Samsara Newsletter

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Week 31, 2019 (Jul 27 - Aug 02)

Policy & Economy News

India received highest-ever FDI at US$ 64.37 billion

India is only major Asian Nation that's growing its export share : RBI Governor

Exports must contribute $ one trillion to the economy: Piyush Goyal

Business News - The India Boom Factor

MoU between India and Maldives for Cargo Services : Mansukh Mandaviya

Growing at 10 per cent, Telangana exports touch USD 7.38 billion

Cotton imports set to double amid shortage for 2018-19 season

India likely to import 2.5 million tonne palm oil from Malaysia

Shipping News

IWAI aims 120MT Inland Waterways cargo movement by 2023

Sea Cargo Manifest & Transhipment Regulations come into effect

Logistics News

Railways parcel business to get boost, Amazon roped in to transport goods

Kolkata emerging Top Warehousing Hub in India : Experts

Indian Port News

Essar Port's 50 MTPA Hazira Terminal sees 22% third-party cargo growth in Q1

V.O.C Port created new record in a day handling highest parcel size

Essar Port's Vizag Terminal registers 45% cargo growth; triples third-party cargo handling

JNPT & terminals ink new MoU for Inter-Terminal Rail Handling Operation

Policy & Economy News

India received highest-ever FDI at US$ 64.37 billion
IBEF: July 31, 2019 Top
"In FY19, the country enlisted most raised ever FDI inflow of US$ 64.37 billion".

Featuring the significance of FDI, it said the foreign inflows get resources, the most recent technology and best practices to drive financial growth on to a higher direction.

The Department for Promotion of Industry and Internal Trade (DPIIT) under the commerce and industry minister further said path breaking change measures attempted during the last financial year have resulted in India outperforming the FDI received in 2016-17 and enrolling an inflow of US$ 60.98 billion during 2017-18.

When Prime Minister Narendra Modi-led NDA government assumed power in 2014-15, the FDI inflows was US$ 45.14 billion. And the inflows were US$ 55.55 billion in the following year.

India is only major Asian Nation that's growing its export share : RBI Governor
Daily Shipping Times - Mumbai, August 02 Top
The only major Asian economy that's grown its export share since the start of the tariff wars in 2018.

India's share of world exports rose to 1.71% in the first quarter of 2019 from 1.58% in the fourth quarter of 2017, data compiled by Bloomberg show. The share of every other economy among Asia's 10 biggest exporting nations fell in the same period.

Part of the reason for India's outperformance is that it's not as integrated into global manufacturing supply chains as peers, which means exporters are cushioned from rising trade tensions in the region.

It's a sentiment that was flagged by Central Bank Governor Shaktikanta Das in a recent interview.

"India is not part of the global value chain," he said. "So, U.S.-China trade tension does not impact India as much as several other economies."

China is the biggest buyer of goods from South Korea and Japan, whose share of world exports have fallen the most in Asia. For India, China is the third-largest market, after the U.S. and the U.A.E.

"Our biggest advantage is that our product basket and market basket are both quite diversified," said Rakesh Mohan Joshi, a professor at the Indian Institute of Foreign Trade in Delhi.

Trade tensions between the U.S. and China have given India an opportunity to ramp up exports to both countries, according to Ajay Sahai, Director General and Chief Executive Officer of the Federation of Indian Export Organisations.

India's exports to the U.S. grew at the fastest pace in six years in the year ended March 2018, while exports to China surged 31%, the second highest annual pace of growth in more than a decade, data from India's Ministry of Commerce show.

"China is more willing to give market access to India than ever before," said Sahai, pointing to increased access for products such as rice, fruits and vegetables, with potential for greater exports of pharmaceuticals and automobile components to China.

On the other hand, India's exports to the U.S. could lose momentum. President Donald Trump has criticized India for its tariffs on U.S. products, and withdrew trade concessions on $6.3 billion of Indian goods on June 1. India responded with higher tariffs on about 30 American products.

