EEPC INDIA :: Info Bulletin

Certificate Course in Foreign Trade (Module 5) - Export Pricing and Costing organised by EEPC India (RO), Mumbai on 19th October, 2019. Dr. Rajat Srivastava, Regional Director (WR) and Director (Marketing & Sales), EEPC India is giving brief introduction of EEPC activities and distributing certificates
Mr. Karthikeyan D, Assistant Head, EEPC India Technology Centre, Bengaluru delivering the training session on Design for Manufacturing, Assembly and Excellence at the EEPC India Technology Centre, Bengaluru on 27th September, 2019
Ms. Anima Pandey, Regional Director (ER) & Director (Membership), EEPC India is delivering the welcome address at the New Member`s Meet on INDEE Bangladesh 2020 and IESS IX 2020 organised by EEPC India (RO), Kolkata on 24th October, 2019
Mr. Joy Chatterjee, Asst. Director (ER), EEPC India is giving presentation on INDEE Bangladesh 2020 and IESS IX 2020 at the New Member`s Meet organised by EEPC India (RO), Kolkata on 24th October, 2019
Certificate Course in Foreign Trade (Module 5) - Export Pricing and Costing organised by EEPC India (RO), Mumbai on 19th October, 2019. Mr. Arvind Khedkar, Faculty is imparting training to the participants

My dear fellow exporters,

The government of India last week has come out with a Steel Scrap Recycling Policy with the objective to ensure quality scrap for the steel industry as well as to reduce imports of scrap, conserve resources and save energy. According to the Steel Ministry, the new policy focuses on setting up of centres for metal scrapping across India in order to facilitate scientific processing and recycling of ferrous scrap generated from different sources and products. At the same time, the government also emphasizes on decongesting the major Indian cities from reuse of ferrous scrap by developing proper mechanism for treating waste streams and residues.

It is mentioned in the ministry statement that the gap between demand and supply of scrap will be narrower in the domestic market. EEPC India holds the same opinion and views the policy as an effective one to ensure availability of cheaper scrap in the domestic market. Increasing steel production by using recycled scrap as the main raw material is now the global trend as recycle of scrap conserves natural resources. EEPC India thinks proper implementation of this policy will eliminate India’s concern on availability of quality scrap at a reasonable price and also take care of the environment as well.

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)

Details of significant trends/analysis –

Trade – In JULY 2019, India France bilateral trade stood at € 1.05 billion. India’s exports to France stood at € 528.62 million. Main exports to France included light diesel oil (LDO), T-shirts, castor oil, precious jewellery, diamonds, pharmaceutical products, iron ores, articles of leather, articles of apparel & women’s garments.

Meanwhile, French exports to India stood at € 522.64 million. Main exports to India included aeroplanes, vaccines, reaction initiators, hand tools, parts of turbo-jets and motor vehicles, barley, nickel.

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).

Venezuela
(Source : Embassy of India, Caracas)

India`s Reliance to resume Venezuela oil loadings after four-month pause : According to media reports, Indian refiner Reliance Industries Ltd. is scheduled to resume loading Venezuelan crude in October after a four-month pause, a move that could help Venezuela’s state-run company drain its large oil inventories. A Reliance representative told media this week that it has been supplying Venezuela with fuels permitted under U.S. sanctions, including diesel, and thus it “is able to recommence crude sourcing” in exchange for the refined products. “These are actions compliant with U.S. sanctions as crude sourcing against supply of permitted products is allowed,” the representative said. China National Petroleum Corp and its units stopped taking Venezuelan oil in August. Others, including Reliance, have recently been buying Venezuelan crude from Russian major Rosneft, according to the media reports. Reliance needs the type of heavy sour crude that Venezuela sells because its refineries are configured to process it. U.S. sanctions on both Venezuela and Iran have made it harder for the refiners to find supplies of these crude grades. The Indian firm is sending at least two vessels, the very large crude carriers Antonis I. Angelicoussis and Maran Castor, to Venezuela’s Jose port for loading in late October.

