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Policy & Economy News |
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India poised to become third-largest consumer market: WEF Agri, manufacturing to push GDP grow to 7.2 pc in 2018-19: CSO Gujarat eyes 2.2 tln investment in renewable energy in 10 yrs 'India's first greenfield ind city Dholera ready to take off' |
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Business News - The India Boom Factor |
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Industry sees future growth being driven by export demand India ships season's first grapes to China India's exports to China surge during first eight months of fiscal year |
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Shipping News |
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139 Cruise ships carrying over 1.6 lakh passengers visited India in 2017-18: Shri K J Alphons HMM starts CIX Service calls at PSA's BMCT India on cusp of waterways revolution; 4% cut in logistics cost to lift exports by 30%: Nitin Gadkari |
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Logistics News |
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Hon'ble Prime Minister inaugurates CONCOR's Multimodal Logistics Park of Balasore, Odisha Centre to set up multi-modal logistics park in Panjim |
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Indian Port News |
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Centre to set up multi-modal logistics park in Panjim JNPT registers much improved performance in 2018 Chennai Port drives on Hyundai Motor for volume Deendayal Port & KICTPL create history in the new year by berthing the longest ever vessel Major Ports handle more coal in first nine months of fiscal |
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Policy & Economy News |
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India poised to become third-largest consumer market: WEF Press Trust of India - New Delhi, January 10 Top |
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India is poised to become the third-largest consumer market behind only the US and China; and consumer spending in India is expected to grow from USD 1.5 trillion at present to nearly USD 6 trillion by 2030, a World Economic Forum report said Wednesday. According to World Economic Forum (WEF), with an annual GDP growth rate of 7.5 per cent, India is currently the world's sixth-largest economy. By 2030, domestic private consumption, which accounts for 60 per cent of the country's GDP, is expected to develop into a USD 6-trillion growth opportunity. "If realised, this would make India's consumer market the third-largest in the world, behind the US and China," the report said. Commenting on the report, Zara Ingilizian, Head of Consumer Industries and Member of Executive Committee, World Economic Forum, said "as India continues its path as one of the world's most dynamic consumption environments, private and public-sector leaders will have to take shared accountability to ensure such consumption is inclusive and responsible. Notwithstanding the significant growth in consumption, critical societal challenges will need to be addressed, including skills development and employment of the future workforce, socio-economic inclusion of rural India, and creating a healthy and sustainable future for its citizens. The report titled 'Future of Consumption in Fast-Growth Consumer Market India' noted that growth of the middle class will lift nearly 25 million households out of poverty. As per the report, growth in income will transform India from a "bottom of the pyramid economy" to a middle class-led one. Future consumption growth will mainly come from rich and densely populated cities and the thousands of developed rural towns. "India's top 40 cities will form a USD 1.5 trillion opportunity by 2030, many thousands of small urban towns will also drive an equally large spend in aggregate. In parallel, there will be an opportunity to unlock nearly USD 1.2 trillion of spend in developed rural areas by improving infrastructure and providing access to organised and online retail," WEF noted. The report produced in collaboration with Bain & Company builds on consumer surveys conducted across 5,100 households in 30 cities and towns in India, and draws from more than 40 interviews with private and public-sector leaders. "It's an exciting future for firms that wish to unlock the consumption opportunity in India," as stated by Nikhil Prasad Ojha, Partner and Leader of the Strategy practice at Bain India. To unlock the potential of these opportunities and to ensure equitable growth, the report identified three critical societal challenges that need to be addressed -- skills development and employment for the future workforce, socio-economic inclusion of rural India and healthy and sustainable future. |
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Agri, manufacturing to push GDP grow to 7.2 pc in 2018-19: CSO Press Trust of India - New Delhi, January 8 Top |
