Chairman's Desk
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| DR. B.R. GAIKWAD |
| Chairman, CHEMEXCIL |
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Dear Member-exporters,
I have pleasure to bring to you the 6thissue of the CHEMEXCIL e-Bulletin for the month of Oct. 2016.
All of you may be aware of the Government’s proposed Introduction of Goods and Services Tax (GST) which is one of the pioneering and game changing transformative initiatives taking shape in our country. It is also expected that the GST will boost domestic demand as also create more opportunities for domestic business in addition to make the Indian economy more robust.
While addressing in one of the Conference held in New Delhi, the Hon’ble Union Minister of State (I/C) for Commerce & Industry, Mrs. Nirmala Sitharamanmentioned that since the taxation matter also involves many states, the government is making sure that it takes them on board and further as Simplification of tax is the top agenda of the Government, it will definitely address these issues
Taking into account on the importance of the above as also for creating awareness on the GST,for the benefit of the member-exporters, CHEMEXCIL had organized twin seminars, i.e. one on "Model GST Law covering Critical Issues Impacting the Chemical Industry and the other on “Forex Management & Hedging at Ahmedabad on 21st Oct. 2016. During the event, a Question-answer session was also organised, wherein queries of the member-exporters on the above topics were answered by eminent speakers who attended in the said session.
Further, as part of its export promotional activities, CHEMEXCIL also organized a Buyer Seller Meet at São Paulo, Brazil on 17th October-2016 followed by an Indian Chemical and Cosmetics Exhibition at Buenos Aires, Argentina on 19th and 20th October, 2016, brief reports of which along with other useful information/articles for the benefit of our member-exporters are given in this Bulletin.
I am hopeful that you would find this Bulletin informative and useful. The Secretariat looks forward to receiving your valuable feedback and suggestions.
With regards,
Dr. B.R. Gaikwad
Chairman,
CHEMEXCIL
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CONGRATULATIONS TO OUR NEW DGFT SHRI. AJAY KUMAR BHALLA, IAS.
Chemexcil congratulates Senior IAS officer Ajay Kumar Bhalla on his new appointment as the Director General of Foreign Trade (DGFT) and Chemexcil take this opportunity to look forward in working closely and strengthen the cooperation between DGFT and Chemexcil. |
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Senior IAS officer Ajay Kumar Bhalla was on 13 October 2016 appointed as the Director General of Foreign Trade (DGFT). He succeeds AnupWadhawan, who was appointed as Additional Secretary in the commerce ministry.
Background
Mr. Ajay Kumar Bhalla is a Joint Secretary of Ministry of Coal of Government of India. Mr. Bhalla is an IAS Officer of Assam and Meghalaya Cadre 1984. He was Principal Resident Commissioner, Government of Meghalaya. He has wide experience spread across various Ministries and Departments of Government of India and he held various administrative posts in the State of Assam and Meghalaya including that of Commissioner & Secretary, Government of Meghalaya, Principal Secretary in Public Health Engineering Department, Industries Development, Soil & Water Conservation Department, Chairman of Board of Revenue. He also worked as Deputy Secretary/ Director, Government of India, Department of Mines, Ministry of Steel & Mines, as well as worked as Director (Ports) & Joint Secretary (Ports) in the Department of Shipping, Government of India. He was Private Secretary to the Union Minister of State for Health & Family Welfare and Union Minister of State for External Affairs. He has been a Part-Time Official Director of MMTC Ltd. since April 29, 2015. He has been a Part Time Official Director at The State Trading Corporation of India Limited. since April 29, 2015 and South Eastern Coalfields Limited since July 6, 2010. He served as Nominee Director of TheSingareni Collieries Company Limited until May 2015. Mr. Bhalla holds Masters Degree in Botany from University of Delhi, M. Phil (Social Sciences) from University of Punjab & MBA from University of Queensland, Brisbane, Australia.
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BUER SELLER MEET, SAO PAULO, BRAZIL 17th OCTOBER-2016
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| Dr. B.R. Gaikwad, Chairman,Chemexcil, addressing the participants during the inaugural of Buyer Seller meet, Sao Brazil |
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| From Left Mr. JitendraRawat, Counsel, Consulate General of India, Sao Paulo, Brazil, Dr. B.R. Gaikwad, Chairman Chemexcil, Mrs. Abhilasha Joshi, Consulate General, Consulate General of India, Sao Paulo, Mr. S.G. Bharadi, Executive Director Chemexcil, Mr. PrafullaWalhe, Dy. Director, Chemexcil. |
CHEMEXCIL organized Buyer Seller meet at Melia hotel (Salas Paulistas),AvenidaPaulista, 2181 – Consolacao, São Paulo 01311-300, Brazil on 17th October-2016 from 10.00 to 16.30hrs.
This project was sanctioned under MDA scheme. Altogether 32 chemexcil member-exporters participated in this meeting.
About 264 meetings in one day among 32 Indian companies and 45 Brazilian companies.
Target visitors: - Dyes and dye intermediates, Organic, Inorganic Chemicals including agrochemicals, Specialty chemicals, Soaps Cosmetics and Toiletries essential oil castor oil and its derivatives.
The BSM was inaugurated by Mr. JitendraRawat, Consul, Consulate General of India, Sao Paulo, Brazil on 17th October-2016 at 09.30am along with Dr. B.R. Gaikwad, Chairman, Chemexcil, Mr. Fernando Figueiredo ABIQUIM President & (Mr. Dilson Ferreira – ABRAFATI President)
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INDIAN CHEMICAL AND COSMETICS EXHIBITION, BUENOS AIRES, ARGENTINA 19-20 OCTOBER-2016
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| Mr. SanjivRanjan, Ambassador Embassy of India, Buenos Aires, Argentina along with Dr. B.R. Gaikwad, Chairman, Chemexcil and Mr. Ignacio Dos Reis, CAPQ, (Cámara Argentina de ProductosQuímicos), Mr. S.G. Bharadi, Executive Director Chemexcil is inaugurating Indian Chemical and Cosmetics Exhibition on 19th October-2016 at Sheraton Buenos Aires Hotel & Convention Center, (San Telmo-Exhibition Hall). |
CHEMEXCIL organized Indian Chemical and Cosmetics Exhibition Sheraton Buenos Aires Hotel & Convention Center, (San Telmo-Exhibition Hall), San Martin 1225/1275Buenos Aires, 1104, Argentina on 19th -20th October-2016.
This project was sanctioned under MDA scheme. Altogether 40 chemexcil member-exporters participated in this exhibition.
200+ visitors from Argentina and surrounding countries visited this exhibition.
Target visitors: - Dyes and dye intermediates, Organic, Inorganic Chemicals including agrochemicals, Specialty chemicals, Soaps Cosmetics and Toiletries essential oil castor oil and its derivatives
The Exhibition was inaugurated by Mr. SanjivRanjan, Ambassador Embassy of India, Buenos Aires, Argentina on 19th October-2016 at 10.30am along with Dr. B.R. Gaikwad, Chairman, Chemexcil and Mr. Ignacio Dos Reis, CAPQ, (Cámara Argentina de ProductosQuímicos).
