EEPC INDIA :: Info Bulletin

Dr. S. Chandrasekar, Convenor, Coimbatore Chapter is addressing the Session on "Exports Opportunities for Engineering Products in Europe through Flanders Region" held on 27th November, 2019 in Coimbatore. On the dais (L to R) : Mr. Jayant Nadiger, Trade & Investment Commissioner, Government of Flanders, Belgium; Mr. Filippe De Potter, Project Manager at Flanders Investment & Trade, Government of Flanders, Belgium; Mr. K. S. Mani, Regional Chairman (SR), EEPC India; Mr. Mark Van De Vreken, Consul General of Belgium; and Mr. C. S. Nadiger, Regional Director (SR), EEPC India
Mr. Mark Van De Vreken, Consul General of Belgium is addressing the Session on "Exports Opportunities for Engineering Products in Europe through Flanders Region" held on 27th November, 2019 in Coimbatore
Lamp lighting by Mr. Ravi Sehgal, Chairman, EEPC India at the Inauguration of EEPC India Jaipur (Rajasthan) Chapter & Export Awareness Session held on 9th November, 2019 in Jaipur. To his left, Mr. Sanjay Beswal, Regional Committee Member of (NR), EEPC India; and Mr. C K Mishra, Jt. DGFT, Jaipur and to Chairman`s right - Mr. G. P. Malhotra, Sr. Assistant Director, EEPC India, Mr. Vikram Jain, Convener, EEPC India Jaipur Chapter and Mr. Lalit Ahuja, Deputy Convener, EEPC India Jaipur Chapter
Chapter Certificate being handed over by Mr. Ravi Sehgal, Chairman ,EEPC India and Mr. C K Mishra, Jt. DGFT, Jaipur to Mr. Vikram Jain, MD Club First and Convener, EEPC India Jaipur Chapter; Mr. Lalit Ahuja, Deputy Convener, EEPC India Jaipur Chapter at the EEPC India Jaipur (Rajasthan) Chapter & Export Awareness Session held on 9th November, 2019 in Jaipur
Mr. K. S. Mani, Regional Chairman (SR), EEPC India, welcoming the gathering at Session on Exports Products for Engineering Opportunities in Coimbatore on 27th November, 2019
Mr. C. H. Nadiger, Regional Director (SR), EEPC India, delivering a presentation about IESS IX at the Session on Exports Products for Engineering Opportunities in Coimbatore on 27th November, 2019

My dear fellow exporters,

The latest release of India’s foreign trade data for the month of November 2019 probably came with a sigh of relief for the Indian exporting community as the decline in overall merchandise exports moderated to a marginal 0.34 percent from over 6.5 percent a couple of months ago and trade deficit continued to decline sizably. Engineering exports exhibited an even better performance by registeringyear-on-year growth for the second month in a row. The growth of engineering exports in November 2019 looked quite impressive at 6.30 percent as against 1.70 percent in the previous month, but a favourable base effect behind such a high growth diluted the hope of any definite trend-reversal.

Meanwhile, the uncertainty on global trade continued which was further fueled by the apprehension of a broader global economic slowdown. WTO also continued to slash its outlook on global trade growth significantly to 1.2 percent from its earlier estimate of 2.6 percent. In addition, India suffered a huge setback at the WTO in a dispute against the US that had challenged its key export subsidy schemes including MEIS. Although, the government is in the process of finalizing Remission of Duties or Taxes on Export Product (RoDTEP) as a replacement of MEIS, the future of both schemes are now in question. Exporters are therefore expected to take a cautious approach at least for the next few months.

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.

Venezuela
(Source : Embassy of India, Caracas)

Potential products of exports for India

Pharmaceutical products - Venezuelan pharmaceutical industry is severely affected by the lack of private investment and relies heavily on the imports for drugs and pharmaceuticals. 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.

Auto parts - 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.

Oil and gas machinery and spare parts - 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.

Electric Steel - 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.

India – Venezuela relations :

Venezuela`s PDVSA brings in Indian firm to help revive crude output and repair refineries: According to media reports, PDVSA signed a five-year deal earlier this year with Indian company Flash Forge Private Limited (F-F) to help restore crude oil output and repair refineries in Venezuela. Under the deal, F-F is to provide "strategic materials, equipments, inputs and spare parts to increase production in the fields operated by PDVSA in the Orinoco Belt, East and West in Venezuela." F-F also has responsibility for "the restoration of gas compression plants, water and gas-injection plants, as well as extra-heavy crude treatment processes, well reconditioning and reconnection, steam generation and electric power generation processes," according to the document. In refining, PDVSA aims to "recover the installed capacity of refineries through the supply of equipment, materials and technical assistance." Venezuela`s total installed refining capacity is 1.28 million bpd, but according to previous reports the country`s two largest refineries have been operating at below 20% this year.

