GOVT OF INDIA, MINISTRY OF COMMERCE & INDUSTRY, DEPT. OF COMMERCE,
DIRECTORATE GENERAL OF FOREIGN TRADE Notification No. 15/2020-21
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OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-I), MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE Public Notice No.76/2020
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YEARS
Vol. LX No. 110 TUESDAY 30th JUNE 2020
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See Pg. 5
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Maharashtra invests in Logistics sector to promote Multi-Modal Connectivity: Maharashtra Minister MUMBAI: Maharashtra has invested over Rs 150 crore in the supply chain and logistics sectors in Pune and Thane regions to promote multi-modal connectivity, Transport Minister Anil Parab has said. Addressing a two-day CII Logistics and Supply Chain Leadership Conclave 2020, which began on Thursday, 25th June the Minister also said that the logistics sector provides livelihood to more than 22 million people and improving the sector would have a cascading effect on the country’s exports growth. “The Indian logistics sector provides livelihood to more than 22 million people, and improving the sector will facilitate
a 10 per cent decrease in indirect logistics cost, leading to a growth of five to eight per cent in exports. It is estimated that the worth of the Indian logistics market will be around USD 215 billion in the next two years. “The Maharashtra government has also invested in over Rs 150 crores in the supply chain and logistics sectors in the Pune and Thane region with the aim of promoting multimodal connectivity, technology driven accreditation and standardization process to support the supply chain ecosystem within the state,” the CII said in the release, quoting the Minister as saying. Cont’d. Pg. 13
Indian Embassies suggest various Container Shipping heading for a measures to boost exports US $9 bn Annual Profit: Sea-Intelligence NEW DELHI: Certain Indian embassies in Europe have suggested the Commerce Department various measures, including increasing presence of domestic exporters in proper ways to resolve trade disputes, to boost the Country’s Exports, according to an official. They recommended that sectors such as electronic, telecommunications, textile, garments, leather and footwear, food products and agriculture, automotive, steel, and pharmaceuticals have huge potential in European markets for Indian Exporters, the official added. The Commerce Ministry has shared a list of over 1,500 products with Indian missions to explore export opportunities in their respective countries for domestic firms. Cont’d. Pg. 13
LONDON: Despite the significant loss of box volume due to the pandemic, spot rates have soared above year-over-year levels through the second quarter, putting carriers on course for a US$9 billion profit this year if those rates can be maintained. The ability of carriers to lose 15 to 20 per cent of container volumes while at the same time increasing rates has surprised a sector more used to witnessing rate wars in times of market distress. Tight industry wide management of capacity has enabled carriers to not only prevent a rate slide, but to actually push rates higher, reports IHS Media. Cont’d. Pg. 13