Exports must contribute $ one trillion to the economy: Piyush Goyal
Exim News Service - New Delhi, Aug. 1 Top
The Commerce and Industry Ministry and the Federation of Indian Export Organisations (FIEO) organised an interactive session on emerging opportunities to enlarge India's exports to the US and China recently in New Delhi. The session was attended by the Commerce and Industry Minister, Mr Piyush Goyal, Minister of State for Commerce and Industry, Mr Som Parkash, Commerce Secretary, Mr Anup Wadhawan, FIEO President, Mr S. K. Saraf, and officials of the Department of Commerce and several others, said a release.

While inaugurating the interactive session, Minister of State for Commerce and Industry, Mr Som Parkash, urged exporters to utilise this window of opportunity that has opened up due to tariff escalation between the US and China. Further, the Minister said that manufacturers must build capacity and make the most of the opportunity that is now available to the country to enlarge its exports to both the US and China.

Mr Piyush Goyal said that in order to achieve the target of $5 trillion economy, India's exports will have to contribute at least $ one trillion. He urged manufacturers and exporters to come forward with data and details which directly and indirectly add to the cost of the products that are being exported, like cess paid on coal, electricity and royalty paid on mines. All this adds up to the cost of the export product per unit basis, he added.

The Commerce and Industry Minister said that the Ministry is working on making India's export products competitive and simplifying rules and regulations for easy availability of export credit.

He urged the ex-im community to flag issues regarding availability of land, labour, common effluent treatment plants, cluster development and logistics support required in ports, airports and Customs to the Ministry so that it is able to iron out the issues impeding India's exports and facilitate the exporters to take maximum benefit from the tariff escalation between the US and China.

The Department of Commerce took the initiative to identify and share with Indian exporters and other stakeholders, specific lines where the US would lose competitiveness in China and India has export potential, and encouraged them to seize this opportunity. Several B2B meetings with Chinese buyers were facilitated through the Indian Embassy in Beijing, in addition to inviting Chinese grape buyers to visit Indian grape farms and related units, under the aegis of APEDA, the release said.

Business News - The India Boom Factor

MoU between India and Maldives for Cargo Services : Mansukh Mandaviya
Daily Shipping Times - New Delhi, July 31 Top
Shri Mansukh Mandaviya, the Minister of State for Shipping (I/C) and Chemical & Fertilizers informed that India and Maldives had signed a Memorandum of Understanding (MoU) on Passenger and Cargo Services in Male last month. The objective of the MoU is to improve people to people contact between the two countries by providing an alternate, direct and less expensive means for transport for passengers and goods. It also aims to advance economic, social and cultural ties between the two countries.

Shri Mandaviya informed that the MoU envisaged a regular passenger and cargo ferry service between Kochi in India and Male/Kulhudhuffushi in Maldives, or any other ports mutually agreed upon. A feasibility study is also being undertaken to ascertain the trade/ cargo potential, infrastructure/ superstructure facilities, vessel deployment and service pattern etc, and further action would be taken based on the findings of the feasibility study, the Minister informed.

Growing at 10 per cent, Telangana exports touch USD 7.38 billion
Daily Shipping Times - Hyderabad, July 30 Top
Exports from Telangana registered a growth of 10 per cent in the year 2018-19 as compared to the previous year, standing at $7.38 billion. This was announced by Israr Ahmed, the Southern region Head of the Federation of Indian Export Organisations (FIEO) while speaking at a seminar on the various issues and prospects of exports from the State, held in Hyderabad.

While the 10 per cent year-on-year growth of exports is encouraging, Ahmed pointed out that more than half of the exports from the State, worth around $4.2 billion, were from the organic, chemical and pharmaceutical sectors, indicating a need for promoting exports in other industrial sectors as well.

Speaking on the same, Director General and CEO of FIEO Dr Ajay Sahai said that the State needed to diversify its exports and must focus on some key sectors wherein it had high potential, such as the defence and aerospace. In fact, there are many companies from these sectors operating out of the city. He also highlighted the need for looking towards other areas like agriculture, food processing, natural stones and developing the in-house capability for valuation of cotton to boost exports.

Cotton imports set to double amid shortage for 2018-19 season
Daily Shipping Times - New Delhi, August 02 Top
India's cotton imports are set to double amid crop shortfall for the 2018-19 season which ends in September.

While cotton industry estimates imports to cross 30 lakh bales (each of 170 kg) for the season, double from 15.8 lakh bales reported last year, trade sources believe that cotton import shipments will be restricted to around 25 lakh bales as against estimated imports of 31 lakh bales.

