Alr.-INme Ltquto Bulr Ivponrnns s ExpoRrERS AssocnrtoN

t\
' -' ' .
\-ZAILBIEA
'
of
An in-housee-newsletter
AssocnrtoN
Alr.-INmeLtqutoBulr Ivponrnnss ExpoRrERS
JANUARY- MARCH 2014:VOLUME VIII
FOR PRIVATE CIRCULATION
ONLY
due to multipLefactorswhich set the
subsequently,
a l a r mb e l l sr i n g i n ga n d f e a r so f a w a s ho u t L o o m i n g
L a r g ei n t h e m i n d s o f T r a d ea n d I n d u s t r y . T h i s
growthvisattributedto weakeningof in industrjaL
B a n ko f I n d i a ' si n t r o d u c t i o no f t i g h t
i-vis Reserve
m o n e t a r yp o l i c yt h r o u g hm o s t o f 2 0 1 . L - 1 a2 n d t h e
c o n t i n u e du n c e r t a i n tiyn t h e g l o b a le c o n o m y .
T h eg L o b ael c o n o m cy o n t i n u e tdo g r o wa t a s l o wp a c e
i n 2 0 1 . 2 . I n2 0 1 , 3t,h e w o r l de c o n o m yw a s e x p e c t e d
t o i m p r o v e ;h o w e v e rt,h e r e c o v e r yw a s s L o wa n d
u n c e r t a i n I. n f l a t i o n d i d e a s ei n 2 0 1 " 2 - 1v3i s - i - v i s
h i g h e rL e v e Lwsh i c hw e r ep r e v a L e innt 2 0 L 1 " - 1 ' 2 .wI ta s
e v i d e n t h a t t h e p a c ed e c l i n eh a d b e e ns l o w w h j c h
Bankof India to
deniedthe flexibiLityto the Reserve
rates.
sufficientreductionin PoLicy
.rndertake
W h i L s t h e I n d i a n E c o n o m yw a s e x p e c t e dt o g r o w
betterthan the previousyears,which unfortunately
economy,
worsewith gLobaL
feLL
short,mattersbecame
Let us hopethat NewYear201.4bringsjn Lotof respite too, showinguncertainty.However,
with the reform
c h a n g e sf r o m t h e g t o o m ye c o n o m i c
and refreshing
m e a s u r e us n d e r t a k e sn o m et i m e b a c k t o i m p r o v e
lastyear"Thesoaringof US$ and
trendsexperienced
i n v e s t m e nst e n t j m e n tisn t h e e c o n o m ya s w e | .aLs t o
devaluationof Indian Re. was a major deterrentin i m p r o v et h e f i s c a l s j t u a t i o n ,b e s i d e st h e h o p e so f
progress
of economicgrowthandstabiLityof Industries i m p r o v e m e ni nt t h e g l o b a le c o n o m yt ,h e r ei s a g o o d
aLLover the country.To add to the
and businesses
reasonto expecta decentrevivaIof growthin 2014.
o n g o i n gm i s e r i e ss, t e e pj n c r e a s ei n p r i c e so f f u e l , UndoubtedLy,
these are basedon the premisethat
etc. fuelled uncertaintyof the
energy,vegetabLes,
monsoonwiLLbe normal,rate of inflation declines
magnitudeof turbulenttrendsandthat of the destiny further and the anticipatedmi|.dof recoverygLobaL
in store!
growthtakesplace.
Wishing you a very Happy and a ProsperousNew
Year-20141
W i t h a b o u n t j f u lm o n s o o na. n d a r e c o r df o o d g r a i n Notwithstanding
the yearahead
the abovescenarios,
production,agriculturehas been the saviorof the
is going to be very significantand critical for the
I n d i a ne c o n o miyn 2 0 1 3 .A t a t i m e w h e nt h e r e ' i sa n countrywith the generateLections
to be
scheduted
a [ a r o u n dd o o ma n dg l o o m- i n d u s t r i aol u t p u tf a i | . i n g heldsometimein 2ndquarter.Thesentiments
andmood
sectorrefusingto took
to keeppace,manufacturing
prevailingin the country[goingby the resultsin New
growing,fiscal deficit mountedand
up, jobtessness
the voters
Dethicity electionslis for a change.WiLL
Level
the currentaccountdeficitgrewto a worrjsome
to ring
and
moods
sentiments
their
be ableto sustain
- i t w a s o n l y a g r i c u l t u r et h a t p r o v i d e da g l i m m e r
in the change? 0R, with passageof time, wi[|.the
of hope.
