NEW DELHI: The strong will and action of the Government under the dynamic leadership of Prime Minister Shri Narendra Modi and Home Minister Shri Amit Shah to scrap Article 370 has paved a new era of growth both for the people of Jammu & Kashmir and Ladakh region said FIEO President, Mr Sharad Kumar Saraf. Scrapping Article 370 will not only bring in huge trade and business opportunities for both the regions but will also help get the troubled region to stand on its feet added Mr Saraf. FIEO Chief said that this bold step taken by the Government at the Centre would allow flow of investments into the state in sectors like tourism, real estate, carpets, handicrafts, sports goods, horticulture and food processing and will also help in promoting trade and commerce specially exports of these products and services from the region. Jammu and Kashmir including Ladakh region are an area of strong potential for development as it enjoys a range of natural resources and immense talent. Strong and dedicated efforts from the Government, trade and industry including handholding of local businesses is the need of the hour today to further help to push its growth rate and create new jobs and livelihoods in the region said Mr Sharad Kumar Saraf. This multiplier effect would increase the employment opportunities and contribute to India's overall prosperity and growth & development of the country. FIEO President further adds that opportunities, which exists in the other key sectors also includes pharmaceuticals, IT/ITeS, electronics and leather. Shortcomings with regard to post-harvest food processing of apples, saffron, almond, walnut and other fruits and dry fruits, as well as the acute lack of health care and educational facilities in the state mainly due to lack of private sector participation will soon be overcome by this bold step taken by the Government. With this FIEO also plans to provide handholding to cater to the needs of the exporting community of both the region of J&K and Ladakh. Mr Sharad Kumar Saraf further says that now with both Article 370 and 35A gone, J&K will be governed by the same rules as the rest of the Country, which means any Indian citizen can buy property in the State, take up a job and most importantly, invest in industry and trade initiatives in the State. Truly a historic decision as it opens the gateway for development and peace in Jammu and Kashmir, said a FIEO release.

WASHINGTON: As a result of their ongoing trade, China is no longer the top trading partner of the United States and has been replaced by America's neighbours Mexico and Canada, according to a media report.
In the first half of the year, Mexico was the top trading partner of the United States followed by Canada, the latest official data reveals, according to The Wall Street Journal.
As a result of the ongoing trade war between the US and China, imports from China to the US dropped by 12 per cent and America's export to China fell by 19 per cent, the daily said.
After coming to power, Trump has imposed 25 per cent import tariff on Chinese products worth USD 250 billion. Another 10 per cent tarrif on products worth USD 300 billion will come into effect on September 1. Trump has so far maintained that China has been unfair to the US.
China has also taken several retaliatory steps. According to a Commerce Department report, the total value of bilateral goods exchanged with China fell 14 per cent in the first half of the year to USD 271.04 billion, The Wall Street Journal said.
"After holding the top spot among US trading partners from 2015 to 2018, China now sits at No. 3 and now smaller than Mexico for the first time since 2005," it said.
 

Gateway of opportunities opens up for Trade and Investment in J&K and Ladakh post revoking of Article 370: FIEO President

NEW DELHI: The strong will and action of the Government under the dynamic leadership of Prime Minister Shri Narendra Modi and Home Minister Shri Amit Shah to scrap Article 370 has paved a new era of growth both for the people of Jammu & Kashmir and Ladakh region said FIEO President, Mr Sharad Kumar Saraf. Scrapping Article 370 will not only bring in huge trade and business opportunities for both the regions but will also help get the troubled region  to stand on its feet added Mr Saraf.
FIEO Chief said that this bold step taken by the Government at the Centre would allow flow of investments into the state in sectors like tourism, real estate, carpets, handicrafts, sports goods, horticulture and food processing and will also help in promoting trade and commerce specially exports of these products and services from the region. Jammu and Kashmir including Ladakh region are an area of strong potential for development as it enjoys a range of natural resources and immense talent. Strong and dedicated efforts from the Government, trade and industry including handholding of local businesses is the need of the hour today to further help to push its growth rate and create new jobs and livelihoods in the region said Mr Sharad Kumar Saraf. This multiplier effect would increase the employment opportunities and contribute to India's overall prosperity and growth & development of the country.
FIEO President further adds that opportunities, which exists in the other key sectors also includes pharmaceuticals, IT/ITeS, electronics and leather. Shortcomings with regard to post-harvest food processing of apples, saffron, almond, walnut and other fruits and dry fruits, as well as the acute lack of health care and educational facilities in the state mainly due to lack of private sector participation will soon be overcome by this bold step taken by the Government.
With this FIEO also plans to provide handholding to cater to the needs of the exporting community of both the region of J&K and Ladakh.
Mr Sharad Kumar Saraf further says that now with both Article 370 and 35A gone, J&K will be governed by the same rules as the rest of the Country, which means any Indian citizen can buy property in the State, take up a job and most importantly, invest in industry and trade initiatives in the State. Truly a historic decision as it opens the gateway for development and peace in Jammu and Kashmir, said a FIEO release.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) financial performance for the quarter ended June 30, 2019

