engineering export bulletin engineering the future

    ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 25 | OCTOBER 12, 2020

    eepc mobile app

    Contents

    From Chairman’s Pen

    OVERSEAS SECTION

    Global Business Opportunities

    DOMESTIC SECTION

    For information about
    EEPC INDIA visit :
    www.eepcindia.org

    Highlights

    Govt. Notifications/ Circulars

    • A.P. (DIR Series) Circular No. 02 - Exim Bank`s Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe.
    • DOR (PCB).BPD.Cir No.3/13.05.001/2020-21 - Interest Subvention Scheme for MSMEs – Co-operative banks.
    • Notification No. 2/2020-Customs (CVD) - Seeks to impose provisional countervailing duty on import of Flat rolled products of stainless steel, originating in, or exported from Indonesia.
    • Circular No. 44/2020-Customs - Procedure for inspection of ICDs/CFSs/AFSs -reg.
    • Circular No. 142/12/2020- GST - Clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months of February, 2020 to August, 2020 – reg.
    • Public Notice No. 25/2015-2020 - Procedure for application and issuance of Scrips under Scheme for Rebate of State Levies (RoSL).
    chairman

    My dear fellow exporters, 

    We would like to inform you that in order to facilitate the flexibility of the exporters in the realisation of export proceeds and to empower them to negotiate better terms with overseas buyers, the RBI  decided to discontinue the system-based automatic caution-listing in EDPMS Scheme. The RBI will henceforth undertake caution-listing on the basis of case-specific recommendations of the Authorised Dealer (AD) banks.

    The Export Data Processing and Monitoring System (EDPMS) was first introduced by RBI in 2014 for all banks to bring their transactions with the exporters online. In 2016, it launched the system-based automatic caution-listing wherein exporters were put on RBI`s caution list if any shipping bill against them remained open for more than two years in EDPMS and there was no extension granted by the bank or RBI. Presently, the decision to discontinue the system has been a big relief to the industry at a time when the trading community is battling the hardships of the global pandemic.

    On behalf of EEPC India, we thank the RBI Governor for this extremely exporter-friendly measure as EEPC India has been drawing the attention of the RBI on the problems being faced by our member-exporters with regard to such automatic caution-listing.

    This is for your kind intervention.

     

    Mahesh Desai  

    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.

    Overseas Information

    OVERSEAS MARKET INFORMATION

    Ethiopia
    (Source : Embassy of India, Addis Ababa)

    Total trade in goods

    According to the Department of Commerce, Government of India trade data, India’s total trade with Ethiopia stood at US$ 207.91 million during April to July 2020, out of which India’s exports to Ethiopia were US$ 196.45 million and imports were US$ 11.46 million. Among India’s top exports to Ethiopia consisted mainly of primary and semi-finished iron and steel products, drugs and pharmaceuticals, machinery and instruments, manufactures of metal, etc.  Major imports by India from Ethiopia were: semi-precious stones, pulses, leather, oil seeds and vegetables & seeds.

    Details of Significant trends

    The major destinations for Ethiopian exports were Asia, Europe and Africa. Asia accounted for 38.9 percent of the total exports with Saudi Arabia being the main destination for Ethiopia’s exports having a 18.8 percent share, followed by United Arab Emirates (16.1 percent), Israel (12.3 percent), Japan (8.6 percent), China (7.9 percent), Singapore (5.6 percent), South Korea (5.4 percent), India (3.8 percent), Indonesia (2.5 percent) and Yemen (2.3 percent).

    During the third quarter of 2019/20, Asia accounted for 56.6 percent of the total imports of Ethiopia with the major imports coming from China (43.6 percent), India (14.0 percent), U.A.E (9.4 percent), Kuwait (6.9 percent), Saudi Arabia (5.9 percent), Singapore (5.5 percent), and Indonesia (3.9 percent).

    Analysis - The data shown is taken from the National Bank of Ethiopia 2019-20 Third Quarter (January- March 2020) Report which does not reflect data for September 2020.  However, India remained its third most important source of imports for Ethiopia, contributing 8% of all of Ethiopia’s imports next to China, Kuwait and USA.  Indian contributed 1.6% of Ethiopia’s export to the world.