The exhibition was supported by local chamber of commerce viz. (Cámara Argentina de ProductosQuímicos) (Argentina Chamber of Chemicals)
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Twin Seminars on "Model GST Law: Critical Issues Impacting Chemical Industry" & "Forex Management & Hedging" at Hotel Novotel, Ahmedabad on 21.10.2016
For creating awareness on GST and Forex Management, the council had organized twin seminars on "Model GST Law: Critical Issues Impacting Chemical Industry” & “Forex Management & Hedging”.
From Council side, the seminar was attended by Shri Bhpendra Bhai, Regional Chairman Chemexcil, Chemexcil Officers/ Staff from Mumbai/Ahmedabad and our member-exporters. The event attracted good response with around 51 member-exporters attending the seminars.
The Council had organized two separate sessions on both topics which were covered by following eminent speakers:
- Mr. UdayanChoksi, Managing Partner & Ms. Tejal Mehta, Partner VoxLaw- Who spoke onModel GST Law, Critical Issues Impacting Chemical Industry and the way forward including training of man-power, IT preparedness etc.
- Mr. Hemendra Bhatia- Deputy General Manager, Vadilal Forex- He covered various aspects of Forex Management & hedging options and gave valuable inputs to our participants.
The participants asked several queries on both topics during the sessions of the seminar and where answered satisfactorily by the eminent speakers.
Glimpses of the Seminar
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| Mr. UdayanChoksi, Managing Partner & Ms. Tejal Mehta, Partner VoxLaw, Mumbai making presentation during Chemexcil's seminar on Model GST Law organised at Novotel, Ahmedabad on 21.10.2016 |
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| Mr. Hemendra Bhatia, Dy GM, Vadilal Forex speaking on Forex Management & Hedging during Chemexcil’s Seminar at Novotel, Ahmedabad on 21.10.2016 |
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Finance ministry tighten grip over 3 exports schemes
NEW DELHI: The finance ministry is set to get greater control over at least three schemes to promote exports under another measure to improve the ease of doing business and hassle-free trade. The three measures are advanced authorisation scheme, export promotion capital goods scheme and deemed exports schemes, accounting for almost Rs 35,000 crore in government incentives. While the commerce ministry will keep the policy-making powers for the schemes, it has proposed that their implementation be shifted to revenue department of the finance ministry.
Under the current system, traders approach the Directorate General of Foreign Trade (DGFT) for licences for the schemes and also have to register with the customs department, leading to duplication of effort and hassles. “The idea is that policy-making will remain with us and implementation be done by MoF. Discussions are on to split roles for advanced authorisation scheme, EPCG scheme and deemed exports,” said a commerce ministry official. A similar mechanism has already worked for the duty drawback scheme, under which exporters are compensated for customs and excise duties paid on inputs used to manufacture products meant for sales overseas.
While the Foreign Trade Policy sets the guidelines for the payments, the revenue department fixes the rates and refunds the exporters. Under the advance authorisation scheme, exporters can import raw material and inputs without paying duty after getting a licence from the DGFT.
Similarly, in the export promotion capital goods, or EPCG, scheme, exporters get full exemption from paying duty when importing machinery to manufacture goods meant for exports. Here, too, DGFT is the licensing authority. “Depending on how this takes shape, this can be extended to the merchandise and service exports from India schemes,” the official added.
The industry has called it a logical move as customs and excise officials are aware of manufacturing units even in far-flung are better equipped to issue licenses. “This is a move towards simplification but revenue authorities will have to be more proactive and sensitive to trade,” said Ajay Sahai, director general of FIEO.
ET View: Cut Red Tape
When it comes to exports and trade, rationalising administrative processes make perfect sense. We do need to slash red tape, to make our declining exports more competitive. In tandem, there’s the pressing need to shore up productivity, reduce delays and improve logistics in merchandise trade. Going forward, we need to speedily remove infrastructural bottlenecks that seem to make our exports uncompetitive. In parallel, there’s also the need for focused policy attention on services exports.
(Ref. http://economictimes.indiatimes.com/news/economy/policy/finance-ministry-tighten-grip-over-3-exports-schemes/articleshow/54594939.cms dated 01.10.2016)
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New regional office of DGFT in Belagavi included in FTP 2015-20
(MENAFN - KNN India) The new regional office of the Directorate General of Foreign Trade (DGFT) at Belagavi, Karnataka, has been included in the Foreign Trade Policy.
In a notification, the DGFT said, 'The new regional office of DGFT at Belagavi, Karnataka, is included in the Appendix – 1A of Foreign Trade Policy, 2015-20.”
The office of the Deputy DGFT has been set up at the Permanent Exhibition Complex, Autagar, Kanabaragi Industrial Area, Belagavi.
As many as five districts – Belagavi, Bagalkot, Dharwad, Uttara Kannada and Bijapur come under its jurisdiction.
DGFT notification said, 'Consequently, the territorial jurisdiction of Regional Authority, Bangalore is re-allocated as whole of Karnataka excluding the districts which are under the jurisdiction of Regional Authority, Belagavi. (KNN Bureau)
(Ref. http://menafn.com/1094980568/New-regional-office-of-DGFT-in-Belagavi-included-in-FTP-2015-20 dated 01.10.2016)
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Indian trade mission urges Saudis to invest in Gujarat
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| Secretary-General of JCCI Adnan Mandoura presents a Saudi Bisht to Principle Secretary Governor Rajiv Kumar Gupta of Gujarat |
JEDDAH — A 19-member Indian delegation visited the Jeddah Chamber of Commerce and Industry Monday to invite businessmen to take part in the 8th Vibrant Gujarat summit which will be held on Jan. 10-13, 2017.
Rajiv Kumar Gupta, principle secretary governor of Gujarat and managing director of GNFC, told Saudi Gazette that they are calling on Saudi businessmen to invest in various sectors, including chemical, petrochemical, infrastructure, healthcare, tourism and agriculture. He added that they provide a single window clearance for permissions and added that the World Bank has rated Gujarat as number one in ease of doing businesses. He further said “now, through one portal, the inventor registers and finalize all procedure from all government departments.”
He noted that Gujarat has developed over the past 15 years to become a business hub and now hosting “Vibrant Gujarat” that is now a global event organized every second year. The event, he noted, draws some 100,000 visitors from 113 counties with participation of top officials of partner countries US and Canada.
Gupta said “we want to tell Saudi investors that Gujarat is a business destination that has skilled manpower. There is an opportunity for making business and making strategic partnerships. A number of Saudi clients are importing industrial chemicals, but we want to turn this to a manufacturing situation where Saudi investors explore investing opportunities in Gujarat and turn the cooperation to a win-win situation.”
