Deendayal Port Authority achieves Record-Breaking milestone
GANDHIDHAM: The northern cargo jetties of Deendayal Port witnessed an unprecedented milestone w i t h t h e b e r t h i n g o f M.V. CSSC IMMINGHAM at CJ-09, carrying a recordbreaking 1,05,307 MT of US Coal in bulk.
RIYADH: Folk Maritime S e r v i c e s C o m p a n y , a Public Investment Fund ( P I F ) c o m p a n y a n d e m e r g i n g l e a d e r i n regional liner and feeder services, has finalized a strategic agreement with Shanghai CIMC Yangshan Logistics Equipment for the order of 5,600 state-of-the-art shipping containers.
Deendayal Port Authority achieves Record-Breaking milestone
Cont’d. from Pg. 3
This marks the largest parcel size ever berthed in the Northern Region of the cargo jetties, cementing Deendayal Port's status as a leader in handling highvolume cargo efficiently
The vessel berthed at CJ-09 on 22nd December 2024, at 09:06 Hrs, after lighterage of 6,000 MT in the midstream. Operations began swiftly at 10:45 Hrs, utilizing 6 Harbour Mobile Cranes (HMCs) and a Floating Crane, complemented by robust onshore equipment comprising 12 excavators and 60 dumpers.
In just 20.25 hours, the vessel discharged an astounding 65,114 MT of cargo by 07:00 Hrs on 23rd December 2024, achieving an exceptional productivity rate of 77,817 Metric Tons Per Day (MTPD). This feat not only reflects the operational excellence of Deendayal Port but also sets a benchmark for productivity in the maritime industry
The vessel completed a 46-day voyage from its load port in Baltimore, USA, carrying a total of 1,11,307 MT of cargo shipped by Consol Pennsylvania Coal Company LLC and received by UltraTech Cement Ltd.
O n b o a r d o p e r a t i o n s w e r e p o w e r e d b y 6 Harbour Mobile Cranes (HMCs), 1 Floating Crane, and 12 Excavators, while the onshore logistics were seamlessly executed with the support of 12 Excavators and 60 Dumpers.
Steamer agency services were expertly handled by M/s James Mackintosh, with efficient stevedoring
services provided by Rishi Shipping (India) Pvt. Ltd.
This landmark achievement highlights the unwavering commitment of Deendayal Port Authority to operational excellence, multimodal efficiency, and customer satisfaction By setting new records and raising the bar for maritime operations, Deendayal Port continues to play a pivotal role in global trade and logistics.
Shri Sushil Kumar Singh, IRSME, Chairman, DPA, congratulates the team & reaffirms confidence in DPA exceeding 150 MMT this fiscal, reclaiming its Numero Uno position in India.
Folk Maritime completes order of 5,600 Dry Containers
Cont’d. from Pg. 3
The agreement
o u t l i n e s t h e
p r o c u r e m e n t o f
4,500 20-foot generalpurpose containers and 1,100 40-foot high-cube containers. Each unit is fully recyclable, reflecting Folk M a r i t i m e ’ s c o m m i t m e n t t o environmental responsibility and supporting the Kingdom’s journey toward a more sustainable future.
The containers are equipped with advanced technologies, including the latest IoT monitoring technology, which Folk Maritime plans to fit fleet wide to its dry boxes The integration of cutting-edge technology solutions will transform operational efficiency and security by providing real-time location updates, enabling precision route optimization across trade corridors and reducing delays Geofencing and tamper detection prevents unauthorized access while ensuring cargo integrity
Folk Maritime CEO, Poul Hestbaek, emphasized the significance of the acquisition, saying, “This investment is an important milestone for Folk Maritime as we expand our container fleet and solidify our position as a key player in Saudi Arabia’s logistics infrastructure. The first owned containers, branded by Folk Maritime will enable us to better service the trade and directly support exporters and importers in the region. With this fleet, we are giving cargo owners real time visibility and enhancing operational efficiency By offering our own containers to meet the needs of our clients, we not only provide end-to-end shipment solutions but also build direct relationships with cargo owners in the region. Our efforts are moving Saudi Arabia closer to becoming a world-leading logistics hub, aligning with the nation’s Vision 2030.”
Mohammed Badawi, COO of Folk Maritime added,
“This bold step reflects our strategic vision and commitment to growth. By investing in a modern, state-of-the-art container fleet, we are enhancing our operational capabilities as well as, reinforcing our ability to deliver efficient,
technology, will ensure greater supply chain feasibility, optimization, and reliability, aligning perfectly with our goal of driving regional trade. This milestone marks a major leap forward as we solidify our position as a growing regional leader in maritime logistics.”