Ethiopia

(EEPC Ref. No. DB-2378)

Project	Second Agricultural Growth Project Loan No. : IDA-56050 Project ID No. : P148591
DB Ref. No.	WB11703-11/19
Issued by	Ministry of Agriculture Degayehu Desso, Procurement Directorate Director P. O. Box : 62347 CMC Road, Behind Geological Survey of Ethiopia Addis Ababa,Ethiopia Tel. : +251-116-67-79-32/116-46-22-85 Fax : +251-116-46-07-43/116-46-20-03 E-mail : degayehu@gmail.com Website : www.moa.gov.et
Bid No.	ET-MOANRD-136461-GO-RFB
For	Procurement of laboratory equipment for Regional& federal plant health clinics : - Lot 1 : Plant pathology laboratory equipment; - Lot 2 : Entomology laboratory equipment; - Lot 3 : Weed science & vertebrate pastes laboratory equipment; - Lot 4 : Plant pathology, entomology, Nematology, weeds science & vertebrate pest laboratory Equipment for regional clinics; - Lot 5 : Seed laboratory equipment.
Tender cost	Nonrefundable fee of 200 ETB or in an easily convertible currency. The method of payment will be Cash/cashier’s check. Bidders’ who wish to have the bid document delivered to their address by a courier service pay an additional amount of ETB 500.00 or equivalent amount in a freely convertible currency for courier service charge or send a prepaid courier service coupon to the purchaser address above. However the purchaser shall not be responsible for a loss or delay in the delivery of the mail and shall not entertain requests for extension on account of such delays.
Bid Security	- Lot 1 : Birr 50,000 or Equivalent freely convertible currency. - Lot 2 : Birr 50,000 or Equivalent freely convertible currency. - Lot 3 : Birr 50,000 or Equivalent freely convertible currency. - Lot 4 : Birr 50,000 or Equivalent freely convertible currency. - Lot 5 : Birr 20,000 or Equivalent freely convertible currency.
Bid deadline	*16.12.2019*

Mongolia

(EEPC Ref. No. DB-2379)

Project	Second Energy Sector Project Loan No. : IDA-61020 Project ID No. : P152343 Financing from IDA
DB Ref. No.	WB11647-11/19
Issued by	Ministry of Energy Project Management Office of the Second Energy Sector Project Suite 503, 5th Floor, Gegeenten Office Chinggis Aveneu - 36, Khan-Uul District, 15th Khoroo Ulaanbaatar, Mongolia Attn. : Tuul Davaa, Procurement Specialist Tel. : +976-77008544 E-mail : procurement@esp2.mn
Bid No.	B-2
For	Construction and completion of MWp Solar Power Plant in Khovd, Mongolia (“the Facilities”). The selected contractor will perform all design and engineering work for (i) A 10MWAC ground mounted PV power plant (ii) A 35/110kV substation located at PV power plant (iii) A 110kV overhead transmission line to the nearby Myangad substation of Myangad soum, Khovd Aimag. Moreover, the selected contractor will also be responsible for the Operation and Maintenance of the Plant for at least three (3) years after operational acceptance.
Tender cost	Non-refundable fee of US$ 200.00 (Two Hundred U.S. Dollars) or in an equivalent amount in a freely convertible currency. The method of payment will be direct deposit to : Ac?ount name : MOF/100900011848 Beneficiary’s bank : Name : State Bank of Mongolia, Ulaanbaatar, Mongolia SWIFT code : STBMMNUB Account No. : 340101868003 Correspondent bank : Name : Kookmin Bank SWIFT code : CZNBKRSE Account No. : 7968USD019 All banking chargers outside of Mongolia to be borne by the bidders The document will be sent by by airmail for overseas delivery for an additional US$ 150.00 (One Hundred and Fifty U.S. Dollars) and surface mail or courier for local delivery. No liability will be accepted for loss or late delivery.
Bid Security	US$ 250,000.00 (Two Hundred and Fifty Thousand U.S. Dollars Only).
Bid deadline	*16.12.2019*
Source	UN Development Business Website

Iraq

(EEPC Ref. No. MEED-2780)

