MUM-28-03-2023

New FTP to have Vision, Strategy statement for long-term growth

NEW DELHI : The new Foreign Trade Policy, to be released this month-end, will come with a vision and strategy statement for expanding foreign trade, focussing on areas such as the evolving global system, MSMEs for exports, innovation and start-up ecosystem, products and markets, services sector, cooperative federalism and integration of womenintotrade,sourceshavesaid.

The long-term policy, with an ambitious target of increasing exportsofgoodsandservicesto$1trillioneachby2030,may also come up with goals for 2047 such as increasing India’s share in global trade to 10 per cent and raising share of exports in GDP to 25 per cent, a source tracking the matter said.

Promotinge-commerce

“The FTP is expected to have measures related to promoting e-commerce for exports, bringing in simplification and reforms for reducing compliance burden, turning districts into export hubs, strengthening domestic manufacturing & infrastructure and suitably adopting sectorspecificinitiatives,”thesourcesaid.

While there may be no big bang incentive schemes in the new policy, as WTO rules do not allow export subsidies, a plethora of steps will be announced to reduce transaction costsandimproveeaseofdoingbusiness.

Several flexibilities are expected to be introduced in existing popularschemessuchastheAdvanceAuthorisation Cont’d Pg.6

Over 400 companies register on ULIP within 6 months: Special Secretary Logistics

NEW DELHI - The logistics sector has been giving a positive response to the recently launched Unified LogisticsInterfacePlatform(ULIP).

Launched only six months ago by Prime Minister NarendraModi aspartof the ‘National LogisticsPolicy’ in September 2022, more than400 companieshaveregistered themselves at the ULIP portal, and 68 companies have signed Non-Disclosure Agreements (NDAs) with ULIP for accessing its data sets, the Commerce Ministry said on Friday 24March.

AspertheMinistry,leveragingULIP’sAPIintegration,the industry players have developed more than 30 applications and more than 6.5 crore API hits have already been processed.

ULIP’s dedicated portal makes the process of data request simpler, faster, and transparent and facilitates India’s logistics sector with data-driven visibility and transparency. Data-driven visibility and transparency provided by ULIP have facilitated the logistics sector in optimising the utilisationoftechnology.

“With ULIP, we definitely envisage transparency, efficiency and reduced overall logistics cost. ULIP will keep on contributing to the Indian Logistics Sector with a new and innovative approach which will eventually help the fulfilment of the vision of PM GatiShakti through National Logistics Policy (NLP).” said Sumita Dawra, Special Secretary, Logistics Division, DPIIT. Cont’d Pg.6

Export benefits under RoDTEP extended to certain textile items

NEW DELHI : The Government has extended export benefits under RoDTEP scheme to 18 items related to textiles sector, including saari and lungi, with a view to boost shipments of these goods. Benefits under the duty refund scheme — Remission of Duties and Taxes on Exported Products (RoDTEP) – will be given to exports made from March 23, the Directorate General of Foreign Trade(DGFT)hassaidinanotification.

Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others,willberefundedtoexporters.

“18 tariff lines…are being added…under RoDTEP for exportsmadefromMarch28,2023,”itsaid. The items include shirting fabrics, casement, and cambric.

Centre developing 60 jetties along Ganga from Varanasi to Haldia: Minister

NEW DELHI - The Centre is developing 60 jetties on the banks of Ganga between Varanasi in Uttar Pradesh and Haldia in West Bengal, Union MoS for Shipping and WaterwaysShantanuThakursaidonSunday,26thMarch.

Inaugurating four such jetties on both sides of the river at Nadia’s Kalyani and Tribeny in Hooghly district of West Bengal, he said the Centre was also developing 118waterwaysinthecountry.

“The 118 new waterways will reduce distance, lower transportation costs and benefit small traders, daily passengersandstudents.Itwillstrengthentheeconomy,”he said.

Prime Minister Narendra Modi is focussing on the infrastructuredevelopmentofthecountrywhichhasbeen neglectedforalong,hesaid.

“We want the cooperation of the West Bengal government for infrastructure development as the state needs it,” hesaid.

Thakur said the four jetties he inaugurated were built at a costofRs8crore.

He also initiated various development along the Ichamati river — National Waterway 44, in the North 24 Parganas district. The works will be undertaken across 24 km along theriver,fromBerigopalporetoTaranipore.

