Dear Members,

 

 

As you are aware, many factory accidents (both major and minor) have recently occurred in the chemical and petrochemical industry, thereby causing loss of human life, property and environmental hazard.   

 

 

The major objective of Process safety & Risk management is to prevent unwanted releases of hazardous chemicals especially into locations that could expose employees and others to serious hazards.  Process Safety is an important disciplined framework for managing the integrity of operating systems and processes handling hazardous substances by applying good design principles, engineering, and operating practices. Hence, it is very important to have knowledge on this topic ultimately for organisation and employee safety.  

 

 

We are therefore pleased to inform you that Chemexcil in partnership with Kaypear Consulting is organising free to register webinar series dedicated solely to various topics in the areas of Process Safety, Risk Management.  By this you will get an opportunity to learn from Process Safety and Risk Management professionals that will help you to improve the Process Safety Performance of your facility.  

 

 

Sr. No.	Topic of Webinar	Date of Webinar	Time	Name of Faculty
1	Layer Of Protection Analysis (LOPA) semi-quantitative risk assessment tool	14th October 2020	2:00 PM to 3:00 PM IST	Mr. Chaitanya Gottimukkala, Principal Engineer, SRE Veda

 

 

The webinar introduces the attendee to the concept of Layer of Protection Analysis (LOPA), and its application. LOPA is a semi-quantitative risk assessment tool to evaluate the effectiveness and adequacy of the protection layers to manage the risk from an identified scenario.

 

It is also used to determine the target Safety Integrity Level (SIL) of a Safety Instrumented Function (SIF). The scenarios requiring LOPA are identified from a previous Process Hazard Analysis (HAZOP or similar) study. Additionally, this webinar will cover a worked-out example on the application of LOPA methodology for an identified scenario. 

 

The webinar is free of cost. E-Certificates will be issued to all the participants after the webinar.

  

Interested members may register directly on the link https://www.kaypear.com/webinar .  

 

For more details on the above subject course, you may please contact hdivya@kaypear.com Voice: +91 91766 41577 or Ms Amrita Sharma, Regulatory Officer on the email id amrita.regulatory@chemexcil.gov.in ; 7718878110.  

 

 

We are sure that this webinar series will provide high quality technical content with domain subject matter experts. Members are therefore requested to register for this webinar and benefit from the same.  

 

 

 

Thanking you.  

 

 

 

Yours Faithfully,  

 

 

 

Prafulla Walhe

Deputy Director

 

 

As you might be aware, Government has recently announced “Emergency Credit Line Guarantee Scheme"  to provide liquidity to the MSMEs in the wake of COVID-19 related economic stress.

 

 

 

Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA. borrowers, in the form of a Guaranteed Emergency Credit Line (GECL) facility.

 

 

 

 

 

Details/ Salient Features of the Scheme

 

 

 

The Emergency Credit Line Guarantee Scheme (ECLGS) has been formulated as a specific response to the unprecedented situation caused by COVID-19 and the consequent lockdown, which has severely impacted manufacturing and other activities in the MSME sector.

 

 

 

The Scheme aims at mitigating the economic distress being faced by MSMEs by providing them additional funding of up to Rs. 3 lakh crore in the form of a fully guaranteed emergency credit line.

 

 

 

The main objective of the Scheme is to provide an incentive to Member Lending Institutions (MLIs), i.e., Banks, Financial Institutions (FIs) and Non-Banking Financial Companies (NBFCs) to increase access to, and enable availability of additional funding facility to MSME borrowers, in view of the economic distress caused by the COVID-19 crisis, by providing them 100 per cent guarantee for any losses suffered by them due to non-repayment of the GECL funding by borrowers.

 

 

 

The salient features of the Scheme include –

 

 

 

i. All MSME borrower accounts with outstanding credit of up to Rs. 25 crore as on 29.2.2020 which were less than or equal to 60 days past due as on that date, i.e., regular, SMA0 and SMA 1 accounts, and with an annual turnover of up to Rs. 100 crore would be eligible for GECL funding under the Scheme.

 

 

 

ii. The amount of GECL funding to eligible MSME borrowers either in the form of additional working capital term loans (in case of banks and FIs), or additional term loans (in case of NBFCs) would be up to 20% of their entire outstanding credit up to Rs. 25 crore as on 29th February, 2020.

 

 

 

iii. The entire funding provided under GECL shall be provided with a 100% credit guarantee by NCGTC to MLIs under ECLGS.

 

 

 

iv. Tenor of loan under Scheme shall be four years with moratorium period of one year on the principal amount.

 

 

 

v. No Guarantee Fee shall be charged by NCGTC from the Member Lending Institutions (MLIs) under the Scheme.

 

 

 

vi. Interest rates under the Scheme shall be capped at 9.25% for banks and FIs, and at 14% for NBFCs.

