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U M Khona And Company receives 2 Accolades on International Customs Day, AILBIEA gets an Award from Kandla Customs
MUMBAI: U M Khona And Company have received 2 A c c o l a d e s f o r t h e i r commendable contribution and outstanding performance in FY 2024-25.
The rst Accolade came from Kandla Customs House for its outstanding per for mance in ‘Custom Broker’ category while the Second Accolade
came in the form of Appreciation Certicate from Jawaharlal Nehru Custom House (JNCH).
Additionally, Mr. Jayyannt Lapsiaa, Partner of U M Khona & also President of AILBIEA was present at Kandla to receive the Award accorded to All India Liquid Bulk ImportersandExportersAssociation(AILBIEA)
Mr. Jayyannt Lapsiaa receiving theAward from Commissioner of Customs, Kandla, Shri M Ram Mohan Rao.
Mr. Harsh Lapsia receiving the Certificate from Chief Commissioner of Customs JNCH, Shri Vimal Kumar Srivastav, IRS.
U M Khona And Company receives 2 Accolades on International Customs Day, AILBIEA gets an Award from Kandla Customs
Cont’d. from Pg. 3
The Appreciation
efforts of U M Khona And Company for processing the 1st Application of
c
online warehousing module of ICEGATE
according to JNCH.
Appreciation Certificate
(
Chief Commissioner of
Srivastav, IRS on the
InternationalCustomsDay
In Gandhidham,
Mr. Akshay Dand & Mr. Krishna Yadav (UMK Gujarat) from the Commissioner of Customs, Kandla, Shri M Ram Mohan Rao.
U M Khona And Company is a leading Customs Broker and Freight Forwarding se r vi
pro vider headquartered in Mumbai. For over seven decades their name has been synonymous with integrity and excellence.
JNPA welcomes esteemed delegates from the Port of Osaka
NAVI MUMBAI: JNPA had the honor of hosting esteemed delegates from the Port of Osaka. During their visit, they engaged in an insightful discussion with Hon'ble Shri Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, GoI
JNPA Chairman, Shri Unmesh Sharad Wagh, IRS, warmly welcomed the delegation and showcased JNPA's key projects, emphasizing their immense potential to strengthen India’s maritime sector.
“We look forward to fostering stronger collaborations and driving innovation in the global maritime industry,” informs a recent communique from JNPA
DPA Chairman & Secretary MoPSW visits
National Maritime Heritage Complex
A journey through India's mari me legacy!
L O T H A L : S h r i T . K . Ramachandran, IAS, Secretary, Ministry of Ports, Shipping & Waterways, along with Shri Sushil Kumar Singh, IRSME, Chairman, DPA, visited the work site of National Maritime Heritage Complex at Lothal, Gujarat. Progress was reviewed with officials from IPRCL, TPL, GMB and other stakeholders, informs a recent communique from Deendayal Port Authority
Hon’ble PM's vision is fast taking shape on the ground.
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
(INDUS) Hind Terminal
MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals
TBATBA Seaspan Amazon 5304W Q2659 1119915-21/01 Hapag ISS Shpg. UK, North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 12/0213/02
TBATBA Houston Express 506W ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS) Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT
TBATBA Haian East 25006W Reel Shpg. Corten Shpg. Barcelona, Valencia, Misurata (West Asia Red Sea Med - WARM) 30/0131/01 30/01 0600 Kota Naluri 2350W Q2614 PIL PIL India Djibouti, Berbeira (RGS)
03/0204/02
TBATBA NZ Ningbo 36INDSTP Q2633 1119668-20/01 MDL Line Hub & Links Alexandira & St. Petersburg 04/0205/02
TBATBA C Star Voyager 002WN Q2610 1119210-16/01 CU Lines Seahorse Shpg. Djibouti, Jeddah, Aden. 07/0208/02 TBATBA KR Tasman 2506W C Star Diamond Maritime (IMR1) UGL Seatrade Shipping UnifeederUnifeeder 12/0214/02 TBATBA Hyundai Tokyo 0156W HMM HMM Shpg.
Line
(India) (INX)
Ming Yang Ming(I) Contl.War.Corpn.