MUMBAI: APM Terminals Pipavav (Gujarat Pipavav Port Ltd) announced the financial results for the quarter ended June 30, 2019.
The company reported a net profit of INR 564 million for Q1FY20 as against INR 471 million in Q1FY19. Revenue from operations for the quarter under consideration stood at INR 1,776 million as against INR 1,760 million in Q1FY19.
EBIDTA for the quarter was at INR 1,024 million as against INR 914 million during the same quarter last year. EBIDTA margin stood at 58% in Q1FY20 as against 52% in Q1FY19.
The container cargo business for the quarter stood at appx. 221K TEUs, Bulk business was
at 0.51 MMT and Liquid business was at appx. 0.2 MMT. RoRo business handled appx. 15K cars for the quarter under review.
Business highlights and developments at APM Terminals Pipavav for the quarter:
•             Trade meets were organized in Mumbai and Delhi
•             CMA CGM started weekly scheduled block train from Port Pipavav.

Shipping Ministry floats new plan to settle past surplus of PPP Cargo Terminals

NEW DELHI: The Shipping Ministry has floated a proposal to sort out the past surplus, worth over 2,500 crore, earned by some of the earliest private cargo handling terminals at Major Port Trusts whose mandatory rate revisions of every three years have been delayed by more than seven years. This was due to court cases filed against tariff cuts ordered by the port regulator.
The move comes after the Ministry issued new rate setting guidelines in March this year for terminals governed by the 2005 rate norms, rectifying many of the contentious issues that were at the centre of a confrontation between them, the Ministry and the Tariff Authority for Major Ports (TAMP).
The new rules, though, would be applied for future rate revisions of 14 older terminals such as the Nhava Sheva International Container Terminal (NSICT), Gateway Terminals India (GTI), Chennai International Terminals (CITPL), Chennai Container Terminal (CCTL), among others.
The new rate norms say that the surplus/ deficit over and above the admissible costs and permissible return, if any, arising during the period of litigation will be subject to the orders of the respective courts. “Alternatively, the Shipping Ministry, Major Port Trusts and BOT operators concerned and TAMP may decide on the treatment of past period surplus arising during the period of litigation,” it said.
The surplus, according to the Ministry’s proposal, will be worked out by scrutinising the audited accounts of the individual terminals since 2012, considering parameters such as actual revenue earned, less the operating expenditure, admissible royalty to be paid to the Government-owned port authority and 16 per cent return on capital employed (ROCE) on the net block of assets.
 

Industry 4.0: Making India smart and intelligent manufacturing hub : EEPC India

NEW DELHI: India has to move from manufacturing outfits of Industry 1.0 and 2.0 to Industry 4.0 and beyond. EEPC India in association of Department of Heavy industries (DHI) is raising awareness on the 4th Industrial Revolution to drive the Indian manufacturing to a ‘Smart and intelligent Manufacturing’ Hub said Mr Ravi Sehgal at a Industry 4.0 session.
Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) - Udyog Bharat 4.0 is an Industry 4.0 initiative of Department of Heavy Industry, Government of India under its scheme on Enhancement of Competitiveness in Indian Capital Goods Sector. The initiative aims to raise awareness about Industry 4.0 among the Indian manufacturing industry through demonstration centres. Currently there are four centres which include Center for Industry 4.0 (C4i4) Lab Pune; IITD-AIA Foundation for Smart Manufacturing; I4.0 India at IISc Factory R & D Platform; Smart Manufacturing Demo & Development Cell at CMTI.
Indian Engineering Exports have been growing at a rate of 10% with variation, but the Engineering Exports as a percentage of ASEAN and World Exports is stagnating at 0.8-1 % over the last 10-15 years. This is because majority of engineering goods originated from low or middle level products. Department of Commerce, Ministry of Commerce and Industry has given to this apex engineering body a mandate to incarnate a Technology Centre to enable MSMEs to benefit from various new technologies. India also needs to close a quality gap faced with the best in class, and leapfrogging to newer technologies, will enable quality export products, hence EEPC India Technology Centre gains ground.
EEPC India Technology Centre in Bengaluru and also the one would be opened shortly in Kolkata , with a view to develop export product by providing a forum for Industry and Academia discussion and learning'' Mr Sehgal said at the seminar. It was a day long productive session where eminent speakers from DHI, IIT Kharagpur, ISI-Kolkata; CMERI- Durgapur; CMTI, C4i4 Pune motivated the stakeholders on the theme.

