EEPC INDIA :: Info Bulletin

Mr. B D Agarwal, Regional Chairman (ER), EEPC India giving welcome address at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata. On his left, Mr. Ravi Sehgal, Chairman, EEPC India; Mr. Mayank Kejriwal, Member of the Regional Committee (ER), EEPC India; Mr. G D Shah, Former Chairman, EEPC India; Mr. G K Madhogaria, Dy. Regional Chairman (ER), EEPC India and on his right Mr. Arun Kumar Garodia, Vice Chairman, EEPC India; Mr. P K Shah, Former Chairman, EEPC India; Mr. Rakesh Shah, Former Chairman, EEPC India; Mr. Adhip Mitra, Additional Executive Director & Secretary, EEPC India & Mrs. Anima Pandey, Regional Director (ER) & Director (Membership), EEPC India
Mr. Ravi Sehgal, Chairman, EEPC India addressing the members at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata
Mr. G D Shah, Former Chairman, EEPC India sharing his grief at the sad demise of Mr. S S Kejriwal at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata
Mr. Arun Kumar Garodia, Vice Chairman, EEPC India addressing the members at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata
Mr. Rakesh Shah, Former Chairman, EEPC India sharing his grief at the sad demise of Mr. S S Kejriwal at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata
Mr. P K Shah, Former Chairman, EEPC India sharing his grief at the sad demise of Mr. S S Kejriwal at Meeting of the Regional Committee of EEPC India (ER) held on 7th January, 2020 in Kolkata

My dear fellow exporters,

The Union Budget for 2020-21 definitely bought good reason to smile for the Indian MSME sector. The budget recognized the vital role played by this sector in economic development of India and adopted some timely measures to address the major concerns of this sectors.

Factor Regulation Act 2011 was amended to enable NBFCs to extend invoice financing to the MSMEs through TReDS, thereby enhancing their economic and financial sustainability. Introduction of a new scheme was proposed to provide working capital credit to MSMEs which would further be guaranteed through the Credit Guarantee Trust for Medium and Small Entrepreneurs (CGTMSE). Window for restructuring of debt for the MSMEs, which was scheduled to end by 31st March 2020, was extended for one more year. Launching of an app-based invoice financing loans product was announced with a view to address the problem of delayed payments and consequential cash flows mismatches for the MSMEs.

One prominent relief for the MSMEs came with the proposal of the government to raise the turnover threshold limit for audit to Rs. five crore from Rs. one crore with condition of carrying out less than 5 percent cash transaction in total business in a financial year.

Last but not the least, launching of the NIRVIK (Niryat Rin Vikas Yojana) scheme was announced with the objective to achieve higher export credit disbursement. This would lead to higher insurance coverage of 90 percent as against the existing 60 percent of principal and interest, along with reduction in premium for small exporters and simplified procedure for claim settlements. This in our view will be immensely beneficial for small exporters.This Scheme for “Reversion of duties and taxes on exported products”(more familiar as ‘RODTEP’) was also announced to be launched from next fiscal to digitally refund duties and taxes levied at the Central, State and local levelson exporters as a replacement of the existing MEIS scheme.

Being the premiere trade and investment promotion body under the aegis of Ministry of Commerce, Government of India, EEPC wholeheartedly welcomes this move as over 55 percent of our 13,000 members are from MSME sector.

Ravi Sehgal

Amidst India’s faltering merchandise export growth and prolonged contraction in export credit growth, exporters have at least seen some silver lining as both the domestic government and the monetary regulatory authority RBI have been in consultation to ease priority sector lending norms for exports in order to ensure higher flow of credit towards export sector, according to news source. The Commerce and Industry minister has very recently held a meeting with senior public-sector bankers to push for easier and higher flow of credit disbursalfor exporters at cheaper rates. The government is expected to announce a slew of measures to boost export growth very soon while the RBI is also likely to change credit norms in favour of the exporters.

The measures to reinvigorate export credit has been the demand of the exporters as many MSME exporters have already been forced to go out of business due to excessive financial crunch and many are facing the same threat. To ensure availability of hassle-free credit to small exporters is a priority for the commerce minister.According to the latest RBI data, export credit of scheduled banks shrank as much as 36.1% year-on-year as of June 21, even on a low base of 42.7% contraction a year earlier.

The interest subvention provided to the exporters to the extent of three to five percent on bank credit has to make way for suitable alternative as WTO has raised objection to this kind of schemes on the ground of non-compliance. An alternative mechanism to facilitate export credit is desperately required. EEPC India has already suggested refund of embedded taxes for the exporters.