 

 

 

 

 

Implementation schedule:

 

The Scheme would be applicable to all loans sanctioned under GECL during the period from the date of announcement of the Scheme to 31.10.2020, or till an amount of Rs three lakh crore is sanctioned under the GECL, whichever is earlier.

 

 

 

Members are requested to take note of above features of the ECLGS Scheme and  may avail, if applicable.

 

 

 

For operational guidelines and FAQs, please use below links on NCGTC site-

 

 

 

 

 

https://www.eclgs.com/documents/ECLGS%20-%20Operational%20Guidelines-Updated%20-%2002.06.2020.pdf

 

 

 

 

 

https://www.eclgs.com/documents/FAQs_on_ECLGS-Updated_as_on_06.06.2020.pdf

 

 

 

 

 

Please note that above information is being provided only as a service to the members in good faith.  For further details/ queries, Please contact your bank and financial institutions.

 

 

 

You may also send your feedback to the council on info@chemexcil.gov.in .

 

 

 

 

 

Thanks and Regards,

 

 

 

 

 

S G Bharadi

 

Executive Director

This is with reference in view of the disruption in supply chains due to the Corona virus. As you aware that Coronavirus epidemic is a matter of grave concern for the entire world, it is incumbent on larger economies like India to fill up the gaps in the global market. Countries which had been depending on China have learnt a lesson they should have an alternative market for sourcing and India was expected to be their preferred destination. So in the coming few months can provide our exporters greater market access in the absence of usually aggressive and competitive Chinese suppliers.

 

 

 

As a part of special measures under the national emergency to combat the spread of COVID-19 in Peru, has announced a zero per cent import duty on 65 products which include organic and inorganic chemicals, medicament, medical appliances, articles of vulcanised rubber, super absorbent polymers, etc. this is to overcome the likely supply chain disruption. Though a temporary measure intended for 90 days with effect from 13 March, it is likely to be extended for a longer period. Peru currently imports these items from China, USA, and EU countries, with which it has Free Trade Agreements, while imports from India attract 6% duty. According to Lima Chamber of Commerce (LCC) and the Association of National Pharmaceutical Industries, the measure (to remove duty) would incentivize Peruvian importers to source these products from other markets such as India.

 

 

 

In this context on our request we have received tremendous support from the High Commission of India in Peru and we have received information from them that President of Anders Peru S.A.C., Mr. Peter Anders – which has major presence in Peru as distributor of chemicals and intermediate products in different industrial sectors, has expressed interest in establishing contacts with potential suppliers in India. Mr. Anders approached the Embassy for support and guidance for sourcing chemicals and ingredients in the following sectors:

 

 

 

•        Coatings and adhesives

 

•        Plastics

 

•        Flexo painting

 

•        Home and personal care (cosmetics and perfumes)

 

•        Industrial and institutional hygiene

 

•        Electroplating

 

•        Textiles

 

•        Paper industry

 

•        Food additives

 

 

 

Mr. Anders has stated that they are currently importing dyes from India for the paper industry, and that they are keen to build and expand company’s trade relations with Indian suppliers.

 

 

 

Anders Group is a well reputed Peruvian company in the chemicals sector and it is a regional South American distributor of specialty chemicals, ingredients and industrial equipment. It was founded in 1964 and has 56 years of market experience. Its headquarters is located in Lima, Peru. The group with more than 150 employees and a turnover of over US$ 60 million, has commercial offices and warehouses in Peru, Bolivia, Ecuador, Chile and Colombia. The group company presentation is attached herewith for your ready reference. Mr. Anders also informed that he would like to use company’s distribution centre in Lima as a hub for supplies to countries in the region.

 

 

 

Mr. Anders’ proposal offers a good opportunity to tap into the Peruvian market, especially when exports of organic chemicals from a major supplier to Peru has dropped by 17%  and those of inorganic chemicals by 13% during the period January – April 2020.

 

 

 

We may request to our members to contact directly with Anders Peru S.A.C to expand business in Peruvian market. The details are mentioned below

 

 

 

            Mr. Peter Anders

 

            President of the Board

 

            Anders Peru S.A.C.

 

            E.mail: peter.anders@qanders.com 

 

 

 

Further, as desired, please find attached Lists of potential importers in Peru under Chapters 28, 29, 32, 33, 34, and 38.

 

 

 

We may request to our member exporters to take advantage of this opportunity and export to Peru.

 

 

 

Members  may also  send their comments / feed-back  on  our e-mail id’s:  ed@chemexcil.gov.in;  adreach@chemexcil.gov.in; deepak.gupta@chemexcil.gov.in; rokolkata@chemexcil.gov.in & robengaluru@chemexcil.gov.in  

 

 

 

Thanks and best regards,

 

 

 

S G BHARADI

 

EXECUTIVE DIRECTOR

 

CHEMEXCIL

 

BASIC CHEMICALS, COSMETICS & DYES EXPORT PROMOTION COUNCIL