|
||
|
|
||
|
Policy & Economy News |
||
|
India ranked 52nd in Global Innovation Index 2019 Govt taking steps to further reduce licensing time for exporting sensitive items India will achieve 8% plus growth : NITI Aayog VC India's share in world merchandise exports increased : PHD Chamber |
||
|
Business News - The India Boom Factor |
||
|
Veg. oil imports surge in June Indian dairy sector grows by 6.4% annually in last 4 years: Giriraj Singh India, UAE trade to expand on end-to-end trade solutions : DP World |
||
|
Shipping News |
||
|
First cargo ship carrying 1,000 t of stones from Bhutan arrives in Bangladesh via India OOCL to launch new East India to North Europe service |
||
|
Logistics News |
||
|
Technology Trends in Logistics highlighted at AMTOI event Piyush Goyal updates on Chennai-Bengaluru Industrial Corridor |
||
|
Indian Port News |
||
|
Ongoing projects to boost traffic handling capacity of Mumbai Port & JNPT, says Minister Kolkata Port Trust aims 70 MT cargo handling in FY20 India considers giving Bangladesh access to west coast ports |
||
|
Policy & Economy News |
||
|
India ranked 52nd in Global Innovation Index 2019 Exim News Service - New Delhi, July 25 Top |
||
|
THE Union Minister of Commerce and Industry and Railways, Mr Piyush Goyal, on Wednesday launched the Global Innovation Index (GII) 2019 here. India has jumped five places to improve its position from 57th last year to 52nd in 2019, highlighted a release. Speaking on the occasion, the Minister first congratulated all those involved in the process and said that India has made significant progress to 52nd rank in the GII-2019 and now the culture of innovation is coming centrestage. He said India will continue its efforts to reach upwards to the top 50 ranks in the GII that Prime Minister, Mr Narendra Modi, has set a goal. He further said India will not rest on past laurels until it achieves its target of positioning itself among the top 25 countries of the Global Innovation Index. To achieve this ranking, he urged all stakeholders to work in mission mode. Mr Goyal urged the R&D institutions, universities and private sector to transform the country into a hub of innovation, the release added. |
||
|
Govt taking steps to further reduce licensing time for exporting sensitive items Daily Shipping Times - New Delhi, July 25 Top |
||
|
Mr Vijay Kumar, Additional DGFT, Ministry of Commerce and Industry, Government of India recently said that the Government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use SCOMET items and technologies from India. Speaking at the National Conference on Export Controls 2019 organised by FICCI, Mr Kumar said that the Government has simplified many policies in the last year and strengthened its e-platform to facilitate licencing of sensitive and dual-use exports. "We have been successful in reducing the average time for issuing an authorisation. But still we are not satisfied, and are taking necessary steps to further reduce the time to issue licences," he said. For this, the Government is adopting and adapting international best practices, he said. Further, the government is in the process of reviewing its Foreign Trade Policy and has invited suggestions from stakeholders, he added. |
||
|
India will achieve 8% plus growth : NITI Aayog VC Daily Shipping Times - New Delhi, July 24 Top |
||
|
NITI Aayog Vice Chairman Rajiv Kumar has voiced confidence that India will achieve economic growth of 8 per cent plus from fiscal year 2020-2021 onwards as structural reforms like the GST are set to produce the benefits. Kumar stressed that in the next five, the Modi Government is focussed on accelerating growth from the current about seven per cent to more than eight per cent that will propel the Country to easily achieving the target of becoming a five trillion dollar economy. "I personally think that in the fiscal year 2020-2021 onwards, we will achieve higher than 8 per cent growth, (continuing) then for the next many years. It is just a fact of (growth) taking off," Kumar said. "The foundation has been laid and the transformation has begun with the passing of structural reforms like the Goods and Services Tax, Insolvency and Bankruptcy Code. These have taken their time to settle down and now they'll produce the benefits," Kumar said. |
||
|
India's share in world merchandise exports increased : PHD Chamber India Seatrade News - July 24 Top |
||
|