    Saudi Arabia
    (Source : Embassy of India, Riyadh)

    Potential products of imports from India  (August  2020)

    Commodity - Vehicles with spark-ignition internal combustion reciprocating piston engine of cylindr capacity>1000cc bt nt>1500cc   (HS Code: 870322 ).

    Rationale - Value of Saudi import of the item from India during April  to August 2020 marked US$ 74.50  Million showing a decline by-61.13 % as compared to the same period last year.

    Significant trends in trade and investment (Sources: DGFT)

    Trade in Goods - India Saudi bilateral Trade during FY 2019-20 has marked US$ 33,094.22 million from US$ 34,040.90 million in FY 2018-19.

    Analysis - The bilateral trade during FY 2018-19 was 34,040.90 Million. There is slight decline of -2.78 Percent in bilateral trade during 2019-20 (showing a decrease of -5.69%  percent in our import, mainly due to the decline in petroleum oil prices.  However, there is a significant growth (12.14%) in our export to Saudi Arabia during FY 2019-20.

    Investment - Indian FDI in Saudi Arabia is US$ 1.4 billion up to Dec. 2017 (Source Saudi Arabian General Investment Authority). Saudi FDI in India US$ 318.83 million from April 2000 to June 2020 (Source: DIPP).

    Analysis - During the high level visit of HRH Crown Prince to India in February 2019 he declared that the Kingdom is looking to invest US $100 billion in India in the coming years in diversified sectors. The Invest India team visited KSA twice in April & July 2019 to interact with the Saudi govt entities and business firms, presenting the investment opportunities available in India. Saudi Aramco is in talks with Reliance to take 20% stake of worth US $15 billion at a cumulative value of US $75 billion. 

    Saudi Arabia is in the phase of fast economic and social transitional reforms/development under the ambitious ‘Saudi Vision 2030’ initiative.  A number of multi-billion mega projects like US$500 billion estimated Neom project and other mega multi-billion projects like Red sea project, Al Qiddya projects, Amala tourism project etc. are under progress. There are a number of opportunities for the Indian infrastructural, engineering, IT,  service companies etc. to participate in these projects. 

    Launching of Saudi Indian Business Network (SIBN)

    To further enhance and promote the India- Saudi bilateral trade in different sectors and encourage two-way investments, the Mission launched ‘Saudi Indian Business Network’ (SIBN) with Chapters based in Riyadh, Dammam and Jeddah having a National Executive Committee and Chapter-wise Committees. The organization was virtually inaugurated by the Ambassador on September 12, 2020. The event witnessed participation, of around 200, prominent Saudi and Indian businessmen, institutions, CEO’s and representatives of Chambers, Commodity Boards etc.

    Webinar on ‘Impact of Covid-19 on the Bilateral Economic Relations and the way forward’

    The Embassy organized a business seminar on Impact of Covid-19 on the Bilateral Economic Relations and the way forward’ on September 9, 2020. Around 150 prominent Indian, Saudi businessmen, officials from Saudi government institutions and commercial entities, officials from Indian chambers and industries participated in the Webinar.

    Thailand
    (Source : Embassy of India, Bangkok)

    Seminar on “Business Opportunities in India and Incredible India”
    21.09.2020

    Mission organised a seminar on “Business Opportunities in India and Incredible India” in Chiangmai, Thailand on 21 September 2020. Deputy Chief of Mission highlighted the new policy initiatives of Government of India such as AtmaNirbhar Bharat, Taxation reform, Agriculture, new Education Policy as well as business opportunities (including trade, investment and tourism) available in India.  Two power point presentations were made on “Opportunities in India” and “Incredible India”.  About 65 participants from various businesses, industries and tourism sectors attended the seminar including high level dignitaries and senior officials of local government and Industry/Chamber.

    Vice Governor of Chiangmai, Honorary Chairman of Federation of Thai Industries of Chiang Mai Chapter, Chairman of Chiang Mai Chamber of Commerce, Chairman of Chiang Mai Tourism Council of Thailand and Secretariat General of Chiang Mai Tourism Business Association also addressed the seminar. 

    RCEP for recovering economy after COVID19
    Matichon 28 Sep 2020

    The Deputy Spokesperson of the Prime Minister Office revealed that the government will drive the signing of RCEP, the biggest free trade agreement in the world with 16 member states, in November. RCEP will help improve the post-COVID economic recovery. Thailand will also focus on reviving Thai-EU trade negotiation.