Delayed shipments

"Out of the total contracted imports of 27 lakh bales for the season, about 14 lakh bales have already arrived at Indian ports till July-end, while additional 10-11 lakh bales are estimated to arrive by September. There is some delay in several shipments, due to which about 2-3 lakh bales are likely to arrive in October," said Atul Ganatra, President, CAI. CAI had estimated 31 lakh bales of cotton imports for the year.

On the other hand, cotton prices will rule higher even amid increased imports as the shortage of fibre is likely to cause supply crunch till the beginning of the next season after October 2019. Trade estimates prices to hover between Rs.44,000-46,000 a candy of ginned cotton (each of 356 kg).

The 2018-19 cotton crop is estimated at over a decade-low at 312 lakh bales. This prompted industry to look for cotton from global suppliers such as the US, Brazil and African Countries.

India likely to import 2.5 million tonne palm oil from Malaysia
Daily Shipping Times - Mumbai, August 02 Top
India is likely to import 2.5 million tonne palm oil from Malaysia following its 5 per cent preferential duty on the edible oil, Malaysian Palm Oil Council CEO Kalyana Sundram said.

"In 2018, India had imported 2.18 million tonne from Malaysia. This year due to our 5 per cent preferential duty on palm oil, we are expecting it to go up to 2.5 million tonne," Sundram said on the sideline of the 6th Malaysia-India Palm Oil Trade Fair and Seminar (POTS) here.

He said, India consumes 20 million of oils and fats and produces 10 million tonne, the rest are imported. "We see huge potential for palm oil in India," he added.

Speaking on the occasion, Malaysian Primary Industries Minister Teresa Kok said, the total trade between Malaysia and India has increased by 2.2 per cent to USD 15.56 billion in 2018 from USD 14.29 billion in 2017, which mainly comprised of palm oil, oils and gas, automobiles, chemicals, and finished goods.

Shipping News

IWAI aims 120MT Inland Waterways cargo movement by 2023
Daily Shipping Times - New Delhi, August 02 Top
Inland Waterways Authority of India (IWAI) recently said it aims to increase cargo transportation through this mode to 120 million tonne by 2023 from the current 72 million tonne.

IWAI officials said it continues to make crucial interventions that would pave the way for eco-friendly cargo movement on the national waterways.

In this endeavour, the National Waterway-1 is important and IWAI is creating necessary infrastructure to falicitate private investors to rope in the fuel-efficient transport mode, they said.

Adani Logistics, as part of a pilot project, is carrying the largest container cargo in the NH-1 from Haldia to Patna, an IWAI official had said.

The company's inland vessel MV Bhavya began sailing recently from Haldia docks with 52 containers of edible oil. The vessel was formally flagged off from Kolkata's Garden Reach Jetty-II by IWAI Chairman Pravir Pandey, Chairman of Kolkata Port Trust Vinit Kumar, along with Adani Ports officials.

The vessel will reach its destination in 9-10 days covering a distance of 955 km. A number of cargo owners including PepsiCo, Emami Agrotech, IFFCO Fertilisers, Dabur India have already come on board inland waterways.

The movement could be made possible as IWAI has put a "robust ecosystem of fairway, berthing, pilotage, river information systems and night navigation facilities on river Ganga", IWAI officials said. "Maintenance dredging is being carried out on the NW-1 to ensure the least assured depth of three metres," they said.

Sea Cargo Manifest & Transhipment Regulations come into effect
Exim News Service - New Delhi, Aug. 1 Top
Brings about major change.

As per the Central Board of Indirect Taxes & Customs, the Sea Cargo Manifest and Transhipment Regulations have come into force from August 1, 2019.

Customs is rolling out their new version of EDI system SCMTR, 2018, with effect from August 1, 2019 which will supersede the present EDI system ICES version 1.5, and will be totally replaced by a new pattern of SAM, SDM and ATM in place of IGM, EGM and SMTP, said a communique.

It supersedes:

* Import Manifest (Vessels) Regulations, 1971

* Export Manifest (Vessels) Regulations, 1976

* Transportation of Goods (through foreign territory) Regulations, 1965 It introduces:

* SAM - Sea Arrival Manifest in place of IGM (Import General Manifest), required to be filed into Customs portal prior to the departure of the vessel from the last port).