Amid robust economic reforms, especially reforms in the trade policy environment during the last few years, India's presence in world merchandize exports remains intact and an uptick has been observed in India's share in world merchandise exports from 1.60% in 2015 to 1.68% in 2018, said the Industry body, PHD Chamber of Commerce and Industry in a press statement issued here. Value of India's merchandize exports increased by 22% from USD 264 billion in 2015 to USD 323 billion in 2018 which is the second highest after Netherlands. Merchandise exports of Netherlands registered highest growth at 27%, increased from USD 571 billion in 2015 to USD 723 billion in 2018, said the industry body PHDCCI. Exports from United States increased only 11% from USD 1502 billion in 2015 to USD 1664 billion in 2018 and China's exports grew only 10%, increased from USD 2273 in 2015 to USD 2464 in 2018. Trade tensions between USA and China seems impacted their share of merchandize exports and growth of exports significantly. China's share in world merchandize exports has declined from 13.73% in 2015 to 12.97% in 2018, while USA's share in world merchandize exports has declined from 9.07% in 2015 to 8.65% in 2018. Few of the advanced economies of the top ten World exporters including Germany, Japan, Netherlands and Italy were also able to increase their respective shares in the World exports during the last 3 years from 2015 to 2018. Germany's share in world exports increased from 8.02% to 8.10%, Japan from 3.77% to 3.84% and Netherlands from 3.45% to 3.76% and Italy from 2.76% to 2.84%. However, countries such as Korea, Hong Kong, France and UK faced deceleration in their respective share in the World exports during the same period. Korea's share in world exports has declined from 3.18% to 3.15%, Hong Kong's share from 3.08% to 2.96%, France's share from 2.98% to 2.96% and UK's share from 2.82% to 2.53%. While apprehending about the recent escalation in the trade war between USA and China, the Industry body said that trade wars are not in favour of the world economy; the volume of world exports are likely to shrink if further escalations in trade war between USA and China continue. The further improvement in logistics infrastructure and trade facilitation measures would enhance India's exports growth trajectory and create millions of new employment opportunities, said the Industry body. To harness the export potential of the country, the overall ease of doing exports is needed to be further enhanced in terms of easier access to raw materials, building linkages for strong marketing of products, improving labour productivity, labour flexibility and capital efficiency. |
||
|
Business News - The India Boom Factor |
||
|
Veg. oil imports surge in June
Exim News Service - New Delhi, July 21 Top |
||
|
Vegetable oil imports during June 2019 went up by 6 per cent to 1,105,295 tonnes, as per data from the Solvent Extractors' Association of India, says a report. The data further reveals that the overall import of vegetable oils during November 2018 to June 2019 rose by 2 per cent to 9,868,971 tonnes, against 9,646,538 tonnes in the year-ago period, the report said. India, the world's biggest importer of vegetable oils, primarily ships in palm oil from Indonesia and Malaysia and soya oil from Argentina and Brazil. It also buys small volumes of sunflower oil from Ukraine and canola oil from Canada. The stock of edible oils, as on July 1, 2019, at various ports is about 750,000 tonnes, comprising crude palm oil (CPO) 300,000 tonnes, RBD Palmolein 230,000 tonnes, degummed soyabean oil 80,000 tonnes and crude sunflower oil 140,000 tonnes, besides about 14,00,000 tonnes in pipelines, the report added. |
||
|
Indian dairy sector grows by 6.4% annually in last 4 years: Giriraj Singh
IBEF: July 26 Top |
||
|
In India, the dairy sector has seen a growth of 6.4 per cent annually in the last four years against the global growth rate of 1.7 per cent. The aim is to improve milk productivity per animal further, as per the Minister of Fisheries, Animal Husbandry and Dairying Giriraj Singh. Despite being ranked number one in milk production, the per animal productivity is 1,806 kg a year, although the world average is 2,310 kg. The technologies implemented under Rashtriya Gokul Mission which include embryo transfer technology, creation of facility for sex sorted semen production and genomics selection, would support to expand the productivity. Around 80 million rural Indian households are involved in milk production with very high percentage being landless, small and marginal farmers. To handle the situation of milk adulteration, the department has now approved a scheme to improve laboratories in 313 dairy plants in the country for identifying adulteration in milk. There are 18 states which have central laboratory approved for the cooperative sector. The upcoming National Programme for Dairy Development will include testing for contaminants that would be considered for village level cooperative societies serving to create trust among farmers as well as consumers. Apart from guaranteeing consumption of safe milk, improving laboratories in dairy plants would help to promote export. India by far contribute only 0.01 per cent of the global dairy export market. Standards set by bodies like Food Safety and Standards Authority of India Food Safety and Standards Authority of India s should be stringent about milk adulteration and urged the milk unions not to buy adulterated milk. Milk unions should keep in mind the welfare of farmers and pay attention to feed and fodder and infrastructure for quality clean milk. |