    Hospitals in New Delhi with Mitra robot
    Matichon 23.09.2020

    A hospital in India has deployed a customer-service robot to patrol its wards, connecting coronavirus patients to friends and relatives. Mitra, meaning “friend” in Hindi, is best known for interacting with Prime Minister Narendra Modi at an event in 2017. Its piercing eyes are equipped with facial recognition technology to help it recall people it has previously interacted with. A tablet attached to Mitra’s chest allows patients to see loved ones, as well as medical staff unable to access the wards.

    EU FTA study on the cards
    Bangkok Post23 Sep 2020 

    The Trade Negotiations Department is scheduled to propose a study of the long-awaited free trade agreement (FTA) with the EU and present the outcome of public hearings on the pact`s impact to the commerce minister by the middle of next month. Director-general Auramon Supthaweethum said the department gathered comments, concerns and remedy proposals from the private sector, civil society and farmers at a forum on the planned Thai-EU FTA held yesterday. "The outcome of all 12 public hearings held last year and comments on the latest forum as well as the final study will be proposed to the commerce minister by the middle of October," she said.

    India opens dumping probe on Thai copper tube, pipe exports
    Bangkok Post 27 Sep 2020

    India is investigating imports of copper tubes and pipes from Thailand, Malaysia and Vietnam to determine whether producers in these countries were receiving unfair subsidies, the government said. The investigation by India`s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said a government circular posted on Friday. The probe covers imports shipped between April 1, 2019 and March 31, 2020. "The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, Thailand and Vietnam collectively account for more than 90% of total imports of subject goods," the circular said. 

    Venezuela
    (Source : Embassy of India, Caracas)

    Reliance Industries sends diesel to Venezuela: According to media reports, the Lucky Sailor tanker carrying diesel had reached Puerto La Cruz on 26 September 2020 from Sikka, India. Reports also indicate that the Eurodestiny tanker departed from the Jose Antonio Anzoátegui Petrochemical Complex carrying 2 million barrels of crude oil for Reliance Industries on 28 September 2020.

    Reliance Industries to halt shipment of diesel to Venezuela in November: According to media reports, Reliance Industries would be halting diesel swaps with PDVSA in November, which would imply that once the last shipment of Venezuelan crude is received by India, Reliance would stop sending diesel. In July 2020, the US Government issued a license that allowed Reliance to swap diesel for Venezuelan crude until November 2020. However, reports indicate that the move may not be definitive, as the Indian company plans to reconsider trade with Venezuela after the results of the upcoming US elections.

    Description – Pharmaceutical products

    Analysis - Venezuelan pharmaceutical industry is severely affected by the lack of private investment and relies heavily on the imports for drugs and harmaceuticals. India is one of the leading manufacturers and exporters of pharmaceuticals in the world and enjoys acceptance in the Venezuelan market due to its quality and competitive prices.

    Description - Auto-parts

    Analysis - India is one of the top manufacturers of auto-parts in the world. Venezuela is in dire need of auto-parts for all kinds of vehicles.

    Description - Oil and gas machinery and spare parts

    Analysis - Venezuela needs oil and gas industry machinery and spare parts to reactivate their oil industry. The Venezuelan oil industry uses machinery and parts which are US standards compliant, and India manufactures such items compliant with US standards at lower rates.

    Description - Electric Steel

    Analysis - Venezuelan power generation industry requires an approximate of 5,326 metric tons of two grades of electric steel to be used in the recovery of 20,000 transformers in 2020.

    Venezuela`s oil exports rise in August due to sales to India: Venezuela’s oil exports recovered slightly in August after two months of historic lows, boosted by increased sales to India. Overall exports of crude and fuel rose to 437,600 barrels per day (bpd) in August, according to the data, more than the approximate 400,000 bpd in June and July, which were the lowest levels since the 1940s for Venezuela. In July, Reliance Industries resumed loading Venezuelan crude under a swap deal permitted by the US Treasury Department after a three-month pause. The authorization allowed Reliance to re-emerge as the largest buyer of Venezuelan crude by taking 216,000 barrels per day (bpd) last month, almost half of total exports, according to the data. The second-largest destination for Venezuela’s oil in August was Cuba with almost 66,000 bpd of crude and refined products, followed by Europe with 65,000 bpd. The South American nation, which boasts of some of the largest crude reserves on the planet, shipped a total of 17 cargoes last month, the data showed.