Each container is designed to meet the rigorous demands of international shipping, optimizing cargo capacity and facilitating efficient transport Featuring durable bamboo-wood flooring for extended lifespan, the fleet is custom-branded with Folk Maritime’s logo. Furthermore, every unit undergoes inspection and certification by globally recognized classification societies to guarantee adherence to the highest standards of quality and reliability
The containers will serve to strengthen key trade routes, including bilateral corridors with India and other global markets, fostering smoother and more efficient exportimport operations. To ensure operational readiness and facilitate a seamless integration into Folk Maritime’s expanding operations, the containers will be delivered in batches, over the coming months.
The containers will be strategically deployed across critical trade corridors, amplifying Folk Maritime’s ability to meet the growing demands of international commerce while contributing to the Kingdom’s vision of becoming a premier logistics hub.
The captioned vessel is arriving at MUMBAI Port on 30.12.2024 with import cargo from 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.
AsAgentsAsAgents AsAgentsAsAgents As Agents
J. M. BAXI MARINE SERVICES PRIVATE LIMITED
Ready Money Mansion Bldg., 2nd Floor, 43 Veer Nariman Road, Near Fountain, Next to Akbarallys, Mumbai 400001 Tel : 61388177, 61388142, 61388140 / 98704 55206 / 98704 55209 Fax : 91-22-22040382 Email: jmbdocumentation-mumbai@jmbaxi.com, enq@jmbaxi.com
30/1231/12 TBATBA Adyogan 2448W Q2256 1114584-12/12 MBK Line MBK Logistics Jeddah, Beldeport (India Med Service)
27/1228/12 TBATBA Athena 0056 C Star Diamond Maritime 19/0120/01 TBATBA Sheng Li Ji SEN0125W Akkon Line Oasis Shpg. Aliaga Gemlik, Gebze (YIL Port), Ambarli, Felixstowe, Antwerp TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from
28/1229/12
04/0105/01
30/1231/12
06/0107/01
TBATBA Maersk Pittsburgh 451W Q2158 1113315-02/12 Maersk Line Maersk India Algeciras (MECL) Maersk CFS
MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals
Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).
10/0111/01 10/01 0900 MSC Lausanne VI IP502A SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre
17/0118/01 17/01 0900 SCI Delhi IP503A COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
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
PORTS from
In Port 27/12 Maersk Guayaquil 451W Q2160 1113313-02/12 Maersk Line Maersk India Port Tangiers, Algeciras, Rotterdam, Felixstowe Maersk CFS
03/0104/01 03/01 0900 MSC Aquarius IP501A Q2365 1116060-24/12 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 10/0111/01 10/01 0900 MSC Lausanne VI IP502A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel 17/0118/01 17/01 0900 SCI Delhi IP503A
Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. (EPIC / IPAK) AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
TBATBA APL Mexico City 0INIRW1 Q2355 1115903-23/12 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 11/0112/01 TBATBA APL Qingdao 0INITW1
29/1230/12 TBATBA Kyoto Express 4152 Q2234
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
Huston, Freeport. Hind Terminals (INDUS)
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI
31/1201/01 TBATBA CMA CGM Vitoria 0UW8SW1 Q2315 1115223-17/12 OOCL OOCL (I) (Bangladesh India Gulf Express) 31/1201/01 TBATBA Hong Kong Bridge 02SJDS1 Q2204 1113890-06/12 CMA CGM CMA CGM Ag. Khorfakkan, Jebel Ali (SWAX) Dron-3&Mul TO LOAD FOR WEST ASIA GULF PORTS From NSICT
In Port 26/12 Garsmere Maersk 452W Q2161 1113316-02/12 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile) Maersk CFS
01/0102/01 TBATBA Maersk Boston 453W Q2278 1114987-16/12
TBATBA Maersk Pittsburgh 451W Q2158 1113315-02/12 Maersk Line Maersk India Salallah. (MECL)
TBATBA Inter Sydney 0170 Q2346 1115684-20/12 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.