Tender No.	HFY-PUR/PD1029-1016
Tender for	Gas compressor parts
Tender details	Supply of spare parts for reciprocating gas compressors.
Cost of tender documents	$ 100
Miscellaneous	Tender documents can also be obtained from PetroChina International, Fourth Floor, Building No. 10, P. O. Box 500486, Dubai Internet City, Dubai, Telephone : (9714) 4404100, Fax : (9714) 4404195, Email : halfayaprocurement@petrochina-hfy.com
Closing date	*05.12.2019*
Issued by	PetroChina International Iraq PetroChina Halfaya Base Camp Kahlaa, Missan Governorate, Iraq Fax : (9714) 4404190 E-mail : halfaya-quotation@petrochina-hfy.com Website : www.petrochina-hfy.com

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (November 09, 2019)

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

(Rate Rs. per Tonne)

Ingot
Arc/Ind. Furnace
Round quality (21x25)	28,900
Structural quality (28x30)	28,900
Low carbon (12x16)	-
Semi low carbon (18x21)	29,400
5x6 Girder quality (25x30)	-
Runners/Risers	29,400
Bones/Clean	-

Billets & Squares
50x50x63x63x65x65 mm MS	-
75x75x80x80x90x90 mm MS	30,500
100x100 mm MS	30,500
125x125 mm MS/ Concast	-
100x100 mm Concast-Billets	30,500
100x100 Concast-SAIL DSP	30,100
H.C. Billet SAIL 150x150 mm)	-
H.C. Billet-Tisco 75x75 mm)	-

Blooms
Above 251 mm Bloom (HC)	30,050
Above 251 mm Bloom (MS)	29,050
(DSP) Bloom 160x250 mm	29,150
130/135/140 mm (Tisco) MS	-
150x150 mm Concast (DSP)	29,150
150x150 mm MS (SAIL)	29,150
Bloom Cut into pcs. (MS)	29,050
Bloom Cut into pcs. (Medium)	29,050
Bloom Cut into (Patra Pass)	29,150

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

Rails
Untested Rail - 75 lbs.	26,200
Untested Rail - 90 lbs.	25,800
Untested Rail - 105 lbs.	26,300
Rej. Wheel (Big)	-
Rej. Wheel (Small)	26,800
Cut Tyre (Big)	32,200
Cut Tyre (Small)	27,200

Melting Scrap (F.O.R.)
Fresh Scrap (Rolling Mill End)	26,750
Old Scrap (Godown)	22,600
Turning	22,000
Tin Tapper	23,500
Sponge Iron	23,000

Pig Iron (F.O.R.)
Foundry Grade	30,500
Steel Grade	27,200
C.I. Turning	13,900
Degi Scrap	21,900
Deg Casting	31,200
Ingot Moulds (Old)	22,200
Ingot Moulds (New)	32,300
Cut Ingot Moulds	20,000

Open Market Rates of Finished Goods (November 09, 2019)
(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	4230	4210	4220	4250	4220	4220	4400	4560
Zindi Pass (Drawing)	-	-	-	4240	4210	4110	4400	4420

Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4230

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	4370	4410	4410	4410	4410	4440	4440

M. S. Squares	4 mm	5 mm	6 mm	8 mm	10 mm	12 mm	16/20 mm	22/25 mm
Mild	4460	4460	4430	4490	4490	4500	4450	4420

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	4280	4260	4370	4360	4480	4410	-	-	-	-	-
5 mm	–	4310	4310	4360	4480	4450	4460	4460	-	-	-
6 mm	–	4300	4290	4460	4480	4450	4460	4460	-	-	-
8 mm	-	-	-	4330	4330	4450	4430	4430	-	-	-
10 mm	–	-	-	4330	4330	4450	4430	4500	4500	-	-
12 mm	–	-	-	4330	4330	4450	4430	4500	-	4530	-
16 mm	–	-	-	4330	4330	4450	4430	4500	-	-	-

M. S. Flats	20 mm	25 mm	32 mm	40 mm	50 mm	65 mm	75 mm	100 mm
3 mm	4200	4210	4310	4250	4360	4360	-	-
5 mm	4190	4210	4210	4190	4360	4450	4450	4450
6 mm	4180	4200	4210	4190	4360	4460	4450	4450
8 mm	-	-	4090	4210	4320	4420	4420	4430
10 mm	-	-	4090	4220	4320	4420	4420	4420
12/25 mm	-	-	4090	4220	4320	4420	4220	4440
18/19 Gauge	4170	4150	4200	4220	4320	4420	4420	4440