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India is poised to become the third-largest consumer market behind only the US and China; and consumer spending in India is expected to grow from USD 1.5 trillion at present to nearly USD 6 trillion by 2030, a World Economic Forum report said Wednesday. According to World Economic Forum (WEF), with an annual GDP growth rate of 7.5 per cent, India is currently the world's sixth-largest economy. By 2030, domestic private consumption, which accounts for 60 per cent of the country's GDP, is expected to develop into a USD 6-trillion growth opportunity. "If realised, this would make India's consumer market the third-largest in the world, behind the US and China," the report said. Commenting on the report, Zara Ingilizian, Head of Consumer Industries and Member of Executive Committee, World Economic Forum, said "as India continues its path as one of the world's most dynamic consumption environments, private and public-sector leaders will have to take shared accountability to ensure such consumption is inclusive and responsible. Notwithstanding the significant growth in consumption, critical societal challenges will need to be addressed, including skills development and employment of the future workforce, socio-economic inclusion of rural India, and creating a healthy and sustainable future for its citizens. The report titled 'Future of Consumption in Fast-Growth Consumer Market India' noted that growth of the middle class will lift nearly 25 million households out of poverty. As per the report, growth in income will transform India from a "bottom of the pyramid economy" to a middle class-led one. Future consumption growth will mainly come from rich and densely populated cities and the thousands of developed rural towns. "India's top 40 cities will form a USD 1.5 trillion opportunity by 2030, many thousands of small urban towns will also drive an equally large spend in aggregate. In parallel, there will be an opportunity to unlock nearly USD 1.2 trillion of spend in developed rural areas by improving infrastructure and providing access to organised and online retail," WEF noted. The report produced in collaboration with Bain & Company builds on consumer surveys conducted across 5,100 households in 30 cities and towns in India, and draws from more than 40 interviews with private and public-sector leaders. "It's an exciting future for firms that wish to unlock the consumption opportunity in India," as stated by Nikhil Prasad Ojha, Partner and Leader of the Strategy practice at Bain India. To unlock the potential of these opportunities and to ensure equitable growth, the report identified three critical societal challenges that need to be addressed -- skills development and employment for the future workforce, socio-economic inclusion of rural India and healthy and sustainable future. |
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Gujarat eyes 2.2 tln investment in renewable energy in 10 yrs Press Trust of India - Gandhinagar, January 11 Top |
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Gujarat, which already leads the green energy segment,is eyeing a whopping Rs 2.20 trillion investments into the renewable energy sector over the next decade, state energy minister Saurabh Patel said Thursday. While an investment of Rs 1 trillion is expected in the next three years in solar and wind power generation projects, another Rs 1.20 trillion can be invested by private players in hybrid parks, where both wind and solar projects can come up at the same location, he said, adding this investment can generate 30,000 mw of green energy by 2029. Under a three-year plan for the renewable energy sector, the state intends to generate 10,000 mw of solar and 5,000 mw of wind energy, Patel told reporters here. Some of the major projects envisaged for the next three years include a 5,000-mw solar park at Dholera and a 1,000-mw wind energy project near the Pipavav port, where windmills will be installed in the sea near the port. "We are eyeing an investment of Rs 1 trillion over the next three years in these projects. At present, renewable energy production in the state stands at 7,645 mw, which is 28 percent of the total generation in the state" said Patel. He also said by 2022, the state plans to produce 22,922 mw electricity of solar and wind power, which will be around 54 percent of the total power production in the state. "In the long-run, our push will be on renewable energy and not conventional sources," he added. To attract new players into this sector, Patel said the wastelands located near 66-kv substations all over the state will be allotted for solar plants. "We've already identified 50 such sub-stations, which have surplus land. As per our estimate, 3,000 mw of solar power can be generated from these land parcels," said Patel. Under the recently launched Wind-solar hybrid power policy--2018, which aims to make the optimum utilization of the land and grid, the state aims to generate 30,000 mw at an investment of Rs 1.20 trillion over the next 10 years,he said. The policy allows a solar project developer to use the same land for setting up wind power projects and vice versa. "We'll give land to the developer on 40-year lease. Our aim is to generate 30,000 mw in the next 10 years. This will attract an investment of Rs 1.20 trillion. We will only provide the land on rent while money will from private players" he added. |
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India's first greenfield ind city Dholera ready to take off' Press Trust of India - Dholera, January 7 Top |