    Oil tanker reaches Venezuela from India and docks at El Palito Refinery: As per media reports, on 16 September, a Malteseflagged ship reached El Palito Refinery according to tracking data and satellite images. The Agioi Fanendes ship reached about 2:00 am and docked at the El Palito Refinery. This ship departed from the Sikka port in India on 16 August 2020 and according to its travel log, it showed El Palito as the last destination of the journey. The public domain information on marinetraffic.com highlights that the Agioi Fanendes is an oil tanker built in 2019 and sails under the flag of Malta. Its cargo capacity is 50,000 tons and total length is 183 meters with width 32 meters. No official information was issued on the matter. However, this type of oil tankers may carry fuel as other chemical petroleum byproducts. In any case, Venezuela requires both types of cargoes. Union leader Ivan Freites claims that the ship that has come from India may bring gasoline or diesel, although he sees more likely that it would be the second option, as he is of the view that India is not going to risk to transport gasoline under the sanctions imposed against Venezuela.

    Merchandises arrived in support to the productive apparatus: A total of 30 tons of merchandises arrived in the country on 04 September 2020, from India and the Islamic Republic of Iran to strengthen the national productive apparatus. The shipment arrived at the International Airport of Maiquetia, as informed by the Venezuelan Consortium of Aeronautical Industries and Air Services (CONVIASA). The airline indicated that the products belonged to the clients of the airline, both from the private and public sector. Till date, Conviasa is having two monthly cargo flights to Turkey, Russia, China and India. No details were given on the types of commodities received.

    TENDER INFORMATION

    Cambodia Cambodia
    (EEPC Ref. No. DB-2455)
    Project              

    Provincial Water Supply and Sanitation Project
    Loan No. : ADB Loan No.3630-CAM, Grant No.0561-CAM, AFD Loan No. 8335-CAM
    Financing from ADB                

    DB Ref. No.  ADB-P567247-10/20 
    Issued by 

    H.E. VongPisith, Project Director
    Ministry of Public Works and Transport
    Room 2, Third Floor, Western Building
    CNR Norodom Blvd. & Street # 106
    Phnom Penh, Cambodia
    Tel./Fax : +85523426110
    E-mail : vong_pisith@yahoo.com 

    Bid No.  PMU/MPWT/PWSSP/ICB/CW02 
    For  West Battambang Wastewater Treatment and Collection System Subproject. 
    Tender cost  Non-refundable fee of US$ 250 or its equivalent in Cambodian Riel being 1,000,000.00 Riel. The method
    of payment will be in cash or deposit to Bank account No.000000001333 of National Bank of Cambodia.
     
    Bid deadline  19.11.2020 
    Vietnam Vietnam
    (EEPC Ref. No. DB-2456)
    Project              

    Transmission Efficiency Project (TEP)
    Loan No. : IBRD84170
    Project ID : P131558

    DB Ref. No.  WB-P567421-10/20 
    Issued by 

    Southern Vietnam Power Projects Management Board (SPMB)
    Procurement Department – Third Floor
    610  Vo Van Kiet Street, Cau Kho Ward, District 1
    Ho Chi Minh City, Vietnam
    Attn. : Mr. Truong Huu Thanh, Director of SPMB
    Tel. : (84-28) 2210 0719
    Fax : (84-28) 3836 1096
    E-mail : lephuhai.amn@npt.evn.vn;
    truonghuuthanhptc4@gmail.com 

    Bid No.  Package SSG-G01 
    For  Supply and installation of control, protection, measurement, telecommunication and scada systems
    (include testing and commissioning) and supply of primary equipment, materials for 500kV and 220kV
    substations in Southern of Vietnam Including 4 lots. 
    Tender cost  Non-refundable fee of US$ 200 or 4,600,000 VND. The method of payment will be cash, cheque or by
    transfer of funds to Bank Account No. 31010370009091 (for USD) or 31010000001321 (for VND), Bank
    for Investment and Development of Vietnam, Branch in Ho Chi Minh City. The Bidding Documents may be
    directly collected at the address above or sent by courier upon the Bidder’s written request and payment
    of an additional amount of US$ 50 for overseas delivery or VND 200,000 for delivery within Vietnam. 
    Bid Security 

    - Lot 1 : US$ 37,200 or 866,000,000 VND;
    - Lot 2 : US$ 31,100 or 724,000,000 VND;
    - Lot 3 : US$ 35,800 or 834,000,000 VND;
    - Lot 4 : US$ 39,900 or 929,000,000 VND. 