TBATBA Marathopolis 501S Q2157 1113314-02/12 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE)
30/1231/12 29/12 2359 Nadia 15 Q2345 1115651-20/12 Lubeck Giga Shipping Bandar Abbas 30/1231/12
TBATBA Kashan 1340W Q2291 1115035-16/12 HDASCO Armita India Bandar Abbas, Chabahar. (IIX) 30/1231/12 TBATBA X-Press Altair 25001W Q2313 1115214-17/12 X-Press Feeders Sea Consortium Jebel Ali 06/0107/01 TBATBA SSL Brahmapurta 922E Q2321 1115308-18/12 Wan Hai Wan Hai Lines (I) 23/0124/01 TBATBA X-Press Mekong 25001E UnifeederUnifeeder (RGI / IM1) Emirates Emirates Shpg.
Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 10/0111/01
TBATBA Melbourne Bridge 2408E Q2262 1114684-13/12 Heung A Line Sinokor India
21/0122/01 TBATBA Zhong Gu Hang Zhou 24005E Sinokor Sinokor India Seabird CFS
25/0126/01
TBATBA Varada 2501E TS Lines TS Lines (I) (CSC) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 30/1231/12
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
In Port 26/12 Argolikos E167 Q2232 1114305-10/12 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 31/1201/01 TBATBA Wan Hai 507 E226 Q2295 1115057-16/12 Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron. 09/0110/01
TBATBA Wan Hai 511 E096 Q2364 1116061-24/12 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 14/0115/01 TBATBA Seaspan Brisbane 005E TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 27/1228/12 27/12 0600 X-Press Odyssey 452E Q2194 1113764-05/12 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 01/0102/01
ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.
TBATBA Xin Da Yang Zhou 098E COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.
TBATBA Xim Yantain 14E
Gold Star Star Ship Singapore, Hong Kong, Shanghai. (CIX-3) ANL CMA CGM Ag. Port Kelang, Singapore Dron.-3&Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
TBATBA Seaspan Adonis 077E Q2274 1114838-14/12
ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 11/0113/01
TBATBA One Altair 067E
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
TO
HMM HMM Shpg.
Seabird CFS
Samudera Samudera Shpg. Dronagiri (PS3 Service)
Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai OceanGate
LOAD FOR FAR
EAST, CHINA & JAPAN PORTS from BMCT
In Port 26/12 Stephanie C 2411 Q2190 1113669-04/12 Asyad Shpg. Seabridge Shanghai, Ningbo, Shekou. (FEX) In Port 27/12 Kota Cempaka 069E Q2242 1114445-11/12 RCL RCL Ag. Port Kelang, HaIphong, Nansha, Shekou.
29/1230/12 TBATBA Araya Bhum 020E Q2253 1114546-12/12 PIL PIL India (RWA / CIX 4)
HMM HMM Shpg. Singapore, Da Chan Bay, Busan, Kwangyang, Seabird CFS 21/0122/12
30/1231/12
08/0109/01
TBATBA Hyundai Pluto 0040E
Sinokor Sinokor India Shanghai (FIM East Bound) Seabird CFS
TBATBA Northern Guard E928 Q2223 1114135-09/12 Sinokor Sinokor India Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Seabird CFS
TBATBA Wan Hai 516 080E
Heung A Line Sinokor India Hongkong 09/0110/01
31/1201/01
01/0102/01
10/0111/01
TBATBA Wan Hai 627 020E Q2368 1116093-24/12 Wan Hai Wan Hai Lines Dron-1 & Mul CFS (CI6) InterasiaInterasia
Feedertech Feedertech/TSA Dronagiri
TBATBA An Tong Fu Zhou 2403E Q2329 1115403-18/12 Sinolines Transorient Shanghai, Ningbo, Shekou & Other Far East Ports. SeaLead SeaLead Shpg. (CIW / FIX 2)
TBATBA TS Keelung 24006E Q2266 1117422-13/12 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI
JAIGARH PORT LIMITED
VOC Port handles 29.70 million tonne cargo, sets eyes on becoming gateway of South India
THOOTHUKUDI:
Iconic Thoothukudi VO Chidambaranar
Port has registered a n e w l a n d m a r k handling a cargo volume of 29 70 million tonnes, including 5.62 lakh TEUs of containers, till December 19 during this financial year 2024-25.
The hub of economic activity in south Tamil Nadu, the port’s handling of cargo has seen a marked increase of 1.87% in cargo volume and 6.74% in TEUs. With the ever-increasing trend in cargo handling, the port has initiated several strategic capacity augmentation and cargo evacuation initiatives to increase throughput, enhance handling efficiency and expand its market share in the region.