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India's first greenfield industrial city at Dholera in Gujarat is ready to take off, with basic infrastructural facilities for its first phase of development are set to be completed by this September, according to officials. Dholera, which is a project conceived under the then Chief minister and current Prime Minister Narendra Modi, is being developed from the scratch as a smart city, where the government will build robust infrastructure for industrial development in this saline region near the Gulf of Khambhat. "Basic infrastructure for the the Dholera Special Investment Region, initiation area of 22.5 kms will be ready by September 2019," CEO of Dholera Special Investment Region Development Authority (DSIRDA) Jai Prakash Shivhare told reporters Sunday. "Many countries, especially China, are developing new cities. India has developed many green field cities," he said, adding that Dholera is the first greenfield industrial city that is being developed in the country. "Dholera is now ready to take off," he said. The Centre has provided grant of Rs 3000 crore (Rs.30 billion) for the development of smart infrastructure at this new industrial city, out of which the DSIRDA has awarded contract works worth Rs 2800 crore (Rs.28 billion) for developing infrastructure before the arrival of industry at the site. The city will get storm water drains, waste water discharge, underground ducts, electricity and water supply, wide roads and good connectivity. Dholera will be connected to Ahmedabad by the expressway and a Metro line which will reduce the travel time, he said, adding that the Centre has already issued tenders for the expressway between Ahmedabad and the proposed industrial city, located around 100 kms from Ahmedabad. An international airport will also come up in the vicinity of Dholera city, the CEO said. When asked about the response of industries, Shivhare said authorities are holding discussions with various industrial houses for setting up plants in Dholera. He said some announcement can be expected during the Vibrant Gujarat 2019 summit beginning January 18. "This is largely a saline land, and converting it into an industrial city is the best way for development and ensuring jobs for the people of the region," he said. We are planning to have an egalitarian city here, he said. "The city will have 11 per cent of open green area which will be the largest in the country, 10 per cent of the area earmarked for residential purposes will be reserved for housing for the economically weaker sections (EWS). The tap water will be drinkable," Shivhare said. DSIRDA officials said they will start developing other phases in Dholera with a total area of 400 sq kms, once the first phase one is completed. "Dholera taluka in Ahmedabad district is very saline area due to its proximity to sea. Farmers get very low yield for their crops," officials added. |
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Business News - The India Boom Factor |
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Industry sees future growth being driven by export demand
Exim News Service - New Delhi, January 10 Top |
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India Inc. is optimistic on the prospects for the growth of the economy in the next 12 months, foresees faster sectoral growth and expects future growth to be driven by export demand. This prognosis is held out by the FICCI-PwC India Manufacturing Barometer 2019: Building Export Competitiveness. The Manufacturing Barometer was released here today by Mr Puneet Dalmia, Chairman, FICCI Manufacturing Committee and MD, Dalmia Bharat Group, along with other dignitaries. Mr Dalmia said, "As global trade has changed significantly in the last few years with new trade routes based on Global Value Chains (GVCs), we need to provide Indian exporters the opportunity to contribute to align with these global value chains. There are number of sectors where India can be a truly global leader. India can globally lead in exports in a number of sectors like textiles, automotive, chemicals, leather, metals and many more such areas." Most of the respondents were upbeat and confident about India's positive growth performance. Most also believed that India has the potential to grow at an average rate of 7 per cent or more in the next 12 months. This is aligned with the projections of international development agencies such as the World Bank Group and the IMF. Fifty-eight per cent of the respondents believe that their sector would grow faster by at least 5 per cent in the coming 12 months. The respondents contend that one of the key reasons for faster growth is the focus on Ease of Doing Business and introduction of reforms such as GST that are opening new vistas for investments across the country. In the past, the manufacturing sector relied on the domestic market as the primary source of revenue. The survey reveals the growing importance of exports to manufacturing companies in the future, with a focus on a good mix of parts-component trade along with end product trade, and the imperative to strategise for both types. Further, India Inc. seems to have begun placing greater emphasis on technology integration, including a renewed focus on R&D and innovation. To cement India's status as a global export destination, it expects the government to focus on business ecosystem reforms and the industry's integration with global value chains. Currently, over 65 per cent of the companies whose CxOs participated in the survey have the Indian market as their major source of business. However, 85 per cent of them believe that their future growth will be driven by export demand. This is in sync with India's export performance over the last 12 months. In 2017-18, India's exports grew by 9.8 per cent, the fastest growth in the last five years. An interesting observation from the survey is quality advantage being seen as the reason for driving export growth, ahead of cost advantage as the primary reason. However, imports during the same period also grew by 19.6 per cent. Non-availability of intermediate products and raw materials and cost and quality advantages in sourcing from other markets were seen as the key reasons for rising imports. But what is encouraging is that most of them believe that over the next 5 years, their dependence on imports will reduce. The survey notes that to make export growth more sustainable, the industry requires an ecosystem that promotes manufacturing competitiveness and facilitates the production of goods of global quality standards at prices that are competitive. Stronger economic relations with certain countries in target sectors will enable the development of competitive supply chains beyond Indian borders, the survey noted, as per a release. |