TBATBA HMM Promise 044W HMM HMM Shpg. Jeddah, Damietta, Piraeus, Genoa, Valencia, Barcelona, Seabird CFS ONE Line ONE (India) Algeciras (FIM West Bound)
TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSIGT
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
TO LOAD FOR USA, CANADA,
Safmarine Maersk India Charleston, Norfolk, New York, Savannah & Other Maersk CFS 15/0216/02 TBATBA Maersk Detroit 506W Q2663 US East Coast Ports.Middle East Container Lines(MECL) Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
In Port 28/01 MSC Ravenna IP504A Q2620 1119391-17/01 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals
31/0101/02 31/01 0900 MSC Lisbon IP505A Q2680 1120311-24/01 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 07/0208/02 07/02 0900 MSC Joanna IP506A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel 14/0215/02 14/02 0900 MSC Pamela IP507A 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
Marianna IU504A Q2651 1119868-21/01
Safewater Line US East Coast, South & Central America
MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals
1000 MSC Barcelona IU505A Q2711 1120721-27/01 Kotak Global Kotak Global US East, West & Gulf Coast (INDUS)
TBATBA APL Southampton 0INIZW1 Q2604 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul. 15/0216/02 TBATBA CMA CGM Pelleas 0INJ3W1 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 ONE Line ONE (India) India America Express (INDAMEX) COSCO COSCO Shpg.
02/0203/02 TBATBA Tolten
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
Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique,
Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel
28/0129/01 Wan Hai 501 253W Q2547 1118346-10/01 X-Press Feeders Sea Consortium Jebel Ali 06/0207/02 TBATBA X-Press Altair 25002W Q2672 1120093-22/01 Wan Hai Wan Hai Lines (I) (RGI / IM1) 10/0211/02
TBATBA X-Press Mekong 25002W Emirates Emirates Shpg. 29/0130/01 29/01 0200 Maersk Boston 504W Q2513 1117876-07/01 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile) Maersk CFS 05/0206/02
TBATBA Garsmere Maersk 505W Q2639 1119684-20/01
30/0131/01 30/01 2000 Norderney 090W Q2540 1118293-10/01 ONE Line ONE (India) Jebel Ali. 31/0101/02 TBATBA Oceana 933W Q2463 1117300-03/01 UnifeederUnifeeder Jebel Ali.
01/0202/02
02/0203/02
04/0205/02
(MJI/ESX) OOCL OOCL (I) Jebel Ali.
TBATBA Maersk Sentosa 504W Q2517 1117881-07/01 Maersk Line Maersk India Salallah. (MECL)
TBATBA Maersk Cairo 506S Q2518 1117882-07/01 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE) Maersk CFS
TBATBA Shamim 1343W Q2706 1120674-27/01 HDASCO Armita India Bandar Abbas, Chabahar. (IIX) 04/0204/02
TBATBA Nadia 20 Q2674 1120106 Lubeck Giga Shipping Bandar Abbas 05/0206/02
09/02 10/02
TBATBA Inter Sydney 0172 Q2649 1119926-21/01 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.
Agency King Abdullah. Hind Terminal 07/0208/02 07/02 0900 MSC Joanna IP506A SCI J.M. Baxi Salallah (EPIC / IPAK) 06/0207/02 05/02 1000 MSC Regulus IS504A Q2630 1119666-20/01 MSC MSC Agency Salallah, King Abdulah. (Himalaya Express) HindTerminal TO LOAD FOR WEST
ASIA GULF PORTS
From GTI 30/0131/01 30/01 0800 W. Klaipeda 503W Q2528 1118060-08/01 Maersk Line Maersk India Salallah (ME 2) Maersk CFS 31/0101/02 TBATBA Zhong Gu Nan Ning 25001E Q2567 1118745-13/01 X-Press Feeders Sea Consortium Khalifa, Jebel Ali. 07/0208/02 TBATBA Celsius Nairobi 0925
UnifeederUnifeeder Basra. (ASX) QNL/Milaha Poseidon Shpg. Jebel Ali, Bandar Abbas. Speedy CFS Alligator Shpg. Aiyer Shpg. Jebel Ali. Cordelia Cordelia Cont. West Asia Gulf Ports. Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DR
TO LOAD FOR WEST ASIA GULF PORTS From BMCT
27/01 28/01 27/01 1400 MSC Martina JU504R Q2573 1118784-13/01 MSC MSC Agency Sohar, Jebel Ali, Abu Dhabi, Dammam, Umm Qasr (UGE) Hind Terminal 29/0130/01 29/01 0200 Borkum 2506W Q2582 1118923-15/01 Folk Maritime Seastar Global Dammam, Umm Qasr, Riyadh(Via Dammam). 07/0208/02 TBATBA Asterios 2507W (IGXS)
29/0130/01 29/01 0400 EF Olivia 0096W Q2538 1118160-09/01 Samudera Samudera Shpg. Jebel Ali, Dammam Dronagiri 01/0202/01 01/02 0001 TS Dalian 0016W Q2696 ONE Line ONE (India) Jebel Ali, Dammam (SIG)
