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Policy & Economy News |
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India's renewable energy capacity crosses 80GW-mark Govt to reduce licencing time for sensitive, dual-use exports: Additional DGFT |
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Business News - The India Boom Factor |
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India's net import of Chemicals may cross Rs 3 lakh crore (Rs.3 trillion) by 2024-25 India, UAE trade to expand on initiatives like e2e: DP World |
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Shipping News |
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Indian waterway used as transit for the first time to transport cargo between two countries Hapag-Lloyd launches Middle East-India-Africa Express service Key highlights of Sea Cargo Manifest & Transhipment Regulations effective from Aug. 1 New Africa India Middle East service from Oct. New South-East India & Europe service announced |
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Logistics News |
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Draft National Logistics Policy outlines trade growth |
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Indian Port News |
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Sahibganj multimodal terminal to open up alternate route for Nepal-bound cargo Iron ore traffic surges year-on-year during April-June NMPT mulls transporting cars to boost Coastal Shipping |
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Policy & Economy News |
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India's renewable energy capacity crosses 80GW-mark IBEF - July 17 Top |
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The government has set a goal-oriented focus of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy. "The Government is regularly monitoring the advancement being made to accomplish the objective of 175 GW by 2022". "An aggregate of 80.46 GW of renewable energy limit has been introduced in the country as on June 30, 2019 which includes 29.55 GW from Solar and 36.37 GW from Wind control," according to Power and New and Renewable Energy Minister Mr R K Singh. According to India's submission to the United Nations Framework Convention on Climate Change on Intended Nationally Determined Contribution (INDC), a combined electric power limit of 40 per cent from non-fossil fuel-based energy resources is to be introduced by 2030. The government has set an objective of introducing renewable energy capacity of 175 GW constantly 2022. The Ministry also told the House that a sum of 42 solar power parks with a total limit of around 23.40 GW have been approved by the government so far to encourage accomplishment of 100 GW target by March 2022. Out of endorsed capacity of 23.40 GW, power purchase agreements (PPAs) have been marked for around 9.20 GW and out of this, around 6.40 GW of limit has been authorized in different solar parks as on June 30, 2019. |
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Govt to reduce licencing time for sensitive, dual-use exports: Additional DGFT Exim News Service - New Delhi, July 17 Top |
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Mr Vijay Kumar, Additional DGFT, Union Ministry of Commerce and Industry, has said that the government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use products and technologies from India. Speaking at the 3rd National Conference on Export Controls 2019 here on Wednesday, organised by FICCI, Mr Kumar said that the government has simplified many policies in the last year and strengthened the e-platform for licencing sensitive and dual-use exports. "We have been successful in reducing the average time for issuing an authorisation from previous 60 days to 45 days. In some cases, like repeat orders, we have further reduced it to 7 to 10 days. But still we are not satisfied, and we are taking necessary steps to further reduce the time we take to issue licences," he said. For this, the government is adopting and adapting international best practices for its licencing protocol, he said. Further, the government is in the process of reviewing its Foreign Trade Policy and have invited suggestions from stakeholders, he added. Mr Indra Mani Pandey, Additional Secretary (D&ISA), Ministry of External Affairs, said the government is keen to encourage exports of sensitive and dual-use goods and technology but wants to ensure that exports by Indian entities do not reach wrong destinations in wrong hands. Mr Matthew S. Borman, Deputy Assistant Secretary of Commerce for Export Administration, Bureau of Industry and Security, US Department of Commerce, said India's membership of the multilateral export control regimes has led to liberalised treatment of controlled exports from the US to India. Further, he said that with India becoming one of the closest allies of the US, it has become eligible for general authorisation meant for licence exceptions, which will facilitate trade including in the defence sector, said a release. "We have laid the groundwork for continued robust high-tech trade whether its biotech, chemicals, aerospace, defence or space," Mr Borman said. |
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Business News - The India Boom Factor |
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India's net import of Chemicals may cross Rs 3 lakh crore (Rs.3 trillion) by 2024-25
Daily Shipping Times - New Delhi, July 19 Top |
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Going by the current rate at which India is importing chemicals, from slightly above Rs 1,000 crore (Rs.10 billion) in 2004-05 to net import of Rs 1,40,000 crore (Rs.1.4 trillion) in 2018-19, the country's net import of chemicals may cross Rs 3 lakh crore (Rs.3 trillion) by 2024-25, according to P. Raghavendra Rao, Secretary (Chemicals and Petrochemicals), Department of Chemicals & Petrochemicals. India faces a big challenge in meeting its food needs and thus requires a focused attention on various fronts. Speaking at event, organized by FICCI, jointly with the Department of Agriculture and Department of Chemicals & Petrochemicals, Govt. of India, Rao said that India has done well in agrochemicals, but a lot needs to be done. By 2022, India will become the most populous Country in the world overtaking China. And, the rate at which urbanization is taking place, the requirement of food to meet the needs of the Country will be enormous. Rao further added that all stakeholders in the food business from farmers to industry and Government will have to dwell on the challenges and make concerted efforts to address the issues like falling water table, degradation of land and productivity. Though India holds 6th position in the world's chemical sector, its total contribution is 3% of the entire world market whereas China contributes more than 39%. |
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India, UAE trade to expand on initiatives like e2e: DP World
Economic Times - July 17 Top |
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Global trade enabler DP World said Wednesday that it has launched initiatives such as end-to-end trade solutions, which may boost trade and investment between India and the UAE. India is one of the UAE's largest trade partners with bilateral trade amounting to over USD 60 billion and annual growth topping 11 per cent. "The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region," DP World said in a statement. The statement said the recent launch of the India-UAE Bridge initiatives are set to attract trade and investments for both Indian and the UAE, as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. It said DP World remains committed to India's vision of "Make in India", and Dubai's ambition to remain the regions top trading hub and India's gateway to global markets. The e2e solutions delivered under the India-UAE Bridge will support investors through value propositions by leveraging assets and capabilities in both countries, it said. The company added that this aims to enhance access to larger consumer markets through Jebel Ali''s network connectivity being 150 direct ports of call, more than 80 weekly services and a global portfolio of over 150 operations in over 40 countries across six continents. Mohammed Al Muallem, CEO and Managing Director, DP World (UAE Region) and CEO of Jafza, said, "India and the UAE have enjoyed long and enduring cordial business and trade relations over the years, making India one of our top three trading partners. Long-term investment flows in both directions and is the hallmark of trust we place in each other. "We aim to work in partnership with stakeholders to create value and explore opportunities with Jebel Ali Port and Jafza acting as a springboard for investors in both countries." In 2018, DP World''s USD 3-billion joint investment fund with India's National Investment and Infrastructure Fund was set to acquire assets and develop projects in sea and river ports, freight corridors, special economic zones, inland container terminals and logistics infrastructure such as cold storage. |
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Shipping News |
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Indian waterway used as transit for the first time to transport cargo between two countries
Exim News Service - New Delhi, July 14 Top |
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In a first ever movement of its kind, Mr Mansukh Mandaviya, Minister of State for Shipping (Independent Charge) and Chemicals and Fertilisers, last week digitally flagged off a ship of the Inland Waterways Authority of India (IWAI), carrying stone from Bhutan to be delivered in Bangladesh. MV AAI has set sail from Dhubri in Assam and will travel to Narayanganj in Bangladesh, over the river Brahmaputra and the Indo-Bangladesh Protocol Route. This is the first time an Indian waterway is being used as a channel for transport of cargo between two countries, with India being the transit. The stone aggregates were transported by trucks from Phuentsholing in Bhutan, which is 160 km from IWAI's Dhubri jetty in Assam. Till now, Bhutan has been exporting significant quantity of stone aggregates to Bangladesh through the land route. The ship is carrying 1,000 MT of stones; it would have entailed 70 trucks to transport the same cargo by road, said a release. Mr Mandaviya described this as a historic development, which takes ahead the vision of Prime Minister, Mr Narendra Modi, to promote cargo transportation through inland waterways. He said the move will be beneficial to India as well, and will strengthen relations between the neighbouring countries. He pointed out that transportation of cargo through this route will cut short travel time by 8 to 10 days, and reduce transportation cost by 30 per cent, thereby bringing down logistics costs. He added that this development will not only strengthen India's ties with its