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India ships season's first grapes to China
Daily Shipping Times - Pune, January 7 Top |
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India has shipped its first consignment of grapes to China to mark the beginning of the bumper season 2019. India exports around 190,000 tonnes of grapes worth $300 million a year, of which the Netherlands contributes nearly 33 per cent both in volume and value. Russia and United Kingdom shared 15 per cent and 12 per cent, respectively, in 2017-18. China has been a regular buyer of Indian grapes. "The first consignment of 33 tonnes of Indian grapes has already been dispatched to China and is expected to hit Chinese Ports by January 15. We are looking to double our grapes export to China this year. Chinese buyers are looking at India as a potential supplier after lower grape imports from the United States," said U K Vats, General Manager, Agricultural and Processed Food Products Export Development Authority (Apeda). China, which is not a producer of grapes, meets its entire demand through imports from India and other major producing countries. |
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India's exports to China surge during first eight months of fiscal year
Daily Shipping Times - New Delhi, January 7 Top |
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China's promise to check the widening trade imbalance with India by importing more may already be showing some impact. India's exports to China in the first eight months of FY19 increased by more than a third year-on-year, according to official figures. India, however, is closely monitoring the export figures to see what part is directly attributable to the greater market access promised by Beijing, so that corrective action can be sought, if required, a Government Official said recently. "The Commerce Ministry and the Ministry of External Affairs are coordinating their efforts to ensure that China delivers on its market-access promise. India will have to shape its diplomatic strategy accordingly," the official said. India's exports to China in the April-Nov.2018 period increased 36.87 per cent to $11.1 billion while its imports from that Country in the same period declined 2.66 per cent to $48.35 billion. In FY18, exports to China had risen 31 per cent to $13.33 billion while imports were up just 24.64 per cent at $76.38 billion, which increased the trade deficit to a whopping $63 billion. Much more possible "We understand it would be difficult to make a big dent in the trade deficit numbers. But if China is sincere about removing non-tariff barriers, there is vast scope for increasing imports from India, especially with the ongoing US-China trade war," the official said. "The retaliatory tariffs placed by the US and China open a window of opportunity to enhance India's exports to China and the US, particularly in products where India is competitive," Minister of State for Commerce & Industry CR Chaudhary recently said in a reply to the Rajya Sabha. For a number of items that it has been buying in large quantities from the US, such as soyabean and tobacco, China is taking steps to open imports from India. Items for which it has already removed import restrictions from India include non-basmati rice, sugar and some pharmaceutical products. Many others are in the pipeline, such as rapeseed, bananas, soya, oilmeal, groundnut and buffalo meat. |
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Shipping News |
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139 Cruise ships carrying over 1.6 lakh passengers visited India in 2017-18: Shri K J Alphons
Press Information Bureau - January 08 Top |
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In the year 2017-18, a total of 139 Cruise ships carrying 1,62,660 passengers visited India at six major ports namely Mumbai Port, Mormugao Port, New Mangalore Port, Cochin Port, Chennai Port and Kolkata Port. The five major ports of the country namely, Mumbai Port, Mormugao Port, New Mangalore Port, Cochin Port and Chennai Port have been developed to attract cruise ships with dedicated terminals and other related infrastructure for berthing of cruise vessels and embarking and disembarking of cruise passengers. The Ministry of Shipping has brought out a Vision Document with a view to develop India as a Cruise shipping destination. The vision document envisages to develop supporting infrastructure for cruise tourism at ports, to give special focus on developing the domestic cruise industry through policy supports, incentives and port infrastructure development. Separately, Ministry of Shipping & Ministry of Tourism has jointly appointed a consultant for 'Preparation of Action Plan for Development of Cruise Tourism in India. The Cruise tourism operations augment local economic activities as business opportunities arise for supply for provisions, transport, hotels, bunkering etc. to cruise ships which generate direct and indirect employment and help in growth of local economy. This information was given by Shri K. J. Alphons, Union Minister of State (I/C) for Tourism in a written reply in Lok Sabha today. |