J&K Logistics Policy aims to cut logistics cost

by 50%

SRINAGAR : The Jammu and Kashmir administration has come up with a draft Logistics Policy 2023 with a view tobuildinfrastructureforthetransportsectorinresponse totheJ&K’sphenomenalexpansioninthelogisticssector. New efforts like GPS-based tolling to enable distancelinked toll collection, zero waiting time, and digital clearances at interstate crossings and customs checkpoints were noted in the draft policy paper as being introduced.

According to the draft plan, logistics costs are expected to be reduced by at least 50 percent from their current level overthenextfiveyears.

“The policy aims at identifying critical problems and bottlenecks affecting the effectiveness of logistics in J&K. The strategy also prioritises decision-making in this area while regularly examining ways to increase ground, air, and inland waterway connectivity throughout J&K (when possibleorviable),”readsthedraftpolicy.

“A strong logistics infrastructure, including a network of logistics parks, transport yards, warehouses, and controlled atmosphere stores will be established, according to the proposed policy. This policy will make appropriate interventions for improving J&K’s performance in logistics on key metrics including quality

logistics infrastructure, quality of logistics service providers, the efficiency of regulatory processes, favourability of the operating environment, ease of arranging logistics at competitive rates, timeliness of cargodelivery,safetyandsecurityofcargomovement,and easeoftrackandtrace,”itsaid.

“The policy focuses on the development of storage and handling facilities at strategic nodes to improve logistics efficiency in focus sectors like pharmaceuticals, e-commerce, agriculture, and dairy products. Developmentofaircargoterminalsandairfreightstations will be incorporated while mapping the facilities to boost air cargo. This policy promotes the development of e-commerce hubs in high-movement zones closer to demand locations and around the periphery of cities. This will address the needs of the e-commerce sector and preventtrafficcongestionincities,”itsaid.

The policy also aims to promote the development of truck terminals for their repair and maintenance, driver rest areas, and parking spaces at strategic locations (national highways,expresswaysintersectionpoints).

The J&K Government has sought suggestions on the introductionoftheJ&KLogisticsPolicy.

PM GatiShakti used extensively while evaluating proposals received under PM MITRA : Piyush Goyal

NEWDELHI: PM GatiShakti wasusedextensivelywhile evaluating the various proposals we received under the PM Mitra Programme and it helped us validate the selected and winning locations. This is a testament to India’s technology driven transparent governance, said Shri Piyush Goyal, Union Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry while virtually addressing a nationalconferenceonGeoTextiles.

“In line with the Hon’ble Prime Minister’s vision of five F: from Farm to Fiber to Factory to Fashion to Foreign, seven mega textile parks under the PM Mitra Scheme have been announced to be set up in Tamil Nadu Telangana, Karnataka, Maharashtra, Gujarat, Madhya PradeshandUttarPradesh.Iwouldliketocongratulateall thewinningstates,”ShriGoyalsaid

He said that India is the 5th largest producer of technical textiles in the whole world with a market size of nearly $22 billion, which we hope to build up to $300 billion

whenweturn100by2047.

Stressing on the increasing global demand for geotextiles, Shri Goyal said that with robust growth in infrastructure that is being created in India, he believes that significant contribution will be done to increase market potential in the Geo Textiles and Technical Textile sector. Thus, considering the growth of the sector, substantial efforts have been made to proactively address the challenges of this industry and facilitate the creation of an enabling environment. He quoted reforming schemes like the production linked incentive scheme, PM Mitra Park Scheme spoke about the National Technical textiles mission and various ease of doing business initiatives, various initiatives to make it easier for businesses to work and operate in India make line available to our industrial parts, all of which will help transform India from only a traditional textile industry to a technical textile and MMF (man-made Fibre) hub in the world.

New FTP to have Vision, Strategy statement for long-term growth

Cont’d from Pg.3 ..... scheme and the Export Promotion Capital Goods scheme to make it easier for the trading community to benefit from it. These include fee simplification, self-declaration, automatic extension and easingexportobligationinsomecases.

ThenewFTPwasinitiallyscheduledonApril1,2020,butitwas postponedseveraltimes,mainlytotideovertheuncertainties unleashedbytheCovid-19pandemic.Thelastextensionofthe FTP(2015-20)issettoexpireonMarch31,2023.ThenewFTP isexpectedtobeinplacefromApril1,2023.

SCOMETtobeintroduced

Apart from new chapters on e-commerce exports and district export hubs, one on dual items under Special Chemicals, Organisms, Materials, Equipment and

Technologies (SCOMET) is also likely to be introduced.