Gujarat, he said, is an attractive distinction and they are enhancing its potential by building six smart cities. Gujarat dominates the diamond manufacturing in the world and is also contributing heavily to the GDP of India, he added. “35% of Indian chemicals are manufactured in Gujarat, 40% of pharmaceutical, 62% of petrochemicals and 50% of solar power are produced in Gujarat.” Moreover, “the upcoming summit will be a stable, sound and transparent platform for understanding government procedures and creating mutual business values,” he noted.
Mabish Kiri, managing director of Kiri Industries Limited, said the chemical industry in India is valued at $144 billion and it contributes by about 2.11 percent to India’s GDP. This industry ranked third in Asia and sixth in the world. The exportation of chemical industry has increased from $6.3 billion in 2006 to $12.7 billion this year. The importation however has increased from $5 billion to $19 billion in the same period.
Fouad Bougari, a Saudi economic consultant who attended the event, said that the Indian government has eased procedures for foreign investors. He added that the World Bank has recommended investing in India due to promising investment opportunities, particularly in the petrochemical industry.
(Ref. http://saudigazette.com.sa/business/indian-trade-mission-urges-saudis-invest-gujarat/ dated 04.10.2016)
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Need fresh look at 'investment protection agreement': Germany.
Hyderabad, Oct 5 () Germany today said there is a need to do away with the existing "investment protection agreement" between India and the European Union (EU) and start afresh on the subject under the framework of Bilateral Trade and Investment Agreement (BTIA).
The European nation also expects the stalled discussions on the Free Trade Agreement to resume by the end of the current year.
German Ambassador to India Martin Ney also said the decision of Britain to exit the EU has not impacted much in terms of investments.
"Yes there is movement (in FTA talks). Since one year, when both Prime Minister Modi and Chancellor Markel met... they are in favour of resuming the negotiations on free trade agreement," Ney told reporters at a press conference.
"It was realised by both sides India and the European Union that there is a definite need for modern investment protection agreement. The bilateral investment protection agreement that do exist at the moment is somewhat outdated. It needs fresh look at the legal routes," he said.
"Both sides realise the need for that and so the commissioner of the European Union had written to the counterpart in the Indian Government and offered to resume the negotiations. From my talks with the Indian Government, I hear quite favourable responses and so I am quite optimistic that by the end of the year we might see resumption of negotiations on Free Trade Agreement," Ney said.
Cyient Ltd Founder and Executive Chairman and former Nasscom Chairman BVR Mohan Reddy was appointed as the Honorary Consul of the Federal Republic of Germany today.
The appointment was officially announced in the presence of Martin Ney, and Consul General for Andhra Pradesh, Tamil Nadu, Puducherry and Telangana (residing in Chennai) AchimFabig and other dignitaries.
(Source:-http://timesofindia.indiatimes.com/city/hyderabad/Need-fresh-look-at-investment-protection-agreement-Germany/articleshow/54697104.cms dated 5.10.2016)
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Russian and Indian enterprises need new model of cooperation: DV Manturov, Minister of Industry & Trade, Russia
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| Minister DV Manturov says Indian economy’s openness towards attracting foreign capital and direct investments is highly valued by Russian investors. |
Russia is trying to develop a new model of industrial cooperation with India, with an eye on
metallurgy, aircraft, shipbuilding, automotive construction and chemical industries sectors,
says minister of industry and trade DV Manturov . In an interview to ET, the Russian
minister, who’s in India for the annual bilateral summit and BRICS Summit, says his country
is hoping to clinch a number of joint ventures with different states in India. Edited excerpts:
How do you look at expanding economic partnership with India?
The openness of the Indian economy to direct investments and attract foreign capital is
highly valued by Russian investors. We are closely monitoring the innovations that are being
undertaken by India to reform the country’s economy. I would like to recall that in January
2015, Manohar Parrikar, India’s defence minister, invited Russian defence enterprises to
actively participate in this new governmental initiative.
To enter the Indian market, we need to develop a new model of industrial cooperation
between Russian and Indian enterprises, create joint ventures, transfer technologies, etc. We are planning to sign an MoU between Andhra Pradesh state and the United Shipbuilding Corporation for joint development of cargo and passenger transport vessels, as well as
the development and modernisation of military and civilian ships, and a memorandum between TekhnoNIKOL Corporation and Andhra Pradesh for the implementation of a project involving construction of a plant of polymer bitumen construction materials in India, with
investments of $100 million.
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How has INNOPROM2016 — Russia’s biggest manufacturing show, where India was a partner — boosted economic partnership?
The largescale participation of India this summer at INNOPROM2016 gave an impetus to our partnership. The fact that regional heads (three CMs) participated in the show was important. Its logical continuation will be our business mission, which will start on October 11and include visits to four regions — Rajasthan, Andhra Pradesh, Delhi and Maharashtra. It is important that the invitations for participation were received directly from the state heads (CMs). I would like to note that Russian business community, industrial associations and heads of manufacturing companies and state corporations have shown keen interest in participating in the business mission.
What sort of joint venture projects is Russia keen to explore in India?
IndiaRussia JV projects cover areas like metallurgy, aircraft and automotive construction, chemical industries and other hightech fields. We are actively cooperating in the mining sector and Indian partners are keen to modernise their metallurgical plants which were built with help of erstwhile USSR. India is a very promising market for Russian mining equipment. India is also one of Russia’s largest partners when it comes to foreign trade in chemical products. Mineral fertilizers traditionally form the basis of Russian exports of chemical products to India.
Could you please elaborate on military and technical cooperation between the two countries?
Russia and India are major partners in the sphere of military and technical cooperation. Over 70% of weapons and military equipment used by the Indian Army, Air Force and Navy are of Russian and Soviet production. Licensed production of the Su30MKI fighters is one of
the largest projects involving the transfer of technologies to India. Russia is also working with India in the sphere of civil aviation. The United Aircraft Corporation has been working with Indian companies for possible industrial cooperation. What should be noted is the work
being done on joint projects involving the Il114, MS21and SSJ100 aircraft. Earlier this year HAL sent an official request to a Russian manufacturer to enquire to create Indian aircraft. We can offer Russian experience in the creation of this aircraft, and could consider the possibility of participation both in this project as a whole and in its individual stages (from the design stage to aftersales service). We propose organising the production of Il114300 aircraft through the creation of a joint venture. The MS21aircraft, the first flight of which is planned for the beginning of 2017 can be an area of cooperation. This is being developed by the Irkut Corporation, a long-time partner of India on the Su-30MKI project.
The project involving the creation of a joint venture for the production and supply of Ka-226T helicopters will be a key step. All documents have been agreed upon. We are planning to sign them during the India-Russia and BRICS Summits on October 15-16 in Goa. Currently, in addition, the Russian Helicopters Holding is participating in a tender for the supply of two civil aviation Mi-172 helicopters, in addition to those that are already operating in India.
The long-time close cooperation (for more than 50 years) in high technology areas between Russia and India has proven its effectiveness. Over the years, we have got to know each other well, we know our strengths and weaknesses; together we have built factories, debugged technologies and trained pilots, engineers and technicians.