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HMM starts CIX Service calls at PSA's BMCT
Daily Shipping Times - Navi Mumbai, January 9 Top |
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PSA's Bharat Mumbai Container Terminals Private Limited ("BMCT") welcomed the first regular service call of Hyundai Merchant Marine ("HMM") China India Express ("CIX") service on 2 January 2019. The 8,562 TEU (twenty-foot equivalent unit) capacity "M.V. Hyundai Loyalty" is one of six vessels deployed on this service connecting BMCT to key Far East markets with the following port rotation: BMCT - Mundra - Karachi - Port Kelang - Singapore - Hong Kong - Gwangyang - Busan - Shanghai - Ningbo - Shekou - Singapore - BMCT. A total of 8,540 TEUs were handled during this first call in 42 hours. During the onboard vessel ceremony to mark this occasion, PSA India's Senior Advisor Capt. Suresh Amirapu said, "We are honored to receive this early vote of confidence from HMM in BMCT's first year of operations." "With our capacity growing to reach 2.4 million TEUs annually by April 2019 with the arrival of 3 more super post-panamax quay cranes, BMCT aims to provide HMM and its customers with unrivalled productivity, flexibility and growth opportunities at JNPT's Largest Container Terminal." Mr. HJ Sung, Managing Director of HMM India, was present at the inaugural call and commented, "We are glad to take our global relationship with PSA one step forward by commemorating our CIX service at PSA's BMCT, giving us an edge to meet customer satisfaction with enhanced operational efficiency and move count per hour. BMCT with its advanced technology and infrastructure is highly capable to accommodate 13,000 TEU vessels, which are a part of HMM's recent mega vessel project to continuously bring even more bigger sized container vessels to boost the Export Import trade in India. We look forward to lay down several milestones of success and growth together. Best of luck to both HMM and PSA's BMCT teams !" BMCT General Manager Mr. Sivakumar said, "BMCT is deeply appreciative of HMM's support. We will be working very closely with HMM and their customers to ensure the CIX service goes from strength to strength. We are especially looking to increase the share of rail-borne cargo, given the advantages of rail over road for longer distances and BMCT's expansive railyard, train-handling capabilities and the upcoming completion of the Dedicated Freight Corridor." |
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India on cusp of waterways revolution; 4% cut in logistics cost to lift exports by 30%: Nitin Gadkari
India Seatrade News - January 11 Top |
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Waterways transport in India is all set for a revolution and has potential to bring down logistics cost by 4 per cent that will propel exports by 30 per cent, Union minister Nitin Gadkari said Thursday kicking off PSU Concor's maiden containers voyage through coastal shipping. The shipping and road transport minister said many firsts in the country were lined up as massive works were underway on projects for turning 11 rivers into waterways besides pilot run of aeroboats on Ganga on January 26. Launching Container Corporation of India's (Concor) first-ever container transport through coastal shipping from Kandla to Tuticorin port via Mangalore and Cochin through video conferencing here, Gadkari recalled how people used to laugh at his dream of developing waterways and running cargo ships on the river Ganga. "Now we have paved the way for exports to Bangladesh and Myanmar through Varanasi...If we reduce our logistics cost by just 4 per cent then our exports will boost by 25-30 per cent...We are one of the fastest growing economies and we have the potential to do it," Gadkari, who is also the water resources minister, said. "The share of coastal shipping (in movement of cargo) in China is 24 per cent, Germany 11 per cent and in USA it is 9 per cent but in India it is barely 4.5 to 5 per cent....Massive works are underway to develop waterways which many thought was a dream only. Of the 111 rivers to be converted into waterways, projects are underway on 11," Gadkari said. He said 80 lakh tonne of cargo was transported through the Ganga this year which was going to swell to 280 lakh tonne as a draft of 3 metre has been maintained on Varanasi to Haldia stretch of 1,680 km. On the request of the UP government, the Centre is maintaining 1 metre draft from Allahabad to Varanasi and barges are designed with such techniques that they can carry 3,500 tonne of cargo each in place of 2,000 tonne at present. Coastal shipping is developed in such a fashion that it can carry all kinds of cargo - automobile, fertiliser, cement, steel, foodgrain, sugar, the minister said. "Besides, four aertoboats using Russian technology are ready for a pilot run on Ganga on January 26. These can run on water, mangrove and land," he said and added that easing of policies has resulted in arresting 30 per cent of the Colombo bound containers...These all are historical steps," he said. Concor, a PSU under the Ministry of Railways, which saw launch of its maiden container transport through coastal shipping said foray into coastal move is aimed at strengthening the infrastructure along the west coast to start with and further extend to east coast. The minister said the move is significant as water transport is much cheaper in comparison of transport through rail