voters give 'in to the populist trend of letting the
T h eI n d i a nE c o n o mwy a se s t i m a t e tdo h a v er e g i s t e r e d rulingpartycontinuein officefor anotherterm?,being
a growth rate of 5.0 per cent in 2013 jn terms of
grossdomesticproductat factorcostat constant20042005 prices,followinga growth of 6.2 per cent in
of havinggivena shockandwarningto them
sat'isfied
thru'the NewDeLhidebacle!It is foo[hardyto predict
the courseof the electoraldominanceof any party
2011.-12H
. o w e v e r ,t h e r e h a d b e e n a s L i d e , g i v e n t h e u n c e r t a i n t ya n d t h e d i v e r s es e a t s
d'istributionsspreadacrossdifferent states
country.
'in the
remove
whichwil"L
and measures
schemes
break'ing
policies
and'introduce
taxesandtaxation
someabsurd
healthyandtradefriendlytaxationschemes.
Whateverbe the outcomeof the generalelections,
at a timewhenit
act of the government,
the fate of Indian economyhangson a thin w'ire Thisrescue
js neededthe most,is sureto be welcome
by the
coupledwith the frag'i[egtobaleconomywhich,too,
propel
w'i[|.
certain|.y
industry,
and,
trade
and
and threatensto snowballjnto entire
is not so encouraging
infusingtremendous
to newerheights,
the economy
in the TradeandIndustryof governrnent's
confidence
TheTradeand Industryis, in fact, stit[ reelingunder trueandhonest
intent'ions
of beinga partnerinrevival
the adverseafter effects of US $ surge,which has of Ind'ianEconomy!
dust storml
s e n t t h e e c o n o m i c so f b u s i n e s s e hs a y w i r ea n d
housesaredesperately
wayward.Mostof the IndustriaL
and,austeritydrives
introducingcostsavingmeasures,
havebecomethe orderof the day.Underthesetry'ing
'it wou|'dbe prudentandjustifiabLe
for
circumstances,
measures
to comeout with pragmatic
the Government
aretryingto balance
We,at the LiquidBu[kAssociation
betweenthe
collections
out the issuesof revenue
manner
in a harmonious
andthe Trade,
departments
thatthereis noroomforpanicforeither
andensuring
of revenue.
to'BYPASS'
sidewith regards
meetin
WearehavingourmuchsoughtafterannuaL
Mumbai
Point,
Nariman
Trident,
March201,4
at the
21,whereweintendto makethiseventverypurposeful
Burdenof high rate of taxation,introductionof more
e r o u r m e m b e rasn d t h e
a n d h i g h [ y' i n t e r a c t i vf o
of taxes'in a stringent
and moretaxes,assessment
port andothergovernmental
departments.
'insistenceon revenue,
mannerto rake in more collections,
profiLe
high
eventby
this
for
of
detaits
Watchout
paymentof high advancetaxesto meetthe revenue
'informatjon.
ourofficefor more
contacting
s c h e m e st o p r o v i d et h e m u c h
and relief-oriented
neededsoothingbalmto enablethe woundsto heal.
targets,etc. are bound to stunt and eventually
weltwishers
andfriendsa
our members,
is very WewishaL|.
decimateindustrialgrowth.And,this scenario
, E A L T H YP, R O S P E R OAUNSD A
fearsomeand worrisomefor the Tradeand Industry. V C T yH A P P YH
YEAR
AHEAD.
VERY
SUCCESFUL
for the Government FINANCIALLY
Thetime is ripe and appropriate
help and introducepath
to extend alL ass'istance,
JayantLapsia
Fictrsc
TAYAttIT
I.APSIA
ofiril Inrnvrf*s &
p$bruklng
rd*dom to
rin#ify yoor life and rudiroovtr
yanr potendrf
.E*n'rro,
tic ,.Ji.uf
trcnrlfcr-"atc, t, -1*u, life.
Crffirrsed ffi br
h
ffits l{trrl
ffi.lfTrorF
Hn
ictdarnlG*psruh
hEl
lnh&n/hld
Gordtlm
GrtCn
IHI*fu
l$ll5ilH{rde
acrlarlf,
OttIl:rrhf
ffir
Off Ehrftonrr llanHrrt LI E
{S.rt}.
H'{000*Srft l3 at.'l lft$
jryrnt-lrf *ll!gtn$"coa. ffi
,clm*
lT*rlhr]&trffiI
AdvantageKPCT
TheNavayuga
Groupof Companies,
KPCT
hasevolved
asa benchmark
to the newportsthat
Indiais competing
againstthe g[obaIshareof NewPortsfor IndiaVision2020.
planned,
TheUS$3BillionInvestment
whichwi[[be
port
year
the largest
20L6-2017
by the
with annual
capacity
of 200MMTPA
handling
and42 berths,
about
perannum,
6 MiLtion
TEUs
Krishnapatnam
PortwouLd
be the finestportin the
EastCoastof India and the port of choicefor the
Eastern
Hub,surpassing
riva[s[ikeChennai
Portetc.