India’s exports of goods in the current fiscal have slowed down since July and are set to post only a small increase over last fiscal’s exports of $422 billion. The slowdown is due to the shrinking of demand in major markets in the West struggling with high inflation and rising interest rates and uncertainties due to the on-going Russia-Ukrainewar.

“The vision and strategy statement will chart out a course for development of foreign trade in the longer term keeping in view the evolving global system,” the source said, adding that it will be a forward-looking document.

Over 400 companies register on ULIP within 6 months: Special Secretary Logistics

Cont’d from Pg.3 Dawara, who is also the CEO and MD of NICDC and Chairman of NLDSL, further added that ULIP should now focus on fulfilling data requirements for logistics of specific sectors like coal, cement,fertiliser,foodgrain,etc.

Major industry players like Maruti Suzuki, DHL, Safexpress, Ultratech, TCIL, Jindal Stainless, Tata Steel, Yes Bank, BOSCH, Total Group, etc have already onboarded on ULIP, to develop their use-cases which will benefitthemandtheirstakeholdersalike.

According to the Ministry, ULIP users with API based integration can utilise the data for various activities and services like multi-modal track and trace, people and vehicle authentication, document digitisation, process automation at yards and gates, discovery services etc, which shall lead to reduction of overall operational cost of logisticsandsavetime.

The new FTP was initially scheduled on April 1, 2020, but it was postponed several times, mainly to tide over the

uncertainties unleashed by the Covid-19 pandemic. The last extension of the FTP (2015-20) is set to expire on March 31, 2023. The new FTP is expected to be in place fromApril1,2023.

SCOMETtobeintroduced

Apart from new chapters on e-commerce exports and district export hubs, one on dual items under Special Chemicals, Organisms, Materials, Equipment and Technologies(SCOMET)isalsolikelytobeintroduced. India’s exports of goods in the current fiscal have slowed down since July and are set to post only a small increase over last fiscal’s exports of $422 billion. The slowdown is due to the shrinking of demand in major markets in the Weststrugglingwithhighinflationandrisinginterestrates anduncertaintiesduetotheon-goingRussia-Ukrainewar. “The vision and strategy statement will chart out a course fordevelopmentofforeigntradeinthelongertermkeeping inviewtheevolvingglobalsystem,”thesourcesaid,adding thatitwillbeaforward-lookingdocument.

Car carrier orderbook surges by 30% in opening three months of 2023

SINGAPORE: The car carrier orderbook is surging, up by 30% in the year-to-date, and now represents 25% of the fleet on the water, according to data from Gersemi Asset Management. Another notable trend in this booming sector is the reentry of global containercarriers.

After a decade of limited orders, car carriers have become hot shipping property over the past year with rates hitting record levels, and tonmiles increasing significantly, thanks in part to the growth of China’s electric vehicle (EV)exports.

With rates still highly

elevated, experts believe there is little chance for the sector to cool off this year. Just 12 vehicle carriers are scheduled for delivery in 2023 compared to ultra-low demolition activity predicted at three vessel removals, marginally improving the net fleet balance by 1.8% by totalceu,accordingtodatafromVesselsValue.

“This niche sector remains comfortably short on shipping supply through 2023. This is ominous for

OEMs desperately seeking additional car capacity for their EV seaborne exports – but highly positive for shipowners and their shareholders enjoying record returns for another 12+ months,” Dan Nash, head of ferry, vehicle carrier and roro at VesselsValue, told said.

However, 46 vessels are scheduled for delivery in 2024, followed by 52 vessel deliveries in 2025, compared to forecasted vessel removals at less than half the delivery rate for both years based on the latest data. This will add 0.6m ceu capacitytotheglobalfleetby the end of 2025, something Nash warned could go higherifChineseOEMsexercisecurrentoptions.

Chinese automotive manufacturers have piled into the car carrier scene in recent months, responsible for mostoftheneworders.

Global container carriers have also sought to get in on the act with VesselsValue noting COSCO, CMA CGM and HMM have ordered and chartered vehicle carriers overthepastyear.

FOR EXPORT LOADING

SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

Le Havre, Rotterdam, Dunkirk,

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.

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North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3

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& WEST INDIES PORTS from NSIGT

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FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH

WEST INDIES PORTS from BMCT

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Emirates Shpg. Jebel Ali, Sohar.