and road. "Container shipping operations envisage deployment of two vessel each of 22,000 DWT (dead weight tonnage) capable of carrying about 700 containers (twenty foot equivalent units). There will be weekly service from Kandla Port via Mangalore, Cochin and Tuticorin," Concor said. The business potential includes transportation of food-grains from FCI; steel from RINL, Tata, Posco and SAIL; cement from Dalmia Bharat, Ultratech, Ambuja and JSW; automobiles from Ashok Leyland, Hyundai, Renault and Nissan besides cotton, fertiliser, sugar, soda ash, ground nut etc. The PSU estimated that even if 10 per cent of the business volume is captured through coastal, it would be around 2,700 TEUs per month. In the first phase, with West Coast operation, Concor is expecting a million tonnes of cargo per annum besides anotehr million tonnes by starting East Coast operations. "After consolidation of Concor's position in western sector, Concor proposes to further expand the services in the eastern sector also duly connecting ports like Kattupalli, Vishakhapatnam, Gangavaram, Krishnapatnam, Paradip and Haldia with Tuticorin as a hub for east and west coasts," it said. Railways Minister Piyush Goyal, who was also present on the occasion, said that with the launch of container movement through coastal shipping, new records were being set. |
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Logistics News |
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Hon'ble Prime Minister inaugurates CONCOR's Multimodal Logistics Park of Balasore, Odisha
Daily Shipping Times - Balasore, January 10 Top |
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The new Multimodal Logistics Park of Balasore, Odisha is developed as a combined (Export Import + Domestic) terminal on 16.533 acres of land. The facility is situated in Baripada, District Balasore. It will facilitate the Export/Import clearance of goods by Customs authorities. The terminal has 2 warehouses, full length rail line, state of the art handling equipment. The terminal is fully connected to Customs EDI network, with Banking Integration, round the clock operations, Security, CCTV cameras and facilitates seamless Customs formalities and documentation. |
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Centre to set up multi-modal logistics park in Panjim
India Setrade News - January 5 Top |
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Panjim is set to be one of the 35 Multi-Modal Logistics Park in the country, according to a reply by the Ministry of Road, Transport and Highways (MoRTH) in the Lok Sabha. According to MoRTH, these logistics parks will enable optimum and efficient vehicular movement in the country and thus lead to reduction in vehicular pollution and congestion, and enable the reduction in warehousing cost. Panjim was earlier identified as a key port along with Mormugao port that is set to be developed under the ambitious Sagarmala Project. Interestingly, the government had also earlier identified a potential railway hub along the railway track near Agassaim Village in the Regional Plan 2021. The 2014 Investment Promotion Policy suggests logistics as one of the major thrust areas. The proposal for an integrated multi-modal logistic hub thus comes as no surprise. However, the exact location of the site is a mystery. Sources in the PWD say that they are unaware of the proposal but state that the most likely site for the park is at Ribandar or Kadamba plateau. Interestingly, an officer also admitted that the proposal is likely to receive a stiff objection from locals. The proposal for the logistic park was approved in October 2017. The Cabinet Committee of Economic Affairs (CCEA) had in-principally approved the development of 35 Multi-Modal Logistics Parks as a part of the National Corridor Efficiency Enhancement Component (NCEEP) of Bharatmala Pariyojana to improve the efficiency of the road freight movement in the country. According to MoRTH, the development of Multi-Modal Logistics Parks in the country will act as freight aggregation and disaggregation centers and will enable a hub-and-spoke model of freight movement, in contrast to the point-to-point freight movement currently prevalent in India. Further, these Multi-Modal Logistics Parks will enable the use of larger trucks/ rail movement between hubs which have lower per-ton-per-km cost compared to smaller trucks. According to MoRTH, the development of Multi-Modal Logistics Park is expected to improve the logistics efficiency of the country, enabling a reduction in logistics costs. "These Multi-Modal Logistics Parks are expected to reduce transportation costs, warehousing costs, congestion and pollution to a significant extent by providing the following key functionalities which will be instrumental in facilitating synchronized, efficient and seamless freight movement in the country giving a boost to industry and employment generation", MoRTH stated in the reply. |
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Indian Port News |
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Major Ports on the growth path Exim News Service - New Delhi, Jan. 6 Top |