Someof the satientfeaturesof Krishnapatnam
Port
arebeinghightighted
below.
Coveredwarehousespace- 100,000sqft
Repair& Maintenance
facility for Gontainers
Warehouse& yard managementsoftware
RailsidingwithinCFS
State-of-artsecuritysystemwith 24x7 CCTV
monitoring
World-class
MarineI nfrastructure:
Wide& straightchanneL
of 6.5 NM
Deepest
draftport in Indiawith 18.0mts.To
be increased
to 21.0mts
4 nos.of mostmoderndedicated
tugs , with
capacities
from4000to 4800bhp.Portowned
- 6 nos.
dredgers
. Gustomsfacility: FunctionalcustomEDI 1.5
connectivityDedicated
Customs
staff within the
Terminal
. CFSto be developedwithin port
TotalArea - 48 acres.Provisionto expand
up to 300 acres
Capacity- 6,000 TEUs
Seamless
congestion-free
connectivity
4-[anddedicated
road.Wil"L
be upgraded
to
6-taneroad.Dedicated
railway[ine.DoubLing
workunderconstruction.
Contd..>>
3
T h e s p a c ea v a i [ a b i | . i t a
y n d t e c h n i c a [ [ ys u p e r i o r fromApril-December
201.3,
KPCT
hashandled
42,553
facitities,certain[ymakesKrishnapatnam
Port, the TEU.
Theportis lookingat exponential
growthin the
port of the future on the east coastof India unlike future.
other ports that are challengedby congestionand
poorconnectivity.
Krishnapatnam
Portis expectedto
The
acceterate
the growthof this regionas an industrjat
h u b a n d a l s oa i m st o b r i n g a p a r a d i g ms h i f t i n t h e
I n d i a nS h i p p i n ga n d C o n t a i n eTr e r m i n aol p e r a t i o n s .
Krishnapatnam
P o r t C o n t a ' i n eTr e r m i n a L
( K P C T )a,
w o r l d - c | " a scso n t a i n e r t e r m j n a Lo p e r a t e d b y
K r i s h n a p a t n aP
mo r t h a s s e t a n e w b e n c h m a r ikn
vast atea, state-of-the-art
equipment, deepest draft in the county,
efficient & ransparent operations and
unparallel road & rail connectivity is
transforrning KPCT into the Container
terminal of future on the East Coast of
India.
o p e r a t i o n a Ie f f i c i e n c yb y a c h i e v i n gB e s t C r a n e
performance
record.
The vast area,state-of-the-artequipment,deepest
draft in the county,efficient& transparentoperations
0n December
24, 2013duringMSC's
weeklyserviceto
andunpara[[e|'
road& raiIconnectivity
is transforming
Colombofrom KPCI its vesseLMV MSCSIERRRA-II
KPCTinto the Containerterminal of future on the
becamepart of an hjstoricmomentwhen 641 TEUs
EastCoastof India. It is we[[ connectedby a 24-km
wereexchanged
with the vessel,with a recordhourly
d o u b l e - L i nrea i [ ( w i t h a n o n - d o c kr a i I a d j a c e n t o
crane product'ivityof 48.6 containersand a berth
Container
Yard)and4-[aneroadsto the nationalgrid,
productivityof 96.64 containersper hour. 2 super
makingfor swift accessand evacuation
of conta'iners
post-panamax
quaycranes,wereusedby the terminaI
and cargo.
to ach'ieveits most efficientcraneproductivity.
The support infrastructureLikecoveredwarehouse
facility to an extent of 200,000sq. ft is available
towardsstuffingandde-stuffingof containers
at KPCT.
jnside
Separate
fumigationzonehasbeendeveloped
the termina[.SpeciaL
facilitiestowardshandLingof
hazardous
non-hazardous
and
cargoalso havebeen
providedinsideKPCT.
I n a d d i t i o nt o t h i s t h e t e r m i n a l h a s a d e d i c a t e d
customsfaciLitywith functionaL
EDI(electronicdata
interFace)
to process
a[[the documents
to enablefaster
clearance
of consignments.