Besides, we are engaged in serial manufacturing of various classes of ships, the construction of India’s first domestically built aircraft carrier, the Vikrant. In India, we are also working on designing the new aircraft carrier Vishul. We are also engaged in serial manufacturing of various classes of ships.
(Source:-http://economictimes.indiatimes.com/news/economy/finance/russian-and-indian-enterprises-need-new-model-of-cooperation-dv-manturov-minister-of-industry-trade-russia/articleshow/54801926.cms?prtpage=1 dated 12.10.2016)
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Deadly chemicals mixed with toddy across Maharashtra, reveals excise department survey
Shocked by the findings, government bans sale in areas that do not grow trees that yield toddy.
ABOUT ONE in five toddy depots are selling a deadly cocktail of chemicals in the name of toddy in Maharashtra’s urban belt, a survey by Maharashtra government’s excise department has found.
The survey found massive quantities of chemicals such as chloral hydrate and alprazolam in toddy sold by depots in urban areas such as Mumbai, Pune, Solapur, and Nanded, among others.
Startled by the revelation, the Maharashtra government has decided to ban toddy sales in areas that do not grow toddy.
State Excise Minister Chandrasekhar Bawankule told The Indian Express that the government will ban the supply and sale of toddy in areas that do not grow toddy. “A policy for this prohibition will soon be brought before the state cabinet. It is necessary to take this step to prevent the sale of adulterated toddy in the state, which was found to be rampant,” he said.
A two-day drive conducted by the department starting September 24 unearthed the net of adulteration. “We provided a special kit to our inspector for detecting adulterated toddy. The findings were startling,” said Excise Commissioner V Radha.
One in every five toddy depots in the financial capital was found selling toddy laced with the deadly chemicals. A similar trend was observed in Pune, Solapur, Nanded, and other cities.
While the adulterators mixed the chemicals to give sedative or muscle-relaxing effect to the consumers, senior department officials said that the deadly cocktail can result in withdrawal symptoms among addicts. In neighbouring Telangana where a similar racket was previously unearthed, some deaths were also reported owing to the adulteration.
Bawankule said the government’s new policy will be to permit liquor shops only in talukas where toddy can be tapped.
Toddy trees are primarily found in the Sindhurdurg, Ratnagiri, and Palghar districts in the Konkan belt. There are also some toddy-growing talukas in Western Maharashtra’s Sangli, Solapur, Pune, and Marathwada’s Nanded.
The existing policy permits toddy tappers from a particular taluka to open up shops in other areas in the district. Bawankule said the new policy will prohibit this. “They will have to remain within the same taluka to ensure that only natural toddy is served,” the minister said. In Mumbai, where there is no toddy cultivation, the sale of toddy will now be virtually banned. Out of 1,250 toddy shops across the state, about 250 exist in Mumbai. They will now be shut down, said officials. Under the new policy, one toddy shop will be permitted for 1,000 toddy trees, said Bawankule.
The department estimates the new prohibition will result in 65-70 per cent of toddy depots across the state shutting down. Monetarily speaking, the state’s income from toddy sales will drop sharply — from the present Rs 45 crore to Rs 10 crore. “We cannot factor in revenues when lives of people are being risked,” Bawankule said. “Lives of people are far more valuable,” added V Radha. The minister said the department’s crackdown on duty evaders in the past couple of months had resulted in an 8 per cent jump in revenue.
An earlier attempt for a similar prohibition of toddy sales had been made in 2003-04, but sources said the then Chief Minister SushilkumarShinde, who hails from Solapur, had rejected the plan following objections raised by toddy tappers.
(Source:-http://indianexpress.com/article/india/india-news-india/deadly-chemicals-mixed-with-toddy-across-maharashtra-cocktail-death-ban-excise-department-3079752/ dated 13.10.2016)
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Government working on logistics cost, taxation issues to boost exports: Nirmala Sitharaman
Commerce Minister Nirmala Sitharaman said that the government is working on issues with logistics cost, taxation and foreign trade policy to boost exports.
Government is working on addressing the key problems of exporters related with logistics cost and taxation to boost the country's outbound shipments, Commerce Minister Nirmala Sitharaman, on Friday, said. She also said that the Ministry has started the review of the foreign trade policy (FTP) with an aim to do mid-course corrections in the export schemes if required.
Speaking at a conference on 'Strategies for Double Digit Growth in Exports' organised by Assocham in New Delhi, the Minister said logistics is one of the "biggest issues" and it makes the cost competitiveness produced by an efficient exporter unviable, Sitharaman said. The Minister further said that the Prime Minister too is very conscious of this fact as to "what it (logistics cost) does to our exports".
"We have quite a few discussions on how best we can overcome these issues in the short term" but logistics are long terms issues, the Minister added. "The priority of this government has definitely been on how to cut down on the logistics challenges whether it is road or reviving inland water ways, identifying newer waterways and improving ports is another big issue," she said.
The Ministry is also working on making all the ports EDI (electronic data interchange) and on this both the customs and commerce ministry is working on. "On logistics, a complete comprehensive picture is being handled," she added.
The Commerce Ministry also had an inter-ministerial meeting to look at the issues related with railways and high freight cost "which are really mounting".
"We are engaging with railways to cut logistics cost," Sitharaman said. Talking about the taxation matter, she said: "it is one of the vexing issues".
"You cannot be paying tax over tax and also exporters cannot be taxed for exporting. We recognise that difficulty and I know that GST alone cannot give us the solution. In fact, GST would raise our ambition saying why can't taxation be simplified and subsumed many of these (state) taxes into GST so that we handle only one tax. We are trying to simplify it," she said.
Since the taxation matter also involves many states, the government is making sure that it takes them on board. "Simplification of tax is the top agenda of this government. We shall definitely address these issues," she said.
Further, the Minister said that the Director General of Foreign Trade (DGFT) has started a two-day workshop with 36 port officers to look into the issues of exporters. The Ministry, she said, is working on establishing 24x7 connectivity and presence of authorities at the ports.
(Source: http://www.dnaindia.com/money/report-government-working-on-logistics-cost-taxation-issues-to-boost-exports-nirmala-sitharaman-2264050 dated 14.10.2016)
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Indian government rules out blanket ban on Chinese goods. Know why
Commerce Minister Nirmala Sitharaman on Friday made it clear that a blanket ban on import of Chinese goods as being demanded by some sections in India is not a feasible option.
While responding to a query on curbs on imports from China, Sitharaman said: "Just because we may not like certain things about a country is not reason enough to block imports from that country. We could impose anti-dumping duties, but there are established ways to go about it and dumping has to be proved."
"Curbs can only be placed if there are quality issues or if the imports are subsidised or dumped.
"Anti-dumping duties are levied on particular items, on certain tariff lines...they cannot be levied across the board," she added.
In her bilateral talks with Chinese Vice Minister of Commerce and Finance Wang Shouwen on Thursday, Sitharaman said she raised concerns about India's growing trade deficit with China.