    Bid deadline  23.11.2020 
    Source  UN Development Business Website 
    Bahrain Bahrain
    (EEPC Ref. No. MEED-2974)
    Tender No.              RFP/INT/CSD/2020/34 (IN/CSD/ZA/2020/168)               
    Tender for  Cut-outs 
    Tender details  Supply of 220 cut-outs suitable for cross-linked polyethylene (XLPE)-insulated cable. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Miscellaneous  Tender documents are available until 1 November 
    Closing date  02.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2975)
    Tender No.               RFP/CSD/2020/31 (PT/CSD/MM/2020/137)             
    Tender for  Electronic water meters 
    Tender details  Supply of 40,000 radio-type electronic water meters and 5,000 M-Bus-type electronic
    water meters, for domestic use. 
    Bid bond  BD 5,000 
    Cost of tender documents  BD 100 
    Miscellaneous  Tender documents are available until 22 October 
    Closing date  25.10.2020 
    Issued by  Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh
     
    Bahrain Bahrain
    (EEPC Ref. No. MEED-2976)
    Tender No.              (Prequalification) PREQ/EWA/2020/1 (4202-2020-2030)              
    Tender for  Diesel generators 
    Tender details  Supply of diesel generators with standby power for use in emergency cases due to the
    unavailability of main power supplies because of faults or planned maintenance works. 
    Cost of tender documents  BD 50 
    Miscellaneous  Tenders are available until 25 October 
    Closing date  01.11.2020 
    Issued by  Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh
     
    Kuwait Kuwait
    (EEPC Ref. No. MEED-2977)
    Tender No.               RFQ/1032534                
    Tender for  Air compressor measurement unit parts 
    Tender details  Supply of spare parts for an air compressor measurement unit. 
    Bid bond  KD 1,000 
    Closing date  22.10.2020 
    Issued by 

    Kuwait National Petroleum Company
    P. O. Box 70
    Ahmadi 13001, Kuwait
    Tel. : (965) 23887794/23887792/23207793
    E-mail : cwphelp@knpc.com.kw
    Website : http://esourcing.knpc.com 

    Kuwait Kuwait
    (EEPC Ref. No. MEED-2978)
    Tender No.                 RFQ-2072863                
    Tender for  Saw pipe 
    Tender details  Supply of CS saw pipe. 
    Bid bond  KD 1,000 
    Cost of tender documents  KD 150 
    Closing date  14.12.2020 
    Issued by 

    Kuwait Oil Company
    P. O. Box 9758
    Ahmadi 61008, Kuwait
    Tel. : (965) 23989111
    E-mail : kocinfo@kockw.com
    Website : http://ebusiness.kockw.com 

    Qatar Qatar
    (EEPC Ref. No. MEED-2979)
    Tender No.              LTC 1626/2020            
    Tender for  Substation maintenance equipment 
    Tender details  Supply of 11kV current transformers, annunciators and other spare parts for
    attending maintenance and breakdowns at primary substations. 
    Bid bond  QR 15,000 
    Cost of tender documents  QR 500 
    Miscellaneous  Tender documents are available until 29 October 
    Closing date  08.11.2020 
    Issued by 

    Qatar General Electricity & Water Corporation (Kahramaa)
    Materials Department, Dafna
    P. O. Box 41, Doha, Qatar
    Tel. : (974) 44845484/44845555
    E-mail : contactus@km.com.qa 

    Source  MEED.com website 

    Domestic Information

    PUBLIC NOTICE

    Dated 8 October, 2020

    Circular No. 44/2020-Customs



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Circular No. 44/2020-Customs, dated 8th October, 2020 regarding Procedure for inspection of ICDs/CFSs/AFSs. The above Customs Circular has already been hosted in our Website (http://www.eepcindia.org/download/201009173800.pdf) for information of our Members.
    Dated 9 October, 2020

    Circular No. 142/12/2020- GST



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Circular No. Circular No. 142/12/2020- GST, dated 9th October, 2020 regardingClarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months of February, 2020 to August, 2020. The above GST Circular has already been hosted in our Website (http://www.eepcindia.org/download/201009173911.pdf) for information of our Members.
    Dated 9 October, 2020