30/0131/01 30/01 0600 Kota Naluri 2350W Q2614 PIL PIL India Jebel Ali (RGS)
30/0131/01 30/01 0500 Seaspan Jakarta 0504W Q2514 1117878-07/01 Maersk Line Maersk India Jebel Ali Maersk CFS
06/0207/02 TBATBA SM Neyyar 0504W Global Feeder Sima Marine Jebel Ali, Bandar Abbas. (SHE) Dronagiri Alligator Shpg. Aiyer Shpg. Jebel Ali 01/02 02/02 31/02 2200 Vira Bhum 123W Q2572 1118786-13/01 RCL/BTL RCL Ag./Bharat Feeder Umm Qasr, Dubai. (RWG / IMI)
30/01 0300 Conti Conquest 030E Q2621 1118921-15/01 ONE Line ONE (India) Colombo. 05/0206/02 TBATBA Conti Crystal 139E Q2701 Yang Ming Yang Ming(I) (PS3 Service)
13/0215/02 TBATBA One Competence 093E Hapag/CSC ISS Shpg/Seahorse
02/0203/02
(PS3 Service) HMM HMM Shpg.
TBATBA MOL Presence 0020E Q2576 1118908-15/01 ONE Line ONE (India) Colombo. 07/0208/02 TBATBA Dimitris Y 0251E Q2689 X-Press Feeders Sea Consortium Colombo.
15/0217/02
TBATBA Cap Andreas 0018E CSC Seahorse Colombo. 16/0217/02 TBATBA X-Press Anglesey 2001E
TO LOAD FOR INDIAN SUB CONTINENT from BMCT
In Port 29/01 Zhong Gu Gui Yang 02501E Q2543 1118246-09/01
HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS In Port 29/01 Yantain I 14E Q2606 1119173-16/01 OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 30/0131/01
TBATBA Xin Da Yang Zhou 098E Q2548 1118350-10/01 APL CMA CGM Ag. Ningbo. Dron.-3&Mul. 13/0215/02
TBATBA OOCL Hamburg 155E Q2653 COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. 25/0226/02
30/0101/02
TBATBA OOCL Luxembourg 115E 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 Wan Hai 505 E181 Q2607 1119242-17/01
Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 04/0205/02
TBATBA Wan Hai 507 E229 Q2682 1120312-24/01 Evergreen EvergreenShpg. Shekou. Balmer Law. CFS Dron. 11/0212/02
18/0219/02
TBATBA Wan Hai 511 E097 Q2709 1120696-27/01 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/
TBATBA Seaspan Brisban 006E TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
FICCI Maritime India Conference and Expo concludes with over 4,000 business visitors
MUMBAI: The FICCI
M a r i t i m e I n d i a Conference and Expo 2025 concluded in the city with unprecedented participation, drawing over 4,000 business visitors who conducted more than 2,750 business-to-business meetings, including 760 pre-arranged sessions, highlighting India's growing maritime ambitions.
Notable speakers included Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, who shared that the upcoming Vadhavan Port in Maharashtra will create 1.2 million direct and indirect jobs while handling 300 million metric tonnes of cargo annually
and 2,750 B2B meetings
T K Ramachandran, Secretary of the Ministry of Ports, who discussed multiple issues, opportunities and initiatives in India, and Dutch Consul G
highlighted deepening bilateral ties in sustainable ports and maritime security. Shri Shyam Jagannathan,
D
Directorate of Shipping, outlined India's vision to break into the top five shipbuilding nations globally
s a w participation from more than 100 exhibitors representing major organisations including J M Baxi, D P World, JSW Infrastructure, Essar Ports, Marine Electricals, D
New Mangalore Port Authority, Andhra Pradesh Maritime Board, Maharashtra Maritime Board, Jawaharlal Nehru PortAuthority,CochinShipyard,Bharat Petroleum, and Indian Oil The exhibition featured comprehensive representation from port authorities, maritimeboards,shipyards,andenergy companies, with Andhra Pradesh servingasthepartnerstate
The conference, organised in association with the Indian Ports Association, also saw the release of the FICCI-CRISIL Knowledge Report on 'Forging New Horizons: The Growth of India's Shipbuilding and Repair Industry', mapping the sector's growth trajectory and potential
Rupee Depreciation: A Complex Challenge, Not a Simple Export Boost – FIEO President
N E W D E L H I :
The President of FIEO, Mr Ashwani Kumar, stated that the recent depreciation of the Indian Rupee against the US Dollar represents a complex economic scenario with mixed outcomes While it is often assumed that a weaker Rupee boosts exports by m a k i n g I n d i a n g o o d s m o r e competitive globally, the reality is far more nuanced, said Mr Kumar.