UNCTAD: Consolidation in Container Shipping May Lead to Oligopoly

Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport.
“A slower demand than earlier projected, coupled with a large influx of vessels, has led to a continued oversupply of shipping capacity,” said UNCTAD Secretary-General Mukhisa Kituyi.
The consolidation and pooling of cargo could improve economies of scale and reduce operating costs, UNCTAD said, stressing that the transition is posing certain risks.
Namely, shipping lines may exert market power, limit supply and raise prices in the long run and once the industry reaches stability. Furthermore, the growing concentration of the market has increased the risk that fair competition may become distorted which might impact freight rates and shippers.
“The risk is that growing market concentration in container shipping may lead to oligopolistic structures,” says Shamika N. Sirimanne, Director of the UNCTAD Division on Technology and Logistics. “In many developing countries’ markets, there are now only three or even fewer suppliers left. Regulators will need to monitor developments in container shipping mergers and alliances to ensure there is competition in the market.”
It has been pointed out that, as a result, revisiting the rules governing consortiums and alliances may be necessary to determine whether these require new regulations to prevent market power abuse and to balance the interests of shippers, ports and carriers.
The report further indicates that world container ports face mounting pressure from ever-larger ships. In addition, they must cope with the cascade of vessels from main trade routes to secondary routes, as well as growing cybersecurity threats.
“Although investment is key for ports to improve, the amount needed to accommodate ever larger ships may not be worth the extra cost, unless the bigger vessels guarantee more cargo. Otherwise, ports will have invested in larger yards and additional equipment to handle the same total volume,” the report adds.
Between 2000 and 2016, a total of USD 68.8 billion in private investment was committed across 292 port projects aimed at improving port infrastructure and superstructures.
What is more, the Review of Maritime Transport 2017 says that, on average, transport and insurance costs account for about 15% of the value of imports, but that this is much higher for smaller and more vulnerable economies; on average 22% for small island developing states, 21% for the least developed countries and 19% for landlocked developing countries.
The persistent transport cost burden on many developing countries stems from lower efficiency in ports, inadequate infrastructure, limited economies of scale and less competitive transport markets, UNCTAD noted.
“Helping developing countries improve the factors behind high transport costs is therefore key for economic development. This can be done through soft measures, such as providing training and facilitating reforms, or hard measures, such as upgrading infrastructure and improving equipment,” the report concludes.

Samudera Shipping Sells Supramax Duo

Singapore-based Samudera Shipping has reached an agreement to sell two of its loss-making bulk carriers.
Namely, the company’s subsidiary Foremost Maritime Pte sold the Supramax bulkers Sinar Kutai and Sinar Kapuas to two separate buyers.
The 2011-built 57,334 dwt sister vessels were disposed for a total ofUSD 20.2 million and are scheduled for delivery to their new owners in September 2019.
Samudera Shipping explained that Sinar Kutai and Sinar Kapuas “have contributed losses to the group for the past few years and do not fit into the planned future operations of the group.”
The company added that the transaction would enable it to redeploy its capital “for more suitable ships and other commercial activities.”
The proceeds from the sale would be used to fund a potential investment in an Indonesian company which provides shipping services for a domestic route, and for working capital and business expansion.

Indian container traffic growth continues

Container traffic handled at the major Indian ports in the first three months of the current financial year, from April to June, totalled 2.57 million teu. This represents a 6.99% increase compared with the 2.41 million teu handled in the equivalent months of last year.
JNPT remains the country’s biggest container gateway, handling 1.31 million teu, up from 1.24 million in the first quarter of the 2018/19 financial year, an upturn of over 7%. Both Kolkata and Chennai ports, however, saw a slight decline their container volumes during this period, while there were gains for Vizag and Chidambaranar ports. The fastest growing major Indian container port in this quarter, though, was Deendayal, which handled 117,000 teu, up from just 56,000 teu in the same period of the previous year.
Overall, the major Indian ports handled 176.8 million tons of cargo in the first quarter of 2019/20, which was 1.52% higher than in the same period of 2018. The fastest growing commodity types were coking coal, with volumes up 16.88%, and iron ore, which rose by 15.33%.