Bangladesh

(EEPC Ref. No. DB-2391)

Project	Scaling-up Renewable Energy Project Loan No. /Credit No. / Grant No.: 6363-BD Project ID No. : P161869
DB Ref. No.	WB-P441224-12/19
Issued by	Electricity Generation Company of Bangladesh (EGCB) Ltd. Level 16, Unique Heights (Level-15 & 16) 117 Kazi Nazrul Islam Avenue Eskaton Garden Dhaka-1217, Bangladesh Attn. : Mohammad Anwar Hossain, Project Director Tel. : 880-55138633-36 (extension : 1114) (PABX) Fax : 880-2-55138637 E-mail: anwar.hossain@egcb.com.bd Website : www.egcb.gov.bd
Package No.	EGCB/ Sonagazi 50 MW Solar Power Plant Construction Project /WD1
For	Design, Supply, Installation, Testing, Commissioning and Operation and Maintenance (for 3 years after COD) of 50 MW (AC) Solar PV Power Plant at Sonagazi under Feni District.
Tender cost	Non-refundable fee of BDT 40,000.00 OR US$ 500.00. The method of payment will be Pay Order OR Demand Draft in favour of “Electricity Generation Company of Bangladesh Ltd.”. The document will be sent by courier services. Those who want to get the bidding document through courier services in overseas country shall also pay another US$ 150 for such services.
Bid Security	BDT 123 million OR US$ 1.5 million from a scheduled commercial bank from an eligible country.
Bid deadline	*27.02.2020*

Gambia

(EEPC Ref. No. DB-2392)

Project	Electricity Restoration and Modernization Project Loan No. : IDA-V1120 Project ID No. : P163568
DB Ref. No.	WB-P441215-12/19
Issued by	National Water & Electricity Company Limited 53, Mamady Maniyang Highway P.O. Box 609 Conference Room, 1st Floor Banjul, The Gambia Tel. : +220 4375990 Fax : +220 4375990 E-mail : hnjie@nawec.gm; mfsanyang@nawec.gm
Bid No.	GM-NAWEC-143327-CW-RFP
For	Supply and Installation, and Operations and Maintenance of Solar PV Plant with capacity of 15-20 MW and with Battery Energy Storage System, including Operation and Maintenance for 3 years, Contract No. GERMP/WORKS/C1/01.
Tender cost	Non-refundable fee of US$ 300. The method of payment will be electronic transfer to NAWEC bank account.
Bid deadline	*10.02.2020*

Georgia

(EEPC Ref. No. DB-2393)

Project	Urban Services Improvement Investment Program – Tranche 6 Loan No. : 3441-GEO Financing from ADB
DB Ref. No.	ADB-P442376-12/19
Issued by	United Water Supply Company of Georgia 76b, Vazha-Pshavela Avenue Floor/Room No. : 6th Floor 0186 Tbilisi, Georgia Tel. : (995 32) 291 90 60 E-mail : i.mazanishvili@water.gov.ge; g.matiashvili@water.gov.ge; n.abuladze@water.gov.ge; kh.amilakhvari@water.gov.ge
Bid No.	UWSCG-ICB-G-02-B. Loaders-2019
For	Supply of 10 units of Backhoe Loaders (small) and 4 units of Backhoe Loaders (general) that shall be delivered at UWSCG’s premises in the town of Gori, Georgia with the following details : - 4 General Backhoe Loaders with Operational Weight : min. 9.5 – max. 11 Tons - 10 units Backhoe Loaders (small) with Operational Weight : min. 8 – max. 9.5 Tons - 1-year warranty
Tender cost	Non-refundable fee of GEL 290 or US$ 100 for receiving the Bidding Documents on the non-editable CD (in electronic format) at UWSCG office between 10:00 to 17:00 hours, or GEL 400 or US$ 150 for receiving the Bidding Documents on the non-editable CD (in electronic format) by courier, either by cash payment or electronic transfer to the following account : United Water Supply Company of Georgia JSC Liberty Bank, Central Branch SWIFT CODE : LBRTGE22 GE67LB0113123325230095 GEL GE40LB0113123325230096 US$
Bid deadline	*23.01.2020*
Source	UN Development Business Website

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (December 14, 2019)

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

(Rate Rs. per Tonne)