EEPC India, as a premiere trade and investment promotion body under the Ministry of Commerce and Industry, wholeheartedly thank the government for its initiative to revive exports from India.

France
(Source : Embassy of India, Paris)

Significant trends in Trade & Investment (Sources: French customs statistics and Business France statistics)

Trade – In NOVEMBER 2019, India France bilateral trade stood at € 792.88 million. India’s exports to France stood at € 407.67 million. Main exports to France included Aviation turbine fuel (ATF), T-shirts, precious jewellery, diamonds, pharmaceutical products, turbo-jets, frozen shrimps, other articles of leather or of composition leather, telephones for cellular networks "mobile telephones" or for other wireless networks.

Meanwhile, French exports to India stood at € 385.21 million. Main exports to India included aeroplanes and parts thereof, vaccines, line pipes, organic chemicals, turbo-jets and turbo propellers and gas turbines; and parts of aeroplanes or helicopters, articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s.

Investment – According to the ‘Business France Annual Report 2018’, a public operator supporting French investors in India and Indian investors in France, there are over 150 Indian companies operating in France (including sub-subsidiaries), employing around 7,000 people. Seventeen investments from India were recorded in 2018, Indian projects often involved decision-making centres (59% of projects; 53% of jobs) and production/manufacturing operations (18% of projects; 34% of jobs). Investments were mainly made in the software and IT services sector (24% of projects; 30% of jobs), and the machinery and mechanical equipment sector (12% of projects; 21% of jobs).

Thailand
(Source : Embassy of India, Bangkok)

Jurin Leads to India
Thansettakit 20.01.2020

Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit leading private companies to visit Bengaluru and Hyderabad in India on 16-20th January 2020 with the expectation to expand Thai export and service business into India market. 3 MoUs between Indian and Thai businesses will be made during the visit which are Tapioca Dextrin trade ($1 million or around THB30 million), Modified Starch trade ($5 million or around THB150 million), and glue powder trade ($2 million or around THB60 million).

Thailand and India are ready to strengthen relationship
Ryt9 23.01.2020

Ms. Suchitra Durai, Indian Ambassador to Thailand, visited Mr. Somkid Jatusripitak, Deputy Prime Minister, at the Government House to discuss many topics. Mr. Somkid confirmed that Thailand is ready to collaborate with India in all sectors especially economic sector. Ms. Suchitra invited Mr. Somkid to preside over and join the event “North East India Festival 2020” which will be held during 21-23 February 2020 at Central World and Centara Grand @Central World. The event will be held to promote cooperation between the Northeast region of India and Southeast Asia. Mr. Somkid wants India to support regional connections between India and Southeast Asian countries, according to the policy “Act East Policy” of India. The Indian Ambassador also invited Thailand to be a member of “International Solar Alliance (ISA) and Coalition for Disaster Resilient Infrastructure (CDRI).”

Nepal

(EEPC Ref. No. DB-2407)

Project	Nepal India Electricity Transmission & Trade Project Credit/Grant No. : 4902-NP/H660-NP Project ID No. : P115767
DB Ref. No.	WB-P461886-01/20
Issued by	The Project Manager Nepal India Electricity Transmission and Trade Project Transmission Directorate Nepal Electricity Authority Kharipati, Bhaktapur, Nepal Tel. : +977 1 6616932 E-mail : niettp400kv@gmail.com
Bid No.	NIETTP/G/ICB-5/TRANS
For	Procurement of Plant Design, Supply and Installation of Power Transformer and Reactor for Hetauda & Inaruwa Substations.
Tender cost	Non-refundable fee of NRs. 22,600.00 (In words, Nepalese Rupees Twenty Two Thousand Six Hundred only) deposited in the current Account No. 00051040015275 at Laxmi Bank Ltd, Hattisar, Kathmandu or in the form of draft drawn in favor of the “Hetauda-Dhalkebar-Duhabi 400 kV-NEA”. The document will be handed over to the bidder upon production of evidence of payment of the fee. Foreign Bidders, who wish to receive the bidding document by post/courier, may send a request to the Employer with a payment of additional fee of US$ 300.00 in a form of bank draft in favor of “Hetauda-Dhalkebar-Duhabi 400 kV-NEA”. If so requested, NEA will send the document to the address requested by them. However, the Employer will not be responsible for delayed or non delivery of the documents so sent.
Bid Security	Not less than Nepalese Rupees 17,000,000.00 or an equivalent amount in freely convertible currency as per exchange rate list published by Nepal Rastra Bank which shall be valid for 28 days beyond the bid validity period.
Bid deadline	*11.03.2020*

Nepal

(EEPC Ref. No. DB-2408)