neighbours, but will also open up an alternate route to the North-Eastern states, making it easier and cheaper to reach goods to the region from other parts of the country. Mr Pravir Pandey, Chairman, IWAI, informed that capital dredging has been carried out to maintain an assured draught in the navigation channel. Maintenance dredging will be carried out as required. At least 10 other National Waterways are under development currently, he said. The government has been taking various initiatives to increase the use of inland waterways and coastal shipping for greater cargo movement. These include providing assured depth in the channels, navigation aids like GPS and River Information System, terminals at regular intervals, facilities for mechanised handling of cargo, etc. Besides, a minimum 40 per cent discount and priority in berthing is being given to coastal vessels at the Major Ports. Licencing relaxations have been made under Section 406 and 407 of the Merchant Shipping Act, 1958 for fertilisers, agricultural products, fisheries, horticultural and animal husbandry products, empty containers and containers being transhipped from another Indian port, special vessels such as RoRo, RoPax, and project cargo/ODC, the release added. |
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Hapag-Lloyd launches Middle East-India-Africa Express service
Daily Shipping Times - Hamburg, July 17 Top |
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Middle East-India-Africa Express (MIAX) to start operations in October 2019. Hapag-Lloyd is expanding its African liner services and will offer its MIAX (Middle East-India-Africa Express) service starting in October 2019. It will include Direct connections between the Arabian Gulf, India, Colombo (Sri Lanka), La Reunion, South Africa and West Africa. "With MIAX, we are expanding our service offerings for the growing African market and integrating the continent even more tightly into our global network. We are pleased to be able to offer our customers even faster and more flexible direct connections in the future," said Mark Wottke, Senior Director Trade Management Africa. MIAX is integrated into the Global Mainline Network with the central ports Jebel Ali (Dubai) and Colombo. Hapag-Lloyd will operate MIAX jointly with Ocean Network Express. A total of 9 vessels with a capacity of 2,800 TEU each, five of which will be provided by Hapag-Lloyd, will be used for the new route. The first departures are scheduled for early October with the following port rotation: Jebel Ali - Mundra - Nhava Sheva - Colombo - La Reunion - Durban - Cape Town - Tema - Lagos (Tincan and Apapa) - Cape Town - Durban - Jebel Ali. |
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Key highlights of Sea Cargo Manifest & Transhipment Regulations effective from Aug. 1
Exim News Service - New Delhi, July 15 Top |
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The new regulations, effective from August 1, 2019, make it compulsory for shipping lines, exporters and importers to adhere to the defined timelines for the Cargo Manifest for imports arriving in India, exports out of India, and transhipment via Indian Ports. Imports to India Shipping lines are required to submit import manifest details to Indian Customs prior vessel departure from last port of call before calling India, for all containers which are going to discharge at any port in India or are discharged for transhipment at any of the ports in India. In order to meet this requirement, Bill of Lading needs to be ready 72 hours prior vessel sailing from last port of call. Exports from India Shipping lines are required to submit export manifest details to Customs prior sailing of vessel from Indian port of loading, for all containers which are loaded on a said vessel from India. In order to meet this requirement, shipping instructions would need to be available 48 hours prior arrival of the vessel at the Indian port of loading, informed a communique. |
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New Africa India Middle East service from Oct.
Exim News Service - Singapore, July 16 Top |
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Ocean Network Express (ONE) has announced details of a new service with direct coverage between Africa, India and the Middle East (AIM). The new product will broaden ONE's already expansive global coverage by offering direct port calls between West Africa, South Africa and key locations in West Asia, it highlighted in a release. The AIM service, launched through a joint cooperation with Hapag-Lloyd, will commence from October 2019 with 9 ships of nominal 2,800 TEUs. The new service will offer market-leading transit times between the West Asian ports of Jebel Ali, Mundra, Nhava Sheva and Colombo and African ports of Durban, Cape Town, Tema, Tincan and Apapa, the release added. The Africa India Middle East (AIM) service rotation is as follows: Jebel Ali - Mundra - Nhava Sheva - Colombo - Durban - Cape Town - Tema - Tincan - Apapa - Cape Town - Durban - Jebel Ali |
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New South-East India & Europe service announced
Exim News Service - Shanghai, July 18 Top |