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The government is regularly monitoring the port projects for development/expansion of the Major Ports. Port projects such as construction of berths, installation of state-of-the-art equipment, mechanisation of cargo handling system and dredging projects to accommodate large size vessels, etc. help in improving the operational efficiencies at Major Ports. Some of the major policy and procedural steps taken by government in the recent past are: (i) To bring the Major Ports at par with the international standards, a study on benchmarking of efficiency and productivity of Major Ports was carried out. The study has identified 116 port-wise action points/initiatives, of which 91 initiatives have already been completed. (ii) A new Special Purpose Vehicle, namely, Indian Port Rail Corporation Ltd has been set up as a public limited company to undertake last mile rail connectivity projects in Major Ports so as to improve their handling capacities and efficiency. (iii) A new Major Port Authorities Bill to give greater operational freedom to the board of Major Ports in tune with present day requirements has been introduced in the Lok Sabha. (iv) Land Policy Guidelines containing the regulatory framework for land allotment by Major Ports through a transparent auction-cum-tender route has been issued. (v) Model Concession Agreement (MCA) for PPP projects and dredging projects in port sector has been revised. (vi) New Policy for Stevedoring, Berthing and Captive projects has been issued. (vii) Rationalisation of maintenance dredging has been done at Major Ports. (viii) Order dated 2.9.2015 has been issued by the Ministry for relaxation of cabotage for special vessels such as RoRo Hybrid RoRo, Ro Pure Car Carriers, Pure Car and Truck Carriers, LNG vessels and Overdimensional, Cargo or Project Cargo, Carriers, for a period of 5 years from the date of order. (ix) Order dated 21.5.2018 has been issued by the Ministry for relaxation of coastal movement of ex-im transhipment containers and empty containers. (x) Revised Security Guidelines for PPP and dredging projects has been issued. As a result of proactive policy initiatives taken by the Ministry, Major Ports have witnessed following major achievements during 2017-18: (i) Average Turnround Time, which was 82.28 hrs during 2016-17, came down to 64.43 hrs. (ii) Average Output per Ship Berthday improved during 2017-18. It was 15,333 tonnes during 2017-18, whereas during 2016-17, it was 14,576 tonnes. (iii) Major Ports handled 679.37 million tonnes cargo during 2017-18 with a growth of 4.78 per cent over 2016-17. (iv) Around 92 MTPA capacity was added in Major Ports during 2017-18. Total capacity of Major Ports which was 1,359 MTPA during 2016-17 reached to the level of 1,451.19 MTPA during 2017-18. (v) Operating surplus of Major Ports increased by Rs 916.22 crore (Rs.9.16 billion) during 2017-18 over the corresponding period of last year. It was Rs 4,979.58 crore (Rs.49.7 billion)during 2016-17 and Rs 5,895.80 crore (Rs.58.9 billion) during 2017-18. Minister of State in the Ministry of Shipping, Mr Pon. Radhakrishnan, gave this information in reply to a question in Lok Sabha last week, as per a release. |
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JNPT registers much improved performance in 2018 Exim News Service: Navi Mumbai, January 7 Top |
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Crosses record 5 m TEUs in calendar year; achieves highest monthly throughput in Dec. Jawaharlal Nehru Port Trust (JNPT), the number one container port in India, registered an improved performance for calendar year 2018 with significant growth in both container and bulk cargo volumes. The total container traffic handled in 2018 was 5.05 million TEUs, reflecting a 7.24 per cent growth as compared to the previous year. In December 2018, JNPT handled 4.45 lakh TEUs, the highest container volume handled in a month, ever. As regards the ongoing financial year figures (nine months: April 2018-December 2018) figures, the traffic handled was 3.81 million TEUs. With the last quarter of the financial year underway, JNPT is well on course to exceed the performance numbers of 2017-18, emphasised a release. The other interesting performance numbers include bulk cargo growth of 8.41 per cent at 8.57 million tonnes compared to 7.90 million tonnes in the previous calendar year. The share of liquid cargo rose to 7.54 million tonnes in 2018 compared to 7.01 million tonnes in 2017. Taking a closer look at the performance of the four terminals, JNPCT handled 11.79 lakh TEUs, APM Terminals recorded 20.77 lakh TEUs, while DP World (NSICT and NSIGT) handled a cumulative 14.60 lakh TEUs and BMCTPL handled 3.34 lakh TEUs in 2018. JNPT has been consistently improving its volume and turnover as the many trade-friendly measures implemented by the port fully support the ex-im trade community. Several steps under ease of doing business and introduction of Direct Port Delivery (DPD) have substantially contributed to increasing the volume of traffic. Already close to 43 per cent of the cargo handled is routed through DPD, which is not only saving time and cost for the trade, but also elevating JNPT at par with global standards. Another important initiative, inter-terminal movement of TTs, has been used by 6.80 lakh trucks completing 8.52 transactions since the inception of the facility. It has helped the ex-im trade with fuel saving of more than Rs 10 crore (Rs.100 million) and reduced the total trade cost by Rs 203 crore (Rs.2 billion) till date. The 'ease of doing business' initiatives at JNPT have been credited for helping India improve its position in the World Bank's Trading across the Borders ranking from 146 to 80, a jump of 66 points! The overall business growth and efficiency in port operations won many awards for JNPT during the year, among them being Container Handling Port of the Year at MALA 2018. Another noteworthy recognition it received was the National Sectoral Excellence Award-Best Port in India at the 4th ATAL SHASTRA MARKENOMY 2018. JNPT had achieved a record throughput of 4.83 million TEUs for the year ended March 2018 and was also the first port to cross the Rs 1,000-crore (Rs.10 billion) profit mark. Looking at the performance till December, it is well on course to exceed these numbers from the last financial year and close 2018-19 on yet another record high, the release highlighted. |