S u s a n t a K u m a r P u r o h i t , Chairperson, VOC Port Authority, stated that ‘with the advantages of being the all-weather port and strategic location close to east-west
Kamarajar
International sea route, it has an immense potential to become g a t e w a y p o r t o f s o u t h I n d i a . The lowest turnaround time of container ships, well-established logistics support systems, seamless road and rail connectivity, upcoming industries and capacity augmentation initiatives, are an added advantage, he said.
The port’s 3rd Container Terminal ‘Tuticorin International Container Terminal’, became operational with a draft of 14.20 metres and LOA of 370 metres to give a fillip to the container trade. The terminal has commenced its operations with a capacity to handle six lakh TUEs per annum.
To augment the capacity of the bulk cargo handling at the port, the north cargo berth-III (NCB-3) with a Length Overall (LOA) of 306 metres will be dredged by the port in February 2025 to handle vessels up to
14.20 metres draft.
The dredging will also be done parallel to the entrance channel, approach channel and turning circle area of the port The interim operations of the terminal on c o m p l e t i o n o f d r e d g i n g w i l l commence using two harbour mobile cranes with a capacity of 100 – 120 tonnes by the end of January 2025.
The NCB-3 will be mechanised by December 2026 with shore unloaders capable of discharging seven million tonnes per annum.
In order to accommodate ships with a beam of 49 metres and LOA of 366, widening of the port’s entrance channel from 152 40 metres to 230 metres has also been taken up.
The port has also initiated a proposal for the construction of berth ten at an approximate cost of Rs 80 crore. The berth already has a draft of 10.70 metres and will be dredged to 14.50 metres in the near future.
Port set to become a Mega Port with major upgrades
CHENNAI: Kamarajar Port (KPL), about 24 km north of Chennai, has completed 25 years since it was incorporated as Ennore Port in Oct 1999. It has developed a cargo h a n d l i n g c a p a c i t y o f a r o u n d 57.5 million tonnes per annum (MTPA) over the past 25 years and is targeting increase in capacity to 254.5 MTPA in the next 25 years (by 2047).
Mr Sunil Paliwal, Chairman, KPL, recently highlighted about the plans to transform the 12th major port in India into a mega port. KPL has taken u p s e v e r a l p r o j e c t s t o b o o s t infrastructure, enhance capacity and i m p r o v e l o g i s t i c s a n d t r a d e connectivity. These include southern port access road, doubling of the southern rail connectivity and c o n s t r u c t i o n o f a u t o m o b i l e export/import terminal-II. Several more facilities are in the pipeline For instance, Indian Oil Corporation’s
captive jetty with a capacity of three MTPA at an investment of 9.21 billion would be ready by end of this month. Another rail link to the port from the northern side of Minjur railway station will be established. Primarily, KPL is an energy port, wherein 65%70% of the cargo comprises petroleum oil and lubricants, LPG, LNG and coal. Container cargo has a share of 25%. The rest is contributed by gypsum, barytes and limestone under the bulk cargo category, besides automobiles. In the past 6-8 months, we are targeting ‘Project Cargo’ Components are being brought to our port and assembled in a dedicated space earmarked for the purpose. It is mainly for over-sized cargo such as big mining trucks that cannot be directly brought to the port by road. In 2023-2024, the port handled 6,71,000 TEUs (twenty-foot equivalent units) of container cargo compared to
5,50,151 TEUs the previous year, he said. With increasing demand for containerised cargo in India and the need for efficient port infrastructure, KPL is poised to experience growth in container cargo volumes. The port has nine operational terminals with 57.5 MTPA capacity, of which 34 MTPA is energy cargo and 15 4 MTPA is container cargo To align with the goals of Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, KPL aims to reach a cargo handling capacity of 254.5 MTPA by 2047 with 27 berths. Of this, energy cargo handling capacity will be 89 MTPA, container cargo capacity will be 123.5 MTPA and other cargo including bulk and roll-on/roll-off (RO-RO) will be 42 MTPA These developments will transform KPL into a ‘mega port’, and the leading eastern gateway port of India, Mr. Paliwal emphasised.
Cold weather cuts Indian banana exports by 30%, causing $24 million in losses
MUMBAI: India, a leading force in the global banana market, is currently grappling with a critical challenge as extreme cold weather impacts its major b a n a n a - p r o d u c i n g s t a t e s Temperatures in Maharashtra, Uttar P radesh, Andhra P radesh, and Kar nataka have dropped below 12 degrees Celsius, causing severe chilling injuries to bananas This is expected to reduce exports by 30%, resulting in an estimated financial loss of approximately $24 million, according to the Agricultural and Processed Food P r o d u c t s E x p o r t D e v e l o p m e n t Authority (APEDA).
