Saravanan's Blog

Source: http://www.portwings.in/editorial/apple-import-restrictions-put-india-in-the-dock-in-wto/ Port Wings, October 28, 2015 As anticipated, members in the World Trade Organization put Government of India in the dock on the latter’s decision to restrict import of apples to only one port against a dozen located on West Coast as well as in East Coast of the sprawling country. Even though the Indian representative successfully defended the move by banking on the very statute meant for global trade, where there is no ban on restricting movement of any goods to only one port of the WTO member country, the defence may be satisfying to the others at WTO but relatively failed to bring cheer among the importers back home. India also defended the move by saying that the measure does not fall within the definition of an import licensing measure under the Agreement on Import Licensing Procedures and thus is not fit for discussion under the WTO Committee. However,...

source:  http://www.portwings.in/articlesinterviews/colachel-port-project-takes-wings/ Port Wings News Network: With the Tamil Nadu State Government giving its nod to develop the Colachel minor harbour in Kanyakumari district into a Major Transshipment Port few weeks ago,  the Ministry of Shipping has accelerated its process to convert the mammoth project into a reality in a shortest possible time. Dr. Alok Srivastava, Additional Secretary, Ministry of Shipping In an exclusive chat with Port Wings on the sidelines of an event in Chennai recently,  Dr. Alok Srivastava, Additional Secretary, Ministry of Shipping, said that the (Shipping) Ministry is moving ahead in an unprecedented pace to make the port project a reality . “We have already called for Consultants for Preparation of Detailed Project Report for Development of Colachel Port. Once the DPR is in our hands, which is expected in about six months time, we will move ahead with the next stage of the pro...

Source:  http://www.portwings.in/articlesinterviews/chennai-ports-proposed-world-class-coal-handling-facility-hangs-in-balance/ Port Wings News Network: Chennai Port’s proposal to have a world-class Coal Handling Facility before the Supreme Court hangs in balance as the next hearing is slated to begin in November. According to sources, the proposal, submitted  by the port management, is fully backed by the Government of Tamil Nadu and Indian Railways for the business opportunity as well as long-term energy security to the state . STORY SO FAR Chennai Port was handling about 10 Million Tonnes of coal per annum at JD(East) Berths until the High Court of Madras vide Its Order in May, 2011, imposed a ban on handling dusty cargoes including coal at Chennai Port from October 2011. The Port has suffered a loss of cargo of about 18 Million Tonnes comprising Iron Ore and Coal. With the ban in Chennai Port, other ports in the vicinity including the private ports ...

Source:  http://www.portwings.in/editorial/bleeding-exports-send-warning-signals/ Port Wings, Oct 21, 2015: For the tenth month in a row, India’s merchandise exports and imports have recorded its steepest downward trend. Though the message is clear and loud, and situation  in exim sector is turning from bad to worse, the government machinery is still in deep slumber. In other words, the promising words of the Prime Minister Narendra Modi, Finance Minister Arun Jaitley and Commerce Minister Nirmala Sitharaman on different podiums both in the country as well as in overseas on ensuring better trade atmosphere, seems to be  just words without corroborating actions . More specifically, in the past six months, our exports are declining on a rate that never been expected by the market analysts and trade pundits. The latest one in September –  about 25 % -- is not only shocking to the entire trade community, but also bares the promises of government is a...

source: http://www.portwings.in/editorial/modi-ji-concentrate-on-economy-other-issues-can-wait/  Port Wings, Oct 14, 2015: Prime Minister Narendra Modi during his aggressive election campaign in 2014 often repeated before the crowd that his experience in governance in State of Gujarat would help to ensure good governance in Union Government as well as to ensure India is back on its feet as a global economic power. However, 16 months have passed by now and there is not a  single sign of utilization of Gujarat experience has seen anywhere from the Modi-led Government as for as the economic affairs are concerned,  as EXIM figures falling continuously without any support from the government. On the other hand, Modi’s Gujarat experience seems to be got its way into New Delhi’s policies as a few pointers like cow-slaughter issues,  beef ban, Hindification of India and saffronisation of education system  are clearly indicating what is the Modi-Govern...

Source: http://www.portwings.in/ports/adani-group-takes-over-lts-kattupalli-terminal/ Chennai: Port Wings News Network: Signaling the arrival in Chennai’s EXIM trade map, Adani Group, headed by Mr Gautam Adani, has taken over the Kattupalli International Container Terminal (KICT), promoted by engineering major Larsen & Toubro at Kattupalli Port in Tamil Nadu . According to highly placed sources, a team from Adani Ports and Special Economic Zone (APSEZ) taken over the day-to-day management of KICT  under “Operations and Maintenance”  concept with effect from Oct 01 from L&T team at the port . According to a BSE filing on Oct 1, Adani Ports (Adani) announced that it has entered into a non-binding Memorandum of Understanding with L&T Shipbuilding (L&T) for evaluating the operations of the Port at Kattupalli, Tamil Nadu, with effect from October 2015 for one month. It’s worth mentioning here that Port Wings in July had published the n...