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

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

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. Dronagiri-3

Bay Line Freight Conn. Port Sudan & Al Sokhna CWC, GDL & DRT

ICC Line Neptune UAE & Upper Gulf Ports. GDL-5

Ceekay Parekh Gulf Ports. GDL-2

Team Leader Team Leader Dubai, Jebel Ali JWR CFS

Team Lines Team Global Log. Gulf Ports. ConexTerminal

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FOR

PORTS from NSFT

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

Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS CISC Service

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

Line Seabridge Singapore, Port Kelang. (IEX)

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PORTS from GTI

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FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT

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PORTS from NSIGT

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JAIGARH PORT LIMITED

Balmer Lawrie Board approves incorporation of subsidiary in Dubai for logistics

KOLKATA : State-owned Balmer Lawrie said in a regulatory filing that the “board of directors of the Company at its Meeting held on March 24 has inter-alia, considered and approved the Incorporation of wholly owned subsidiary company with paid-up share capital estimated to be Rupee one crore in Dubai to engage in Freight forwarding and LogisticsIndustry.”

Specificdetails

The filing also noted that the proposed subsidiary company is yet to be incorporated. “The incorporation of the subsidiary companyshallnotfallwithinthedefinitionoftherelatedparty

and whether the promoter/ promoter transaction. The Company is not acquiring an existing entity. Thus, the businessactivityshallbeinlinewiththeexistingdisclosureof reasons for the acquisition business of Balmer Lawrie and Co Ltd. It shall require the approval of the Department of the Investment and Public Asset Management (DIPAM), MinistryofFinance.

Further, approval from authorities in Dubai would be required. The entity is expected to be incorporated within six months. It should be the 100 percent subsidiary of the company,”thefilingadded.

Govt.

of

India approves broken rice exports of 3.5 lakh tonnes to Gambia & Senegal

NEW DELHI : Indian Government has approved the export of 3.5 lakh tonnes (lt) of broken rice to Gambia and Senegal as a special consideration as shipments of this variety were bannedonSeptember8,2022.

According to a communication sent by the Finance Ministry to Chief Commissioners of Customs in Ahmedabad, Chennai, Vizag, Nagpur, and Mumbai, the Commerce Ministry has allowed export of 1 lakh tonnes of broken rice to Gambia and 2.5lakhtonnestoSenegal.

In addition, the Ministry has allowed shipments of 9,990 tonnes of broken rice to Djibouti, Ethiopia. The shipment will be done by Chennai-based Ruby Overseas. In the case of Gambia, of the total quantity approved for exports, the Centre has cleared requests to export broken rice from Royal Mirage Consultant (5,000 tonnes), Sarala Food Pvt Ltd (12,500 tonnes), and Laxmi Group of Industries Pvt Ltd (2,000 tonnes).

Western Railway joins the club of ‘100 million tonnes’

NEW DELHI - Western Railway has become the sixth zone of the Railways to transport 100 million tonnes in a financial year.WesternRailwayisthefirstnon-coalzonetoachievethis feat. Some part of Maharashtra and Rajasthan comes in this zone. The traffic in this sector is expected to see a significant jumpof24percentin2022-23(FY23).

The area has historically served the needs of industrial traffic. According to the analysis, there has been a radical change in the transportation of imported coal in this financial year. The nationwide coal crisis had pushed towards an energy crisis. Thisincreasedthedependenceonimportedcoal.

Due to this, the coal transportation of Western Railway

increased by 7.7 times in FY23. During this period coal was supplied directly from the western ports of Gujarat. Experts had pointed out that coal transported to power plants in eastern India was also transported through the ‘Rail-C-Rail’ model or waterways. The central government was promoting the movement of coal and other commodities through waterways.

This was expected to continue to benefit non-coal zones such as the Western Railway. However, Western Railway carried largely imported coal. But the share of coal in the total traffic ofthiszonewasonly15%,whichwasmuchlessthan50%ofthe IndianRailways.

Maritime master plan focuses to establish Kolkata as connectivity hub : BIMSTEC

KOLKATA : The first Technical session of BIMSTEC on Saturday hailed the member countries for having a master plan to develop maritime communication among the seven nations and marked Kolkata as a centrepiece for connectivity amongmembernations.