Kaustubh Bhamare of Pinnacle
Agrotech reported a drastic drop in banana purchasing rates by traders, from $0.29-$0.34 per kg to $0.10-$0.17 per kg, due to the appearance of red spots on the fruit’s skin. This significant price drop has caused considerable distress among farmers and adversely affected the quality of exports.
The situation is particularly challenging for exporters who had secured new orders from Russia and Iran, demonstrating sustained demand for Indian bananas despite geopolitical tensions However, this shortfall presents an opportunity for competitors like Ecuador and the Philippines to capture market share.
I n r e s p o n s e , f a r m e r s i n Maharashtra’s Jalna and Sholapur districts are adjusting their planting schedules to mitigate future cold d a m a g e H o w e v e r, t h e l i m i t e d availability of tissue-cultured banana plants poses a challenge to recovery e f f o r t s . A j a y K u m a r o f K e d i a Commodities suggests that early planting and harvesting could help avoid the adverse effects of cold weather on the banana industry
This crisis in the Indian banana export sector underscores the need for innovative strategies and resilient approaches to maintain its leading position in the global market.
India sets export priorities, readies for US Prez Donald Trump’s trade retaliation with all options open
NEW DELHI: India is finalising its trade strategy with the United States as Donald Tr ump prepares to return to office as President
The government is consulting with industry to identify export priorities, referred to as ‘offensive asks’, while keeping all options open, including a potential mini-trade deal a n d a r e s p o n s e t o Tr u m p ’ s anticipated trade retaliation.
“We have asked the industry how they view trade with the US and the p o s s i b l e i m p a c t o f Tr u m p ’ s pronouncements Their inputs will h e l p u s e v a l u a t e i s s u e s a n d determine offensive interests,” said an unidentified official as cited in the report Offensive asks, which represent proactive demands to expand India’s market access in the US, are being considered as a part of
India’s negotiation strategy
The focus comes amid Trump’s threats of imposing reciprocal taxes on Indian exports, a move seen as retaliation for what he perceives as high tariffs on certain US goods. The commerce and industry ministry is reviewing the contours of the minitrade deal negotiated during Trump’s earlier tenure while preparing to counter any adverse measures “ N e g o t i a t i o n s , d i s c u s s i o n s , retaliation, disputes, or the minitrade deal—nothing is off or on the cards,” the official said.
The US is India’s second-largest trading partner, with Indian goods exports of $53 billion and imports of $30 billion recorded between April and November FY25 US imports from India grew at a compound annual rate of 10.48 percent between
2001 and 2023, far outpacing the 4.76 percent growth in overall imports.
India’s approach, including the feasibility of a mini-trade deal and its response to Trump’s retaliatory measures, will be finalised as his administration makes key policy announcements.
Donald Trump’s re-election as President of the United States is expected to bring a return to his signature protectionist trade policies. These include imposing tariffs,
administration’s trade approach often focused on reciprocal taxes and aggressive measures against trading partners, raising concerns about potential trade wars and economic ripple effects worldwide.
Over 80% of US goods exported to India attract less than 20% tariff
NEW DELHI: The United States’ push to get India to reduce import duties may not yield much for the country, as less than 4 percent of the products from the North American country attract tariffs of over 30 percent, according to a market analysis.
US Ambassador to India Eric Garcetti called for tariffs to be lowered on December 20. Speaking at the US India Business Council event, Garcetti noted the need to make trade “fair and equal” by reducing tariffs.
Garcetti’s statements follow those of President-elect Donald Trump, who last week noted that India charges high tariffs and that the US will follow a reciprocal approach.
The President-elect, who will take the oath of office in January, has already threatened tariffs on China, Mexico, and Canada and called for
retaliatory measures if the BRICS nations move to finalise a currency.
Analysis of 3,638 tariff lines for which data is available for 2023-24 shows that 63.5 percent of categories attract less than 10 percent tariff, while another 17 9 percent, or 651 items, attract 10-20 percent tariff.
Just 20 items attract a tariff of over 100 percent, the chief among them being cars and motorcycles imported from the United States.
Harley-Davidson became a point of contention during Trump’s last term in office. Tesla has been eyeing India. Elon Musk, founder of Tesla, is part of Trump administration.