Mr Kumar highlighted that currency depreciation is relative If the Indian Rupee depreciates by 2% w h i l e t h e c u r r e n c i e s o f k e y competitors decline by 3-5%, Indian exporters lose competitiveness in global markets This relative disadvantage erodes any potential price advantage Indian goods might gain.
The depreciation also results in:
1. Increased Input Costs: Many Indian exporters depend on imported raw materials and components A weaker Rupee significantly raises
these input costs, often nullifying the perceived benefits of depreciation.
2. Exchange Rate Volatility: Fluctuating exchange rates create uncertainty, making it difficult for exporters to price their products competitively and plan for the long term.
3. Inationar y Pressures:
Depreciation inflates the cost of i m p o r t e d g o o d s l i k e o i l a n d commodities, driving up production costs and fueling domestic inflation. This reduces consumer purchasing power and negatively impacts overall economic growth.
4 External Debt Burden:
A depreciating Rupee increases the cost of servicing foreign currencydenominated external debt, creating additional pressure on businesses and the government.
FIEO President emphasized that a weaker Rupee is not a one-size-fitsall solution to boost exports. A strategic, multi-pronged approach is needed to address the root causes of depreciation while mitigating its
adverse effects. This includes:
*
production quality, reducing reliance on imports, and fostering innovation.
* Attracting Foreign Investment: Establishing a stable and investorfriendly environment to encourage long-term capital inflows.
* C o n t r o l l i n g I n f l a t i o n : Implementing effective monetary and fiscal measures to stabilize prices.
* Diversifying Export Markets: Reducing over-dependence on a few markets to buffer against global economic shocks.
While a weaker Rupee may offer limited short-term benefits for exporters, it is not a silver bullet for e c o n o m i c g r o w t h M r
concluded by stressing that Rupee d
b y a combination of issues requiring a balanced and well-considered a p p r o a
. A d d r e s s i n g t h e s e challenges strategically will be key to ensuring sustainable and inclusive growth for India.
India's nished steel imports from China hit
7-year high in April-Dec
NEW DELHI: India's finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional Government data.
China, the world's top steel
producer, shipped 2.1 million metric tons of finished steel to India during April-December, up 13 3% year-onyear, the data showed.
Beijing was the top exporter of finished steel to India during the period.
Shipments from China, South
Korea and Japan accounted for 79% of India's overall finished steel imports during the period.
South Korea's finished steel exports to India during AprilDecember touched a five-year high at 2.1 million metric tons, up 7.2% yearon-year, the data showed.
Union Minister unveils National Capital Goods Policy
BENGALURU: Union Minister for H e a v y I n d u s t r i e s a n d S t e e l HD Kumaraswamy unveiled the National Capital Goods Policy 2025 during the IMTEX 2025 inauguration in Bengaluru.
The policy aims to strategically position India as a global leader in manufacturing, with a comprehensive f r a m e w o r k d e s i g n e d t
i m p o r t dependencies, and enhance industrial competitiveness.
Karnataka’s Large and Medium Industries Minister MB Patil provided a compelling outlook for the machine tool industry, projecting revenues to reach USD 3.8 billion by 2030.
Currently ranking 9th globally in production and 7th in consumption, the sector generated over USD 2.2 billion in revenue in 2022. Notably, Karnataka
emerges as a critical hub, accounting for 52 per cent of India’s total machine tool production and hosting major industry players like ABB, Siemens, BHEL, and Larsen & Toubro.