Deendayal was the fastest growing major container port in India in the first quarter of the financial year

Sharda Prasad, Advisor, MoS visits Allcargo Logistics PMKK JNPT Centre

Lauds Allcargo Logistics’ efforts to build skill competencies of youth for logistics sector
MUMBAI: Shri Sharda Prasad, Advisor Sagarmala Project, Ministry of Shipping, visited the Allcargo Logistics Pradhan Mantri Kaushal Kendra (PMKK) at JNPT on July 30, 2019.
Shri Prasad praised the efforts of Allcargo Logistics in conducting skill development programs for underprivileged youth and boosting their employability opportunities in India’s rapidly expanding logistics sector.
 Shri Prasad during his a visit to the Allcargo Multi Skill Development Center at Bokadvira, Uran on July 30, also flagged off the new Pradhan Mantri Kaushal Kendra (PMKK) batch of Consignment Tracking executive, graced the convocation ceremony of two passed-out batches and felicitated working students on the occasion. Among other dignitaries present at the occasion were Mrs. Manisha Jadhav, Manager, Personnel andindustrial Relations, JNPT, Mr. Brijmohan Raturi, Assistant Manager HR, JNPT, Mr. Suhas Mangle, Assistant Engineer, CIDCO, Dronagiri, Dr. Nilratan Shende, DGM CSR, Allcargo and Mr. Chandrakant Patil, Manager, Skill Development. The dignitaries also visited all the facilities in the centre such as classroom, reception, counselling room, placement cell, training laboratories, smart Labs, pantry, kitchen, etc. “The Logistics sector will play a key role in positioning India as a $ 3 trillion economy over the next 5 years. Trained personnel with sector-specific skills will play a key role in sustaining the exponential growth of Indian logistics.  Allcargo Logistics is playing a commendable role in raising the skill quotient of underprivileged youth by conducting structured training programs and learning courses under the PMKK initiative. I would like to urge the students to pursue such courses and grab the employment opportunities available in this sector,” said Shri Sharda Prasad, Advisor - Sagarmala Project, Ministry of Shipping, “Allcargo remains committed to making Indian logistics a skill-driven industry. We aim to bolster the job prospects of the youth by providing them industry-specific training and building skill proficiencies across key functional areas of the supply chain,” stated Dr. Nilratan Shende DGM CSR, Allcargo
JNPT and CIDCO signed an MoU with Allcargo Logistics Limited in November 2018 for skilling youth in Logistics and allied sectors. The Allcargo Multi Skill development Center imparts skill training in six logistics courses such as Heavy Vehicle Driver, Consignment Booking Assistant, Consignment Tracking Executive, Documentation Assistant, Inventory Clerk and Warehouse Picker.
 

India’s exports must contribute $ 1 trillion to economy: Piyush Goyal August 02 , 2019

Lauds Allcargo Logistics’ efforts to build skill competencies of youth for logistics sector
MUMBAI: Shri Sharda Prasad, Advisor Sagarmala Project, Ministry of Shipping, visited the Allcargo Logistics Pradhan Mantri Kaushal Kendra (PMKK) at JNPT on July 30, 2019.
Shri Prasad praised the efforts of Allcargo Logistics in conducting skill development programs for underprivileged youth and boosting their employability opportunities in India’s rapidly expanding logistics sector.
 Shri Prasad during his a visit to the Allcargo Multi Skill Development Center at Bokadvira, Uran on July 30, also flagged off the new Pradhan Mantri Kaushal Kendra (PMKK) batch of Consignment Tracking executive, graced the convocation ceremony of two passed-out batches and felicitated working students on the occasion. Among other dignitaries present at the occasion were Mrs. Manisha Jadhav, Manager, Personnel and industrial Relations, JNPT, Mr. Brijmohan Raturi, Assistant Manager HR, JNPT, Mr. Suhas Mangle, Assistant Engineer, CIDCO, Dronagiri, Dr. Nilratan Shende, DGM CSR, Allcargo and Mr. Chandrakant Patil, Manager, Skill Development. The dignitaries also visited all the facilities in the centre such as classroom, reception, counselling room, placement cell, training laboratories, smart Labs, pantry, kitchen, etc.
“The Logistics sector will play a key role in positioning India as a $ 3 trillion economy over the next 5 years. Trained personnel with sector-specific skills will play a key role in sustaining the exponential growth of Indian logistics.  Allcargo Logistics is playing a commendable role in raising the skill quotient of underprivileged youth by conducting structured training programs and learning courses under the PMKK initiative. I would like to urge the students to pursue such courses and grab the employment opportunities available in this sector,” said Shri Sharda Prasad, Advisor - Sagarmala Project, Ministry of Shipping, “Allcargo remains committed to making Indian logistics a skill-driven industry. We aim to bolster the job prospects of the youth by providing them industry-specific training and building skill proficiencies across key functtional areas of the supply chain,” stated Dr. Nilratan Shende DGM CSR, Allcargo JNPT and CIDCO signed an MoU with Allcargo Logistics Limited in November 2018 for skilling youth in Logistics and allied sectors. The Allcargo Multi Skill development Center imparts skill training in six logistics courses such as Heavy Vehicle Driver, Consignment Booking Assistant, Consignment Tracking Executive, Documentation Assistant, Inventory Clerk and Warehouse Picker.

Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

Read more at:
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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

Read more at:
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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

Read more at:
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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

Read more at:
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Union Minister of Commerce and Industry & Railways, Piyush Goyal, reviewed the draft National Logistics Policy and the proposed action plan for implementation of the policy prepared by the Department of Logistics, Ministry of Commerce and Industry. The draft National Logistics Policy has been prepared in consultation with the Ministries of Railways, Road Transport and Highways, Shipping and Civil Aviation. Forty-six Partnering Government Agencies (PGAs) inputs were analysed in detail for

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JNPT, MbPT, IPA along with Portall holds Road Show on PCS 1x

MUMBAI: Mumbai Port Trust, JNPT, Indian Port Association (IPA) along with Portall jointly organised PCS 1x road show in Mumbai on 24th July in Mumbai Port’s Premises to sensitise all the major stakeholders of the benefits offered by upgraded version Port Community System (PCS) 1x.
Mr Sanjay Sethi, IAS, Chairman, JNPT, inaugurated the event in the presence of Mr Rohit Singla, IRS, Joint Commissioner, JNCH, Mr Manish Jaiswal, Group CTO, Portall, Mr Sudhir Kanvinde, Executive Director, IT, IPA, alongwith Senior Officials of Mumbai Ports, JNPT, IPA and Portall.
Port Community System (PCS) is intended to integrate the electronic flow of trade related document/information and function as the centralized hub for the ports of India and other stakeholders like Shipping Lines/Agents, Surveyors, Stevedores, Banks, Container Freight Stations, Customs House agents, Importers, Exporters, Railways/CONCOR, Government regulatory agencies, etc. for exchanging electronic messages in secure manner.
Mr. Sanjay Sethi, IAS, Chairman JNPT in his opening remarks pointed the benefits for the stakeholders of using PCS 1x as PCS is a comprehensive, highly secure extensible and scalable solution that meets the requirements of the trade community, Ports, Banks and Government Agencies and seamlessly integrates them over the internet coordinating all the activities in and around Port and beyond.
The Primary outcome of the PCS is to achieve excellent level of enterprise integration for different players across different ports, thereby increasing the business value for all the players in the Port Community and improve the Ease of Doing Business.
He also pointed that in all around 27 major stakeholders are already onboard and the talks are already in advance stages for adding another 2-3 important stakeholders. He also added that long pending demand of payment aggregator to be added on PCS 1x has been finalised with an agreement with Razorpay.
ome of the main objectives of the PCS highlighted during the event were as follows -
1.            A Centralized Web-Based Application, which act as single window, for the Port Community Members/Stakeholders to exchange messages electronically in secure fashion.
2.            Reduce transaction time & cost in Port Business
3.            Achieve paperless regime in Port Sector
4.            Implement an e-commerce portal for Port Community
5.            Data respository for Research and Analysis
To summarize, the implementation of PCS in India transforms Indian Ports from antiquated Ports to modern Ports by bringing in a paperless regime.
It minimises transaction time and cost to Indian export-import trade. Contribution of PCS to Indian trade, though not quantifiable in exact terms, will definitely herald new chapter in India by way of e-trade. However, it is expected to reduce a transaction cost at ports and empowered Indian Ports to join the premier league of international technology advanced e-ports.
The Road show was well attended by the cross section of trade and it was also informed that the road show in Mumbai evoked highest response from the trade with over 160 attendees.