Evs from the US, at present, attract a 125 percent tariff, as per World Bank data.
The maximum tariff of 150 percent is applicable to wines, whiskies, rum and other alcohol.
Another 42 products attract 60-100 percent tariff and 1.9 percent between 30-60 tariff.
In terms of value, these categories account for just 0 4 percent of the trade to India in 2023-24.
Of the over $40 billion of imports to India, 81 8 percent was within categories that attracted 10 percent or less tariffs, while 15 percent is within categories that attracted 10-20 percent tariffs.
Analysis shows that reducing duties in these categories may not yield much either and could only increase US imports to India by $5 billion, even if it corners the entire market.
India’s total imports in items, which attract over 40 percent tariff from the US was $5.12 billion, while the US contributed only $160 million in 2023-24.
Exporting MSMEs Up from 52849 in 2020-21 to 1,73,350 in 2024-25: Centre
NEW DELHI: The total number of exporting micro, small and medium enterprises (MSMEs) increased considerably from 52,849 in 2020-21 to 1,73,350 in 2024-25, the government said on Monday.
MSMEs exports have witnessed a remarkable rise, increasing from Rs 3.95 lakh crore in 2020-21 to Rs 12.39 lakh crore in 2024-25, underscoring their critical role in boosting India’s economy and strengthening global trade.
M S M E s d e m o n s t r a t e d a n e x e m p l a r y g r o w t h t r a j e c t o r y, contributing 45.73 per cent to exports in 2023-24, which increased to 4 5 7 9 p e r c e n t b y M a y 2 0 2 4 , highlighting their growing impact on India’s trade performance. Notably, the gross value added
(GVA) by MSMEs in India’s GDP was 29.7 per cent in 2017-18 which rose to 30.1 per cent in 2022-23.
Even amid the unprecedented challenges posed by the COVID-19 pandemic, the sector sustained a contribution of 27.3 per cent in 2020-21, rebounding to 29.6 per cent in 2021-22.
These figures highlight the sector's pivotal role in driving economic growth and stability, reflecting its enduring strength and importance to the Indian economy, said the Ministry of Micro, Small and Medium Enterprises. Between July 1, 2020, and July 24, 2024, a significant number of enterprises transitioned to medium enterprises.
During the financial year 2020-21 to 2021-22, 714 micro enterprises scaled
up to medium and 3,701 small enterprises were upgraded to medium enterprises,informedtheministry
This number increased steadily with the financial year 2023-24 to 2024-25 witnessing further growth, with 2,372 micro enterprises and 17,745 smallenterprisesscaleuptomedium
“As India strives to position itself as a global economic powerhouse, the MSME sector undoubtedly plays a central role, fostering innovation, g e n e r a t i n g e m p l o y m e n t , a n d enhancing export competitiveness,” the ministry noted.
MSME’s are the backbone of India's economic landscape, pivotal in e m p l o y m e n t g e n e r a t i o n , entrepreneurship promotion, and economic development.
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Allcargo Gati's perspective on the Significant Developments in the logistics sector in 2024 and their outlook for 2025
MUMBAI: “Enhancing connectivity, achieving cost efficiency and building resilience and agility through technology adoption and capacity building have been key drivers as the logistics industry continues to enable India's vision for Viksit Bharat 2047. Progress in rail and waterway freight movement, alongside extensive highway construction, has heralded a new era of multi-modal connectivity, setting the logistics sector on a robust growth trajectory This progress strengthens India’s position as a rising global economic powerhouse.
At Allcargo Gati, this environment has enabled us to fortify our networks, expand capacities and cater
more effectively to highgrowth sectors such as e-commerce and MSMEs, which are at the forefront of the nation’s next wave of economic expansion.
S u s t a i n a b i l i t y a n d t e c h n o l o g y h a v e a l s o emerged as defining themes this year. The logistics sector is advancing towards carbon neutrality through the adoption of electric vehicles, solar-powered warehouses, and cutting-edge technologies such as AI and IoT These innovations not only enhance efficiency but also ensure alignment with global sustainability goals, creating long-term value for businesses, communities and the environment.
As we look toward 2025, our focus will sharpen on fostering seamless connectivity, improving operational efficiencies and deepening our commitment to sustainable practices. Building on the progress of 2024, we at Allcargo Gati remain steadfast in our mission to empower businesses, strengthen supply chains, and drive India’s economic growth, contributing to the realization of a self-reliant, prosperous India," said Mr. Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Ltd. (GESCPL).