||
|
India, UAE trade to expand on end-to-end trade solutions : DP World
Daily Shipping Times - Dubai, July 22 Top |
||
|
Global trade enabler DP World recently said 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. |
||
|
Shipping News |
||
|
First cargo ship carrying 1,000 t of stones from Bhutan arrives in Bangladesh via India
Exim News Service - Dhaka, July 22 Top |
||
|
In a significant development, an Indian cargo ship carrying 1,000 tonnes of stone aggregates from Bhutan arrived in Bangladesh through India via the Brahmaputra river, greatly reducing travel time and transportation cost. The ship, MV AAI of the Inland Waterways Authority of India, was digitally flagged off by the Union Minister of State for Shipping, Mr Mansukh Mandaviya, on July 12, 2019, said the Indian High Commission in Dhaka in a statement. The ship sailed from Dhubri in Assam and travelled to Narayanganj in Bangladesh over the Brahmaputra river, said a release. |
||
|
OOCL to launch new East India to North Europe service
India Seatrade News - July 22 Top |
||
|
Orient Overseas Container Line (OOCL) will introduce a new Middle East/Indian Subcontinent - North Europe Service (IP3) as an extension of its North Europe service network to the East Indian Subcontinent. The IP3, to be launched in October this year, will be the only dedicated East India to North Europe service in the market, according to OOCL. "It provides extensive coverage of India's East Coast and direct linkage between the Middle East, India, Sri Lanka, Egypt, Greece, Netherlands, United Kingdom, Germany, Belgium and France. It also offers more competitive and reliable services than transhipment options," OOCL stated. The first sailing will begin from India's Vizag on 27 October 2019. The port rotation will be Vizag, Krishnapatnam, Chennai, Tuticorin, Colombo, Cochin, Damietta, Piraeus, Rotterdam, London Gateway, Hamburg, Antwerp, Le Havre, Damietta, Jeddah, Colombo, and back to Vizag. |
||
|
Logistics News |
||
|
Technology Trends in Logistics highlighted at AMTOI event
Exim News Service - MUMBAI, July 22 Top |
||
|
The following technology trends in logistics were highlighted during a presentation made at a panel discussion on "Technology in Logistics-Necessity or Desire", organised on July 16, 2019 by the AMTOI Youth Council here: * The journey to digitise freight has gathered momentum in the last 2-3 years * Proliferation of Freight Platforms gaining popularity, allows many-to-many buyer-seller relationship * With millennials now 50 per cent of the workforce, expectations have changed. There is need for convenient and on-demand digital services. Online Quotations & Freight Booking are gaining preference over traditional methods * New Start-ups are causing disruption by enabling ease of doing business * The talent shortfall is being addressed by creatively adopting Robots, Automation & Artificial Intelligence * There is now increased reliance on Business Intelligence & Analytics to analyse and predict customer preferences and behaviour * Adoption of API-based integration vs traditional EDI approach to provide real-time information * Customer experience needs to be online, self-service, transparent and automated (in short, it should be an Amazon-like experience!) |
||
|
Piyush Goyal updates on Chennai-Bengaluru Industrial Corridor
Daily Shipping Times - New Delhi, July 25 Top |
||
|
The Perspective Plan for Chennai - Bengaluru Industrial Corridor (CBIC) has been completed and three nodes namely. (i) Krishnapatnam (Andhra Pradesh), (ii) Ponneri (Tamil Nadu) and (iii) Tumakuru (Karnataka) have been identified for development. Special Purpose Vehicles (SPVs) for Krishnapatnam and Tumakuru nodes have been incorporated and detailed master planning and preliminary engineering activities are in progress for these two nodes. Land acquisition is responsibility of the respective State Government(s) and following land parcels have been identified for development: (I) Krishnapatnam, Andhra Pradesh (14000 acres) (ii) Ponneri, Tamil Nadu (21966 acres) (iii) Tumakuru, Karnataka (9630 acres) Land acquisition process has been initiated by the concerned State Government(s). Japan International Cooperation Agency (JICA) has prepared the overall perspective plan of CBIC and initial master plan for the identified nodes. Since the project is presently under development stage, completion date of the project cannot be fixed. This information was given by the Union Minister of Commerce and Industry, Piyush Goyal, in the Lok Sabha recently. |
||
|
Indian Port News |
||
|
Ongoing projects to boost traffic handling capacity of Mumbai Port & JNPT, says Minister Exim News Service - New Delhi, July 23 Top |
||