Thecurrentcargoprofile
of KPCTincludesbarites, cement, chi[ies, coffee,
This has been Krishnapatnam
P o r t ' sb e s t c r a n e cotton,equipmentand relatedspares,feldspar,food
performance
at KPCT
and probablyone of the highest products,granite,human hajr, maize,mangopuLp,
achieved
b y a n y c o n t a i n etre r m i n a il n I n d i a .
m i c a , p o t a s h f e [ d s p a r ,p a c k a g i n gm a t e r i a | . s ,
polypropylene
granutes,
puLses,
PVCproducts,quartz,
Themainl'inerssuchas Maersk,MSCandthreefeeder
rice,sheetmateria[,shreddedscrap,sugar,tobacco,
services
BTL,XpressFeeder
and FarShippingregutarty
turmericand wastepaper.
ca[[ at KPCTbecauseof fasterturnaroundtime with
averageberthingtime for the vesselsbeing90 minutes Besidesmar'nLineoperators,the terminal has also
and tra'ilerturnaroundtime being 50 minutesfrom receivedgood supportfrom NV0CCs.
With strategic
entry to exit of the port unlike others ports in the tie-up with MLOsandfeeders,freightforwarders,
CHAs
country.
( c u s t o m sh o u s ea g e n t s ) ,L S P s( [ o g i s t i cs e r v i c e
providers),
(containertrain operators)and ICDs
CTOs
(inLandcontainerdepots),KPCT
is provingto be the
preferred
containerhandLing
destinationby the world
The effic'iencyis evidentfrom the volumesthat are
i n c r e a s ' i nmgo n t h - o n - m o n taht t h e t e r m i n a l .
In FY 201.2-1.3,
KPCThandled1,3,547TEUwhereas tradeon the EastCoastof India.
4
said.
source
ports have a positive impact on GDP - tndustry
percentsincethe pasteightyears,the country's
with India,sexportimporttradegrowingat a strong18
andhavehada positiveimpacton
portshaveptayeda majorrolein bothinwardandoutwardshipment
to industrysources'
according
product(GDP),
the grossdomestic
and
implyingthat enhancement
product,
withthe grossdomestic
India,sportshavea positivecorrelation
'
wouldbe a criticalenablerto growthof the Indianeconomy'
of port infrastructure
development
of coalfor generating
consumption
drivenby domestic
Growthof India,sportindustrywouldbe primaril.y
Thissectorhas hidden
and containers
requirements
power,crudeoiLfor meetingdomesticpetroleum
theysaid'
aswe[[asindividualcompanies,
of the economy
potentialbothfromthe perspective
their marketsharefrom25 percentin 2002-03to 42
portshaveincreased
Non-major
percentin 201'2-13
Q & Awith Dr. B. R- Gaikwad
EoUmanufacturing
D i r e c t o r& P r e s i d e n t unfriendlyduty structure,wF's
o/o
at VVFLtd. Fatty Alcoholsneed to pay 7.5 customsduty
SpecialProjects
at zeroduty.
a n d V i c e C h a i r m a n for its localsaleas againstits import
several representationsto the Financeand
CHEMEXCIL
commerceMinistryto resolvetheseburningissues
feel
1) How do You
remainedunattended. such delays in resolving
Ltd
WF
helPed
AILBIEAhas
industry problemsare not only hurting the
in the last 13 Years to domesticgrovuthof Indian oleochemicalindustry
achievewhattheYhavewith but are also adverselyimpactingits exports'
the variousGovt.Agencies
Dr.B.R.Goikwad
facedfor the fiscalyear
etc' 3) Whatare the chattenges
visa vis Customs-Ports
withthecurrent
you foresee
& Whatchanges
2013-2014
AILBIEA
of
members
vvF is one of the founder
dollarruPeescenario.
AILBIEA
activities.
its
with
andcloselyassociated
currencyrateshasadversely
in Rupee-usD
hasbecomethe platformto the industryof liquid volatility
the marginsof our industry dealing in
bulk importersand exportersto representtheir affected
we havesubstantial
authoritiesfor its speedy commodityproducts.Though
problemsto Government
we are import dependentfor our raw
redressal.vvF has experiencedthem convincing exports,
always
and hencesuchvolatile Gurrency
governmentauthorities in fast clearanceof their materials
our costs, affecting margins to
bulk exportand import cargos,therebyhelpingin i n c r e a s e s
scale.
unpredictable
reducingtransactionalGosts.
's
with the
Projectsat v.v.F 4) what wouldbe vvF Ltd visionfor Exports
speciat
and President
2) As Director
facedbyyou with the currentlnflation in lndia.
