participants consider decarbonization to be a top-three priority for their business, but there are significant barriers: global targets are not sufficiently ambitious and not adequately supported by local regulation. the high cost of sustainable aviation fuel (SAF) leisure passengers are reluctant to absorb the cost of lower emissions solutions; and, many within the aviation industry are skeptical about
the role of carbon offsets. The scale of the challenge is significant – pre-COVID-19, aviation produced around 1 billion tons of carbon emissions in 2019: around 3% of the world’s annual total. And yet, aviation can and has to do more when it comes to decarbonization. IATA’s 20-year growth forecast estimates global air passenger growth could be in the range of 1.5%
and 3.8%. In fact, aviation could represent up to 22% of global emissions by 2050 if demand increases as expected and other sectors decarbonize more quickly. There is broad alignment on this view across the sector. Over 90% of aviation industry leaders consider decarbonization to be a top-three priority for their business.
PIFORE, SPICEXPRESS TO INTRODUCE ELECTRIC PLANE IN AIR LOGISTICS SECTOR DHIMANT BHATT Mumbai: Pifore Private Limited, a general aviation start-up company and SpiceXpress, the largest cargo airline in India have collaborated to introduce zero carbon emitting electric aircrafts in the air logistics industry. This first of its kind joint initiative is envisioned to disrupt the domestic air cargo market with its cost effectiveness and environment friendly operations. Memorandum of Understanding (MoU) has been signed between the two companies, Where Pifore shall provide the electric cargo planes exclusively to SpiceXpress whereas the cargo airline shall provide the guidance and mentor-
ship to Pifore to help enable them to build an effective product jointly. “We are happy to be associated with Pifore Private Limited on the pioneering project and leveraging our strengths to continually bring in technological advancements in the air logistics arena.” said the Chief Executive Officer, SpiceXpress, Mr. Sanjiv Gupta. SpiceXpress is the largest cargo airline in India with its network spanning over 54 domestic and 45 international destinations and having a varied aircraft fleet of 21 dedicated cargo planes. The company is capable of handling flying capacity of over 650 tonnes of cargo per day to both domestic and a wide list of international destinations.
Commenting on the development CEO – Pifore Private Limited, Mr Sunil Tiwari said, “SpiceXpress has always been an innovative and tech driven cargo airline and we are extremely proud and excited about our partnership. It is a great opportunity for us to combine our expertise and innovation to provide a new age product to the air cargo industry.” Pifore group is focusing mainly on Aviation Industry, Renewable Energy, Rural Facilitation Center’s, and Retail Store’s. Developing India’s First-Self Sustainable Zero Carbon Airport by bringing all the latest Innovation to India, to keep India a step ahead with the Global Market.
“The venture will be proved to be one of the revolutionary step towards bringing affordable transportation mode to India. Future of Aviation Transport is Electric Plane’s. As Indian Aviation and Airlines are struggling because of the increasing Fuel price,” Sunil Tiwari CEO, Pifore Group
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EXPORT
NIB
INDIAN AGRO EXPORT RECORD AND FUTURE OPPORTUNITIES
IMU CHENNAI
Hon’ble Minister MoPSW Mr. Sarbananda Sonowal, inaugurated the Marine Workshop of Indian Maritime University (IMU), Chennai and dedicated (virtually) New Buildings of the IMU Visakhapatnam campus. The IMU is an important institute and is providing world class education, training and research facilities for students.In the words of former President of India, Dr APJ Abdul Kalam the minister quoted his inspirational words:- “If you want to shine like the sun, first burn like the sun.” He urged the students of IMU to commit themselves to hard work, take all opportunities and become global citizens.
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ndia overtakes Brazil, becomes Arab countries’ largest food supplier after 15 years. India overtook Brazil in food exports for the first time in 15 years as the Covid-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazilian Chamber of Commerce. The Arab world is one of Brazil’s most important trading partners, but its distance from those markets has increased as the pandemic hit global logistics. The data pointed out that Brazil accounted for 8.15% of the total agri12
business products imported by 22 league members last year, while India captured 8.25% of that trade, ending Brazil’s 15year gain. Despite remaining competitive “from the farm gate”, Brazil lost ground to India and other exporters such as Turkey, the United States, France and Argentina amid the disruption of traditional shipping routes. According to the chamber, Brazilian shipments to Saudi Arabia that once took 30 days are now taking up to 60 days, while India’s geographical advantage allows it to send fruits, vegetables, sugar, grains and meat within a week. is
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permitted. Brazil’s agricultural exports to Arabia grew only 1.4% last year to $8.17 billion. Chamber data showed that between January and October this year, total sales stood at $6.78 billion, up 5.5%. China’s push to promote its own food inventions during the pandemic also diverted some of Brazil’s trade with the Arabs. Major countries such as Saudi Arabia stepped in to boost domestic food production while looking for alternative suppliers. “This is a turning point. The Saudis are still a big buyer, but they are also a net re-exporter of food,” the chamber said in a statement.
Clean Port initiative: Shri S.K. Mehta, IFS,Chairman, DPT in presence of Shri Nandeesh Shukla,IRTS, Dy.Chairman and Sr. Officers, as a part of ‘Swachh Bharat Mission’, & ‘Clean Port Initiative’ under MIV-2030 flagedoff 02 nos. of truck mounted Road Sweepers. Based on advanced mechanical sweeping technology with cleaning capacity of 30,000 sq. m. per hour each and without use of any suction system. Machines are fitted with Water sprinkler nozzles & Cameras. These are all weather machines with very lowest costs of operations and maintenance.
