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Showing posts from February, 2015

Port Wings Editorial: EXIM sector deserves better deal in this budget

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Source: http://www.portwings.in/editorial/editorial-exim-sector-deserves-better-deal-in-this-budget/ Exports and imports, shortly known as EXIM, are the two yardsticks, which could be taken into account while deciding on the financial condition of any economy. For a country like India, which is surrounded by sea on three sides and chances for sea-borne cargo movement both locally as well as internationally remains high, EXIM sector never receives the advantage it ought to get in nation-building. Even though the top honchos from the Exim sector persistently demanded the Government of India to give more importance to the sector time and again, it had never materialized in the last six decades of independence. For countries in European Union, Exim sector plays a pivotal role in harnessing economic growth. According to the chieftains of those countries in Europe, the sector, which gives them an opportunity to develop their economies without disturbing the nature, has t...

Tirupur Exporters assure cargo support to Chennai Port

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Source: http://www.portwings.in/logistics/tirupur-exporters-assure-cargo-support-to-chennai-port/ Port Wings News Network: Exporters from the Tirupur region have assured sustained cargo support to Chennai Port if they port management evolves a conducive atmosphere for seamless movement of goods from Tirupur to Chennai. Addressing the trade meet organised by the Chennai Port Trust (ChPT) with an aim to draw the Tirupur knitwear exporters to use the Port at Tirupur on Feb 19, Dr A Sakthivel, President of Tirupur Exporters Association (TEA), said, “The exporters here are ready to use Chennai Port in future if the port management understands the constraints of local exporters and fine tune the process accordingly. ” Dr Sakthivel stated: “For years, exporters from the region were using Chennai Port alone for their shipments. Few years ago, when the Port started facing huge congestion, majority of them started moving to other ports like Tuticorin and Cochin. Of the total e...

Port Wings Impact: Chief Commissioner of Customs inspects CWC, posts 2 more officers

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Source:  http://www.portwings.in/general/port-wings-impact-chief-commissioner-of-customs-inspects-cwc-posts-2-more-officers/ Port Wings News Network: Reacting to a news item published in Port Wings on lack of 24X7 Customs Clearance facilities at CWC Madhavaram titled “Missing round-the-clock Customs Clearance affects EXIM Trade,”  few weeks ago, Mr S Ramesh, Chief Commissioner of Chennai Customs, visited the terminal few days ago and conducted on-spot verification. According to sources, the Chief Commissioner, accompanied by a group of senior Customs officials including the Docks Admin, visited the CWC Madhavaram Facility and enquired about the existing status of Customs clearances services there. Unimpressed with the reply of Customs officials (posted at the facility), who claimed that transporters as well as Customs Brokers never come to CWC Madhavaram at night hours for clearing their cargoes, Mr Ramesh enquired about it with those CHA agents and transport cle...

AAPsolute message to India

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Source:  http://www.portwings.in/editorial/aapsolute-message-to-india/ Port Wings Editorial, Feb 18, 2015: The scale of Arvind Kejriwal-led Aam Aadmi Party (AAP) victory in New Delhi Assembly elections was beyond everybody’s expectations. The BJP, which received a clear and comprehensive mandate to rule the whole India just nine months ago, finished it tally in single digits, while the Congress party, which had ruled the state until two years ago, failed even to open its account at the election. Though the AAP won 67 seats out of 70, the task before Chief Minister Arvind Kejriwal now is to fulfill the promises it made to the Delhi electorate. Their promise of abundant supply of water, free wifi and electricity at cheap rates will come to haunt them throughout their tenure of five years and they may never be able to fulfill this to the satisfaction of all. However, the distinguishing feature of AAP is their claim to provide an honest administration free from corru...

Chennai Port’s proactive measures ease congestion

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Source: http://www.portwings.in/ports/chennai-ports-proactive-measures-ease-congestion/ Port Wings News Network: Sustained as well as coordinated efforts by the Chennai Port management for the past few weeks have resulted in easing the trailer congestion, which has been a synonym for the port for years. Mr Atulya Misra, Chairman, Chennai Port Trust Speaking to Port Wings jointly, Mr Atulya Misra, Chairman, Chennai Port Trust (ChPT) and Mr I Jeyakumar said that the port management’s efforts on easing congestion of container trailers have borne expected results and we have achieved what was not achievable until a few weeks ago. For the last few years, the Chennai Port Trust (ChPT) has been witnessing long haul trailers lined up for miles, sometime upto 20 kms till Ernavoor, to get into the two container terminals through its Zero Gate. Mr I Jeyakumar, Deputy Chairman, Chennai Port Trust As a cascading effect of the growing container trade, problem of congest...