In a written reply to a question in the Rajya Sabha, the Minister of State for Shipping (I/C) and Chemicals and Fertilisers, Mr Mansukh Mandaviya, informed that the present traffic handling capacity of Mumbai Port and Jawaharlal Nehru Port are 78.4 million tonnes and 118.3 million tonnes per annum, respectively. He informed that the ports have taken up several projects to further enhance their capacity. The details of such projects are as shown in the accompanying table. The Minister also informed that JNPT has recently increased its draught from 14 m to 15 m which has enabled it to accommodate vessels of 12,000 plus TEUs capacity, said a communique. |
||
|
Kolkata Port Trust aims 70 MT cargo handling in FY20 Daily Shipping Times - Kolkata, July 23 Top |
||
|
Kolkata Port Trust (KoPT) is aiming at 10 percent growth in cargo handling to 70 million tonne (MT) in the current fiscal, amid constraints faced by the riverine port in the Eastern part of the Country, its Chairman Vinit Kumar said recently. In 2018-19, the port handled about63 million tonne of cargo in its two docks of Kolkata and Haldia, registering nine percent growth over the previous fiscal. "We have set a target of 70 million tonne of cargo handling in 2019-20 (FY20)," the KoPT Chairman said at an informal meeting. Transloading activities by the port has helped the KoPT to prevent diversion of cargo to other ports, situated in Eastern Coast. "Transloading has stabilised and we are hopeful for handling 2.5 million tonne of cargo through this window (transloading) in FY'20, against 1.6 million tonne last fiscal," Kumar said adding that the port can handle up to 5 MT of cargo through the this arrangement. Sand heads and Sagar are two major points from where the transloading activities take place in the KoPT. Trans-loading is a technical term for transferring the cargo mid-sea into smaller vessels for due evacuation through ports. Siltation of the channels restrict the port to attract large vessel into its docks. In order to reduce cost per tonne of cargo, importers usually prefer large size ships. Kumar said the port has taken up projects that will yield results in the short term as the proposed deep sea port projects seem to be remained in a limbo. Apart from transloading, KoPT has decided to restrict non-crude vessels to enter into the berths and instead, will allow unloading of the cargo through a floating pipeline. "Non-crude vessels are smaller in size than bulk cargo ships but turnaround time is almost same for the both. Accommodating more high capacity vessels into berths will increase our total cargo handling," Kumar explained. |
||
|
India considers giving Bangladesh access to west coast ports India Seatrade News - July 22 Top |
||
|
The Indian government is considering providing Bangladesh with access to its Jawaharlal Nehru and Mundra ports on the country's west coast. Capable of receiving large mother vessels, the ports are around 2,000km away from Dhaka, Bangladesh's capital. The connectivity with Bangladesh isn't expected to require additional finance, as several rail projects between the two Asian countries have already begun. The Bangladeshi government is constructing a bridge over the Padma river, which is expected to benefit both countries. Currently, Bangladesh's exports are transported by vessel from the Chittagong port to either Colombo, Singapore or Port of Klang, Malaysia, for transshipment to mother vessels. This is an expensive and time-consuming process. Bangladesh is keen to establish deep-sea ports, but the country's limited cargo potential makes that an unviable proposal given the huge investment required. The Indian government has already offered Bangladesh the right to use the Kolkata port in exchange for access to the Chittagong port. However, sources said that this may not solve Dhaka's problems as Kolkata is a river port and thus cannot accommodate large vessels. The report noted that other Indian ports on the east coast either haven't yet experienced container traffic or are affected by low draft. The Indian government is also building three ports as part of a strategy to attract transshipment traffic from Colombo or Klang. Among those is the proposed $4bn Vizhinjam port by Adani Group. As the construction of the three ports will take time, the Indian government is urging neighbouring countries to use the deep-draft port facilities on the west coast as part of plans to improve the country's attractiveness as a transshipment hub. In addition, customs has implemented the electronic cargo tracking system, facilitating third country containers to pass through without physical checks or delays. Mass investment in rail infrastructure is expected to ease the movement of goods while ensuring that the upcoming freight corridor is viable. Meanwhile, more than 4,000km away, Nepal is preparing for a multi-billion-dollar project for establishing rail connectivity to Chinese ports. |
||
|
--------------------------------------------------------------------------------------------------------------------- |
||
|
|
Corporate Office:
106/107, Technopolis Knowledge Park, Mahakali Caves Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel:+91 22 66775000 Fax:+91 22 66775050 Email:corporate@samsaragroup.com |
|
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. |