Limitedwhatare the challenges
changinggovt.Policies,
wF is integratingandoptimizingits oleochemical
(Eou) facility at Taloja.we have
V V F a n d o t h e r O l e o c h e m i c a l sa n d S o a p manufacturing
whichwill
plant in Indonesia
companiesin Indiaarethe victims alsoset up fatty acid
manufacturing
our Indian facility and will help us to
of invertedduty structurefor the finishedproducts support
optimize our raw material costs. we are also
manufacturedbythemanditsimportedraw
support to incentivizehe
Government's
materials.Especiallywith ASEANFTA,most of the seeking
of value added products and focused
finished productsare getting importedat nil or exports
with all theseefforts, we are confident
reducedduties and henceits local manufacturing countries.
our exportsof our products'
has becomenon-competitive.with Government's to increase
5
MbPTat GargoTransportLogisticsExhibition2013
held at
MumbaiPort Trustparticipatedin CTL2013 (CargoTransportLogisticsExhibitionand Conference
WorldTradeCentre,Mumbaj.Mr. RajeevGupta,Chajrman,MbPT,as the guest of honour,inauguratedthe
s u r i n gt h e i n a u g u r asI e s s i o nT. h et h e m eo f t h e c o n f e r e n caen d
e x h i b i t i o na n d d e h v e r e da s p e c i a aL d d r e s d
"shipping
and way ahead".Lot of interestsand
and integratedlogistics,its sustainabiLity
exhibitionwas
enquirieswerereceivedin the MbPTsta|.[regardingthe new projectsMbPThad exhibited.It evokedpositive
from the visitors.
responses
and appreciatjon
Mr. Rojeev Gupta, Chairman, MbPT at the exhibition
Q&'U l"rrt
fo'*
TIMITED
PETROGHEM
SUPREME
400021,India
Point,Mumbai
Nariman
Chambers,
Office:612,Raheja
Registered
+
Tel:+ 91 2222883518/20Fax: 91 2222883521
Park,167,
Corporate
Sthfloor,Solitaire
Office:Bldg.No.11,
Corporate
(East),
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Chakala,
LinkRoad),
Marg,(Andheri-Ghatkopar
GuruHargovindji
+
+
4005
22
5681
Fax
91
22
1900
Tel:
91
6709
India
400
093,
v1/.supremepetrochem.com
Mumbai
\^
- Village
Amdoshi
/ Wangani,
Maharashtra
Plants:
.
+
| 222548
402106,India Tel: 91 2194222540
Maharashtra
Dist.Raigad,
- Ammulavoyil
Post,
Andarkuppam
Village,
Tamilnadu
600103,India
NewTown,Chennai
Manali
d
6
JN Porthandles62.50MT cargo,4.12MillionTEUsin 2013
JNPCT'Sthroughputsees an impressive6.60% growth
Mr. N. N. Kumor, Choirmon, JNP cutting the cake in the customary New Year meeting olong with Mr. Ashish Kumar Bose,
Chief Manager (Traffic), JNE Mr. Ajoy Singh, CEO,DP World Nhova Shera, Mr. PK. Agarwal, CEO,APM Terminols Mumboi,
Mr. S K. Koul, Chief Monager (Admn) & Secretary JNPand Mr. Amit Sharan, CISFCommandant, JNP.
JawaharlalNehruPort(JNPort)handled62.50million
tonnes of totaI cargoduringthe calendaryear 201,3
a s a g a i n s t6 4 . 2 2 m i [ [ i o nt o n n e so f c a r g oh a n d l e d
during the previousyear. 0f the total, the shareof
Thiswas highLighted
at a tradeget-together/cake
cuttingceremony
organised
at the PortAdministration
Buildinghereon January
3,201,4whichwaspresided
overby Mr N N Kumar,
IRS,Chairman
of Jawaharlal
containerized
cargowas 55.31.mi|.[ion
tonnes(S8.50 NehruPortTrust(JNPT),
Headsof Department
and
percent),Liquidcargowas6.40mitliontonnes(10.24 seniorofficia[s
of the Port.Representatives
of the trade
p e r c e n t ) a n d t h e r e m a i n i n g0 . 7 9 m i l t i o n t o n n e s werealsopresent
in strength.
(1,.26010)
was miscetlaneous
cargoin the form of dry
b u [ ka n d b r e a kb u [ kc a r g o .
JN Porthandled4.12 miLLion
TEUsof containertraffic
duringthe caLendaryear
201-3
as against4.25mi|,[ion
TEUsin 201,2.