Despite optimistic projections, the i
challenges, particularly in technological self-sufficiency In fiscal year 2023-24, machine tool imports surged to over Rs 40,000 crore, up from Rs 35,460 crore in the previous year
A recent Micro, Small and Medium Enterprises (MSME) Ministry report highlights structural impediments, including insufficient infrastructure, skilled workforce shortages, and limited investment from larger enterprises.
To address these challenges, the government has implemented strategic interventions, such as the s
competitiveness in the Indian capital goods sector
Launched in 2022, this initiative focuses on technology upgradation, skill development, and infrastructure
manufacturing capabilities.
The National Capital Goods Policy 2025 represents a pivotal moment for India’s industrial strategy, balancing
pragmatic measures to overcome
infrastructural limitations.
As the nation continues to position itself in the global manufacturing arena, c
government, industry, and educational institutions will be crucial in realising these transformative objectives.
Adani seeks partial de-notification of Mundra SEZ
A H M E D A B A D :
Adani Ports & Special Economic Zone Ltd has approached the Centre f o r p a r t i a l d enotification of its multi-product SEZ in Mundra, Gujarat.
The proposal will be discussed in the meeting of the Board of Approval, the highest decision-making body for special economic zones (SEZs). The board, headed by Commerce S e c r e t a r y S u n i l B a r t h w a l , will meet soon
“Adani Ports & Special Economic Zone (APSEZ) Ltd has requested for partial de-notification of 333.7396 out of 8282.7670 Ha. As regards reasons, the developer has submitted that due to stiff competition in the solar market a n d s e v e r e d u m p i n g o f s o l a r equipment into India, the units in EMC (Electronics Manufacturing Cluster) are becoming economically unviable within the SEZ,” according to the agenda of the meeting.
To survive in this difficult market, it has become essential for these units to exit from SEZ, it noted.
“In view of this, the constituent units in the EMC area have desired not to continue their operations in SEZ format. Hence, the co-developer, Mundra Solar Technopark has requested the developer to de-notify the EMC area from SEZ on the as-iswhere-is basis,” the proposal said.
Gujarat has given no objection to the proposal and requested to process the application of partial de-notification, it said. The development commissioner of APSEZ has also requested the board to consider this proposal.
As per the SEZ Rules, 2006, the central government may — on the recommendation of the Board on the application made by the developer, if it is satisfied, modify — withdraw or rescind the notification of a SEZ.
Further, the inter-ministerial board would also take up a proposal of Mundra Petrochem Ltd, APSEZ,
Mundra for a grant of LOA (letter of approval) extension for one year
While the LOA was issued in December 2021, due to the COVID pandemic and other issues, the start of the project and commissioning were rescheduled, the agenda said, adding that now, the project activities are progressing in full swing.
SEZs are key export hubs, which contributed over one-third of the country’s total outbound shipments in the last fiscal.
These zones are enclosures that are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales outside these zones in the domestic market.
As many as 423 such zones have been approved by the government, out of which 280 are operational. As many as 5,711 units are approved in these zones.
Exports from these zones rose by over 4 per cent to USD 163.69 billion in 2023-24.
Rupee’s fall all due to dollar’s rise, any RBI intervention can harm Indian exports :
DAVOS: Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank Governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian e x p o r t s e v e n a s h e u r g e d policymakers to focus on creating more jobs and boosting household consumption.
Asked what the second term of US President Donald Trump means for the global and Indian economy, Rajan said, “I think it means uncertainty P r e s i d e n t Tr u m p d u r i n g h i s campaign laid out a bunch of policies and measures that he wants to implement.”.
“We are seeing some of them being
Raghuram Rajan
implemented We have to see how intensely, for example the policy on immigration and trade and tariff proposals against whom and against which sectors are implemented. As of now what and how all this will pan out,” the eminent economist said.
On appreciation in the US dollar and its impact on other currencies especially in emerging markets including rupee, Rajan said the dollar has been appreciating against other currencies, partly due to fear of Trump tariffs.
“If he imposes tariffs, it is going to decrease US imports from other countries, narrowing the current account deficit and the trade deficit. So, from that perspective, it means
that the US needs to import less and so dollar will strengthen because there would be fewer dollars in the rest of the world So, that is the straight forward reason,” the former IMF Chief Economist said.
“There is also a view that the US is becoming more attractive as an investment venue because the people who can’t export to the US will move their production to the US. Also, you are seeing more capital flowing into the US and that is also leading to a s t o c k m a r k e t b o o m a n d a l s o strengthening the dollar,” he said.