Project	Disaster Resilience of Schools Project Loan No. : 3702-NEP Financing from ADB
DB Ref. No.	ADB-P470682-01/20
Issued by	Project Director Central Level Project Implementation Unit (Education) 4th Floor Shanta Plaza, Gyaneshwor, Kathmandu Tel. : +977-1-4420106 Fax : +977-1-4420521 E-mail : info@moepiu.gov.np Website : www.moepiu.gov.np
Bid No.	DRSP/CLPIU/076/77-Dolakha-02
For	Construction of School buildings, Toilet and Water Supply facilities including site development works in 11 (Eleven) schools of Dolakha district.
Tender cost	Non-refundable fee of NPR 20,000 or US$ 200 towards the cost of the bidding document. Bidders who wish to receive the bidding document by courier shall pay an additional amount of NPR 25,000 or US$ 250 for overseas delivery. No liability will be accepted for any loss or late delivery. The local currency should be deposited in the account as given below. In case of foreign currency, it is to be in the form of a Bank Draft in favor of Central Level Project Implementation Unit (Education). Name of the Bank : Rastriya Banijya Bank, Thamel, Kathmandu Name of Office : Central Level Project Implementation Unit (Education) Office Code No. : 392003502 Revenue Account No. : 1000200010000 Revenue Code. : 14229
Bid deadline	*02.03.2020*

Nepal

(EEPC Ref. No. DB-2409)

Project	Disaster Resilience of Schools Project Loan No. : 3702-NEP Financing from ADB
DB Ref. No.	ADB-P470679-01/20
Issued by	Project Director Central Level Project Implementation Unit (Education) 4th Floor Shanta Plaza, Gyaneshwor, Kathmandu Tel. : +977-1-4420106 Fax : +977-1-4420521 E-mail : info@moepiu.gov.np Website : www.moepiu.gov.np
Bid No.	DRSP/CLPIU/076/77-Sindhuli-02
For	Construction of School buildings, Toilet and Water Supply facilities including site development works in 15 (Fifteen) schools of Sindhuli district.
Tender cost	Non-refundable fee of NPR 20,000 or US$ 200 towards the cost of the bidding document. Bidders who wish to receive the bidding document by courier shall pay an additional amount of NPR 25,000 or US$ 250 for overseas delivery. No liability will be accepted for any loss or late delivery. The local currency should be deposited in the account as given below. In case of foreign currency, it is to be in the form of a Bank Draft in favor of Central Level Project Implementation Unit (Education). Name of the Bank : Rastriya Banijya Bank, Thamel, Kathmandu Name of Office : Central Level Project Implementation Unit (Education) Office Code No. : 392003502 Revenue Account No. : 1000200010000 Revenue Code. : 14229
Bid deadline	*02.03.2020*
Source	UN Development Business Website

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (February 01, 2020)

(Exclusive of GST) (Trade Terms 1% Cash Discount)

(Rate Rs. per Tonne)

Ingot
Arc/Ind. Furnace
Round quality (21x25)	31,900
Structural quality (28x30)	31,900
Low carbon (12x16)	-
Semi low carbon (18x21)	31,850
5x6 Girder quality (25x30)	-
Runners/Risers	31,950
Bones/Clean	-

Billets & Squares
50x50x63x63x65x65 mm MS	-
75x75x80x80x90x90 mm MS	32,100
100x100 mm MS2	32,100
125x125 mm MS/ Concast	-
100x100 mm Concast-Billets	32,100
100x100 Concast-SAIL DSP	32,100
H.C. Billet SAIL 150x150 mm)	-
H.C. Billet-Tisco 75x75 mm)	-

Blooms
Above 251 mm Bloom (HC)	28,600
Above 251 mm Bloom (MS)	28,600
(DSP) Bloom 160x250 mm	28,600
130/135/140 mm (Tisco) MS	-
150x150 mm Concast (DSP)	31,600
150x150 mm MS (SAIL)	31,600
Bloom Cut into pcs. (MS)	32,600
Bloom Cut into pcs. (Medium)	31,800
Bloom Cut into (Patra Pass)	31,800

Slabs
Durgapur Slabs 14"x3"	-
Durgapur Slabs	-
Bokaro Slab Heavy	-
Tata Concast Slab (Heavy)	-
Skelp Tisco	-

Rails
Untested Rail - 75 lbs.	26,300
Untested Rail - 90 lbs.	26,300
Untested Rail - 105 lbs.	26,200
Rej. Wheel (Small)	26,200
Cut Tyre (Big)	33,100
Cut Tyre (Small)	27,100

Melting Scrap (F.O.R.)
Fresh Scrap (Rolling Mill End)	26,800
Old Scrap (Godown)	23,000
Turning	22,000
Tin Tapper	24,400
Mill Scale	19,500
Sponge Iron	22,400

Pig Iron (F.O.R.)
Foundry Grade	31,400
Steel Grade	24,100
C.I. Turning	17,100
Degi Scrap	24,500
Deg Casting	37,100
Ingot Moulds (Old)	23,600
Ingot Moulds (New)	35,700
Cut Ingot Moulds	22,500

Open Market Rates of Finished Goods (February 01, 2020)
(Inclusive of GST)

(Rate per Qntl.)

