Minister endorses FFFAI & Customs Brokers' important role to partner with Government in transforming the ecosystem of Export Import trade

NEW DELHI:

Mr. Piyush Goyal, Union Minister of Commerce & Industry addressing at the Diamond Jubilee celebration event of the Federation of Freight Forwarders’ Associations in India (FFFAI) which was held on June 9, 2023 in New Delhi with the theme “FFFAI Transcending Boundaries”, stated that both collective and individual initiatives can make huge changes in the state of affairs of the Export Import trade eco system to achieve India’s target of becoming developed country in the Amrit Kaal i.e by 2047. According to him, Customs Brokers/Freight Forwarders have a crucial role to play in this regard, helping the Government by recommending steps to be taken for a transparent business atmosphere. Meanwhile,theGovernmenthastakenmanystepstodo away with physical interfaces that increase transaction time.Inthisregardhehighlightedtherecentinitiativeof the success story of India and this century is going to be India’scentury,”hesaid.

DGFT office, which started a one-hour online grievance addressing mechanism every day, from MondaytoFriday.

Mr. Goyal emphasised on young entrepreneurs to envisage a new India with innovative ideas based on contemporary technology and digitisation. He pointed out that the fundamentals of India’s economy are very strong which resulted in sustainable and phenomenal growth of the country's manufacturing and exports for the last couple of years. “The world is looking towards

At this event the Minister of Commerce & Industry unveiled FFFAI Diamond Jubilee Souvenir, Coffee Table Book and eBL (e-Bill of Lading) to benefit the export import trade. He also felicitated Lt. Gen Sanjay Kulkarni for his outstanding contribution in strengthening the National Security, presented posthumous award to Lt. Dr. Guruprasad Mohapatra being anoutstandingGovt.Officerwhoworked for the nation during difficult times like COVID-19 pandemic till his last breath, from the ICU when he was suffering from COVID and conferred Mr. George Abrao with Hall of Fame Award for his phenomenal works for the development of logistics industry. Mr. Goyal highly appreciated FFFAI leadership for felicitating the legendary figures for their immense contributiontowardstheNationaswellasitseconomy.

During the event FFFAI also felicitated the Founders, Board of Advisors & Trade Associations recognizing their contribution since 1962 towards the successstoryofFFFAI.

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Shyam Jagannathan named as New Director General of Shipping

NEW DELHI: Mr. Shyam Jagannathan, an Indian Administrative Service (IAS) Officer of the Assam Meghalaya cadre has been named the new Director General of Shipping, the nation’s maritime administration, the Department of Personnel and Training,accordingtoarecentrelease.

Mr. Jagannathan is currently the Development Commissioner, Santa Cruz Exclusive Export Processing Zone, Special Economic Zone, Mumbai, attached to the Department of Commerce, Ministry of Commerce and Industry. Mr. Jagannathan succeeds Mr. Rajiv Jalota, Chairman, Mumbai Port Authority, who has been officiating as the D G Shipping after the previous incumbentdemittedofficeinFebruary.

Mr. Jagannathan is on Centraldeputation(typicallyfor fiveyears)from31May2021and will have a three-year tenure as D G Shipping. The new head of India’smaritimeadministration will be closely involved in navigating the government’s plan to rewrite the Merchant Shipping Act, 1958 as well as play a crucial role in taking up India’s interests at the International Maritime Organisation (IMO) on matters such as reducing shipping emissionstodealwithclimatechangegoals.

India in talks with other countries for mutual recognition of AEO scheme : Chairman CBIC

CBIC scheme drives hassle-free imports

NEW DELHI : Importers who are accredited to the Central Board of Indirect TaxesandCustoms(CBIC)forfollowingsupply chain safety norms accounted for nearly a fourth of India’s merchandise imports in FY23, highlighting the increased adoption of the scheme meant to ensure hassle-free movement of goods at ports, according to

Mr.VivekJohri,ChairmanofCBIC. InFY23,morethanathousandentitieswere given the tag of ‘authorised economic operators’ or (AEOs), Johri said in an update on indirect tax administration posted on CBIC’swebsite.

India can be the Next Global Factory : Global Trade Experts