All these reasons, along with the US economy growing very strongly, are leading to a stronger dollar, he added.
India’s Exports to US up 5.57% to $60 billion in April-December FY25
NEW DELHI: The country’s exports rose by 5 57 per cent to USD 59 93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data. During December, the shipments increased by 8.49 per cent t o USD 7 billion, the data showed
On the other hand, imports during the first nine months of 2024-25 grew by 1.91 per cent to USD 33.4 billion, while in December it was up by 9.88 per cent to USD 3.77 billion.
According to experts, going by the trend, the total trade between the two countries will continue to grow in the coming months also.
T
g April-December 2024-25 stood at USD 93.4 billion, as against USD 94.6 billion between India and China.
The experts added that the possible trade war between the US and China will give huge export potential for Indian exporters.
The US is the largest trading partner of India from 2021-22. The US accounts for about 18 per cent of India’s total goods exports and over 6 per cent in imports and about 11 per cent in bilateral trade.
Some experts raised concerns that if the US would impose additional
duties on certain Indian goods, as threatened by US President Donald Trump, it can impact trade.
In December last year, Trump had said India charges “a lot” of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.
“India should respond firmly and in equal measure,” economic think tank Global Trade Research Initiative (GTRI)FounderAjaySrivastavasaid In 2018, when the US taxed Indian steel and aluminium, India retaliated by raising tariffs on 29 US products, recovering equivalent revenue.
Xin Long Yun 58 25/01 Port KlangColombo-Jebel Ali -Khor Al FakkanNhava Sheva-MundraAliga
Venetia 26/01 China
Jingling Confidence 27/01
Limco Gold 27/01 China
Maple Harbour 27/01
Harvest 27/01
SSI Dauntless 27/01
Hansa Europe 27/01 Nhava ShevaJebel AliDammam-ShuibaUmm Qasr
New Dicoverer 27/01 Karachi-Jebel Ali
SSL Bharat 27/01 CochinTuticorin-Manglore
Stream
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
LIQUID CARGO VESSELS
Lila Confidence GAC Shpg.
CDSBO/CFSO
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
CONTAINER VESSELS DUE
In Port Kmarin Azur (V-504W) 5010299 Maersk India Nhava Sheva 29/01 Norderney (V-90W) 5010212 Unifeeder Agency Jebel Ali 01/02 Wan Hai 613 (V-67E) 5010414 Wan Hai Line Nhava Sheva
FOR IMPORT DISCHARGE
03/02 GSL Eleni (V-505W) - Maersk India Jebel Ali 03/02 X-Press Altair (V-25002W) 5010482 X-Press Feeder Karachi 04/02 GSL Phoenix (V-501W) 5010424 Maersk India Karachi
Kmarin Azur (V-504W) Maserk India 29/01 CB-2 Beijing Bridge (V-2408) Port Kelang 23-01-2025 Oshairij (V-2501W) Nhava Sheva 23-01-2025 Inter Sydney (V-171) Kandla 23-01-2025
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Zhong Gu Gui Yang 2501E 2500253 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 31/01 Evergreen/KMTCEvergreen/KMTC (FIVE)
05/02-AM Hyundai Courage 117E 2500439 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST)
06/02 05/02-PM X-Press Capella 25001E
ADANI INTERNATIONAL CONTAINER TERMINAL
FOR EAST, SOUTH & WEST AFRICAN
PIPAVAV PORT
31/01 30/01-1800 Maersk Sentosa 504W 25031 Maersk Line Maersk India Algeciras
Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 29/01 29/01-0001 MOL Presence 020E 25040 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang.
04/02 04/02-2230 Dimitris Y 0251E24045 ONE ONE (India) (TIP)
30/01 29/01-0600 Yantian 1 14E 25038 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 31/01 01/02 31/01-0600 Xin Da Yang Zhou 098E 25037 Gold Star / RCL Star Shpg/RCL Ag. Nansha New Port (CIXA)
11/02 11/02-0600 OOCL Jakarta 180E 25046
01/02 01/02-1000 Conti Conquest 030E 25041 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 02/02
03/02 02/02-0900 OOCL Atlanta 163E 25043 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 04/02
06/02 05/02-0900 Xin Beijing 150E 25044 Nansha, Port Kelang (CI1) 07/02 TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS 28/01 28/01-0300 Seaspan Jakarta 504W 25034 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
04/02 04/02-0300 SM Neyyar 505W
31/01 30/01-1800 Maersk Sentosa 504W 25031 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
29/01 29/01-1900 GSL Christen 505E 25035 Maersk Line Maersk India Colombo. (NWX)
JNPA Commemorates 76th Republic Day with Patriotism and Recognition of Bravery
NAVI MUMBAI: The Jawaharlal Nehru Port Authority - India’s Best Performing Port, celebrated the 76th Republic Day with great enthusiasm and pride at JNPA. The event witnessed Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL as the Chief Guest of the Republic Day event.