0f the total containertraffic of 4.12 million TEUs,
the shareof JNPCT
was1.28 mil"['ion
TEUs(30.95per
cent),the shareof NSICT
was0.95millionTEUs(22.98
percent),andthe remaining
1..90millionTEUs(46.08
percent)wascontributedby APMTermina[s,
Mumbai.
the Port-owned
terminal,handled1.28miLtion
TEUs
(1,6.40
mi|.[ion
tonnes)in 201,3,
registering
a growth
of 6.60percentin termsof TEUsand2.02percentin
termsof tonnesover 201.2.The other container
termina[s
APMTermina[s
and DPWorldhandLed
1.90
millionTEUs
and0.95millionTEUs.
Mr S K Kau[,Chief Manager
(Admn)& Secyin his
welcome
speechexpressed
gratitudefor the support
f r o m t h e P o r t ' sc u s t o m e r st ,e r m i n a Io p e r a t o r s ,
employees,
the tradeand a[[ stakehotders
for the
success
of a[[JNPT's
activities.
andcontinues
we[L
JNPorthaspertormed
MrN N Kumar competition,
the chairman
thegathering,
Addressing
for India'sexportimporttrade
to aL[andelaborated to be primarygateway
hisNewYearGreetings
conveyed
'its
andsustain position
strivehardto ma'intain
of the year 2013,including andwiLL
on the ach.ievements
of phaseI dredgingwhichis nearing as NoL Portin the country.
commencement
JN Port to bring
andwhichhasenabl.ed
comptetion
year,the overall
that duringthe calendar
Hestressed
biggersize vesselof 1'4meterdraft; awardof 0'8 trafficof the Porthasreduced
slightlydueto reduction
quay
extension;
meter
milLionTEUscapacityof 330
trafficby both the PPP
in handlingof container
a
contract
connectivity,
road
of
projectfor 1.2Laning
issue
of TAMP
onaccount
terminaloperators,
container
January
of
middte
by
awarded
be
to
for whichLike[y
relatedto tariff fixation.
Freightcorridor
of Dedicated
2Ot4andthe progress
said"2013
Sheva,
Nhava
DPWorLd
of containersby rail,finaLizationof MrAjaySingh,CEO,
for movement
'it
o/o
sectorand was
yearfor shipping
LongpendingissuesLikeallotmentof 12.5 Landto wasa chaLlenging
phasefor a[Lof us",addingon a humorous
a difficul.t
etc.
the PAPs
" ,t u s a L Lr e m a i n
n o t e " K o r b o - L o r b o - J e e t b"ol e
develop
to
in whichthey
Furtherhe addedthat stepsareunderway
aboutthe shippingmarkets
confident
the
from
demand
addjtionalcapacityto matchthe
andmoreoptimisticaboutmakinga major
operate,
4.8
of
Terminal
container
4th
a
tradeby developing
investmentoverthe com'ingyear.2014wi[Lbe a
expressedpromising
industry"'
TEUscapacityp.a. Thechairman
miLLion
andgoodyearfor shipping
for the supportfrom the port customers,
grat.itude
s umbai
, E OA, P MT e r m i n a lM
M r P . K . A g a r w a lC
t e r m i n a Io p e r a t o r se,m p l o y e e st r,a d ea n d o t h e r
JN Portfor their goodperformance,
activitiesof JNPT. congratuLated
of aLL
for the success
stakeholders
Headded,
andtoughyearin 201,3.
despitechaltenges
added the GTIterminalwouldstriveto do evenbetterin the
onthefutureplans,MrN N Kumar
HighLighting
,,thebiddingprocess
for the mega4.8 million comingyears.
that
LiquidBuLk
andthe add'itional
Terminal
Container
TEUs
saiddesp'ite
MANSA
President
Mr.K. P.Unnikrishnan,
is in the final stageandboththe projects
Terminal
welt,espec'ially
JN Porthasperformed
in the currentfiscalitself. Our a[Lhinderance,
shouldbe awarded
yearforJN Port,assomeof
be a happen'ing
more 2Ot4wil.l"
facilitating
nowhasnewcranes,
ownterminaL
Like330m,arrivalof newcranes
projects
theimportant
efficientoPerat'ions".
growthof the
wi[Lboostovera[L
andfourthterminal"
JNP trade.
(Traffic),
Mr AshishKumarBose,ChiefManager
supportand
thankedthe tradefor their continuous
of JN Portsa'id"underthe
Trustee
PatiL,
Mr.Bhushan
The
Port.
JN
path
of
growth
the
towards
guidance
"JN Port has grownfrom
Chairman,
is highl"y guidanceof
0perators
Container
madeby PPP
contribution
He
greatestheights".
to strengthachieving
asa whote. strength
milestone
JNPT's
in achieving
appreciable
andthe need
someof the constra'ints
alsoexpressed
the
whichwi|.L'increase
the infrastructure,
of JN Portandstressed to expand
Heoutlinedthe performance
d e s p i t e t h e m a n y c h a L [ e n g e s a n d i n c r ebusiness
a s i n g of the trade.
