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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, October 21, 2020
8 Pages
Anti-China Sentiments Across Globe Drive India’s Exports on Positive Trajectory: FIEO New Delhi Port Wings News Network eacting to September 2020 export figures, FIEO President, Mr Sharad Kumar Saraf said that the monthly exports have grown by 5.99 percent to USD 27.58 billion first time during the financial year 2020-21 showing signs of revival as gradual lifting
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of local lockdowns have further improved the business climate. AntiChina sentiments across the globe has also been one of the reasons for the improved performance in exports.
Besides, the exporters must be Mr Sharad Kumar Saraf complimented FIEO President for their e x c e l l e n t performance in spite of these challenging times. Mr Saraf reiterated that the arrest in decline of exports started during July with a lower negative double digit decline of 10.21 percent from a very high negative double digit decline of 60.28 percent during April, 2020 caused mainly due to lockdown measures followed across the globe because of Covid-19 pandemic.
As business activities and economic sentiments are inching towards normalcy globally, Mr Sharad Kumar Saraf added that exporters have started receiving a lot of enquiries and orders from across the globe helping many sectors to further show improved export performance, which is likely to get better and better in next few months. FIEO Chief, further added that integration in the global supply chain has also started showing signs of resilience further helping to give a boost to the Indian economy. 22 out of the 30 major product groups were in positive territory during September 2020, which itself depicts signs of revival in the sector. FIEO Chief said that looking at the performance of the labour-intensive sector of exports especially drugs & pharmaceuticals, engineering goods, RMG of all textiles, carpet, jute mfg. including floor covering and handicrafts has not only been impressive but some of them have also shown higher doubleContd. on page -2
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Prime Minister Modi To Unveil “Maritime India Vision 2030” Plan in November Mumbai
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Port Wings News Network etting up a `25,000-crore Maritime Development Fund (MDF) and a pan-India port regulatory authority are among the highlights of the Maritime India Vision 2030, a tenyear blue-print for the maritime sector, to be released by Prime Minister Narendra Modi at the Maritime India Summit in November. Maritime India Vision 2030, the latest avatar of the Sagarmala programme, outlines a raft of policy initiatives and development projects involving an investment of `3.5 lakh crore to double cargo volumes to 2,600 million tonnes (mt), which will help create over 2 million additional jobs (direct and indirect) and unlock additional annual revenue of about `20,000 crore for state-owned major ports. The MDF seeks to provide low cost, long-tenure financing to the sector with the Centre contributing `2,500 crore over seven years,
FumiGATiON SeRViCeS pVT LTD.,
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according to the document reviewed by BusinessLine. This is part of a plan to promote shipping tonnage (capacity) under the Indian flag. Updated law The regulatory authority will be set up under the new Indian Ports Act (to replace the century-old Indian Ports Act 1908) for enabling oversight across major and non-major ports, enhance institutional coverage for ports and provide for structured growth of the ports sector to boost investor confidence. Dispute resolution It will be tasked with national port planning as well as development of new ports, Contd. on page -2
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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2018-2020 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday