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Adani Ports launches offshore bond offering, to raise $750 mn

Textile and garment imports, as a percentage of such exports, have surged from just about 13 per cent in FY14 to a record 25 per cent in the first eight months of this fiscal. Similarly, at 1.7 per cent, the share of textiles and garments in the country’s overall imports in the April-November period was the highest in recent memory. On the other hand, the labour-intensive sector’s share in the overall merchandise exports has been sliding consistently in recent years, having dropped from as much as 13.7 per cent in FY16 to just 10.27 per cent this fiscal (up to November), the lowest in at least a decade, said a report.

POSTED BY DAILY SHIPPING TIMES.

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India can be among top-5 agri goods exporters with effective policies: Report

NEW DELHI: By shifting its focus on cultivation and effectively handholding farmers, the country can be among the top-five exporters of agro commodities, according to a report by the World Trade Centre. The report comes at a time when the Government has announced some reforms in the farm sector by allowing farmers to sell produce outside the regulated APMC markets, and relaxing the Essential Commodities Act, among others, which can help boost exports. 

With an annual agro exports of USD 39 billion in 2019, the country is ranked eighth, after the EU (USD 181 billion), the US (USD 172 billion), Brazil (USD 93 billion), China (USD 83 billion), Canada (USD 69 billion), Indonesia (USD 46 billion) and Thailand (USD 44 billion), the WTC report said quoting the 2019 WTO data. 

“Through focused intervention in capacity-building, we can enhance our agro exports to surpass Thailand and Indonesia, and become the fifth-largest exporter according to the report. 

To attain this, as a first step, the study said, the Government should re-orient the role of its extension centres – the 715 krishi vigyan kendras across the country – to handhold farmers in growing those varieties of crops that have demand in the global markets. 

Many a time, Indian consignments are rejected because of the presence of pesticides above the prescribed maximum residual limits, the study noted and said “krishi vigyan kendras should guide farmers on prudential use of pesticides and other chemicals so that they conform to the global quality standards”. 

“Having attained self-sufficiency in agriculture, we need to re-orient our extension services system, which was developed in the days of the green revolution that focused on attaining self-sufficiency in farm production,” the report said. 

The report added that it is time we move towards growing quality food for the global markets rather than quantity. 

One key focus area could be cultivating horticulture crops that conform to the quality, colour, shape and chemical contents acceptable in foreign countries or which are fit for further processing. 

Despite being the second-largest producer of fruits and vegetables, India’s share in global exports is under 1.8 per cent. In spite of being the largest producer of papayas, lemons and limes, we meet hardly 3.2 per cent of the world papaya demand, 0.5 per cent for lemons and limes, according to data from the Food and Agriculture Organization. 

In the past decade, India made remarkable progress in exports of niche items like capsicum chilly, castor oil, tobacco extracts and sweet biscuits, apart from basmati rice, meat and marine products. 

“These success stories should be and can be replicated in other potential food items,” the report concluded. 

Posted By Daily Shipping Times.

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Logistics industry to be greatly impacted by Dedicated Freight Corridor: MD

Mr A. K. Sachan, Managing Director, Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), has said that being one of the most prestigious infrastructure projects in the country, the Dedicated Freight Corridor is a high priority area for the government, as per a release.

Addressing a FICCI webinar on ‘Opportunities in Indian Railways: Fostering Infrastructure for Future’, Mr Sachan said, “DFCCIL plans to connect the inland waterways from Varanasi to the eastern corridor to provide direct connectivity from Haldia Port to Ludhiana.” We will also be allowing private players to operate on these corridors,” he added.

Elaborating on the project, Mr Sachan said, “Dedicated Freight Corridor project has created many employment opportunities and multiple industries are dependent on it. The construction industry has highly benefited from this sector and once the operation starts, the logistics industry will be greatly impacted.”

Posted By EXIM NEWS SERVICE.

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Digitalisation, standardisation & new tech seen as critical for shipping in post-Covid recovery

Digitalisation, big data and new technologies such as Artificial Intelligence (AI) are key in enabling the post-Covid recovery, IMO Secretary-General Mr Kitack Lim told a webinar on ‘Digital Connectivity and Data Standards’ held earlier this week. “Cooperation between shipping, ports and logistics will be vital for enhancing the efficiency and sustainability of shipping and therefore facilitating trade and fostering economic recovery and prosperity,” Mr Lim said, as per a release. 


He highlighted IMO’s key role in ensuring shipping can embrace the digital revolution – while ensuring safety, environmental protection as well as cyber security. “Digitalisation and new technologies will also be the key to allowing standardisation and therefore enhancing the efficiency of shipping,” Mr Lim said. 


The need for standardisation was also highlighted by IMO’s Facilitation Head, Mr Julian Abril, who noted the mandatory requirement for electronic data exchange in the Facilitation Convention, effective since April 2019. Discussions are currently underway towards making a single maritime window mandatory – so that all data for arrival and departure of ships is submitted through a single point and transmitted to the relevant agencies involved. The standardisation and harmonisation needed for this to happen is captured in the IMO Compendium on Facilitation and Electronic Business, a tool for software developers that harmonises the data elements required for regulatory purposes during a port call and standardises electronic messages, reducing the administrative burden for ships linked to formalities in ports. The goal is to make it easier for companies involved in maritime trade or transport to create software that can communicate, no matter which standard they are based on. 


Cooperation, communication and collaboration between the various stakeholders to maintain and further develop the compendium, as well as looking into expanding its data set and data model to areas beyond the FAL Convention, has been formalised in a partnership agreement signed in March 2020 between IMO, the World Customs Organization, the United Nations Economic Commission for Europe and the International Organization for Standardization.