"Several issues have remained unresolved since I assumed charge in June 2014. I raised the issue of the difficulties faced by Indian IT companies in China with project approvals with the Chinese minister," Sitharaman said.
"Our pharma companies, for instance, have been recognised by the USFDA (Food and Drug Administration), the European Union. Why is it then that the permission from China is taking so long?" she added.
Sithraman said that the talks had been positive.
"The Chinese minister assured that he will come back to us on the matter, expeditiously. My impression is that they will come back to us sooner. The trade imbalance issue will addressed," she said.
An Indian commerce ministry release here on Thursday said Wang assured that China would act on the concerns expressed by India regarding market access for Indian goods, and said that recently China has quickened the pace of granting clearances to Indian pharmaceutical companies.
In 2015-16, India's exports to China were $9 billion, imports were $61.7 billion, leaving a trade deficit of $52.7 billion.
Meanwhile, Chinese media reported that calls for boycott of China-made goods in India following China's opposition to a UN ban on Jaish-e-Mohammed chief Masood Azhar have failed and instead sales have hit a record high.
"Encouragement to boycott Chinese goods has been spreading in the last few days on Indian social media. However, regardless of the passionate boycott in India and Indian media's hysteric reports of a 'doomsday' for Chinese products, Chinese goods have never been condemned by Indian government and are popular across the nation," said an article in the Global Times.
"The boycott has not achieved success. Sales figures for Chinese products on the top three Indian online retailers in the first week of October hit a new record," it added.
On Friday here, on the concluding day of the first BRICS Trade Fair, Sitharaman also expressed concern over the delay in signing of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) free trade agreement for which a framework agreement was signed in 2004.
With India in the chair of BRICS (Brazil, Russia, India, China, South Africa) for 2016, the forthcoming leaders' summit in Goa has made an "outreach" to the BIMSTEC, (which also comprises Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal, in this edition of the BRICS summit.
"A lot has been said about how we have not still signed an FTA. Yes, that is a concern and we shall work actively to get a consensus to have an FTA signed amongst the BIMSTEC countries," Sitharaman said at the BIMSTEC ministers meeting here.
(With IANS inputs)
(Source:-http://www.indiatvnews.com/business/india-indian-government-rules-out-blanket-ban-on-chinese-goods-know-why-352347 dated 15.10.2016)
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India’s Gujarat invites Qatari investments in about 140 sectors
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| Gupta and al-Kuwari after inviting Qatar Inc to Vibrant Gujarat 2017. |
Gujarat, one of the prosperous states that contribute more than 7% to India’s gross domestic product, has laid out red carpet welcome to Qatari investors; as it showcased about 140 sectors across all verticals.
The invitation was yesterday extended by Dr Rajiv Kumar Gupta, principal secretary (Labour and Employment Department) of Gujarat, to Qatar Chamber, ahead of the eighth edition of ‘Vibrant Gujarat’ global summit, which has US and Poland as the country partners, to be held in January next year.
Gujarat, the only Indian state to have two liquefied natural gas terminals, is seeking investments in several areas, particularly energy, petrochemicals, tourism, pharmaceuticals, ports and infrastructure sectors, Gupta told the Qatar Chamber.
“There is a growing cooperation in the hydrocarbon and other sectors. More recently, a number of steps have been taken to further strengthen and expand bilateral relations. These include exchanges of high level visits, cooperation in multilateral institutions and political consultations,” Qatar Chamber vice-president Mohamed bin Towar al-Kuwari said.
The focus areas of Vibrant Gujarat are agro and food processing, in which there are 22 projects; biotechnology (eight), chemicals and petrochemicals (nine), electronics hardware (14), energy and power (two), IT/ITes (five), logistics infrastructure and industrial area/parks (10), pharmaceuticals (seven), ports (14), skills development (16), technical education (six), tourism (20) and water supply (six).
The central focus of the global summit is “Sustainable Economic and Social Development”. It will bring together heads of states and governments, ministers, leaders from the corporate world, senior policymakers, heads of international institutions and academia from around the world to further the cause of development and promote cooperation, said Gupta, who is also the managing director of Gujarat Narmada Valley Fertilisers and Chemicals. Gujarat, the hub of chemical industry in India, accounts for 62% of India’s petrochemical production, 35% of other chemicals production and 18% of India’s chemical exports. The state’s chemical and petrochemicals industry comprises about 500 large and medium scale industrial units, about 16,000 small scale industrial units and other factory units.
The proposed special economic zone in Petroleum, Chemical and Petrochemical Investment region includes petrochemical and downstream petrochemical industries, synthetic organic chemicals, industrial gas, packaging, shipbuilding/fabricating unit and other small chemical industries.
Strategically located with India’s longest coastline of 1600km, Gujarat is the only state in India having two liquefied natural gas terminals with a combined capacity of almost 15MMT per annum. Moreover, 32% of total national cargo is handled only by non — major ports in Gujarat (2015-16), up from a meager 3% share in 1982.
Investment opportunities within ports include scope for Greenfield port development, maritime cluster, maritime shipbuilding parks and modernisation of port infrastructure. The state, which boasts of about 89% share of the Indian shipbuilding order book (by dead-weight tonnage or DWT), it has nine operational shipyard having capacity of about 1mn DWT and 15 more under various stages of implementation.
“Gujarat is targeting a capacity of 3mn DWT — thus maintaining its existing share of expected national market in shipbuilding/ repair market,” it said in a power point presentation.
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Hectic discussions between BRICS leaders in India
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| From left to right: South African President Jacob Zuma, Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Brazilian President Michel Temer [Image: BRICS2016] |
In a flurry of bilateral meetings on Saturday in the coastal Indian state of Goa, BRICS leaders discussed economic and political ties.
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping held a bilateral meeting ahead of the BRICS Summit that formally begins on Sunday.
The fight against terrorism and the crises in Syria was discussed at the meet, a Kremlin aide said.
“The Russian president and the Chinese president exchanged views on the Syrian issue. Putin informed his Chinese counterpart on local developments,” Dmitry Peskov told journalists.
“[During the meeting] the need for further cooperation to prevent the infiltration of the international terrorism into the territory of Central Asia and through it, was stressed,” Peskov said.
The 8th BRICS summit is taking place at a time of acute global discord.
Rising tensions between Moscow and Washington over the civil war in Syria and US interventions in the South China Sea are spilling over into a increasingly divided United Nations Security Council.
The Chinese President told Putin in India that as permanent members of the UN Security Council, the two countries “must further consolidate our cooperation within multilateral structures”.
“We must address key issues from the position of our joint coordination and cooperation, and hence work towards a more just and rational world order through joint efforts,” he said.
Meanwhile, on Saturday, in a separate meeting with South African President Jacob Zuma, Putin said the creation of the New Development Bank and the currency reserve fund by the BRICS “is the first step towards practical cooperation in a multilateral format”.