* SDM - Sea Departure Manifest in place of EGM (Export General Manifest), required to be submitted to Customs prior to the departure of the vessel from the load port)

* Arrival Transhipment Manifest in place of SMTP

* Departure Transhipment Manifest in place of Truck Summary

Mandatory Data Elements in BL description

These Mandatory Data Elements are a MUST in BL description to be filed in the Sea Arrival Manifest:

1. Cargo wise HS code: - 6 Digit HS code and HS code wise cargo description updation in BL

2. Invoice Value: - Invoice Value of Consignment with currency code

3. IEC Code: - Actual Importer IEC Code No. (Import & Export code)

4. GST No: GST Identification number of Actual Importer

5. PAN Number of Notify Party (if the Notify Party resides in India)

Important Notes

1. Confirm bl data requirement:- Bill of Lading must be confirmed latest by 3 working days prior to the sailing of vessel from the Last Port of Call.

2. In case of shipment consigned to the bank or to order, the notify party column must stipulate the actual consignee name and details plus require details in Serial No. 1 to 5 as above in BL description column.

3. If forwarder is involved: Booking through forwarders from POL and forwarder issues their HBL (House Bill of Lading)-in which case, the Master B/L shows the forwarders name as consignee.

The forwarder, in turn, submits their HBL for Customs manifest submission. Forwarder's local agents should submit POD agents of their HBL before the manifest deadline which is 3 days before departure from last port of call. Failure to do so, POD agents will be forced to submit manifest with B/L data received from the Port of Loading. This procedure may attract fine/penalty for amendment of Customs manifest. The cost and consequences for any amendment will be on consignee/forwarders account.

4. The consignee/CHA/forwarder should also notify at least 3 days before departure from last port of call if Direct Port Delivery (DPD), desired CFS-related details for smooth Customs manifest filing.

5. Needless to state, any non-compliance to the above requirements within agreed Customs manifest deadline, will lead to incomplete filing of manifest. All amendments, thereafter, for non-compliance shall be done at risk of the consignee.

6. Any amendment after the 1st submission (prior vessel sailing from POL) will be subject to Customs penalties at POD even if vessel has not arrived at POD.

This notification is set to drastically change documentation, operation timelines, and there are penalties if not complied with. All stakeholders will have to comply. From August 1, there is a 45 day trial period and then another 45 day grace period. From November 1, 2019, penalties will be imposed for non-compliance.

Logistics News

Railways parcel business to get boost, Amazon roped in to transport goods
Daily Shipping Times - New Delhi, July 31 Top
The railways parcel business is all set to get a boost with the national transporter roping in e-retail giant Amazon to transport its goods by train.

According to a Railway Board letter issued earlier this month, as a pilot project the railways will give Amazon space in two of its premium trains - the Sealdah Rajdhani and the Mumbai Rajdhani for a period of one month, which could be extended to three months depending on the feedback received.

According to the agreement, zonal railways will earmark a space of 2.5 tonnes in the parcel van of the trains for loading/unloading of Amazon India consignments and the remaining space of 1.5 tonnes will be for railways.

Amazon will, however, pay freight charges equivalent to the highest lease rate on the same train on pro-rata basis. One month advance freight charge will be levied on the e- commerce company by the railways.

Kolkata emerging Top Warehousing Hub in India : Experts
Daily Shipping Times - Kolkata, August 01 Top
West Bengal, particularly Kolkata and its suburbs, is fast emerging as one of the major warehousing and logistics markets in India. According to sources, deals worth 500-700 crore (5-7 billion) are already in different stages of discussions or are being inked. Kolkata and the suburbs took up warehousing space to the tune of 3.5 million square feet last year (in 2018).

Some of the areas that are fast turning out to be the hotbeds, include those along the National Highway 2 (Delhi Road) and National Highway 6 (Bombay Road). As per sources, some 500 acres of land across villages along the Delhi Road and Bombay Road areas are under negotiations.

In fact, logistics-focused global PE funds and developers such as Morgan Stanley, ESR (backed by Warburg Pincus), Allcargo Logistics, Indospace, Embassy and others are the ones puttingin big money.

