Port Wings 13 Dec 2017 Issue

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Dec. 13th - 19th Issue

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, December 13, 2017 8 Pages

Commerce Ministry Releases Mid-Tem Review of Foreign Trade Policy 2015-2020

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Mobile: 91-9884044255 www.sancotrans.com

Wing 4 Feather 17

Major Ports Register 3.46% Growth During April-November Chennai

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(-26.24%), Fertilizer Raw Materials (-23.33%), Finished Fertilizers (-11.76%) and other Misc. Cargo (-1.19%). In Kolkata Port, overall growth was 12.64%. Kolkata Dock System (KDS) registered traffic growth

Port Wings News Network ajor ports in India have recorded a growth of Port Wings News Network 3.46% and together he Minister of Commerce and handled 439.66 Million Tonnes Industry, Mr Suresh Prabhu released the much awaited of cargo during the period April Mid-term Review of the Foreign to November, 2017 Trade Policy (FTP) 2015-20 in New as against 424.96 Delhi on 5 December 2017. Million Tonnes The review was released in handled during the the presence of the Minister of corresponding period State for Commerce and Industry, of previous year. Mr CR Chaudhary, Finance Trading’ across borders. Information manufacturing and exports. The For the period from Secretary, Mr Hasmukh Adhia, based policy interventions will be issue of working capital blockage AprilNovember Commerce Secretary, Smt. Rita ensured through a State-of-the-Art due to GST has also been resolved. 2017, nine Ports Teaotia, Secretary Department of Trade Analytics Division. While Mr Chaudhary stressed on the need (Kolkata (including Industrial Policy & Promotion, Mr share in traditional products and to diversify the export basket. The Haldia), Paradip, Ramesh Abhishek and the Director markets will be maintained, the Export of agricultural products V i s a k h a p a tnam, General of Foreign Trade, Mr Alok focus will be on new products will be encouraged for increasing Chennai, Cochin, New Mangalore, of 4.33%. where Haldia Dock and new markets. The Commerce farmers’ incomes. Chaturvedi. Complex (HDC) registered positive Minister focused on transparency The Finance Secretary Mumbai, JNPT and Kandla) have “FTP will leverage the and trust with the industry and emphasized that the Government registered positive growth in traffic. growth of 16.70%. long term advantages” During the period April to CARGO TRAFFIC HANDLED Mr Prabhu in his keynote address maintenance of Quality Standards to has been very sensitive towards November 2017, Kandla Port AT MAJOR PORTS: exporters. The Export Package said that the FTP will leverage succeed in the international market. handled the highest volume of “help in making Indian exports was approved by the GST Council The highest growth was registered the long term advantages of the traffic i.e. 72.03 Million tonnes more competitive” resolving the problem of blockage by Cochin Port (17.93%), followed historic reform of the GST, in (16.38% share), followed by The Minister of State for of working capital. He further stated by Paradip (13.13%), Kolkata [incl. terms of reduced compliance and Paradip with 64.97 Million Tonnes logistics costs. The FTP will focus Commerce stated that the revised that ITC and IGST refunds for Haldia] (12.64%), New Mangalore (14.78% share), JNPT with 43.26 on exports from labour intensive FTP will help in making Indian exporters are being expedited and (7.07%) and JNPT (5.69%). Cochin Million Tonnes (9.84% share), and MSME sectors by way of exports more competitive. Under the explained in detail the process and Port growth was mainly due to increased incentives in order to dynamic and visionary leadership of procedure for refund of IGST claims increase in traffic of POL (25.15%) Mumbai with 42.33 Million Tonnes increase employment opportunities. the Prime Minister the government for exporters. He reiterated that GST and Containers (10.46%). There was (9.63% share), and Visakhapatnam Contd. on page -2 decrease in traffic of other Liquids with 40.95 Million Tonnes (9.31% Emphasis will be given on ‘Ease of has made schemes for boosting share). Together, these five ports handled around 60% of Major Port Traffic. Commodity-wise percentage share Commodity-wise percentage share of POL was maximum i.e. 34.02%, followed by Container (19.89%), Thermal & Steam Coal (13.07%), Other Misc. Cargo (12.37%), Coking & Other Coal (7.47%), Iron Ore & Pellets (6.58%), Other Liquid (4.22%), Finished Fertilizer (1.28%) and FRM (1.10%). The Ministry of Shipping has taken significant strides in the last three years to make India’s presence felt on the global maritime map. Various steps have been taken to provide a robust • India’s 1st fumigation company to be Experts in wooden pallet fumigation accredited with NSPM 12 Standards legislative framework, create capacities, impart and Heat Treatment • Fumigation of wooden packing material as per ISPM 15 standards skills to people, and create an enabling business Please Contact for your requirements: • Heat treatment for wooden packing material Contd. on page -2 Chennai

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Inside

Port Wings plans to bring out a special edition on account of NEW YEAR The special edition will carry articles from all verticals of EXIM trade and special interviews from well-known personalities in the sector.

For Pre-booking Advertisement space, Contact: K.Sivakumar - 9444222056, C.U.Satheesh - 7358020372 M.Richard Collins - 7358020375 (Tuticorin), Email: marketing@portwings.in Advertisement Materials cut off Date: 16th December 2017.

Federation Of Indian Export Organisation... Pg-3 JNPT Records 5.76% Growth in Container... Pg-3 VOC Port Creates New Record in Single Day... Pg-4 Paradip Port Creates All Time Record in... India Should Address Problems of... Vessel Position at Terminals and Ports... Latest Customs Exchange Rates... CMA CGM Group Completes Acquisition of...

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DP WORLD Consolidates 100% Ownership... Pg-8

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNI/GPO/067/2015-17 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Tuesday, Posted on Tuesday / Wednesday


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