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DPT Shri S.K. Mehta, IFS, Chairman, DPT, Kandla received the prestigious International Samudra Manthan Award 2021 for the category ‘Best Major Port of the Year (Cargo)’, by Shri Sanjay Bhatia, Retired IAS, Hon’ble Up - Lokayukta of Maharashtra. Shri S.K. Mehta, IFS, Chairman, DPT congratulated the Trustees, Officers, Employees, Workers, Unions of DPT and Port Users operating at the Port for their whole hearted support and cooperation for achieving this award and handling highest cargo throughput during 2020-21 among all Major Ports and retaining No.1 position for 14th consecutive year. DPT endeavors to continually enhance and upgrade its capabilities in a holistic manner. Top achievers of Maritime Fraternity were felicitated at the Ceremony, which brought together the leading lights of the Maritime Trade and Industry Stalwarts under one roof to cheer and applaud key achievers of the Awards. Hon’ble Mr.Justice Krishna Murari, Judge Supreme Court of India, visited Deendayal Port-Kandla, India’s No.1 Major Port. Shri Nandeesh Shukla, IRTS, Dy. Chairman, DPT briefed the dignitary on the working of the Port, Navigational Channel, waterfront & Infrastructural Facilities On his visit, Guard of Honour was given to him at North Gate Kandla by CISF
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Ms Sangeeta Singh,IRS, Hon’ble Member of Central Board of Direct Taxes, New Delhi along with senior officers of income tax Dept. today visited Deendayal Port-Kandla, India’s No.1 Major Port. Shri Nandeesh Shukla, IRTS, Dy.Chairman-DPT briefed them about the Port and Infrastructural Facilities.
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Explanation.––A commercial dispute shall not cease to be a commercial dispute merely because— (a) it also involves action for recovery of immovable property or for realisation of monies out of immovable property given as security or involves any other relief pertaining to immovable property; (b) one of the contracting parties is the State or any of its agencies or instrumentalities, or a private body carrying out public functions; Commercial Claim means: A claim arising out of the transaction of trade and commerce and includes any claim relating to (a) a business Document or contract (b) the export and imports of goods (c) the carriage of goods by land, see, air or pipeline (d) exploration of oil and gas reserves or other natural resources (e) insurance and reinsurance (f) banking and financial services (g) the operations of markets and exchanges (h) the purchase and sale of commodities (i) the construction / repair/ maintenance of ships or machinery including services provided to the ships (j) business agency ( any type of product or service providing agency in relation to the commercial trade) (k) arbitration COMMERCIAL CASE / SUITS MEANS: Legal action against the debtor / Defaulter in a competent commercial court having jurisdiction (territorial and pecuniary “more than Rupees Three lakh” value both includes). Commercial Court means:Designated commercial court in District level and State level. At District Level:Commercial Appellate Court & Commercial Court “Principal District judge and Additional District Judge or equivalent or designated / Appointed Judge.” At State Level:Designated commercial appellate
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division of High Court (Double bench in general) “Any Judge appointed by Chief justice of high court of state” Designated Commercial Division of high Court of Delhi, Mumbai, Kolkata, Chennai, and Himanchal Pradesh “Ordinary original civil jurisdiction” (Single bench in general) From territorial point of view:1st case – Both party belongs to India , resides in India, work for gain / doing business in India, having branch office in India, Citizen of India, disputes / cause of action arises with in India. 2nd Case – One party belongs to out of India, work for gain / doing business in India, having branch office in India and physical property in India, disputes / cause of action arises with in India OR out of India. 3rd Case- Other party / opponent belong to other country, work for gain or doing business in India but not having any branch office or physical property in India, disputes / cause of action arises with in India OR out of India. “No arbitration clause in contract” (In general EXPORT IMPORT Disputes or individual trader disputes) 4th Case- Arbitration disputes includes domestic and international arbitration both. @ In 1st, 2nd & 4th case – Recovery possible through legal action and fair and good chance of recovery @ In 3rd case – Recovery possible through administrative action but chance of recovery very less. How to initiate a commercial case against defaulter / debtor:• Find out an experienced advocate practicing in commercial court particularly looking business disputes. • Send a legal notice through an advocate, if not reverted.... • Through Commercial court there is a mandatory Pre – Institution mediation and settlement provision, if not reverted.... • File a case for commercial debt recovery civil suit in competent commercial court. • ### In general:• Initial Commercial recovery civil
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suit will be presented at District level • ### In general:• International Arbitration dispute will be presented in High Court of state (Award Execution) • Domestic Arbitration dispute will be presented in district level (Award Execution) • ### In dispute of Appointment of Arbitrator:• In international arbitration – The Apex Court will act • In domestic arbitration – The high Court will act @ LIMITATION PERIOD FOR INSTITUTION OF SUIT:Three years from the cause of action (depends on action of both parties) @ LIMITATION PERIOD FOR EXECUTION OF ARBITRATION AWARD:• In international arbitration award – 03 years • In domestic arbitration award – 12 years *** Step by step time limit case management is a positive feature of “THE COMMERCIAL COURT ACT, 2015”***
Adv. Akhilesh kumar
akhilesk.bhatt77@gmail.com +918527663871 Ahmedabad, Gujarat
To be continued in next part……….
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