The Delhi Road, Old Delhi Road and Bombay Road areas are around 30-40 kms from the city and covering districts of Howrah and Hooghly.

Apart from proximity to the city, Kolkata in this case, these places are well connected to the North Indian States on one side and with the other Eastern and North Eastern ones on the other. Naturally, most areas along the highways are being looked into by developers and PE funds.

Real estate consultants JLL had in a 2018 report stated that in between 2018 and 2020 there will be 4,300 crore (43 billion) of investments in warehousing and logistics in the state.

The major customers who have come-in include FMCG players, and e-commerce companies such as Flipkart and Amazon. This apart, a host of 3PL players, like Mahindra Logistics, are also taking up space or across upcoming logistics parks.

Kolkata warehousing market clocked in 0.4 million sq m (4.7 million sq ft) absorption in 2018. The sudden surge in demand for warehousing space in Kolkata over 2017 led to a massive 191 per cent year on-year (YoY) growth in total leasing making it the highest across the top eight cities in India.

Indian Port News

Essar Port's 50 MTPA Hazira Terminal sees 22% third-party cargo growth in Q1
Daily Shipping Times - Hazira, July 31 Top
* Cargo handling increases to 7 MT in Q1FY20-up by 2.9% from 6.8 MT in Q1FY19

* Third-party cargo volume grows to 1.1 MT in Q1FY20-up by 22.2% from 0.9 MT in Q1FY19

* Share of third-party cargo in overall cargo volumes goes up to 15.7%

Essar Bulk Terminal Ltd (EBTL), that operates the 50 MTPA Bulk Terminal in Hazira, Gujarat, announced a 22 percent growth in its third-party business in the quarter ending 30 June 2019. The Company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7%.

There is a significant upswing in the region's economic activity and the Hazira terminal is well placed to capitalise on the opportunity. The focus on operational efficiencies and increase in third-party cargo will be major catalysts in fuelling future growth. Essar Ports is one of India's largest private sector port and terminal developers and operators. It has invested Rs 11,000 crore (Rs.110 billion) in developing five world-class terminals in three Indian States. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India's port capacity. The Company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.

All Essar Ports terminals use advanced cargo handling infrastructure and are equipped to double capacity in the near to medium term. The Company is therefore focussed on not only enhancing cargo throughput, but also on ramping up capacity and contributing meaningfully to the Government of India's ambitious target of developing 3,130 MT of port capacity in the Country by 2020.

V.O.C Port created new record in a day handling highest parcel size
Daily Shipping Times - Tuticorin, July 30 Top
V.O.Chidambaranar Port Trust, the vibrant sea Port of South India created a newrecord by handling 1,80,597 Tonnes of Cargo in a Single Day on 27.07.2019 surpassing the pervious Single Day record of 1,77,639 Metric Tonnes on 16.11.2017.

The Major Cargoes that contributed to the achievement are Coal (79,230 Tonnes), Containerized Cargo (52,200 Tonnes / 2,900 TEUs) and General Cargoes (49,167 Tonnes).

On 25.07.2019, V.O.Chidambaranar Port had berthed a vessel with highest Parcel Size of 85,224 Tonnes. The Cyprus flagged vessel 'MV KMAX EMPEROR' with Length of 229.50 metres, beam of 36.92 metres and draft of 14.20 metres arrived from the Port of Mina Saqr, United Arab Emirates (UAE) with 85,224 Tonnes of Lime Stone destined for Eastern Bulk Trading, Chennai. Previously, the highest parcel size vessel 'MV SFAKIA WAVE' with 84,502 tonnes of Limestones was handled at the Port on 11.02.2019.

V.O.Chidambaranar Port felt the surge in Container Traffic due to various promotional measures taken by the Port as well as by the improved efficiency of the container Terminals by the Terminal Operators.

Shri T.K. Ramachandran., I.A.S., Chairman, V.O Chidambaranar Port Trust, while thanking all the stake holders, Officers and the employees of the Port who have contributed to achieve this synergistic record, conveyed that this Port is continuously striving to achieve improvement in overall performance of the Port in order to attract more volume of Cargo throughput.