“We hope that apart from approving the more general political coordination, it (BRICS) will successfully tackle specific challenges and deal with economic matters,” Putin said.
Both Zuma and Putin referred to the “complicated global situation”.
BRICS have repeatedly said they are opposed to the ouster of Syrian President Bashar Al-Assad by outside forces.
On Sunday, the Goa communique (the joint BRICS declaration after the summit) is expected to refer to both the Syrian crisis and the violence in Yemen as well as to the broader fight against terrorism.
On Saturday, Indian Prime Minister Modi hosted his BRICS counterparts at an informal dinner. Modi also heald bilateral talks with the Chinese, Russian and South African Presidents.
The leaders summit will begin on Sunday with a restricted meeting of the five BRICS leaders.
(Ref. http://thebricspost.com/hectic-discussions-between-brics-leaders-in-india/#.WAnSLssaXqB dated 15.10.2016)
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India calls for global action against chemical weapons
India has voiced deep concern over terror groups acquiring chemical weapons, asserting that the international community must take urgent measures and decisive actions to prevent possibility of any future use of such weapons. India’s Permanent Representative to the Conference on Disarmament, Geneva, D B Venkatesh Varma, said this at a debate on weapons of mass destruction in United Nations yesterday.
He said that it has been New Delhi’s consistent position that the use of chemical weapons cannot be justified and the perpetrators of such abhorrent acts must be held accountable. He emphasised that India has a “flawless track record” of verification inspections and believes that the organisation for the Prohibition of Chemical Weapons needs to evolve transparent and objective criteria and modalities for inspections.
He said that the provisions of the Convention should be implemented in a manner that does not hinder legitimate activities, especially in countries like India with a large and growing chemical industry. Mr. Varma also told the committee, which deals with disarmament and international security, that India has strong and law-based national export controls consistent with the highest international standards with reference to control of nuclear, chemical, biological and toxin weapons and their means of delivery.
(Ref. http://theindianawaaz.com/india-calls-for-global-action-against-chemical-weapons/ dated 20.10.2016)
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India and Azerbaijan held Inter Governmental Commission Meeting in Baku
The Director General in the Ministry of Commerce and Industry of India Sunil Kumar met the Minister of Ecology and Natural Resources of Republic of Azerbaijan HuseynguluBaghirov in Baku and conveyed India’s keen desire to strengthen relations with Azerbaijan in all areas, including in bilateral trade, investment and their cooperation in the fields of trade, economic, scientific and technology.
Sunil Kumar is leading an Indian delegation for the 4th Meeting of the India- Azerbaijan Inter-governmental Commission in Baku on 25-26 October 2016. After the meeting of the two delegations, Sunil Kumar and GulmammadJavadov, Deputy Minister of Energy, signed a Protocol for further expansion of their cooperation in trade, investment, transportation, energy, industrial production, agriculture, tourism, healthcare, pharmaceuticals, education and Information technology.
Sunil Kumar said that India appreciates the efforts being made by Azerbaijan for development of the International North-South Transport Corridor which is being developed jointly by Azerbaijan, Iran, India and Russia. He said that INSTC will give a big push to regional economic and commercial exchanges and transform the regional transportation in the coming years. He also said that India has supported establishing greater coordination among all stakeholders to streamline the customs and other procedures so that cargo could move fast and efficiently on this route.
India has close and friendly relations with Azerbaijan. India was among the first countries to recognize Azerbaijan and establish diplomatic ties. Ambassador of India Sanjay Rana said that India- Azerbaijan relationship has been growing stronger based on their strong political ties and growing mutual cooperation. The bilateral trade between India and Azerbaijan during 2016 has increased by more than 28 % as compared to same period in 2015. India’s ONGC Videsh is a shareholder in Azeri–Chirag–Gunashli oilfield and Baku-Tbilisi-Ceyhan (BTC).
As the Government of Azerbaijan is taking steps aimed at developing the non-oil sector, the Indian companies are keen to make use of opportunities in non-oil sectors, like agriculture, industrial production, pharmaceuticals and information technology. Indian pharmaceutical products and medicines were known for their high quality at affordable prices and the availability of Indian medicines in Azerbaijan will be a win- win situation for all.
(Reference http://en.trend.az/world/other/2677541.html dated 26.10.2016)
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COMMODITYCHEMICALS-INDUSTRY RISKANDPRICINGANALYSIS
What? Where? Who?
As the name suggests,chemicals that are indistinguishable from their market variants are called commodity chemicals. They form the largest sub-segment in the chemical industry and are divided into the broad categories, suchasorganics, inorganics, explosives, rubbers, fibers, films, petrochemicals, plasticsresins,etc.
These chemicals are the backbone of the industry, as their derivatives find applications in practically all the manufacturing sectors in the market, namely aerospace and automotive, apparels,adhesives, transportation, personalcare and hygiene,construction and materials, plastics and tires,and agriculture, among others.
Being the manufacturing hub of the world, rising Asian economies, such as India, China and Indonesia are the center of the commodity chemicals market. As mentioned earlier, commodity chemicals form the largest sub segment of the chemical industry and form the basis of all other segments.
Balance the uneven!
Movements in any of the key economy indicators, globally, cancause a significant change in the market dynamics of this industry. This holds true for certain chemicals, while certain other chemicals are tied to the balance betweenen d-market demand and manufacturing supply. A closer look at the pricing dynamics indicate showcommodity chemicals served if ferentend-user industries with varying cyclicality profiles. Hence, thecyclicality of demand can vary greatly and influence the pricing in the market. For instance, specific end-market demand indicators,suchas housing starts,automotive builds and agricultural trends,among others,have as ignificant influence on the prices of the associated products.
The market,owing to it slow product differentiation, is highly competitive. Therefore,the price becomes adominant factor for buyers, while making a purchase. Inaddition, the high volatility of the prices of crude oil, which is the chief raw material for theproduction ofnearly all commodity chemicals, has a substantial influence on its cost. In fact, a comparison of the rate of change in the prices of crudeoil and propane for the last five years has indicated that the approximate correlation factor is 0.6, even though there is limited scope of passing on the raw-material volatility to customers.
United we stand, divided we fall
The high fragmentation of the manufacturers is a major deterrent of this market sector.Moreover,the variation in the cost of production from region to region, or local economic factors, can make the market competition excruciating for the regional players.
Moving on to the competitive risk in this industry,the first factor that comes into play is the ease of making an ewentry into the market. Though the capital investment for setting up a new manufacturing unitacts a sabarrier to new entrants, the effectiveness of the industry barriersis limited. There is hardly any advantage enjoyed by the existing players. Moreover,owing to the delicate balance between supply and demand,a single new entrant can significantly waiver the market conditions.
Where exactly Charlie?!
Another key factor in analyzing the business risk of the industry is the country risk. The location of the country plays a crucial role in rating any company. The range of risks originating from the operating location, such a seconomic conditions, institutional and legal issues, financial marketrisks, environmental regulations, etc., all have substantial power to control the business. Hence,it can be deduced that commodity chemicalsis aquitearisky business.
