Shipping Industry & Ports in India

India has 12 major ports and about 200 non-major ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. In FY19 traffic has increased 2.90 per cent year-on-year to 699.05 million tonnes.  Cargo traffic at non-major ports was estimated at 281.0 million tonnes FY19P*.
Since ports handle almost 95 per cent of trade volumes in India, the rising trade has contributed significantly to the country’s cargo traffic. Capacity at major Indian ports reached 1,477 million tonnes by FY19P. Capacity at non-major ports is expected to reach 968 MMT in 2019 from 750 MMT in 2016. Given the positive outlook, proposed investments in major ports are expected to total US$ 18.6 billion by 2020, while those in non-major ports would be US$ 28.5 billion.
India’s total external trade1 grew to US$ 838.46 billion in FY19, implying a CAGR of 5.53 per cent since FY09. Merchandise exports during the year were US$ 331.02 billion while imports reached US$ 507.44 billion.
In November 2016, Ministry of Shipping has sanctioned sum of US$ 1.49 million to Gujarat Maritime Board for capacity building and safety training of workers involved in ship recycling activities under Sagarmala. The Government of India has finalised master plans for 142 capacity expansion projects worth Rs 91,434 crore (US$ 14.19 billion) under the Sagarmala programme. As of March 2018, projects worth Rs 1.85 lakh crore (US$ 28.70 billion) had been awarded under Sagarmala programme.
The Government of India has allowed foreign direct investment (FDI) of up to 100 per cent under the automatic route for projects related to the construction and maintenance of ports and harbours.  Ports sector in India has received a cumulative FDI of US$ 1.64 billion between April 2000 and December 2018. A 10-year tax holiday is extended to enterprises engaged in the business of developing, maintaining, and operating ports, inland waterways, and inland ports. The government has also initiated National Maritime Development Programme (NMDP), an initiative to develop the maritime sector with a planned outlay of US$ 11.8 billion.
Note ¹ - Merchandise trade

Minister asks CII for suggestions

Ports play a major role in the country's economic development as 95% of India's foreign trade by volume and 70 % by value are through maritime operations, said Pon Radhakrishnan, Union Minister of State for Shipping on Tuesday.

“With raising economic growth, the country’s integration with the world economy grows further. It signifies the need for the maritime sector’s development in infrastructure and efficiency,” he said speaking at the Confederation of Indian Industry (CII) Port Conclave 2018 titled ‘Port Led Economic Development’.

The Minister asked the CII to come out with suggestions for achieving industrial targets and announced the government’s readiness to act on them.

Kailash Kumar Aggarwal, Joint Secretary, Ministry of Shipping, Government of India, said 41 PPP projects in the private sector involving an investment of ₹20,000 crore were in progress.

“Sixteen projects entailing an investment of ₹20,000 crore and 268 MT capacity are under implementation,” he added.

R. Dinesh, Chairman, CII Southern Region & Joint Managing Director, T V Sundram Iyengar & Sons Ltd said, “The maritime sector is expected to grow significantly with the increase in international and domestic trade volumes. Since huge volumes are handled via the maritime route, there is a continuous need to develop India's ports and trade related infrastructure.”

P. Raveendran, Chairman, CII Port Conclave 2018 and Chairman, Port of Chennai and Kamarajar Port Ltd, said that ports were maintaining record handling of cargo traffic in a cost-effective environment.

CHANGES TO INDIAN SEA CARGO MANIFEST REQULATIONS FROM AUGUST 1 2019

Thursday, July 11, 2019

changes to indian sea cargo manifest regulation from august 1 2019

Shipping times 11.07.2019.

Exim news services

New Delhi July 10

Effective ausust 1 2019 the central board of indirect  taxes and customs (CBIC) has offected a change in the regulations for filing sea cargo manifest for all cargo arriving on vessels into india and departing on vessels from india.

      It is now compulsory for all shipping lines and the importer/ exporter to adhere to the defined timelines for manifest filing of all cargo  on a vessel to / from an Indian port. as per a communique.

             The rule is applicable for all cargo transshipping discharging and going via (FROB - FREIGHT REMAIN ON BOARD AS INDIAN PORT.
Departure manifest  Export manifest is now required to be submitted to customer prior to thr depature / sailing of the vessel from any port of loadi ng in India.

Arrival Manifest.: Import manifest is now required to be submitted to customs proir to the depature of the vessel from the last foreign port.

To Adhere to these new timelines lines will now need.

Shippers instruction to be submitted before these  deadlines.
shippers instructions to include the following mandatory details .

1. HS Code : 6 Digit HS ( Harmonised code.
2. IEC Code : ( Import Export Code of consignee
3. PAN Number of notify party 9 If notify party is from India) .

All information (Including HBL details) need to be submitted within these new deadlines. All amendments will also need go be done  before these deadlines. Non compliance of these requirements may lead to cargo not being loaded . or issuance of Original Bill of Lading may be held back, the communique pointed out.

changes to indian sea cargo manifest regulation from august 1 2019

Shipping times 11.07.2019.

Exim news services 

New Delhi July 10

Effective ausust 1 2019 the central board of indirect  taxes and customs (CBIC) has offected a change in the regulations for filing sea cargo manifest for all cargo arriving on vessels into india and departing on vessels from india.

      It is now compulsory for all shipping lines and the importer/ exporter to adhere to the defined timelines for manifest filing of all cargo  on a vessel to / from an Indian port. as per a communique.

             The rule is applicable for all cargo transshipping discharging and going via (FROB - FREIGHT REMAIN ON BOARD AS INDIAN PORT.
Departure manifest  Export manifest is now required to be submitted to customer prior to thr depature / sailing of the vessel from any port of loadi ng in India.