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COSCO SHIPPING Lines has announced the launch of the IEX service between East India and North Europe from Vizag on October 26, 2019. The service, connecting four other ports in South-East India, will be operated in collaboration with Yang Ming (IEX), ONE (IO3), OOCL and Hapag-Lloyd, informed a release. This service will provide direct callings between East India and North Europe and especially opens up new development opportunities for customers located in Vizag, Krishnapatnam and Tuticorin. Meanwhile, COSCO SHIPPING Lines will leverage the major hub of Piraeus to offer comprehensive coverage of the Black Sea and Adriatic, along with swift transit to Central Europe and the Balkans by Land-Sea Express service, the release said. The service will comprise 9 x 6,500-TEU vessels operating on a fixed-day weekly rotation, as follows: Vizag - Krishnapatnam - Chennai - Tuticorin - Colombo - Cochin - Damietta - Piraeus - Rotterdam - London Gateway - Hamburg - Antwerp - Le Havre - Damietta - Jeddah - Colombo - Vizag. With this new launch, COSCO SHIPPING Lines will be able to significantly reinforce its East India and Europe offer, providing more unique coverage and diversified network to its valued customers, the release added. |
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Logistics News |
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Draft National Logistics Policy outlines trade growth
Exim News Service - New Delhi, July 16 Top |
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The policy provides the much-awaited clarity in strategies to transform Indian logistics into an organised sector with a consolidated problem-solving approach. However, a time-bound definitive execution plan by the government is mandatory to achieve its desired objective and extract the underlying benefits, says an analysis by Mr Chandranath Dey, Head of Industrial Operations, Business Development, Industrial Consulting & Supply Chain Consulting, JLL. He points out that the logistics sector in its current form is a complex puzzle for the industry to optimise cost and delivery time. The much-awaited Logistics Policy highlights the vision to transform India's logistics sector into an integrated, seamless, efficient, reliable, cost-effective and technology-driven ecosystem. It is expected to bring down logistics cost from 14 per cent to 10 per cent of GDP, and the appropriate execution of the policy, hopefully, can create a supply chain environment for achieving its desired efficiency and effectiveness. The logistics and warehousing sector has entered a new growth phase and continues to evolve. From getting infrastructure status in late 2017 to an increase in investments in 2018 it received as a result of the status, has led to growth and expansion. Having realised the growth potential of the sector, the government wishes to institutionalise the market. Its newly drafted National Logistics Policy aims to do just that. It is worth mentioning that the Logistics Plan is now the most important element in bridging the gap between producers and consumers. It deals with extensive location, range, diversified distribution chain, several layers of human intervention and diversity in product type. The ultimate goal is to optimise time and cost to be competitive and maintain customer satisfaction. However, the sector in its current form is a complex puzzle for the industry. The government defines the country's logistics sector as highly fragmented. Currently, the sector comprises of four Ministries (Railways, Road Transport and Highways, Shipping and Civil Aviation), ~100 Government bodies[1], 10,000+ Commodities and 12 million employees. And the sector operates with several organised and unorganised operators and services providers. Under this complex platform, the Ministry is set to notify a common vision and goal for creating a cooperative environment for the sector. What is the opportunity? The timing for introducing a National Logistics Policy for the sector is perfect. However, there is a need to implement and work on it. Union Budget 2019-20 laid special focus on the development of Transit Oriented Development (TOD) zones and waterways for transporting cargo in the country. This will boost multimodal access in the country. The development opportunity is huge. India is ranked as the 7th largest land area and second highest population base[2] and is one of the fastest-growing economies. India's logistics sector is currently valued at $ 160 billion and is expected to be $ 215 billion by 2020[3]. Road and railways are the key modes of transportation, comprising 90 per cent of the total cargo[4] transportation. India has 5.5 million km road network (globally second largest) and 11,500 km rail network (globally third largest). Considering that India is on its way to a $ 5-trillion economy by 2025[5], the sector requires robust transformation in the transportation system to optimise delivery time, cost and handling time. The sector is gaining its due importance for the last few years due to GST reforms, increasing income base, fast-changing consumption pattern, rapid industrialisation and is attracting foreign investment. However, the policy has its implementation challenges. There are challenges which have been acting as bottlenecks for the sector historically and might be a major hurdle for it to meet the desired goal if not addressed properly: * Unorganised players: Unorganised players dominate the sector. Probably a 'RERA' like norm applicable to warehousing sector might be beneficial to bring in much needed transparency. * Poor last mile connectivity: Non-paved roads, lack of maintenance, inter-sections on highways are a few bottlenecks. The 'Sponsored Logistics Fund' as proposed in the Draft Logistics