The Article has been written by Mordor Intelligence who are global market research and consulting firm
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COMMODITY CHEMICALS:MAJOR PLAYERS AND THEIR STRATEGIES
What are commodity chemicals?
Commodity chemicals are chemicals that are indistinguishable from its other market variants. Commodity chemicals form the largest sub-segment in the chemical industry and are divided into organics, inorganics, explosives, rubbers, fibers, films, petrochemicals,plasticsresins,etc.
Commodity chemicals: All around you!
These chemicals are the backbone of the industry, as their derivatives find applications in practically all the manufacturing sectors in the market. Certain industries that extensively use commoditychemicals are aerospaceand automotive, apparels, adhesives, transportation,personal care and hygiene, construction and materials, plastics and tires, agriculture, etc.
Where are they made?
Being the manufacturing hub of the world, rising Asian economies, such as India, China and Indonesia are the crux of the commodity chemicals market. Owing to the high number of local players, the market is highly fragmented. The high initial investment required to setup aplant acts as a barrier tone wentrants. However,there is high risk of new entries in this industry.The existing producers do not have an inherent advantage over the irproducts, as the product differentiation is low.In case of certain products, the existing players can benefit from the proprietary process technology or have logistics advantages. However,more of tenthannot,the entry barriers to the market are limited.
Who makes them?
Some of the key players in the commodity chemicals industry are BASFSE, Mitsubishi Chemical Holdings Corporation, BayerAG,INEOSGroupHolding, BayerAG, Evonik Industries, Chem China, The Dow Chemical Company, Sumitomo Chemicals, AsahiKasei, PPGIndustries, Lyondell Basell Industries, AkzoNobeland LindeGroup.
Some of the major players in this sector and their business strategies are: BASF:
The Chemicals and plastics segment, coupled with Energy and Resources constitutes a little over 15% of the total sales of the company. Its portfolio ranges from solvents, plastic izersandhigh-volumemonomers togluesandelectronic chemicals, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection and medicines. Currently,the major focus of the company is on a more marketdriven and innovative business. With strong partnerships with companies, such as Gazprom, Monsanto, Petronas, Shell, Sinopec, Statoil, Total and Yara,it has a strong hold over the chemicals business and is ready to combat with the increasing economic challenges in Europe. BASF’s products and solutions contribute to conserving resources, ensuring good nutrition and improving the quality of life.
BAYER:
With a vision of profitable growth,the company gives special at tention to research and innovation.In
2016 alone, the company had a budget of GBP4. 5 billions eta side for research and development. It believes that employees are the backbone of the company and provides a flexible working environment to help them reach their full potential.Covestro,the commodity chemicals department of the group, supplies raw materials for key industry sectors,such as automotive, construction and electronics industry, adhesives and sealants,as well as specialty products, such as films and elastomers. The company’s activities are embedded in a comprehensive sustainable strategy with the vision of “Making the world a brighter place”. Through its products, it aims to help master the challenges of macrotrends, such as climate change, diminishing fossil fuels, expanding global population, urbanization and increasing mobility.
MITSUBISHI CHEMICALS CORPORATION:
Mitsubishi Chemicals Corporation, a subsidiary of Mitsubishi Chemical Holdings Corporation, believes in constant advancement of its skills and technology to provide perfect solutions to its customers. After the fire accident that brokeout in one of the plants in 2007,the company pays special at tention to safety standards of the plants, along with a focus on minimizing the environment alfootprints of the company. Most of the commodity chemicals produced by Mitsubishi Chemicals Corporation are petroleum derivatives,suchasethylene,ethyleneoxide,acrylicacid, bisphenol-A,terephthalicacid,ethyleneglycol, butanediol,ethylenecarbonate,etc.The company’s vision for corporate governance is to ensure fast and efficient decision-making and business execution, clarify management responsibilities,ensure compliance and strength enrisk management. After Mitsubishi Chemicals Corporation and Mitsubishi Pharma Corporation established a holding company in October2005, both the companies have become wholly owned subsidiaries of MCHC.Since then,it follows the Group motto of ‘Agility,Priniciple, Transparency,Sense of survival,Internationalization, Safety,Security and Sustainability.’
The Article has been written by Mordor Intelligence who are global market research and consulting firm
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EMULSIFIERS: MICRO TECHNOLOGY WITH MACRO EFFECT
Introduction
Water and oil,when mixed together and vigorously shaken,form a dispersion of oil drop lets in water.Once the shaking stops,the phases start to separate.However, when anemulsifier is added to the system,the droplets remain dispersed,and as table emulsion is obtained.
Anemulsifier consists of a water-loving hydrophilic head and an oil-loving hydrophobic tail. The hydrophilic head is directed to the aqueousphase and the hydrophobictail to the oilphase.The emulsifier positions itself at the oil/water or air/water interface, and has a stabilizing effect on the emulsion by reducing the surface tension.
Major Applications
- Food Industry: Anemulsifier is well known in the food industry for its emulsifying effects, where it serves various functions. Following are some examples of the use of emulsifiers in the food industry:
- Modifies oil crystal and prevents water spattering in cooking
- Destroy semulsion to stabilize foam and to make smooth texture in ice cream,and keeps its shape
- Reacts with proteins to make a smoothe as y-rising dough in bread
- Acts on starch to make bread soft
- Personal Care Industry: Emulsifiers are an important category of surfactants for personal care applications. They are essential in the production of creams and lotions.Emulsifiersenable oil and water/aqueous components to mix and remains table over along period of time.Choosing anoptimum emulsifier system helps create even lydispersed,smalldroplets,thus providing kinetic stability and anelegant texture, skin feel and appearance to creams and lotions. Typically, emulsions have a milky white,opaque appearance due to the type and level of emulsifiersused; however,there are micro emulsions that appear clear or transparent to the humaneye.These are
used in specialized applications,such as enhancing skin permeation of active substances. Emulsifiers of ten impart a specific texture or sensory aspect to the end product,so theirs election is important for marketing appeal as well as technical aspects.
Current Market Scenario
The global emu ls ifiersmarket is expected to grow at a CAGRof5.28% between 2016 and 2021.Factors contributing to the market growth include increasing popularity of natural emulsifiers and growing usage of emulsifiers in personal care products and the food&beverageindustry.Technological advancements with in the food processing industry are expected to further boost the market growth.Factors such as increasing demand for packaged food, escalating income levels and availability of packaged functional foods are boosting the demand for emulsifiers. However, consolidation with in the food additive industry is expected to restrain the market growth.
Among all the products,lecithin represents the largest share in the emulsifiers market.Lecithinis used widely infeed, food, nutritional supplements and cosmetics. The United States represents the largest market worldwide,where as Asia-Pacific is projected to grow at the highest CAGR due to sustained
demand for natural emulsifiers.
