750 million bonanza for MSME Emergency Response Programme AND MORE…
An initiative taken for the first time; Delhi airport launches paperless QR-coded E-gate pass facility at cargo terminal. It enables airlines, consolidators or freight forwarders to upload the scanned copy of Master Airway Bill or House Airway Bill in the custodian system.
Tip: Shipwaves would like to inform all customers that the Bill of Entry (BoE) and Out of Charge (OoC) is then transmitted electronically by the Customs to the custodian system. With these details, the Custom broker agent will submit the request for issuance of E-gate pass for the delivery of goods and will generate the QR code at his office itself after due verification by the cargo terminal operator and the delivery can be arranged on the basis of this E-gate pass.
The government is planning to hike duties on imports from China and is in the process of identifying the ones on which duty would be hiked. The announcement about the new hiked duty structure is likely to come over soon.
Tip: Shipwaves would like to advise all customers that they should start working on their row material supplies. Govt. has already informed various trade bodies about the host of goods imported from China. The duty hikes would include a mix of tariff and non-tariff barriers on the products. The hike in duty is likely to come in next two or three months.
JNPT Customs has simplified the process of registration in the ICEGATE system for authorized dealer code, registration of Importers /Exporters etc.
Tip: For details, please visit
http://www.jawaharcustoms.gov.in/pdf/PN-2020/PN-79-2020.pdf
Govt, World Bank ink 750 million US dollar agreement for MSME Emergency Response Programme
The Government and the World Bank today signed a 750 million US dollar agreement for the MSME Emergency Response Programme. It aims at supporting increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs) which are severely impacted by the COVID-19 crisis. The World Bank’s MSME Emergency Response Programme will address the immediate liquidity and credit needs of some 1.5 million viable MSMEs to help them withstand the impact of the current shock and protect millions of jobs. Mr Khare said that the COVID-19 pandemic has severely impacted the MSME sector leading to loss of livelihoods and jobs. He said, the project will support the government in providing targeted guarantees to incentivize NonBanking Financial Companies- NBFCs and banks to continue lending to viable MSMEs to help sustain them through the crisis.The World Bank Group, including its private sector arm — the International Finance Corporation will support the government’s initiatives to protect the MSME sector by unlocking liquidity and NBFCs and Small Finance Banks.
India agrees to export 5.2 million tonnes sugar, likely to sell 6 million: Trade body
Indian mills have contracted to export 5.2 million tonnes of sugar since the current season began on October 1, a leading trade body said on Monday (6 JULY). Mills have already shipped out 4.5 million tonnes of the sweetener, said Praful Vithalani, president of the All India Sugar Trade Association. Sugar mills have sold about 2.4 million tonnes of raw sugar and around 2 million tonnes of refined, or white, sugar to 73 countries, with Iran, Somalia, Indonesia, Sri Lanka and Afghanistan the top five buyers.
New Shipping Service To Augment Indo-Bangla Trade Inaugurated At Kolkota Dock
A new shipping service to augment Indo-Bangla trade was inaugurated between SMP (Syama Prasad Mookerjee Port) Kolkata and Chattogram Port at Kolkata Dock on Friday (3 JULY). A press release said that new regular service connection between Kolkata Dock system and Chattogram has been started from Kolkata Dock System (KDS) of SMP Kolkata by Zim Integrated Services in Association with Bengal Tiger Lines. The maiden voyage the vessel ‘M.V Asiatic Moon” (Singapore Flag) is expected to carry around 300 containers of Indian exports to Bangladesh. Primary goods that are exported include ferro metal alloys and garments. So far, this is the biggest vessel by size to ply between Kolkata and Chattogram. Earlier, only small barges with a capacity of 80–100 containers were operational on this route. Vinit Kumar, Chairman, SMP, Kolkata said, “Another similar service is scheduled to start from Kolkata Dock to Chattogram. The vessel MV Xpress Godavari operated by Xpress Feeders shall commence the voyage to Chattogram Port in the second week of July.”
Enormously challenging situation, Hapag Lloyd ends India Gulf Service 2
In a recent advisory, the German shipping line Hapag Lloyd announced the termination of its India Gulf Service 2 (IG2).
“The current situation in India is still enormously challenging, also for logistics companies like ours. This is why we, unfortunately, have to terminate our established India Gulf Service 2 (IG2). Nevertheless, we will be able to offer you alternative weekly service offerings for Hazira — Jebel Ali by our existing feeder partners,” said the advisory.
Please note that the IG2 service will be terminated with the last two sailings listed below:
• Hazira to Jebel Ali: SIMA GISSELE V 0003, ETA Hazira July 31, 2020.
• Jebel to Ali Hazira: X-PRESS BRADSEY 20032, ETA Jebel Ali July 29, 2020.
Floating jetty construction completed in Tripura for waterway trade with Bangladesh
The Tripura government on Friday announced the completion of a floating jetty on river Gomati in Sonamura, ahead of the opening of the first international waterway in the State. The Sonamura–Daudkandi route on the river Gomati was a part of the India-Bangladesh Protocol signed in Dhaka on May 20, 2019. The Inland Waterways Authority of India (IWAI) built the jetty in Sonamura, 49 km south of Agartala, in just three weeks. It can handle medium-size cargo vessels. Thanking the IWAI, Chief Minister Biplab Kumar Deb said, “Glad that Sonamura is now a custom port which will bring economic development to the northeast.” The Chief Minister earlier hailed the agreement on extension of the waterway protocol between Indian and Bangladesh to open the 93-km route between Sonamura and Daudkhandi (Bangladesh).
Welspun One announces Rs 900 crore, 110-acre logistic park in Bhiwandi, Maharashtra
Welspun One’s maiden project is located on a prime, irreplaceable and contiguous land parcel with clear legal title, fully owned by the Welspun Group promoters. The 110 acre project in Bhiwandi entails an estimated investment of Rs 900 crore and has a potential leasable area of approximately 3.2 mm. sft. The project is slated to be one of India’s first logistics parks to be developed by a global conglomerate– the Welspun Group; providing customers with the ease of operating, expandability and similar one-stakeholder advantages. Welspun One has also entered into an MoU with the State Government of Maharashtra under the Magnetic Maharashtra Initiative for this project, which is in advanced stages of receiving necessary approvals under the Integrated Logistics Parks (ILP) policy of the State of Maharashtra; making it one the first of its kind fully compliant projects in Bhiwandi.
Gothenburg’s new transshipment terminal emerges
The new transshipment terminal at the Port of Gothenburg, the Svea Terminal, will soon be operational according the Port Authority. The terminal, named the Svea Terminal, will offer 45,000 square metres of storage space. Around half the area, 21,600 square meters, is covered by the world’s largest storage tent, which was erected in June 2020.The Terminal is due to become operational in the Autumn of 2020.
India-funded Chabahar port in Iran to be integrated with Free Zone
India’s first-ever port investment overseas at Chabahar in Iran is gaining momentum with the Persian Gulf nation approving the integration of the port with the Free Zone operating in the area and the opening of a branch by an Afghanistan bank soon. The integration of Chabahar port with the Free Zone was approved by the Iranian Guardian Council. Subsequently, a memorandum of understanding was signed between the Ports and Maritime Organization (PMO) of the Islamic Republic of Iran and Free Zone Authorities on June 9 for implementation of laws and regulations of the Free Zone in the port of Chabahar.
Shipwaves wishes you a great week ahead!
Happy Sailing!