The webinar was organised by the Maritime and Port Authority of Singapore, the first in a maritime perspectives webinar series, the release added.  

POSTED BY EXIM NEWS SERVICE.

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Piyush Goyal lists out sectors to boost exports

NEW DELHI: The Commerce Minister Piyush Goyal has said that the Government has identified a few champion sectors, like textiles, fisheries and IT, to expand and become a world leader in exports. Speaking at DPIIT – FICCI Partnership Forum on Public Procurement for ‘Make in India.’

Piyush Goyal underlined that the scale of production will play a very important role in remaining competitive in the global market as higher prices of the products made otherwise can keep India out of the market. Highlighting the issue of maintaining the standard of products, the Minister said that he would endorse the issue of quality standards and urge all to participate to align with international standards as it will be the most critical aspect in the flagship ‘Make in India’ campaign.

POSTED BY Daily Shipping Times.

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First consignment of Nagpur Orange flagged off to Dubai

MUMBAI: First consignment of Nagpur oranges was flagged off to Dubai on 13th February 2020 from Vashi, Navi Mumbai. Total 1500 crates were loaded in the refrigerated container from Vanguard Health Care (VHT) facility. Nagpur mandarin in one of the best mandarins in the world. Production of this fruit crop in Central and Western part of India is increasing every year. Mrig crop (monsoon blossom), which matures in February – March, has great potential for export since arrivals of mandarin fruit in international market are less during this period. According to Maharashtra State Agriculture Department 40 lakh hectare land is under orange cultivation in Nagpur District and major orange growing pockets are Warud, Katol, Saoner, Kalameshwar and Narkhed in Nagpur and Amravati districts. In the whole region only one variety Nagpur Mandarin is grown.

For the implementation of the Agriculture Export Policy, (AEP) Nagpur District is being developed as a cluster for Nagpur Orange by APEDA. The APEDA officer in Mumbai has been nominated as a nodal officer for implementation of AEP and cluster development of Nagpur orange.

POSTED BY Daily Shipping Times.

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JNPT & Antwerp Port ink MoU to develop Port & Logistics Training Centre of Excellence

The Port of Antwerp celebrated the 10th Anniversary edition of its annual reception with one of the best Belgian captains of industry and Guest of Honour, Mr Wouter De Geest, Chairman of Flanders’ Chamber of Commerce & Industry (VOKA) and former CEO of BASF Antwerp, testifying as to why Antwerp Port is the ideal choice for a European hub and gateway.

The occasion also saw the signing of a Memorandum of Understanding (MoU) by Mr Sanjay Sethi, IAS, Chairman of Jawaharlal Nehru Port Trust (JNPT), and Mr Kristof Waterschoot, Managing Director, APEC, to establish the JNPT-Antwerp Port Training & Consultancy Foundation as the “Port & Logistics Training Centre of Excellence”. This is an enormous milestone achieved which will enable the Centre to offer industry relevant courses with practical implications in the future, said a release. The first such course, on “Handling of Dangerous Goods”, was conducted at the Centre last week by Mr Kurt Van Passen, an expert of the Port of Antwerp, together with the Belgium Customs Attaché, Ms Babette Desfossez.

The facility will now be a Centre of Excellence for the maritime sector in India, for Indian and international port and logistics professionals, it was highlighted.

Mr Wouter De Geest, in his address, emphasised that among the strategic priorities for Antwerp Port in 2020 are mobility, sustainable growth, safety and security, operational excellence, and the continuing transition to a new era. He highlighted some of its salient features as location, maritime and industrial clusters with all the technical services that are around, as well as innovation.

He also pointed out that the port delegation had a fruitful meeting with Shipping Minister, Mr Mansukh Mandaviya, in Delhi during this trip.

Mr Kristof Waterschoot said that the successful partnership of the JNPT-APEC Training Centre is being renewed with the signing of the MoU, the aim being to upgrade the facility and create a Centre of Excellence.

Mr Sanjay Sethi stressed that the JNPT-APEC Training Centre has been hugely beneficial and that the Centre of Excellence will be enhanced in scale and scope to play a nodal role for all kinds of training and intellectual exchange, with a wide range of programmes. The Centre has the potential to become a very significant institution which all stakeholders can become part of, he added.

He also made the point that new technology can be best used at ports to optimise the trade.

Earlier, Mr Luc Arnouts, Vice-President, International Relations & Networks, Port of Antwerp, shared an overview of the port’s steady performance in 2019 and reassured the audience of the port’s ever growing interest in India. He said the port had its seventh record year in a row in 2019 with 238 million tonnes of cargo handled, encompassing nearly 7 per cent growth each in containers and dry bulk. The top 3 ports for Antwerp in India are JNPT, Mundra and Hazira, with the leading products being containers, metal products and petroleum products, he added.

With Antwerp being the centre of three upcoming global conferences this year, the IAPH Global Port conference during March 17-19, the Antwerp XL during April 21-23 and the JOC Container Trade Europe during October 20-22, Ms Malini Dutt – India Representative of the Port of Antwerp, invited the logistics and maritime community to visit Antwerp and explore possibilities of collaboration between India and the Port of Antwerp business community, the release added.

Posted By Exim News Service.

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Great opportunity for Fresh Graduates..!!!

We are hiring freshers who are active learners and interested to make career in Freight Forwarding.
Connect with us as soon as possible on jobs@amilogistics.com
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