M. S. Rounds	4 mm	5 mm	6 mm	8 mm	10 mm	12 mm	16/20 mm	22/25 mm
Mild	4320	4340	4340	4350	4310	4410	4490	4350
Zindi Pass (Drawing)	-	-	-	4340	4410	4410	4510	4510

Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4380

Heavy Rounds	28 to 53 mm	63 to 100 mm	110 to 125 mm	140 to 150 mm	165 mm	180 mm	200 mm
Mild	4440	4440	4490	4490	4500	4510	4390

M. S. Squares	4 mm	5 mm	6 mm	8 mm	10 mm	12 mm	16/20 mm	22/25 mm
Mild	4540	4540	4510	4570	4570	4570	4510	4500

M. S. Angles	20 mm	25 mm	32 mm	40 mm	50 mm	65 mm	75 mm	100 mm	110 mm	150 mm	200 mm
3 mm	4360	4320	4370	4440	4440	4510	-	-	-	-	-
5 mm	–	4210	4320	4440	4440	4510	4540	4440	-	-	-
6 mm	–	4400	4400	4440	4440	4510	4540	4530	-	-	-
8 mm	-	-	-	4410	4510	4510	4530	4530	-	-	-
10 mm	–	-	-	4410	4510	4510	4530	4590	4530	-	-
12 mm	–	-	-	4410	4510	4190	4510	4520	-	4610	-
16 mm	–	-	-	4410	4510	4520	4510	4590	-	-	-

M. S. Flats	20 mm	25 mm	32 mm	40 mm	50 mm	65 mm	75 mm	100 mm
3 mm	4320	4310	4320	4350	4450	4410	-	-
5 mm	4320	4310	4320	4320	4550	4610	4550	4550
6 mm	4350	4380	4320	4320	4470	4600	4550	4550
8 mm	-	-	4200	4320	4420	4560	4530	4550
10 mm	-	-	4190	4320	4420	4560	4530	4530
12/25 mm	-	-	4190	4320	4420	4560	4530	4530
18/19 Gauge	4170	4250	4400	4320	4420	4530	4530	4530

[Prices at other stockyards may vary] Source : Steel Town (Weekly), February 01, 2020]

EASTERN REGION

Anima Pandey
Regional Director & Director (Membership)
EEPC INDIA
Vanijya Bhavan (2nd Floor)
International Trade Facilitation Centre
1/1, Wood Street
Kolkata 700 016
Tel.: 91-33-22890673/74
Fax : 91-33-22890687
E-mail : eepcrokol@eepcindia.net

NORTHERN REGION

Rakesh Suraj
Regional Director
EEPC INDIA
Flat No.10
P, Q, N, 10th Floor
DCM Building
16 Barakhamba Road
New Delhi - 110 001
Tel.: 91-11-23314171/74
Fax : 91-11-23317795
E-mail : eepcrodel@eepcindia.net

SOUTHERN REGION

C. H. Nadiger
Regional Director
EEPC INDIA
Greams Dugar (3rd Floor)
149 Greams Road
Chennai 600 006
Tel.: 91-44-28295501, 28295502
Fax : 91-44-28290495
E-mail : eepcrochen@eepcindia.net

WESTERN REGION

Rajat Srivastava
Regional Director & Director (Marketing & Sales)
EEPC INDIA
B-202 & 220, Aurus Chambers
Annex "B", 2nd Floor Behind Mahindra Tower
S.S. Amrutwar Marg
Worli, Mumbai 400 013
Tel.: 91-22-4212 5555
Fax : 91-22-2495 5486
E-mail : eepcromum@eepcindia.net

Tender No.	ME/45/2017/2018
Tender for	Communications equipment
Tender details	Supply, transport, installation, operation and maintenance of communications equipment along with the provision and installation of extensions for linking primary and secondary schools and other sites with Education Ministry headquarters for an information systems department.
Bid bond	KD 3,500
Cost of tender documents	KD 150
Closing date	*26.04.2020*
Issued by	Central Tenders Committee Education Ministry P. O. Box 1070 Safat 13011, Kuwait Tel. : (965) 2401200 Fax: (965) 2416574 E-mail: info@ctc.gov.kw Website : www.ctc.gov.kw; www.capt.gov.kw