Policy can be utilised in development of 'last mile connections' to large warehousing/hub locations of importance. * Lack of professionalism at human interventions: Setting up training centres/skill upgradation centres in this domain would be helpful in easing out the concerns in this spectrum. * Monitoring the execution of the policy requires special attention: Special nodal agency should be there to monitor and evaluate the project progress in a time-bound manner. * Easing out land acquisition hurdles: Land acquisition remains the biggest challenge. While the government has shown proactive steps in the recent Union Budget, to identify land parcels for this purpose, it does not address the concerns around certain local norms like 'ULCRA' in West Bengal or 'Zoning Restrictions' in Maharashtra which are significant hindrances in acquisition, aggregation and conversion of land. Appropriate execution of the policy hopefully can create a supply chain environment for achieving its desired efficiency and effectiveness, the analysis stressed. |
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Indian Port News |
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Sahibganj multimodal terminal to open up alternate route for Nepal-bound cargo Exim News Service - New Delhi, July 16 Top |
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The completion date of the Multi-Modal Terminal (MMT) being constructed at Sahibganj in Jharkhand on River Ganga (NW-1), under the Jal Marg Vikas Project is August this year, the Minister of State for Shipping (I/C) and Chemicals and Fertilisers, Mr Mansukh Mandaviya, has informed Parliament. He added that the Sahibganj MMT is strategically located in the logistics chain of the Eastern Transport Corridor, and being close to both NH-80 and the Sakrigali railway station, it is expected to boost cargo movement in the area, leading to extensive socio-economic and industrial development of the region. It will also provide an alternate route for Nepal-bound cargo and open up international markets for sea trade for the landlocked states of Jharkhand and Bihar. The Minister further informed that the projected traffic volume of Sahibganj MMT is 2.24 million tonnes per annum (mtpa) by 2020-21 and the major cargo expected to be handled are stone chips, coal, cement, foodgrains, fertiliser and sugar, said a release. |
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Iron ore traffic surges year-on-year during April-June Exim News Service - New Delhi, July 17 Top |
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Due to a revival in export demand for the key steelmaking ingredient, iron ore traffic has staged a comeback after a year of deceleration in 2018-19, which saw a decline in shipments by 16 per cent. As a fallout of de-growth in iron ore cargo in the last fiscal, many Major Ports dependent on the commodity had to contend with muted growth in cargo throughput, says a report. However, at the end of June in FY20, all Major Ports, with the exception of Mormugao Port, saw their iron ore volumes mounting. Mormugao was impacted by the mining ban in Goa and curbs clamped on ore from Karnataka, as per the report. Kolkata saw its iron ore cargo handling, including pellets, soaring more than three-fold between April and June. Paradip port's iron ore shipments spiked by 70 per cent during the period. Visakhapatnam had a 41 per cent growth in the commodity. Moreover, coking coal shipments moving through the Major Ports logged a robust growth of 16.88 per cent. Container cargo measured in TEUs grew by seven per cent, said the report. |
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NMPT mulls transporting cars to boost Coastal Shipping Daily Shipping Times - Mangalore, July 16 Top |
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New Mangalore Port Trust is planning to promote the movement of cars in containers to boost its Coastal Shipping business. Currently, the port handles the Coastal Shipping to the tune of 7 million metric tonnes per annum and it plans to scale it to 10 million metric tonnes. Port Trust Chairman A V Ramana said NMPT, to promote Coastal Shipping, has increased the free time on cargo from 7 to 15 days and priority berthing is provided to Coastal Shipping vessels. The port is also in strategic dialogue with CONCOR (Container Corporation of India) which has entered into the business after Railways. "It is a good thing that they have entered into Coastal Shipping," Ramana said Another potential area for the port to enter into is moving of cars through containers. There are many car companies in Tamil Nadu in the East Coast of the Country. Car traders in the state depend upon trucks for transporting cars which could be carried out in Coastal Shipping. The containers that return empty can be utilised to bring cars from the East Coast, which will turn out cheaper for the traders, he opined. "Instead of carrying empty containers, the vessels can bring cars - say two cars in a container - which is cheaper for vessel operators as well as car traders," he pointed out. The port trust will have a trade meeting with the stakeholders in future to probe the possibilities, he said. The Coastal Shipping route is from Gujarat - Maharashtra - Goa - Karnataka and Kerala in the West Coast and towards Tamil Nadu in the East Coast. The main cargo coming to NMPT is tiles and wheat. |
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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. |