The session titled–BIMSTEC: Strengthening Regional Solidarity through Transport Connectivity, saw the Chair of the session Sanjeev Ranjan, Chairman, National Shipping Board, said: “I think is a new development which has happened. The BIMSTEC for the purpose of strengthening regional solidarity and transport connectivity has been active and thanks to that we have a master plan in place which has beenacceptedwhichgivesthedetail.”

“We have a clear master plan which covers areas of road transport, railways, ports, inland waterways and it also very familiarly touches upon the need for multi model connectivity andpromotingeaseofdoingbusinessandmakingtransaction simplerandalsotheneedfordevelopinghumanresource,”he added.

Constantino Xavier, Research Fellow, Centre For Social and Economic Progress, CSEP, New Delhi said: “Kolkata should strive to become the connective capital of India. This is a city that is deeply tied to the Bay of Bengal, the Himalayas, the Eurasian Hinterland, to the Indian Ocean region, to South East Asia, and East Asia, so certainly this is if not one among

but deep most prophecies place for us to discuss connectivity and hopefully, Kolkata can reclaim its place historically over centuriesasaconnectivityhubforAsia.”

“BIMSTEC is focussed on building green and resilient supply chains with integrated digital network to reduce waiting and facilitate decarbonisation, standardised and digitized documentation for trade facilitation, adoption of the Maritime Single Window for seamless movement and modernisation withemissiontargetsforsmallervesselsandtugs,”hesaid. He also talked about BIMSTEC’s efforts towards sustainability: “Significant efforts through Sagarmala, PM Gati Shakti, National Logistics Policy, Comprehensive Port Connectivity Plan, IBP, etc. have been made towards sustainability and improving maritime connectivity via suitable infrastructure and policy interventions for boosting trade.”

Xavier stressed on the need to further strengthen linkages between countries via waterways and coastal shipping and focus on sustainable and green maritime sector apart from cost-efficient transport via waterways and coastal shipping. Posh Raj Pandey, South Asia Watch on Trade Economics and Environment (SAWTEE), Nepal, talked about understanding connectivity, status of transport connectivity in BIMSTEC region and key concerns in promoting transport connectivity.

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST

TO

FOR MED / RED SEA & WEST ASIA GULF

TO LOAD FOR KARACHI, COLOMBO, YANGOON AND BANGLADESH PORTS

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

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICAN / AUSTRALIAN & NEW ZEALND

Tema, (*)Dakar, Dar Es Salaam, Maputo, Mombasa, T/S Durban, Abidjan, Lago, Luanda & Other Ports in West Africa, T/S Dakar

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Focus on R&D and Innovation to sustain exports momentum: Smt Anupriya Patel, Union Minister of State for Commerce & Industry

MUMBAI: Speaking on the occasion of FIEO Western Region Export Excellence awards at MumbaionMarch25,2023,asthe ChiefGuestof the Function, Smt Anupriya Patel, Hon'ble Union Minister of State for Commerce and Industry said that exporters should invest in R&D and focus on innovation to keep country's exports on growth trajectory. She said that India is set for transition from a developing to a developed economy in next 25 years with impetus provided by exports. Smt Patel said that India is blessed with exquisite products in each district and we all have to work on Hon'ble Prime Minister's vision of "Vocal for Local" and take "Local to Global". She assured that the government will facilitate, support and extend all help to promoteexports.

Referring to the better market access provided through recent FTAs, Smt Patel said that India is moving ahead with similararrangementswithUK,Canada,Israel,GCCandEU.

The Exports Excellence Awards were conferred by Smt Anupriya Patel, Union Minister of State for Commerce and Industry to encourage, motivate and recognize the best performing exporters from Western Region, FIEO organized the 6th and 7th Set of Export Excellence Awards, for the members who have excelled in export performance of goods and services during the financial years 2018-19 and 2019-20 respectively.

The Union Minister of State for Commerce & Industry conferred 67 awards to the exporters from the region, which comprised of MSMEs, Non-MSMEs and Services for their outstanding export performance. Banks/Financial Institutions were also awarded for outstanding export finance lending. There were multiple categories under which exporters were awarded, so as to ensure that all deserving exporters got sufficient encouragement and motivation. Exporters from all commodity groups were also awarded duringthisaward.