Some of the key players in the emulsifiers market include CargillInc., LonzaGroup, BASF, AAKBakery ServicesLtd., DSMNutritional Products, DuPont, Lubrizol Advanced Material, Danisco A/S, ArcherDaniels MidlandCompany, DowCorning Corporation, PalsgaardA/S, StepanCompany,and KerryGroup.
Recent Developments
Emulsions are a fundamental product form for many cosmetic categories, which involves careful selection of optimumemulsifiersystems. Cosmetic science has progressed a long way and at present there is atrend towards liquid crystal structures and emulsifiers that are acceptable and usable to manufacture certified natural cosmetics.
- Alfa Chemicals worked one mulsifier technology and developed an emulsifier with at radename of Sucragel AOFBIO, which is an a turalliquidemulsifier based on sucroselaurate. It can be used in the oil phaseasaco-emulsifier for creams and lotions. It canalsobeusedtogel oils, which can then in turnbediluted with water to for mafinesprayable emulsion.
- Aze is Personal Care developed emulsifier-based products, suchas BlanovaMuls GMSC,
BlanovaMulsEco77, and BlanovaMulsEco2277Eco,among others. For example, BlanovaMuls GMSCisglyceryl stearatecitrate based emulsifier, which isused to emulsifyhigh amounts of oil. It is particularly suitable for the production of sprayable emulsions.
- Croda’s new product for mulations based on emulsifier technology include Arlacel1690,Arlacel
2121, NatraGemE145 and NaturGemE140. These products are developed in order to cater to the growing demand from the cosmetic industry. For example, NatraGemE145 is a natural emulsifier, which is compatible with both lo wand high polarity oils with excellent electrolyte, pHand temperature tolerances.
- DowCorning developed DCES-5612 Formulation Aid, which is asiliconeemulsifierdesignedto
prepare low viscosity water-in-silicone and water-in-oil emulsions.
Cost
Emulsifiers are generally cost extensive to manufacture and process, owing to the high raw material costs associated with them. Emulsifiers significantly increase the cost of product in which they are added. Occasionally the cost of their formulation is almost doubled by their addition. However, owing to advancement intechnology, natural raw materials based emulsifiersare being developed,which are not only of higher quality, but areal sorelatively cheaper. Forexample, a new starch emulsifier developed by Ingredion can deliver four times theemulsifying power of traditional beverage emulsifiers, enabling manufacturer stoslash production and distribution costs.
The Article has been written by Mordor Intelligence who are global market research and
consulting firm
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Launch of Enhanced Foreign Trade Data Dashboard
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EPC:EDP:IMPCOM |
20th Oct, 2016 |
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Launch of Enhanced Foreign Trade Data Dashboard
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Dear Members,
We are pleased to inform that in line with ease of doing business initiative, the Govt of India has launched ‘Enhanced Foreign Trade Data Dashboard’ which can be accessed on the hyperlinks commerce.gov.in/analytics or http://dashboard-commerce.gov.in/.
This dashboard which was launched by the Hon. Commerce Minister, Mrs Nirmala Sitharaman on 10th October provides up-to-date information on export value, import value, top ports, top commodities, balance of trade etc. which is very useful to the industry.
The banner to access the enhanced foreign trade data dashboard has also been placed on Council’s website (https://chemexcil.in) .
All members are therefore requested to take advantage of the same.
Thanking You,
Yours faithfully,
(S.G. BHARADI
Executive Director
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Request List for India-Iran PTA Negotiations
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EPC/LIC/IRAN |
13th October 2016 |
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Request List for India-Iran PTA Negotiations
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Dear Members,
The Council has received communication from the Department of Chemicals & Petrochemicals (DCPC) that Department of Commerce (DoC) has informed them about ongoing India- Iran Preferential Trade Agreement (PTA) negotiations and request list of items which is being prepared for Iran.
A preliminary analysis of products which have been exported from India to Iran in 2014-15 and 2015-16 has been carried out by the Department of Commerce and attached for your reference. The analysis also provides information about MFN applied by Iran and preferential tariffs for other countries.
In this regard, members-exporters are requested to send their comments/ inputs on the list and also highlight products which can added/ removed along-with brief justification. The replies be sent to us latest by 16th October 2016 on e-mail ids- deepak.gupta@chemexcil.gov.in & info@chemexcil.gov.in .
Thanking You,
Yours faithfully,
(S.G. BHARADI
Executive Director
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Monitoring of Realization of Exports proceeds for the drawback EDi s/Bills - Submission of BTCs/ Negative statements for the Shipments having LEO dates 01.01.2004 - 31.03.2014- reg.
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F. No S/12 –Gen- Misc-82/2016-17/DBK/BRC NSII |
Date: 07.10.2016 |
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Monitoring of Realization of Exports proceeds for the drawback EDi s/Bills - Submission of BTCs/ Negative statements for the Shipments having LEO dates 01.01.2004 - 31.03.2014- reg.
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Dear Members,
Kind attention is hereby invited to the Board Circular 05/2009 Cus- dated 02.02.2009 and Public Notice No 11 dated 22.11.2009 issued by this Custom House whereby exporters were advised to submit BRCs/Negative statements issued by Authorized Dealer(s) and Chartered Accountants functioning as statutory auditor of exporter’s account on a 6 monthly basis. The exporters are required to furnish such certificates on a 6 monthly basis before the 7th day of January and July in respect of exports which have become due for realization in the previous 6 months. In terms of above instructions exporters are advised to submit the negative statements/BRCs in respect of S/Bills having LEO dates from 01.01.2004 to 31.03.2014 by 24.10.2016.
2. The IECs of the such exporters pertaining to the aforesaid period i.e 01.01.2004 to 31.03.2014 pending for submission of the BRC certificates/negative statements by the exporters as on 31.08.2016 is being uploaded along with this Public Notice. All the concerned exporters are advised to check the lists and submit the BRC certificates / negative statements pertaining to their shipments effected during the aforesaid period latest by 24.10.2016. In the event of non-submission of the BRC certificates / negative statements, an alert would be inserted against the exporter’s IEC.
3. The submission of BRC certificates/negative statements should be made in the office of the Assistant Commissioner of Customs, Drawback, BRC Cell, JNCH (Nodal Officer). The submission can also be made by the post at the following address;
Assistant Commissioner of Customs,
Drawback, BRC Cell, JNCH,
Sheva,Taluka Uran, Distt-Raigad,
The contact number of the Nodal Officer (BRC Cell) is 022-27244914
Sd/-
(M. R. Mohanty)
Commissioner of Customs, NS II
JNCH, Nhava-Sheva
Annexure : List of defaulting IEC
Copy to
1.The Pr. Chief commissioner of Customs, Zone I & II.
2.The Pr. Commissioner of customs, (Genl.) & II
3.The Commissioner of Customs, I/III/IV/V.
4.All Addl/Joint/Dy./Asstt. Commissioner ,JNCH.
5.Appraising Main(Imp) & (Exp) and PSO,JNCH
6.Website.
7.Office copy.
8.For FIEO, BCHAA, Mumbai for wide circulation among their members.
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