    Notification No. 2/2020-Customs (CVD)



    Ministry of Finance, Department of Revenue, Government of India, New Delhi has issued a Notification No. 2/2020-Customs (CVD), dated 9th October, 2020 regarding Seeks to impose provisional countervailing duty on import of Flat rolled products of stainless steel, originating in, or exported from Indonesia. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201011201441.pdf) for information of our Members.
    Dated 13 October, 2020

    Public Notice No. 25/2015-2020



    The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Department of Commerce, Government of India, New Delhi has issued a Public Notice No. 25/2015-2020 dated 13th October, 2020 regarding Procedure for application and issuance of Scrips under Scheme for Rebate of State Levies (RoSL). The above Public Notice has already been hosted in our Website (http://www.eepcindia.org/download/201013165100.pdf) for information of our Members.

    EXPORT FINANCE

    Dated 8 October, 2020

    RBI/2020-2021/149
    A.P. (DIR Series) Circular No. 02




    The Reserve Bank of India, Mumbai has issued A.P. (DIR Series) Circular No. 02, dated 8th October, 2020 regarding Exim Bank`s Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe. The above Circular has already been hosted in our Website (http://www.eepcindia.org/download/201009174042.PDF) for information of our Members.
    Dated 7 October, 2020

    RBI/2020-2021/48
    FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21




    The Reserve Bank of India, Mumbai has issuedDOR (PCB).BPD.Cir No.3/13.05.001/2020-21, dated 7th October, 2020 regardingInterest Subvention Scheme for MSMEs – Co-operative banks.The above Notification has already been hosted in our Website (http://www.eepcindia.org/download/201009174335.PDF) for information of our Members.

    STEEL PRICES

    Steel Market Current Report

    Mandi Gobindgarh
    Open Market Rates of Rerollables (October 10, 2020)

    (Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
    Ingot
    Arc/Ind. Furnace
    Round quality (21x25) 32,800
    Structural quality (28x30) 33,000
    Low carbon (12x16) -
    Semi low carbon (18x21) 32,950
    5x6 Girder quality (25x30) -
    Runners/Risers 32,600
    Bones/Clean -
    Billets & Squares  
    50x50x63x63x65x65 mm MS -
    75x75x80x80x90x90 mm MS 33,000
    100x100 mm MS2 33,100
    125x125 mm MS/ Concast -
    100x100 mm Concast-Billets 33,400
    100x100 Concast-SAIL DSP 33,400
    H.C. Billet SAIL 150x150 mm) -
    H.C. Billet-Tisco 75x75 mm) -
    Blooms  
    Above 251 mm Bloom (HC) 29,800
    Above 251 mm Bloom (MS) 29,800
    (DSP) Bloom 160x250 mm 29,800
    130/135/140 mm (Tisco) MS -
    150x150 mm Concast (DSP) 32,800
    150x150 mm MS (SAIL) 32,900
    Bloom Cut into pcs. (MS) 32,900
    Bloom Cut into pcs. (Medium) 33,100
    Bloom Cut into (Patra Pass) 33,100

    Slabs  
    Durgapur Slabs 14"x3" -
    Durgapur Slabs -
    Bokaro Slab Heavy -
    Tata Concast Slab (Heavy) -
    Skelp Tisco -
    Rails  
    Untested Rail - 75 lbs. 24,900
    Untested Rail - 90 lbs. 24,900
    Untested Rail - 105 lbs. 24,800
    Rej. Wheel (Small) 24,800
    Cut Tyre (Big) 31,700
    Cut Tyre (Small) 25,700
    Melting Scrap (F.O.R.)  
    Fresh Scrap (Rolling Mill End)  25,300
    Old Scrap (Godown) 21,700
    Turning 20,900
    Tin Tapper 23,000
    Mill Scale 18,000
    Sponge Iron 21,200
    Pig Iron (F.O.R.)  
    Foundry Grade 29,800
    Steel Grade 22,600
    C.I. Turning 15,600
    Degi Scrap 23,100
    Deg Casting 35,500
    Ingot Moulds (Old) 22,100
    Ingot Moulds (New) 34,300
    Cut Ingot Moulds 21,000
    Open Market Rates of Finished Goods (October 10, 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 4250 4270 4270 4280 4260 4360 4420 4280
    Zindi Pass (Drawing) - - - 4270 4340 4340 4440 4440