While welcoming Smt Anupriya Patel, the Hon’ble Union Minister of State, Commerce & Industry, Dr A Sakthivel, President, FIEO stated that her presence will not only encourage exporters, but will also inspire them to meet emerging global challenges. The exceptional achievement by our Award Winners clearly shows that when going gets tough, the tough gets going. He stated that the aggregate exports in thecurrentfiscalisexpectedtobebetweenUS$775-790billion exhibiting a growth of about 12% over the record exports of

US$ 672 billion in 2021-22. A double-digit growth in exports, when the global situation is becoming tougher and global trade moderating, is encouraging particularly as many of our competing countries are witnessing a sharp decline in their exports. He congratulated the award winners for their excellent performance and contribution towards the economy. While appreciating the efforts of Ministry of Commerce in setting up Council for Trade Development and Promotion with Trade/Commerce Ministers of States as members, he told that this provides a platform to state governments for articulating their perspective on trade policy and pursuing export strategies in line with national foreign trade policy. He opined that Export promotion fund to the tune of Rs 500 crores may be provided for aggressive marketing as small exporters find it difficult to market in overseas market with their limited resources. He added we need to set up state ofartexpositioncentreswhereState’sartisansandcraftsmen can showcase their best products, which can help them to contributeininternationaltrade.

Congratulating the award winners, Shri Paresh Mehta, Regional Chairman (WR), FIEO highlighted the significance of the Western Region Export Awards, as it felicitates top performing exporters from 5 major states of India, Maharashtra, Gujarat, Madhya Pradesh, Goa & Chhattisgarh. The states of Maharashtra & Gujarat from the Western India contributes to about 50% of India’s total exports. He told that the Export Excellence Awards add a zeal amongsttheexportercommunitytoachievenewmilestones. Shri Khalid Khan, Vice President, FIEO proposed vote of thanks to the Hon’ble Chief Guest, Awardees, Senior Govt officials and all the guest for their valuable presence. He told exports are not only vital for earning the valuable foreign exchange but more importantly creating employment opportunities and giving a push to a country's GDP. All those years, when the economy touched 8% plus growth were the years when exports clocked over 15% plus growth. If exports show 15-20% growth, the Indian economy will be on a doubledigit trajectory. The day belongs to the award winners who transformed challenges into opportunities through their sheer grit and strategy. He congratulated the winners, their employees&familieswhohavecontributedinnolessaway. Leading Industry heads, Central and State Government officials, representatives from International diplomatic community, representatives from trade & associations and exportersattendedthefunction.

DPIIT organised PM GatiShakti workshop for North Eastern States

NEW DELHI : The two-day regional workshop on PM GatiShakti National Master Plan — organised by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry — concluded recently, with more than 140 officials and industry players taking part in the session. The theme for theseconddaywasNationalLogisticsPolicy. States, including Assam, Manipur, Mizoram, and Tripura, gave presentations on their respective logistics policy, she said.

DPITT Special Secretary (Logistics) Sumita Dawra saidthattheseworkshopsarefacilitatingwideradoptionof the PM GatiShakti National Master Plan and National Logistics Policy across states and Union territories (Uts), inthespiritofcooperativefederalism.

Such initiatives bring more vigour and build synergy among different stakeholders resulting in mutual learning among states or UTs and central ministries or departments,shesaid.

On the first day, the workshop had focused on ways to strengthen the north-east corridor with adequate multimodal connectivity to economic centres and gateway ports.

Dawra, during the day, noted that the Assam Logistics and Warehousing Policy, 2022, aims at remodelling the state into regional logistics hub via developing state-ofthe-art infrastructure by incentivizing private investments, encouraging sustainability and climate resilience in the region, besides wider inclusive participationineconomicactivities,shesaid.

This policy will enable employment opportunities for approximately15,000peopleinlogisticssector,Dawraadded.

Manipur Integrated Logistics Policy, 2022, showcased its plan to enhance Ease of Doing Business by trade facilitation through active stakeholder involvement, while the Mizoram presentation laid down a road map, incorporating local connectivity of various economic zones, formation of regulatory framework, development of integrated logistics information system among other matters.

The Tripura policy stressed on creation of aggregation hubs as a centre for storage of perishable and nonperishable commodities, development of truck terminals and driver resting facilities, focusing on the thrust sectors like tea, rubber, agro and allied products, healthcare and education,skilldevelopment.

AD Ports Group Launches New Ro-Ro Shipping Service to Improve Commercial Connectivity with Kuwait via Khalifa Port

ABU DHABI, UNITED ARAB EMIRATES:

AD Ports Group recently announced the launch of a new direct shipping service dedicated to Ro-Ro, between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. The new service aims to improve commercial connectivity and facilitates trade with Kuwait.

Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba, Acting CEO of the Maritime Cluster and SAFEEN Group, AD Ports Group said: “As the region’s premier facilitator of logistics, industry, and trade, AD Ports Group is committed to utilising its integrated logistics capabilities to meet customers’ requirements, help grow their businesses, and facilitate their access to their target markets with competitive rates and reduced time through KhalifaPort,thestrategicgatewaytoAbuDhabi."

The long-standing bilateral trade ties enjoyed between the two GCC countries in recent years saw a rapid growth in several key commodity markets. During 2022, the Federal CompetitivenessandStatisticsCentre’spreliminarydatashows an increase in non-oil trade exchange between the two countries estimated at AED 43.5 billion, compared to AED 38.5 billion in

2021, recording 13% growth. In addition, the value of non-oil exports to Kuwait increased from AED 12.7 billion to AED 14.2 billion. While the value of re-exports to Kuwait increased from AED 20.9 billion to AED 21.9 billion, coinciding with the increase in imports to the UAE from AED 4.9 billion to AED7.3billion.

The volume of trade exchange between the UAE and the countries of the region has recently witnessed significant growth, owing to a set of comprehensive business agreements and strategic partnerships with neighbouring countries, including, but not limited to, the agreements AD Ports Group signedwithEgypt,Jordan,IraqandTurkiye.

The launch of the new shipping service between Khalifa Port andShuwaikhPortispartofADPortsGroup’seffortstoenhance tradeconnectivityandfacilitationintheregion.

Global Trade slows, but ‘Green Goods’ grow: UNCTAD

GENEVA:GlobaltradewaswortharecordUS$32trillionin2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last half of the year and issettostagnateinthefirst halfof2023.

The silver lining was the strong performance of trade in “green goods”, whose growth held strong throughout the year, says UNCTAD’s latest Global Trade Update, published on23March.

Green goods, also called “environmentally friendly goods”, refer to products that are designed to use fewer resources or emit less pollutionthantheirtraditionalcounterparts.

Defying the downward trend, trade in such goods grew by about 4% in the second half of the year. Their combined value hit a record US$1.9 trillion in 2022, adding more than $100 billion comparedto2021.

Among green goods that performed especially well were electric and hybrid vehicles (+25%), non-plastic packaging (+20%) and windturbines(+10%).

This is good news for the planet,” says Alessandro Nicita, one of the report’s authors, “as these goods are key to protecting the environmentandfightingclimatechange.”

The good news comes just days after the UN released its latest climate report, in which scientists have delivered a “final warning”, saying rising greenhouse gas emissions are pushing theplanettothebrinkofirreversiblechange.

More green growth expected

UNCTAD expects green industries to boom as countries scale upeffortstofightclimatechangeandcutemissions.

The organization, in its recent Technology and Innovation Report 2023, projected the global market for electric cars, solar and wind energy, green hydrogen and a dozen other green technologies to reach US$2.1 trillion by 2030 – four times more than their value today. “The patterns of international trade are

anticipated to become more closely tied to the transition towards a greener global economy,” the Global Trade Update says.

Slowdown hits goods harderthanservices

While imports and exports of green goods held strong throughout 2022, most products saw their trade start to decline in the second half of the year – and thedownturncontinuedinthefourthquarter.

The report shows that global trade in goods, worth US$25 trillion in2022,declinedby3%inthefourthquarter.Buttradeinservices remainedalmostconstant,finishingtheyearatUS$7trillion. And UNCTAD nowcasts for the first quarter of 2023 show global trade in goods will increase by about 1% in terms of value. Meanwhile, trade in services is set to jump by about 3%, as demand continues to grow for information and communication technology services, and travel and tourism sectors recover further.

The transport equipment sector saw trade grow by 14% in the fourthquarterof2022–althoughtheresultfortheyearwas-6%. On the negative side of the spectrum, energy took the biggest fall in the fourth quarter of 2022, dropping by 10%. Yet the sector still reported24%growthfortheyear.

Negative factors weigh on outlook for 2023

The outlook for trade remains uncertain amid ongoing geopolitical tensions and concerns about inflation, high commodity prices – especially for energy, food and metals – and theriskycombinationofhighinterestratesandpublicdebt.

As of 30 November 2022, more than half of least developed and other low-income countries were either at high risk or already in debtdistress.Thereportwarnsthat“thecurrentrecordlevelsof global debt, coupled with high interest rates, will continue to negatively affect the macroeconomic conditions of many countries.”