15 months on, CWC’s seal verification centre still a dream

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Source:  http://www.portwings.in/general/15-months-on-cwcs-seal-verification-centre-still-a-dream/ Port Wings News Network: With the view to decreasing the congestion of container-laden trailers along Ennore Expressway and Madhavaram to the port, Central Warehousing Corporation (CWC) on Nov 29, 2013 inaugurated its parking yard cum seal verification centre at Thiruvottiyur. However, 15 months have passed by now, but nothing moved beyond the proposal level. And now the Exim fraternity in Chennai has appealed to the CWC to start the operations soon at Thiruvottiyur as two other ports in close proximity started attracting cargoes originating from the region. In the presence of Central Warehousing Corporation (CWC) managing director Mr B B Patnaik and Chennai Port Trust Chairman Mr Atulya Misra, the then Union Minister of Shipping Mr G K Vasan inaugurated the operations of the Thiruvottiyur Parking Yard by flagging off the first container-laden trailer to the yard. ...

EXIM Community of Andhra Pradesh Pins Hope on Centre for Growth

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Source:  http://www.portwings.in/articlesinterviews/exim-community-of-andhra-pradesh-pins-hope-on-centre-for-growth/ Port Wings News Network: After the bifurcation, Andhra Pradesh State now forced to start from scratch and since the coastal state in East has immense potential to become a maritime hub in future , we expect the Union Government to support development of maritime infrastructure here, Mr. G. Sambasiva Rao, Vice President of Andhra Chambers of Commerce and Industry Federation (Andhra Chamber) and the Managing Director of Sravan Shipping Group has said. In an exclusive interview to Port Wings after taking over the VP post in Andhra Chamber, Mr Sambasiva Rao, a well-known face among the EXIM fraternity in Andhra Pradesh, said, “After the bifurcation, most of the areas where infrastructure were fully developed,  are now in the Telangana State. The onus is on us, the EXIM fraternity, to ensure that the districts in the Andhra Pradesh get due attention ...

Port Wings Editorial: Tread cautiously while getting closer to USA

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Source:  http://www.portwings.in/editorial/tread-cautiously-while-getting-closer-to-usa/ Port Wings Editorial, Feb 04, 2015; In recent months, after BJP-led National Democratic Alliance wrested power from Congress, a popular sentiment within some circles in Washington as well as in New Delhi has been the possibility of a strategic relationship between the United States and India. As anticipated, Prime Minister Narendra Modi, who was consistently denied visa (as Chief Minister of Gujarat) by the USA authorities for his alleged role in Gujarat Riots, went to the United States in September last as the Indian Prime Minister to attend United Nations General Assembly. The reception PM Modi received in the American soil, be it at the UNGA or at the Madision Square Garden, totally changed the US perspective on Modi as Prime Minister of world’s largest democracy. After marking his presence emphatically in the USA, PM Modi invited the American President Barack Obama to India’s...

Missing round-the-clock Customs Clearance affects EXIM Trade

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Source:  http://www.portwings.in/logistics/missing-round-the-clock-customs-clearance-affects-exim-trade/ Port Wings News Network: While the Prime Minister Narendra Modi strongly  advocating for “Make in India” and emphasizing on increasing exports from the country on every business forum to infuse growth in the economy, lack of enthusiasm from Customs Department, mainly responsible for facilitating export and import (Exim) trade, is affecting the sector, traders say. According to regular users,  though the CWC Madhavaram in the outskirts of Chennai had been nominated as 24X7 facility by the Central Board of Excise and Customs (CBEC) for seal verification and to issue Let Export Order (LEO) for factory-stuffed containers and for MOT stuffing about two years ago, Customs officials vanishes after 10 pm everyday and clearances of those containers reaching in the evening hours done only the next day afternoon . Exporters from the state as well as from neighour...