Arrival Manifest.: Import manifest is now required to be submitted to customs proir to the depature of the vessel from the last foreign port.

To Adhere to these new timelines lines will now need.

Shippers instruction to be submitted before these  deadlines.
shippers instructions to include the following mandatory details .

1. HS Code : 6 Digit HS ( Harmonised code.
2. IEC Code : ( Import Export Code of consignee
3. PAN Number of notify party 9 If notify party is from India) .

All information (Including HBL details) need to be submitted within these new deadlines. All amendments will also need go be done  before these deadlines. Non compliance of these requirements may lead to cargo not being loaded . or issuance of Original Bill of Lading may be held back, the communique pointed out.

clearing agent in chennai

CAUTION URGED ON PHASING OUT EXPORT SUBSIDIES.
six point agenda suggested for making Indian exports competitive.

Exim news service New delhi June 12.

After commerce and industry Minister Mr. Piyush Goyal talked about phasing out export subsidies and asking the trade not to be dependent on them the chairman trade promotion council of India (TPCI) Mr. Mohit sigla has said the governments needs  to take a gradual and cautious  view on this matter as the buyers also negotiated and demanded some part of the subsidy .
While congratulating the Minister  for setting the bail rolling by immediately convening the board of trade and council of trade promotion and development meeting .  Mr. Singla  also suggested a six - point agenda which may be strategized for making Indian exports competitive.
To begin with there is a need to identify a newq product basket that can easily find markets compared to our global competitors as India has an inherent  advantage. The emerging champion sectors could be electrical furniture and mattress and processed food. for  example processed food alone has huge scope after value addition .
Then comes external outreach.and promotion of Indian products to new and emerging markets. India could utilize 80 trade promotion offices working on already accepted global norms for promotion of various products and brands from the country .
The third is creating in a national portal for global trade inquires to be run/ managed by respective export promotion councils which could handle queries on day to day basis.
Fourth could be in concentivisation  above basic target encourage the performers by linking it with performance and target, be it EPC s or nany other body or organisation.
The fifth is the availability of credit for the industry both in terms of intermsdiary and fineshed goods for exports .
Finally reducing the cost and time of port clearance for the goods for export is very important . port charges in India should be reduced as it makes Indian exports  less competitive compared to the rest of the world . Number of days for port clearance and logistics cost per  km of road transport should be also be brought down it was suggested as per a release.

CAUTION URGED ON PHASING OUT EXPORT SUBSIDIES.
six point agenda suggested for making Indian exports competitive.

Exim news serive New delhi June 12.

After commerce and industry Minister Mr. Piyush Goyal talked about phasing out export subsidies and asking the trade not to be dependent on them the chairman trade promotion council of India (TPCI) Mr. Mohit sigla has said the governments needs  to take a gradual and cautious  view on this matter as the buyers also negotiated and demanded some part of the subsidy .
While congratulating the Minister  for setting the bail rolling by immediately convening the board of trade and council of trade promotion and development meeting .  Mr. Singla  also suggested a six - point agenda which may be strategized for making Indian exports competitive.
To begin with there is a need to identify a newq product basket that can easily find markets compared to our global competitors as India has an inherent  advantage. The emerging champion sectors could be electrical furniture and mattress and processed food. for  example processed food alone has huge scope after value addition .
Then comes external outreach.and promotion of Indian products to new and emerging markets. India could utilize 80 trade promotion offices working on already accepted global norms for promotion of various products and brands from the country .
The third is creating in a national portal for global trade inquires to be run/ managed by respective export promotion councils which could handle queries on day to day basis.
Fourth could be in concentivisation  above basic target encourage the performers by linking it with performance and target, be it EPC s or nany other body or organisation.
The fifth is the availability of credit for the industry both in terms of intermsdiary and fineshed goods for exports .
Finally reducing the cost and time of port clearance for the goods for export is very important . port charges in India should be reduced as it makes Indian exports  less competitive compared to the rest of the world . Number of days for port clearance and logistics cost per  km of road transport should be also be brought down it was suggested as per a release.

CAUTION URGED ON PHASING OUT EXPORT SUBSIDIES.
six point agenda suggested for making Indian exports competitive.

Exim news serive New delhi June 12.

After commerce and industry Minister Mr. Piyush Goyal talked about phasing out export subsidies and asking the trade not to be dependent on them the chairman trade promotion council of India (TPCI) Mr. Mohit sigla has said the governments needs  to take a gradual and cautious  view on this matter as the buyers also negotiated and demanded some part of the subsidy .
While congratulating the Minister  for setting the bail rolling by immediately convening the board of trade and council of trade promotion and development meeting .  Mr. Singla  also suggested a six - point agenda which may be strategized for making Indian exports competitive.
To begin with there is a need to identify a newq product basket that can easily find markets compared to our global competitors as India has an inherent  advantage. The emerging champion sectors could be electrical furniture and mattress and processed food. for  example processed food alone has huge scope after value addition .
Then comes external outreach.and promotion of Indian products to new and emerging markets. India could utilize 80 trade promotion offices working on already accepted global norms for promotion of various products and brands from the country .
The third is creating in a national portal for global trade inquires to be run/ managed by respective export promotion councils which could handle queries on day to day basis.
Fourth could be in concentivisation  above basic target encourage the performers by linking it with performance and target, be it EPC s or nany other body or organisation.
The fifth is the availability of credit for the industry both in terms of intermsdiary and fineshed goods for exports .
Finally reducing the cost and time of port clearance for the goods for export is very important . port charges in India should be reduced as it makes Indian exports  less competitive compared to the rest of the world . Number of days for port clearance and logistics cost per  km of road transport should be also be brought down it was suggested as per a release.