                      Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4320

    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    4400 4400  4420     4420 4420 4440 4320
    M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4470
    4470
    4440
    4500
    4500
    4500
    4440
    4430
    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 4290 4250 4300 4370 4370 4440 - - - - -
    5 mm 4140 4250 4370 4370 4440 4470
    4370 - - -
    6 mm 4270 4330 4370 4370 4440 4470 4460 - - -
    8 mm - - 4370 4440 4440 4460 4460 - - -
    10 mm - - 4370 4440 4440 4460 4520 4460 - -
    12 mm - - 4370 4440 4120 4440 4450 - 4540

    -

    16 mm - - 4370 4440 4450 4440 4520 - - -
    M. S. Flats 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm
    3 mm 4230 4220 4230 4260 4360 4320 - -
    5 mm 4230 4220 4230 4230 4460 4520 4460 4460
    6 mm 4260 4290 4230 4230 4380 4510 4460 4460
    8 mm 4110 4230 4330 4470 4440 4460
    10 mm - - 4100 4230 4330 4460 4440 4440
    12/25 mm - - 4100 4230 4330 4460 4440 4440
    18/19 Gauge 4060 4140 4310 4230
    4330 4440 4440 4440

    [Prices at other stockyards may vary]                                          Source : Steel Town (Weekly), October 10, 2020]

    EEPC INDIA OFFICE BEARERS

    CHAIRMAN SR. VICE CHAIRMAN  VICE CHAIRMAN

    Mahesh Desai
    Tel.: 91-40-27617098/5131 (O)
    91-40-27765793 (R)
    Fax : 91-40-27614376
    E-mail : desai.mahesh64@gmail.com
                  

     

     

     

     

    Arun Kumar Garodia
    Tel.: 91-33-40052700
    Fax : 91-33-40052800
    E-mail : corona@coronaind.com
                  arun@coronaind.com

     

     

    REGIONAL CHAIRMEN / CHAIRPERSON

    EASTERN REGION

    B. D. Agarwal
    Tel. : 91-33-22487249
    Fax : 91-33-22481879
    E-mail : bdacec@gmail.com

    NORTHERN REGION
    Kamna Raj Aggarwalla
    Tel.: 91-181-2642001/02/03/04
    Fax : 91-181-2642005
    E-mail :         kamna.aggarwalla@gmail.com                          
    SOUTHERN REGION

    K. S. Mani 
    Tel. : (91 491) 253-5669/9870
    E-mail : atlasmachinetools1978@gmail.com

    WESTERN REGION

    Krishanlal Dhingra
    Telefax : 91-22-2651-0038/2655-6955
    E-mail : kldhingra@gmail.com

    EEPC INDIA OFFICES

    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

    REGIONAL OFFICES

    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

    SUB-REGIONAL OFFICE

    AHMEDABAD
    Sudhakaran C. K. Nair
    Deputy Director
    EEPC INDIA
    TF-313/A(3rd Floor)
    ATMA House, Ashram Road
    Ahmedabad 380 009
    Tel.: 91-79-26588720
    E-mail : eepcsroahd@eepcindia.net
    BANGALORE
    J. V. Raja Gopal Rao
    Sr. Deputy Director
    EEPC INDIA
    Embassy Square, 103, First Floor
    No.148, Infantry Road
    Bengaluru - 560 001
    Tel.: 91-80-22261396/22268669
    Fax : 91-80-22266914
    E-mail : eepcsroblr@eepcindia.net
    HYDERABAD
    V. C. Ravish
    Sr. Executive Officer
    EEPC INDIA
    `Soham Mansion` (1st Floor)
    No. 5-4-187/3 & 4/4, M.G Road
    Secunderabad 500 003
    Tel.: 91-40-27536704
    Fax : 91-40-27536705
    E-mail : eepcsrohyd@eepcindia.net
    JALANDHAR
    Pranab Kumar Singh
    Assistant Director

    EEPC INDIA
    Plot Comm. 1, Focal Point
    Jalandhar 144 012
    Tel.: 91-181-2602264
    Fax : 91-181-2601124
    E-mail : eepcsrojld@eepcindia.net

    CIN : U51900WB1955NPL022644