Tender No.	ME/27/2018/2019
Tender for	Switches
Tender details	Supply and maintenance of switches and accessories for educational areas.
Bid bond	KD 3,500
Cost of tender documents	KD 150
Closing date	*03.03.2020*
Issued by	Central Tenders Committee Education Ministry P. O. Box 1070 Safat 13011, Kuwait Tel. : (965) 2401200 Fax: (965) 2416574 E-mail: info@ctc.gov.kw Website : www.ctc.gov.kw; www.capt.gov.kw

Tender No.	MEW/4/2019/2020
Tender for	Transformer station batteries
Tender details	Maintenance of batteries and chargers at main transformer stations in the south.
Bid bond	KD 23,000
Cost of tender documents	KD 1,000
Closing date	*03.03.2020*
Issued by	Central Tenders Committee Electricity & Water Ministry P. O. Box 1070 Safat 13011, Kuwait Tel. : (965) 2401200 Fax: (965) 2416574 E-mail: info@ctc.gov.kw Website : www.ctc.gov.kw; www.capt.gov.kw

Tender No.	RFX-2422000023
Tender for	Water export valves
Tender details	Supply of complete assembly of potable water export valves at the K, L and M station desalination plant, at the Jebel Ali power plant complex.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 210
Closing date	*04.03.2020*
Issued by	Dubai Electricity & Water Authority Office of the Contracts Manager Zabeel East, P. O. Box 564 Dubai, UAE Tel. : (9714) 3244444 Fax: (9714) 3248111 E-mail: contracts@dewa.gov.ae Website : www.dewa.gov.ae; https://srm.dewa.gov.ae

Tender No.	RFX-2052000002
Tender for	Power cables
Tender details	Supply of low-voltage power cables.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 3,150
Closing date	*26.02.2020*
Issued by	Dubai Electricity & Water Authority Office of the Contracts Manager Zabeel East, P. O. Box 564 Dubai, UAE Tel. : (9714) 3244444 Fax: (9714) 3248111 E-mail: contracts@dewa.gov.ae Website : www.dewa.gov.ae; https://srm.dewa.gov.ae

Contents

From Chairman’s Pen

OVERSEAS SECTION

Global Business Opportunities

DOMESTIC SECTION

Highlights

Overseas Information

OVERSEAS MARKET INFORMATION

TENDER INFORMATION

Domestic Information

PUBLIC NOTICE

STEEL PRICES

Steel Market Current Report

EEPC INDIA OFFICE BEARERS

REGIONAL CHAIRMEN / CHAIRPERSON

EEPC INDIA OFFICES

REGIONAL OFFICES

SUB-REGIONAL OFFICE

Tender No.	RFX-2052000003
Tender for	Mini-distribution pillars
Tender details	Supply of mini-distribution pillars.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 2,100
Closing date	*25.02.2020*
Issued by	Dubai Electricity & Water Authority Office of the Contracts Manager Zabeel East, P. O. Box 564 Dubai, UAE Tel. : (9714) 3244444 Fax: (9714) 3248111 E-mail: contracts@dewa.gov.ae Website : www.dewa.gov.ae; https://srm.dewa.gov.ae

Tender No.	RFX-2132000012
Tender for	Substations
Tender details	Construction, supply, installation, testing and commissioning of new DSTA 132/33kV substations for the replacement of existing 132/33kV D station and associated modification works.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 5,250
Closing date	*31.03.2020*
Issued by	Dubai Electricity & Water Authority Office of the Contracts Manager Zabeel East, P. O. Box 564 Dubai, UAE Tel. : (9714) 3244444 Fax: (9714) 3248111 E-mail: contracts@dewa.gov.ae Website : www.dewa.gov.ae; https://srm.dewa.gov.ae
Source	MEED.com website

H.O. (Cell)	REGISTERED & HEAD OFFICE
Suranjan Gupta Executive Director EEPC INDIA Vandhna (4th Floor) 11 Tolstoy Marg New Delhi 110 001 Tel.: 91-11-23353353, 23711124/25 Fax : 91-11-23310920 E-mail : eepcto@eepcindia.net URL : www.eepcindia.org	Adhip Mitra Addl. Executive Director & Secretary EEPC INDIA Vanijya Bhavan (1st Floor) International Trade Facilitation Centre 1/1 Wood Street, Kolkata 700 016 Tel.: 91-33-22890651/52/53 Fax : 91-33-22890654 E-mail : eepcho@eepcindia.net URL : www.eepcindia.org