engineering export bulletin engineering the future

    ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 26 | OCTOBER 19, 2020

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    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

    • Public Notice No. 26/2015-2020 - Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20.
    • Notification No. 99/2020 - Customs (N.T.) - Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.
    • Notification No. 100/2020-Customs (N.T.) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver -regd.
    • Circular No. 45/2020-Customs - Faceless Assessment - Measures for timely assessment of Bills of Entry and clarification on defacement of physical documents - reg.
    • Trade Notice No. 30/2020-2021 - Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020.
    • Notification No. 31/2020-Customs (ADD) - Seeks to amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the 30th November, 2020.
    • A.P. (DIR Series) Circular No. 03 - Data Processing and Monitoring System (EDPMS) Module for ‘Caution/Decaution Listing of Exporters’ – Review.
    chairman

    My dear fellow exporters, 

    Amid concern of further deepening of the COVID-Pandemic, economic activities have been intermittently showing signs of improvement in business sentiment, and the latest one has come with the release of export figures for September 2020 showing year-on-year growth for the first time in the ongoing fiscal. Merchandise exports from India grew by5.99 percentin the said month after conceding year-on-year decline in the previous five months of fiscal 2020-21. Engineering exports also followed the broader trend and achieved year-on-year growth in exports for the second month in this fiscal after July 2020. Engineering exports during September 2020 stood at USD 6,577.20 million as against USD 6,257.50 million in the same month last fiscal.

    Another good sign is the upward revision of the figures of the previous months, be it growth or decline. The revised figures for the previous months have shown moderation in decline or acceleration in growth in comparison to the preliminary estimates, which usually indicates better scenario in the months to come. WTO on the global front has also predicted a 9.2 percent drop in global merchandise trade in 2020-21, which is much lower than the earlier forecast of 12.9 percent drop.

    Our government and regulatory authorities have also been doing their parts to combat the spread of COVID and restoration of economic activities as well. RBI has recentlyannounced discontinuation of automatic caution-listing of exporters with pending bills for two years, a step which would go a long way in helping the exporters. Furthermore to ease out the burden of exporters on the increasing freight, CBIC has also issued a notification recently extending GST exemption on Ocean/Air freight for export consignments by Shipping Lines/Airlines from customs station of clearance in India to a place outside India till Sep 30, 2021. All these efforts are expected to start yielding fruits and may, in turn lead to slow but steady restoration of economic activities towards the pre-COVID level.

     

    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

    Bosnia and Herzegovina
    (Source : Embassy of India, Budapest)

    Significant trend in trade & investment

    Trade in Goods BiH importsfrom India

    Commodity - 8414 Air or vacuum pumps (excluding gas compound elevators and pneumatic elevators and conveyors);

    Analysis - The product group grew by 2.2% in the Jan-Mar period of 2020 over the same period of 2019 to USD 2.8 mln. It represents 14.9% of Imports from India to BiH. 

    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.

    Greece
    (Source : Embassy of India, Athens)

    Details of significant trends - According to latest available data on bilateral trade by the Hellenic Statistical Authority, processed by the Export Research Centre (KEEM), in January-June 2020 Greek imports from India was 193.0 million Euro (decreased by 8.0% as compared to January-June 2019 when it was 209.9 million Euro) and Greek exports to India in January-June 2020 was 31.8 million Euro (decreased by 26.3% as compared to January-June 2019 when it was 43.1 million Euro).

    Analysis - According to latest available data by the Hellenic Statistical Authority, the total value of Greek imports for the 6-month period from January to June 2020 in comparison with the corresponding period of the year 2019, amounted to Euro 22,979.4 million, decreased by 15.5%. The total value of Greek exports for the 6month period from January to June 2020 as compared to January-June 2019 amounted to Euro 14,609.9 million, decreased by 12.2%. Greek food exports have increased in the first five months of the year, against a downturn in global trade and capitalizing on an image of health and wellness associated with Greece and the Mediterranean Diet. According to the latest official data, Greek food exports in the five-months (Jan-May 2020) increased by 10.2%, as compared to the same period last year, amounting to €2.12 billion, even as overall Greek exports were decreased due to the coronavirus pandemic.

    Trade in Services - Greece is launching a new online platform and registry of innovative start-ups– Elevate Greece− amid growing foreign interest in the country’s fast developing tech sector. The platform will serve as a portal to Greece’s start-up ecosystem, helping channel public assistance and investors to eligible companies. Greece is also raising the tax credit for R&D funding to 100% from 30%.