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Chennai Port drives on Hyundai Motor for volume Daily Shipping Times -Chennai, January 8 Top |
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Despite losing its leading position in car exports to Kamarajar Port some years back, Chennai Port Trust (ChPT) is showing some signs of revival by posting a 22% increase during 2018. "We have been relying on Hyundai Motor India Ltd. (HMIL) for export volume and revenue generation," said a ChPT official. "We came out with aggressive pricing and that also helped us to improve volume," he said. Renews pact Recently, HMIL renewed its export pact with ChPT for the next 10 years with a minimum volume of 50,000 cars per annum. "This is due to the aggressive action plan initiated by our chairman to tackle fierce competition from nearby ports. Car exports volume from ChPT have been on the rise for the last two years," he added. From January to December 2018, ChPT exported almost 1.35 lakh Hyundai cars through 36 vessels against 1.10 lakh cars handled in the corresponding year-earlier period. However, this excludes Hyundai cars exported through containers in knocked-down condition. Comparatively, export volume at Kamarajar Port stood at 1.79 lakh cars against 1.96 lakh cars for 2017. The drop in volume had been attributed to Nissan as it started producing Micra from France for Europe market instead of Chennai. South Korean major Hyundai has been using ChPT for car exports for the past 17 years and currently, it is the major exporter and biggest revenue contributor to the port. Other car manufacturers such as Nissan, Renault, Ford, Toyota, Daimler and Volvo have moved to Kamarajar Port. |
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Deendayal Port & KICTPL create history in the new year by berthing the longest ever vessel Exim News Service - Gandhidham, Jan. 8 Top |
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History was created at Deendayal (Kandla) Port on January 7, 2019 with the berthing of M.V. Zardis at Kandla International Container Terminal Pvt. Ltd (KICTPL). With an LOA of 304.07 metres, this was the longest vessel to ever berth at the port. The vessel was expertly manoeuvred to the berth by the Deputy Conservator of DPT, Capt. T. Srinivas, ably assisted by Harbour Master (I/C) Capt. S. K. Pathak and Capt. Tyagi. M.V. Zardis V. SCP1179W, under the IIX service of IRISL group, made its maiden voyage to KICTPL. The vessel came alongside at 1430 hours on January 7, 2019. In this voyage, she would be loading 1,041 TEUs of export containers to Bandar Abbas. The association of IRISL and KICTPL dates back to April 2017 when the first IRISL vessel M.V. Arezoo V. 1029E berthed on April 15, 2017. Since then there has been regular support of IRISL at Kandla. The current trajectory of developments only reiterates the growing business confidence between IRISL and KICTPL. On this special occasion, Terminal Head, Mr Amardeep Singh Parmar, thanked the Chairman of DPT, Mr Sanjay Bhatia, IAS, the Deputy Conservator Capt. Srinivas and the Harbour Master (I/C) Capt. Pathak and Capt. Tyagi for making this happen. He also thanked the team of IRISL, Deendayal Port Trust and its Marine Department, and also the Kandla Customs for their continuous support to the Kandla International Container Terminal. The arrival of M. V. Zardis at KICTPL has given confidence to the trade that large container vessels could also be handled at Kandla, and would pave the way for Kandla to emerge as a state-of-the-art container terminal fully capable to efficiently handle main line vessels, including carrying out international transhipments. It helps Kandla not only to generate container volumes but also in cost savings as it would greatly benefit scores of shippers, consignees, CHAs and the transport fraternity who are in close proximity to Kandla, as well as those located in the northern and western hinterland of India for whom Kandla is the nearest gateway port, said a release. |
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Major Ports handle more coal in first nine months of fiscal Exim News Service - New Delhi, January 9 Top |
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Major Ports handled 17 per cent more thermal coal cargo, at around 78.24 million tonnes, during the period April to December 2018, as per the latest data by the Indian Ports Association (IPA). Coking coal shipments also went up by 15 per cent, to 42.89 million tonnes, in the first nine months of the ongoing fiscal year, the data showed. Paradip Port handled the highest volume of thermal coal shipments, at 24.39 million tonnes, up 21 per cent, during the period. The highest coking coal shipments were handled by Kolkata Port, at 14.12 million tonnes, up 55 per cent year-on-year, reports said. |
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Disclaimer:
Above information is only indicative and given in good faith. We have collected the above information from various secondary sources. We have tried our best to be as correct as possible. However, we cannot guarantee 100 % accuracy in the above data. Our company / group will not be responsible for any mistakes / inaccuracies which might have crept in inadvertently. |