ShippingConfidenceincreasesagaint n 2014
Overallconfidence
levelsin the shippingindustryhaveshowna furtherriseoverthe pastthreemonths,
reaching
their highestleveIsinceMay2008.According
to the latestShippingConfidence
surveyby Moore
Stephens,
owners,managers,
charterers
and brokers
aLLfeeLmoreconfidentaboutthe shippingmarkets
in
whichtheyoperate,
andmoreoptimisticaboutmakinga majorinvestment
overthe comingyear.
Thenumberof respondents
expecting
financecoststo riseoverthe nexttwelvemonths,havingpeakedat
their highestlevelsfor fifteen
monthsin the previous
survey,
wasdownacross
atl categories
o f r e s p o n d e n tC. h a r t e r e r s ,
m e a n w h i l ew, e r ea [ o n ei n
thinkingthat ratesin thetanker
anddrybulktradeswereLikeLy
to fa[[ over the next twelve
months.
It is encouraging
to notethat,
d e s p i t ec o n t i n u i n gg e n e r a I
economic
uncertainty
worldwide,
and irrespective
of
the furtherrecentinstabitity
generated
by the crisisin the
Greekeconomy,
confidence
in
shippinghasnowrisenfor the
third consecutive
quarter.
There
i s a n u n d e n i a b tm
e o o do f
renewed
optimismin the industry.
It is tempered
by an underlying
l.evel
of caution,but that is no badthing.
Thosewhocanremember
badmarkets
arelesstiketyto a[[owthemselves
to be caughtup in furtherones.
Mostpeopteareexpecting
ratesto go up in the tanker,drycargoandcontainer
shipsectors.
Therearesigns
that banksmightbe wi[[ingto lendoncemoreto shippingbusinesses
that havedonetheir homework
and
thosewhichmayhavespottednew viableopportunities
in a shippingmarketwhichhaschanged
significantly
duringthe pasttwo years
Exportersexemptedfrom filing documentsin physicalform
Withan aimto simplifyprocedures
for exporters,
the Government
exempted
themfrommandatory
fiting of
documents
in physicaI
formto obtainregistration
certificates
forshipment
of fewcommodities.
Forcommodities
[ikecottonandcottonyarn,an exporterhasto obtainregistration
certificates
(RCs)
for their shipment.
"Theresha[[be no requirement
of submitting
anydocument
in electronic
fitingfor obtainingRCs,"
Directorate
General
of Foreign
Trade(DCFf)saidin a notification.It saidthat the requirement
of submission
of hard
copiesof the documents
suchasprintoutof onlineapplication,
Letterof Creditor foreigninwardremittance
certificate
or proofof advance
payment
andexportcontractis "dispensed
with".
"Theresha[[be no otherchangein eitherthe pol.icy
or conditions
for exportof cotton,cottonyarn,nonbasmatirice,wheatandsugarnotifiedearlierthroughrespective
notifications,
pubLic
notices,poticycirculars
etc,"it added.
Thestepwouldhelpin reducing
transaction
costfor exporters.
Therearecertaincommodities
for whichon[ine
registration
procedure
hasbeenprescribed
for export.It wasmademandatory
in JuLy201.3
that afterfiLing
ontineapplications,
exporters
are required
to furnishprintoutof the application
submittedonlinebesides
othercertificates
andpaper,it added.
Thecountry's
exportwassuffering
fromthe costdisadvantage.
Theaverage
costto an exporter
on accountof
transaction
costhasbeenmonetised
at a [eve[of USD945 percontainer
as compared
to USD460in China,
USD450in Malaysia
andUSD625in Vietnam.
In April-November
2013,exportsgrewby 6.27percentto USD204bil"Lion
whiteimportsaggregated
at USD
304bittion.Tradedeficitfor the periodstandsat USD100biil.ion.