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 28/03/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

SHIPS READY FOR BERTH

I.G.M. Nos. filed at Kandla Customs

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI

CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

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

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI) PORT

(As on 28-03-2023)

ETD

MULDWARKA PORT

NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management of Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

I.G.M. FILED AT JAWAHAR CUSTOMS FOR NSFT/NSICT/NSIGT/BMCT/GTI VESSELS

NSICT

NSIGT

America (V-IU312A)

GTI

Vessel Name (Voy)

Unica (V-E159)

Apollo (V-312E)

Juliet (V-028E)

Zoi (V-22E)

Pipavav

Pipavav

Hazira

MSC Rikku (V-IW311A) 23-03-2023 Colombo

CMA CGM Titan (V-OPE61W1) 24-03-2023 ACMT

Nora (V-02SDXS1)

ACMTPL Maersk Genoa (V-311W) 25-03-2023 Salallah

Interasia Catalyst (V-E022) 25-03-2023 MICT

Wan Hai 307 (V-E423)

Hazira

Colombo X-Press Altair (V-23009E)

Navios Indigo (V-06W)

EXCHANGE RATESALL RATES PER UNIT

W. E. F. 17-03-2023

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

DP World’s overseas logistics investments since 2012 cross $10 billion mark

DP World is the only firm from outside Europe and the US among the top-five overseas investors in the global logistics sector

DUBAI - DP World has invested more than $10 billion (AED37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants.

The FT’s FDI Intelligence recently published its top five list for 2022, which ranks DP World fifth in the world by total value of direct investments allocated to the overseas logistics services sector. DP World's investments over the past year totalled $320 million (AED1.18 billion) despite demand for logistics services stalling as the global economy slowed. 2023 forecastsexpectsingle-digitdemandgrowthintheindustry. Other firms in the top five include US giant Amazon and AP Moller Maersk from Denmark. DP World is the only firm in thetopfivebasedoutsideoftheUSorEurope.

Commenting on the ranking, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The data shared by FDI Intelligence demonstrates where we stand globally within the logistics sector, not only in the last year but consistently over the last 10 years. DP World’s companies touch people’s lives around the world every day. Sometimes it is tangible, and sometimes we are in the background making sure people and businesses get the goods they require. Our infrastructure opens untapped trade opportunities, grows economies and makes goods more affordable. Investing in developing economies helps trade go further, facilitates economic growth, attracts foreign investment and generates thousandsofjobs–raisingthequalityoflifeforeveryone.”

The latest “Trade in Transition” study in January, commissioned by DP World and led by Economist Impact, revealed the emergence of major shifts in globalisation, as companies rushed to move manufacturing closer to home to protect against supply chain disruptions while increasingly

protectionist policies are breaking the world into trade blocs. Itskeyfindingisthat96%ofcompaniesaremakingchangesto their supply chains due to geopolitical events. One of the company’s key priorities in 2022 was to broaden its partnerships to unlock this trade potential. DP World enhanceditsrelationshipwithIndia’sNationalInfrastructure Investment Fund (NIIF) to raise approximately $300 million (AED1.1 billion) and created a new investment platform with the British International Investment Group to accelerate investmentinAfrica.

The continent has been a key focus area, with the development of the Port of Ndayane, Senegal, representing the beginning of a $1 billion investment. This is DP World’s largest port investment in Africa and the largest single private investment in the history of Senegal. The nearby Dakar port is credited with a 10% uplift in Senegal’s GDP growth, so the new port will reinforce Senegal’s position as a trade hub in West Africa and further its development through the next century.

Plans are also progressing to expand the capabilities of operations in Caucedo, Dominican Republic while the Callao Port expansion in Peru will create one of the single biggest terminalsinSouthAmericaonceitiscompletedlaterthisyear. The UK has been another key destination for investment. Over the last decade, DP World has invested £2 billion (AED 8.99 billion) in the UK, supporting thousands of jobs. For the next 10 years, the logistics provider has earmarked a further £1 billion of investment, with a £350m new fourth berth at LondonGatewaynowwellunderconstruction.

In Romania, DP World is also building new infrastructure at the Port of Constanta – including a new roll-on/roll-off (RO-RO) terminal -- to turn it into one of the most critical cargo and vehicle hubs on the Black Sea, a key gateway for tradeintoEasternEurope.