[Prices at other stockyards may vary] Source : Steel Town (Weekly), November 09, 2019]

CHAIRMAN

SR. VICE CHAIRMAN

VICE CHAIRMAN

Ravi Sehgal
Tel.: 91-33-2287-2256/8229/2290
Fax : 91-33-2287-9938
E-mail : ravisehgal5@gmail.com

Mahesh K Desai
Tel.: 91-40-27617098/5131 (O)
91-40-27765793 (R)
Fax : 91-40-27614376
E-mail : desai.mahesh64@gmail.com
hyd1_meera@bsnl.in

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

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

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

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

Tender No.	538/2019/E (3760)
Tender for	Heat exchanger tubes
Tender details	Supply of seamless tubes for heat exchangers.
Bid bond	$ 10,850
Cost of tender documents	ID 200,000
Miscellaneous	The estimated amount of the tender is $ 542,000
Closing date	*18.11.2019*
Issued by	South Refineries Company Oil Ministry, Shuaiba, Basra Refinery P. O. Box 77, Basra, Iraq Tel. : (9641) 8861762/8875850 Fax : (9641) 8875850/8861762 Website : www.src.gov.iq

Tender No.	1227/2019
Tender for	Fire-fighting and safety equipment
Tender details	Supply of fire-fighting and safety equipment.
Performance bond	5 per cent of contract price
Cost of tender documents	ID 250,000
Miscellaneous	The estimated cost is $ 200,000
Closing date	*18.11.2019*
Issued by	Midland Refineries Company Oil Ministry, Daura P. O. Box 2075 Baghdad, Iraq Tel. : (9641) 7750300/7750911 Fax: (9641) 7751096 E-mail: duroref@yahoo.com

Tender No.	1234/2019
Tender for	Valves and fittings
Tender details	Supply of valves and fittings.
Performance bond	5 per cent of contract price
Cost of tender documents	ID 250,000
Miscellaneous	The estimated cost is $ 192,000
Closing date	*18.11.2019*
Issued by	Midland Refineries Company Oil Ministry, Daura P. O. Box 2075 Baghdad, Iraq Tel. : (9641) 7750300/7750911 Fax: (9641) 7751096 E-mail: duroref@yahoo.com

Tender No.	IFB-201901076/DH
Tender for	Emergency truck
Tender details	Supply of a four-by-four emergency truck.
Bid bond	JD 5,000
Cost of tender documents	JD 29
Closing date	*24.11.2019*
Issued by	Arab Potash Company Al-Jahez Street, Shmeisani Amman, Jordan Tel. : (9626) 5200520 Fax: (9626) 5200295 Website : www.arabpotash.com

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

Contents

From Chairman’s Pen

OVERSEAS SECTION

Global Business Opportunities

DOMESTIC SECTION

Highlights

Overseas Information

OVERSEAS MARKET INFORMATION

TENDER INFORMATION

Domestic Information

PUBLIC NOTICE

EXPORT FINANCE

STEEL PRICES

Steel Market Current Report

EEPC INDIA OFFICE BEARERS

REGIONAL CHAIRMEN / CHAIRPERSON

EEPC INDIA OFFICES

REGIONAL OFFICES

SUB-REGIONAL OFFICE

Tender No.	125/2019/2020
Tender for	Scientific equipment
Tender details	Supply, installation and operation of scientific equipment for a Science Faculty.
Cost of tender documents	KD 75
Closing date	*10.12.2019*
Issued by	Central Tenders Committee Kuwait University 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
Source	MEED.com website

Issued by	Mr. Ehab Mohamed Abdel Aziz Chairman Egyptian Iron & Steel Company Eltebbin area, Helwan Cairo, Egypt Tel. : 00202-27155 477/491 Fax: 00202-27155473 E-mail : chairman@hadisolb.com
Tender No.	19204
For	Supply of 150 tons of Dead Burnt Magnesite.
Closing date	*16.12.2019*
For further details, please contact	Mr. Nahas Ali Third Secretary (Com) Embassy of India Cairo, Egypt Tel.: +202-27361014 E-mail: ahmed.ali@indembcairo.com
Source	Embassy of India, Cairo