9
lndia to be world's 3rd largesteconomyby 2028:study
Japanin 2028to become GDPsizeof $4,1,24
to overtake
Indiais l"ikeLy
bi[[ion,andit wi[Lclaim3rdspot
in the worldafter China withGDPof $6,560bil"Lion
economy
the third Largest
by 2028,it said.The2013
t o L o n d o n - b a s e dLeague
a n d U n i t e dS t a t e s ,a c c o r d i n g
in the list of
tableshowsonlytwo changes
Cebr.
consultancy
economic
recessionovertook
Firstly,Russia
top 20 economies.
place
overtook
andCanada
strickenItaLyto gain8th
League
tablereportfor
WorldEconomic
AsperCebr's
of the rupeeto retake
Indiaasa resultof the collapse
2013,Indiahaslost a place'in the leaguetablein
in the
economy
its positionas the secondLargest
and'isnowthe 11thlargesteconomy
2013to Canada
in the
economy
andthe 10thlargest
Commonwealth
in the world.
wortd,the reportsaid.
g
r
o
w
t
h
w
i
L
t
" B u t d e m o g r a p h i ac n
e
c
o
n
o
m
i
c
sd
wi[Lbe
economies
By the year2018,the emerging
upthetableand
drivethe Indianeconomy
eventually
"on the move".Russia
wouldbe at the 6th place;
the world's
for 2028hasInd'iabecoming
the forecast
India9th, Mexico12th,Korea13thandTurkey17th,
Japan,"the report
3rd largesteconomyoverLaking
it said.
said.
and
By2023,Ind'ia
The CebrWorld
Brazil would be
E c o n o m iLce a g u e
"o n t h e m a r c h "
is an
Table(WELT)
and are likelyto
annualcalculation
c[aim the 4th
bythe consultancy.
and 5th p|.ace,
The basedatafor
respect'ive[y.
201.2is takenfrom
forecast Bythe year2028,the League
andtheGDP
Outlook
theIMFWorldEconomic
tabtewitl be reordered.
modelto forecast Chinawi[Lmoveto the number
Prospects
by
drawson Cebr'sGLobal
followed
oneplace,
rates.
growth,inflationandexchange
the UnitedStates(2nd),India (3rd),Mexico(9th)
(10th).
andCanada
Thereportgivesan endof yearreporton GDPin the
'in the world and forecasts
30 largesteconom'ies
GDPin dotlartermsis
ThereportfurthersaidChina's
'top thirty' after 5, 1'0
in
the
be
wi[[
that
countries
the USin 2028- muchlaterthan
L'ikeLy
to overtake
andL5 years.
predictions.
mostprevious
leaguetable,Indiais at the 11th place M e a n w h i [ teh, e U n i t e dK i n g d o m
In the 201.3
w o u [ do v e r t a k e
the country Germany
bi[[ion,andby 201,8
of $1,,758
witha GDP
WesternEuropean
the Largest
to becorne
'around
place
GDP
of
with
a
the
9th
$2,481' economy
is l"ikely
to be at
2030',it added.
bi[[ion,and by 2023it woutdbe at 4th place,with
JNPTparticipatedin the IndianInternationalTrade
Fare 2013
Mr. S K. Kaul, Chief Manager (Admn) & SecretaryJNP at the
stall
TradeFare2013
in the IndianInternational
JNPTparticipated
its Port facilities and future
at NewDelhi by showcasing
plans. Largenumberof visitors,VIPsvisitedto
development
in India'sExport
contribution
JNPT's
JNPTstalt andappreciated
Import trade.
10
ffit-#F'
ir4
11
of us who do.
- Isaac Asimov
of lost
the rings of Saturn are composed entirely
The scientific theorY I like best is that
airline luggage.
- Mark Russell
When they asked George Washington
Did you ever walk in il"rra
r-g"t
for his ID, he iust took out a quarter'
- StePhenWright'
dogs spend
why you walked in? I think that's how
dF*
,fl:
their lives.
- Sue MurPhY
'*
I
{I
' ti
rt
airro"nce
Itm not mad.
between me and amadman is that
"-or'v
.l
"#
- SalvadorDalirr*
-q5r
something
people I'm divorced so they won't think
Itve never been married, but I tell
is wrong w'ith me.
- Elayne Boosler
use
me' Maybe if I do a good iob, theY'll
Whetever I go, people are waving at
all their fingers.
- Frank King
an appropriate
It is generally agreed that'6He11ot'is
and said
greeting because if you entered a room
people'
t'Goodbyer" it could confuse a lot of
.
* *
:t'
- Dolph ShbrPOliver
,',
**
.-'*
wi[[ be hightyapPreciated.
to betterthe next edition of AILBIEANEWS
and contributions
Yourcomments
l'com
ndia'comor aiIbiea@gmai
Pleasewriteto raghuwarrier@aegisi
Jayyannt LaPsiaa
President
Devdas Chandran
Vice President
NandlalChawla
Hon. Treasurer
Sudhir Malhotra
Hon. Secretary
Hiranandani
Rajesh Kishnani Manik Nasta Prakash
ffiia,
Raghuwanier,TrevorGordeiro,Rakeshshah