Ingot
Arc/Ind. Furnace
Round quality (21x25)	28,600
Structural quality (28x30)	28,600
Low carbon (12x16)	-
Semi low carbon (18x21)	28,550
5x6 Girder quality (25x30)	-
Runners/Risers	28,650
Bones/Clean	-

Billets & Squares
50x50x63x63x65x65 mm MS	-
75x75x80x80x90x90 mm MS	28,800
100x100 mm MS	28,800
125x125 mm MS/ Concast	-
100x100 mm Concast-Billets	28,800
100x100 Concast-SAIL DSP	28,800
H.C. Billet SAIL 150x150 mm)	-
H.C. Billet-Tisco 75x75 mm)	-

Blooms
Above 251 mm Bloom (HC)	25,300
Above 251 mm Bloom (MS)	25,300
(DSP) Bloom 160x250 mm	25,300
130/135/140 mm (Tisco) MS	-
150x150 mm Concast (DSP)	28,300
150x150 mm MS (SAIL)	28,300
Bloom Cut into pcs. (MS)	29,300
Bloom Cut into pcs. (Medium)	28,500
Bloom Cut into (Patra Pass)	28,500

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

Rails
Untested Rail - 75 lbs.	25,100
Untested Rail - 90 lbs.	25,100
Untested Rail - 105 lbs.	25,000
Rej. Wheel (Small)	25,000
Cut Tyre (Big)	31,900
Cut Tyre (Small)	26,000

Melting Scrap (F.O.R.)
Fresh Scrap (Rolling Mill End)	25,700
Old Scrap (Godown)	21,600
Turning	21,000
Tin Tapper	23,400
Mill Scale	18,500
Sponge Iron	21,400

Pig Iron (F.O.R.)
Foundry Grade	29,900
Steel Grade	22,700
C.I. Turning	15,700
Degi Scrap	23,700
Deg Casting	35,600
Ingot Moulds (Old)	22,100
Ingot Moulds (New)	34,200
Cut Ingot Moulds	21,000

Open Market Rates of Finished Goods (December 14, 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	4210	4230	4230	4240	4210	4310	4370	4240
Zindi Pass (Drawing)	-	-	-	4310	4380	4380	4480	4480

Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4270

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	4330	4330	4380	4380	4390	4410	4280

M. S. Squares	4 mm	5 mm	6 mm	8 mm	10 mm	12 mm	16/20 mm	22/25 mm
Mild	4430	4430	4420	4460	4460	4460	4420	4390

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	4250	4210	4260	4330	4430	4420	-	-	-	-	-
5 mm	–	4100	4210	4330	4430	4420	4430	4430	-	-	-
6 mm	–	4290	4290	4330	4330	4420	4430	4420	-	-	-
8 mm	-	-	-	4300	4400	4420	4420	4420	-	-	-
10 mm	–	-	-	4300	4400	4420	4420	4480	4420	-	-
12 mm	–	-	-	4300	4400	4080	4400	4400	-	4500	-
16 mm	–	-	-	4300	4400	4410	4400	4470	-	-	-

M. S. Flats	20 mm	25 mm	32 mm	40 mm	50 mm	65 mm	75 mm	100 mm
3 mm	4220	4210	4220	4260	4360	4270	-	-
5 mm	4220	4210	4220	4220	4460	4470	4460	4460
6 mm	4260	4280	4220	4220	4370	4460	4460	4460
8 mm	-	-	4100	4220	4320	4420	4430	4460
10 mm	-	-	4090	4220	4320	4420	4430	4430
12/25 mm	-	-	4090	4220	4320	4420	4430	4430
18/19 Gauge	4070	4160	4340	4220	4320	4430	4430	4430

[Prices at other stockyards may vary] Source : Steel Town (Weekly), December 14, 2019]

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.	GTC 948/2019
Tender for	Substation control systems
Tender details	Supply and support of obsolete substation control systems in the Kahramaa electricity network on a service level agreement basis.
Bid bond	QR 300,000
Cost of tender documents	QR 3,000
Closing date	*23.01.2020*
Issued by	Qatar General Electricity & Water Corporation (Kahramaa) Electricity System Control Department Dafna, P. O. Box 41 Doha, Qatar Tel. : (974) 44845484/44845555 E-mail : contactus@km.com.qa Website : www.km.com.qa

Tender No.	RFX-2051900081
Tender for	Copper earthing conductor
Tender details	Supply of 95-square-millimetre bare copper earthing conductor.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 525
Closing date	*09.01.2020*
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

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