The celebration commenced with the arrival of the Chief Guest who hoisted the national flag, followed by the National Anthem. The Chief Guest then inspected the parade, showcasing the discipline and commitment of the CISF JNPA Unit.
In his Republic Day Address, Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, said, "On this Republic Day, we celebrate the strength of our democratic values, unity, and the relentless spirit of service. It is a moment to reflect on our progress, and at JNPA, we are committed to contributing to India’s growth on the global stage. Recently, we had the honour of welcoming the Hon'ble Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, who inaugurated several transformative projects at JNPA, further strengthening our infrastructure and capacity."
"As I mentioned during my Independence Day speech, the establishment of a new school with international standards is a significant step forward. I am pleased to share that just recently, we had the privilege of witnessing the groundbreaking ceremony of this school, conducted by the
Hon'ble Minister himself. This school will serve as a beacon of education for the future, reflecting our commitment to building a better tomorrow for the next generation," he added.
The event also included the felicitation of 11 JNPA and CISF personnel who saved the lives of travellers on a boat on December 18, 2024, highlighting their bravery and selflessness. This was followed by a thrilling dog show and rifle shooting demonstration by the CISF JNPA Unit, which enthralled the audience.
Adding to the festive spirit, students from JNPA schools presented vibrant cultural performances, celebrating India’s rich heritage and diversity JNPA’s Republic Day celebration reinforced its commitment to national service and recognised the efforts of individuals who uphold its values of courage, integrity, and dedication.
Indian Register of Shipping Marks 50 Years of Excellence with Grand Event in Mumbai, Graced by Sarbananda Sonowal
MUMBAI: Indian Register of Shipping (IRS) commemorated its Golden Jubilee with a grand celebration in Mumbai, reflecting on its remarkable journey of 50 years of innovation, service, and leadership in the global maritime sector
Shri Sarbananda Sonowal, Honourable Union Cabinet Minister for Ports Shipping & Waterways graced the occasion as a Chief Guest along with Guest of Honour Shri Shyam Jagannathan Director General of Shipping, Capt B K Tyagi, CMD, The Shipping Corporation of India, Shri Unmesh Wagh, IRS, Chairman, JN Port Authority and galaxy of industry stalwarts and maritime professionals.
Executive Chairman Shri Arun Sharma delivered a powerful welcome address that shed light on organisation’s histor y, contributions to the maritime sector, its commitment to innovation, and its vision for the future.
A key highlight of the event was the unveiling ceremony led by Shri Sarbananda Sonowal. The ceremony included a Coffee Table Book – A visual narrative of IRS’ journey over the past five decades and a commemorative magazine Touch of
Class Golden Jubilee Edition Vol 2 The Chief Guest, along with dignitaries, unveiled these significant publications, signifying IRS’ rich heritage and ongoing contributions to the industry The event also featured a logo release of National Maritime Games 2025 scheduled in March & April 2025, an initiative of Directorate General of Shipping
Shri Sarbananda Sonowal’s address was a moment of pride and inspiration as he recognised IRS’ pivotal role in the maritime ecosystem and emphasised the importance of innovation and sustainability. He said “IRS has not only upheld international standards but has also reinforced India’s standing as a responsible maritime nation. IRS has been pivotal in supporting India’s growth and new areas such as green shipping, hybrid propulsion systems, ecofriendly design, ensuring that our maritime practices remain at the forefront of global innovation ”
Shri Sarbananda Sonowal and Shri Shyam Jagannathan were honoured and felicitated by Shri Arun Sharma, followed by a vote of thanks by Shri. P K Mishra, Managing Director, IRS. The evening concluded on a festive note with a captivating performance by a live band, adding a celebratory vibe to this milestone event.