Essar Port's Vizag Terminal registers 45% cargo growth; triples third-party cargo handling
Daily Shipping Times - Mumbai, August 02 Top
Essar Vizag Terminal Limited (EVTL), that operates the 24 MT (million tonne) Vizag terminal, which is India's largest integrated iron ore handling complex located on the outer harbour of Visakhapatnam Port, has announced a 45% growth in overall cargo throughput in the quarter ending 30 June 2019.

The significant growth in overall cargo was primarily driven by a sharp rise in third-party cargo, with volume more than tripling when compared with the corresponding quarter in FY 2018-19. Cargo volumes from the anchor customer increased by 5.6% over the same period. The share of third-party cargo in the overall cargo volumes grew to 40.6%

Competitive advantage through the high degree of mechanisation at the terminal and the state-of-the-art cargo handling equipment that helps ensure rapid turnaround times have been the key drivers for attracting new clients. Essar Ports is one of India's largest private sector port and terminal developers and operators. It has invested Rs 11,000 crore (Rs.110 billion) in developing five world-class terminals in three Indian states. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India's port capacity.

The Company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.

All Essar Ports terminals use advanced cargo handling infrastructure and are equipped to double capacity in the near to medium term. The Company is therefore focussed on not only enhancing cargo throughput, but also on ramping up capacity and contributing meaningfully to the Government of India's ambitious target of developing 3,130 MT of port capacity in the Country by 2020. Outside India, Essar's Port assets include a liquid terminal in the UK and a coal berth in the development stage at Mozambique's Beira Port.

JNPT & terminals ink new MoU for Inter-Terminal Rail Handling Operation
Exim News Service - Mumbai, July 29 Top
Jawaharlal Nehru Port Trust (JNPT), the number one container port in India, took a major step in the larger interest of the ex-im community by facilitating a MoU (Memorandum of Understanding) signing for a new Inter-Terminal Rail Handling Operation (ITRHO) agreement, between all the terminals at JN Port here on July 29, 2019.

There was an ITRHO MoU signed in 2007 between the then existing three terminals JNPCT, NSICT and GTI for the handling of mixed ex-im rail containers. However, with two new terminals, NSIGT and BMCT coming up, the incumbent MoU seemed redundant. Moreover, JNPCT, NSICT and GTI terminal rail lines are in a close proximity to each other, whereas BMCT rail lines are at an average distance of 5 km from JNPCT, NSICT and GTI lines. Hence, the additional cost factor due to the large distance was a major hindrance to the ITRHO movement between BMCT and other terminals. Hence, a new ITRHO agreement was designed and agreed upon by all terminals (NSICT, GTI, NSIGT and BMCTPL) and will come into effect from August 1, 2019.

The ITRHO agreement aims to maximise train placement, track productivity, efficiency, cost-effective handling, reduce dwell time of import ICD boxes, connecting export ICD boxes to respective terminals in time and also increase rail quotient at JNPT.

The MoU clearly defines the role and responsibilities of the 'Handling Terminal' and the 'Receiving Terminal' to ensure safe and timely movement of the import and export rail containers along with the requisite guidelines to be adhered. The terminal traffic route as mutually agreed between the terminal operators shall be strictly followed and if there may be changes in routes due to infrastructure developments inside JN Port, all terminals need to review the best route and mutually agree to use for ITRHO operations accordingly. Charges will be levied on shipping lines as per the existing ITRHO charges approved by TAMP under the new ITRHO agreement also.

It was decided that a joint meeting will be held every second Friday of the month, involving all terminal CEOs, to sort out any issues.

Sharing a few words on this strategic development, Mr Sanjay Sethi, IAS, Chairman, JNPT, said, "It is very encouraging to see collaborative effort and support extended by all the JN Port terminals to come together and find solutions for impeding challenges we face in our business. Often there are bottlenecks due to operational limitations and the lack of coordination between parties causes delay in addressing these concerns which eventually hampers trade. It is important that all stakeholders in our ecosystem cooperate to tackle such clogs in the system because it will help in smoothening the overall trade cycle and also enhance our efficiency, thus leading to better growth."

This initiative was a success due to the keen involvement of Mr Sanjay Sethi who realised the immense benefit the new ITRHO agreement would bring to all stakeholders, especially JNPT's customers and trade.

So this is a yet another significant move by JNPT to provide ease of doing business to the ex-im community and a big step forward in its endeavour to be among the best ports globally, said a release.

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