www.portwings.in
Lily line
Dec. 20th - 26th Issue
SANCO TRANS LTD
Offers
LCL & FCL Services Ex.Tuticorin, Cochin, Krishnapatnam, chennai to
• Container Freight Station (CFS) 1&2 • Container Terminal Operator • Transport & Heavy Equipments • Bonded, Warehousing & Distribution • Stevedores • Break Bulk Operation • Multimodal Transport Operator (M.T.O)
MALDIVES For Bookings: Raja Agencies
Mobile: 96009 40230, 96009 40240 Phone: +91-461-4200001, 2352275 Fax: +91-461-2353100 E-mai: liner@rajaagencies.in
Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, December 20, 2017 8 Pages
India’s Foreign Trade Records Positive Growth in November New Delhi Port Wings News Network xports during November 2017 have exhibited high positive growth of 30.55 per cent in dollar terms vis-à-vis November 2016. This is on the pattern of positive growth in exports in last thirteen months with a dip of 1.12 per cent in October 2017 vis-à-vis same period last year. US $ 26195.76 MILLION EXPORTS Exports during November 2017 are valued at US $ 26195.76 million as compared to US $ 20066.26 million during November,2016. In Rupee terms, exports were valued at Rs. 169912.50 crore as compared to Rs. 135699.47 crore during November,2016, registering a rise of 25.21 per cent. CUMULATIVE VALUE OF EXPORTS During November 2017, Major commodity groups of export showing positive growth over the corresponding month of last year are Engineering Goods (43.76%), Petroleum Products (47.68%), Gems & Jewellery (32.69%), Organic & Inorganic Chemicals (54.28%), and Drugs & Pharmaceuticals (13.39%).
E
Cumulative value of exports for the period April-November 2017-18 was US $ 196482.31 million (Rs 1267771.18 crore) as against US $ 175410.66 million (Rs 1174997.07crore) registering a positive growth of 12.01 per cent in Dollar terms and 7.90 per cent in Rupee terms over the same period last year. Non-petroleum and Non Gems & Jewellery exports in November 2017 were valued at US $ 19247.56 million as against US $ 15104.42 million in November 2016, an increase of 27.43 %. Non-petroleum and Non Gems and Jewellery exports during April -November 2017-18 were valued at US $ 143528.58 million as compared to US $ 126660.74
million for the corresponding period in 201617, an increase of 13.32%. IMPORTS Imports d u r i n g November 2017 were valued at US $ 40024.96 million (Rs 259612.29 crore) which was 19.61 per cent higher in Dollar terms and 14.73 per cent higher in Rupee terms over the level of imports valued at US $ 33461.87 million (Rs. 226288.21 crore) in November, 2016. Cumulative value of imports for the period AprilNovember 2017-18 was US $ 296459.17 million (Rs. 1913047.30 crore) as against US $ 243296.85 million (Rs. 1630199.71 crore) registering a positive growth of 21.85 per cent in Dollar terms and 17.35 per cent in Rupee terms over the same period last year. Major commodity groups of import showing high growth in November 2017 over the Contd. on page -2
`12
Mobile: 91-9884044255 www.sancotrans.com
Wing 4 Feather 18
Exports Back in Positive Territory With a Bang: FIEO New Delhi Port Wings News Network esponding to the Trade Data for the month of November, 2017, showing a sharp increase of 31%, Mr Ganesh Kumar Gupta, President, FIEO said that the global demand has surprised with its strength. The positive growth in exports in November, 2017 have been witnessed by China, South Korea, Taiwan, Singapore, etc. reflecting recovery in global demand, though India has emerged as a top performer. 24 out of 30 major product groups were in positive territory including Engineering goods, Petroleum, Gems and Jewellery, Organic & Inorganic Chemicals, Drugs & Pharmaceuticals, Marine exports, Plantations, Cotton yarns, Fabrics & made-ups and Plastics & Linoleum. However, the major growth contributors were Engineering, Petroleum, Gems & Jewellery, Organic & Inorganic Chemicals, Marine and Pharma. President, FIEO hoped that the support given to the labour intensive sectors in the Mid-Term Review and the package announced for the Leather Sector today (15 December 2017) will boost job creation in these sectors besides additional exports.
R
He exuded confidence that the problems in GST refund would also be mitigated in the days to come to ease out liquidity for Mr Ganesh Kumar Gupta, exporters. President, FIEO However, the declining trend in sectors such as Fruits & Vegetables, RMG of all textiles, Jute Manufacturing including floor covering and Carpet needs to be analysed to address them as these sectors are highly employment intrinsic. FIEO President said that issue of embedded taxes on exports, GST on Sea and Air freight for exports, Seamless timely refund should be the priority of the Government besides managing high volatility in exchange rate. The Government should also gradually extend the MEIS to other sectors of exports since they are also facing numerous challenges in exports. Mr Gupta admitted that there are signs of green shoots for next year but there are still head winds including uncertainties, protectionism and volatility in currencies.
FUMIGATION SERVICES PVT LTD.,
• India’s 1st fumigation company to be accredited with NSPM 12 Standards • Fumigation of wooden packing material as per ISPM 15 standards • Heat treatment for wooden packing material • AFAS accredited fumigation agency (Australian Quarantine) • Phyto Sanitary Certificate Arrangements • Container Fumigation • Ship holds Fumigation • Ware House Fumigation • Disinfestation of Vessels • All Type of Residential & Commercial Pest Control Services
Wishes its Readers, Advertisers and Well Wishers a Merry Christmas
Experts in wooden pallet fumigation and Heat Treatment Please Contact for your requirements: FUMIGATION SERVICES No.1, Buddu Street, 3rd Floor, Chennai - 600 001 For Booking : 4242 7777, 2521 3409, 2522 1241 booking@fumi.in For PQ Arrangements : 2521 7488, 2224 2175 pqfumigation@fumi.in For New Enquires : 2522 0626, 2522 5061, 2524 0672 fumi@fumi.in Branches: Bangalore, Cochin, Coimbatore, Delhi, Guntur, Hosur, Hyderabad, Kakinada, Krishnapatnam, Mangalore, Mumbai, Mundra/Gandhidham, Tuticorin, Vizag
www.fumigationservice.com
Follow us in twitter @portwingsnews Visit
www.portwings.in for Latest News
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. Advertisement Materials cut off Date: 22nd Dec. 2017
For Pre-booking Advertisement space, Contact: K.Sivakumar - 9444222056, C.U.Satheesh - 7358020372 M.Richard Collins - 7358020375 (Tuticorin), Email: marketing@portwings.in
India Achieves 19% Growth During... Pg-2 Cruise Vessel Celebrity Constellation Opens... Pg-3 India To Host 3rd Annual Meeting of Asian... Pg-4 Trade Talks in WTO Meet Collapses, as US... PM Modi Dedicates INS Kalvari to the...
Pg-4 Pg-5
Vessel Position at Terminals and Ports... Latest Customs Exchange Rates... Cabinet Approves Special Package for...
Pg-6
AirBridgeCargo, DHL Global Forwarding...
Pg-8
Pg-7 Pg-7
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