    Analysis - In the last two years, global tech and life science giants have been investing both in Greek start-ups and new R&D facilities to tap the country’s software and engineering talent. This year, U.S. tech giants Applied Materials and Microsoft acquired Greek tech companies Think Silicon and Softomotive. In early June, U.S. conglomerate Cisco Systems announced an international innovation and digital skills development centre in Thessaloniki following a similar move by pharmaceutical company Pfizer. In the past two years, multinationals like electric vehicle maker Tesla and consultancy EY have also invested in new Greek R&D facilities. According to an EY survey, 15% of foreign direct investment into Greece over the last three years was directed at the technology sector.

    Ambassador presented his Letter of Credence to the President of the Hellenic Republic, H.E. Katerina Sakellaropoulou, on July 29, 2020. Thereafter, Ambassador discussed our traditionally strong bilateral relations, and the further strengthening of our partnership particularly in the fields of economic, commercial and trade with the Hellenic President. Deputy Minister of Economic Diplomacy & Extroversion, Ministry of Foreign Affairs Kostas Fragogiannis was also present.

    Ambassador held a meeting with James Mimikos, Board of Director of Public Relations, Greece-India Business Association (GIBA) on July 31, 2020 in the Embassy of India, Athens to discuss the areas of cooperation in the fields of commercial and trade.

    The 15th Summit between India and the European Union (EU) was held in virtual format on 15th July 2020. Among others, it was agreed to further develop trade and investment relations to unleash full potential particularly in the context of post-Covid-19 economic recovery and support sustainable growth and jobs on both sides. India and the EU reaffirmed their commitment to work towards balanced, ambitious and mutually-beneficial trade and investment agreements, opening markets and creating a level playing field on both sides. It was also agreed to establish a regular High-Level Dialogue at ministerial level to provide guidance to the bilateral trade and investment relations and to address multilateral issues of mutual interest. The High-Level Dialogue will aim at fostering progress on the trade and investment agreements, addressing trade irritants and improving conditions for traders and investors on both sides as well as discuss supply chain linkages. India and the EU agreed to keep the global trading system open, with the WTO as the bedrock of the rules-based multilateral trading system and to step up cooperation to preserve, strengthen and reform the WTO. Their cooperation should address today’s challenges effectively, including post-COVID19 economic recovery efforts with the objectives of a sustainable, socially just and resource efficient economy. They will work together to make the twelfth WTO Ministerial Conference a success yielding concrete results in this regard. The leaders of both sides welcomed the G20.

    Action Plan to support the global economy and underlined the need to assist the most vulnerable countries. India and the EU will enhance coordination on global economic governance, notably in the framework of the G20. They will continue working together to promote debt sustainability, including in the G20. The leaders of both sides adopted the “India-EU Strategic Partnership: A Roadmap to 2025” to guide cooperation between India and the EU over the next five years. They welcomed the signing of the India-EURATOM Agreement on research and development cooperation in the peaceful uses of nuclear energy. They also adopted a Joint Declaration on Resource Efficiency and Circular Economy and welcomed the upcoming renewal of the India-EU Science and Technology Agreement for another five years. They agreed to reconvene for the 16th India –EU Summit in 2021. Full Joint Statement of the 15th India-EU Summit is available with the following link: https://euindiachambers.com/joint-statement-of-the-15th-india-eu-summit-july-15-2020/

    In July 2020, works began on the redevelopment of the old Athens airport at Hellenikon marking the start of an enormous construction project that will transform the coastline south of the Greek capital into one of the world’s premier destinations. The 600-hectare site– an area three times the size of Monaco– will be turned into a mixed-use complex of hotels, residences, offices, shopping centres and recreational facilities that will include a giant urban park encompassing roughly two-thirds of the area. The €8 billion project is seen as the largest urban redevelopment project in Europe. Construction is expected to take at least 10 years, create 10,000 jobs during the building phase, 75,000 permanent jobs thereafter, and contribute 2.4% to Greece’s GDP.

    Greece will receive €72 billion in financial support under the European Union’s €750 billion recovery fund to help member-states cope with the economic fallout from the coronavirus pandemic.

    The Greek government has announced a further €3.5 billion support package through September for workers and businesses affected by the pandemic.

    Greece’s privatization program has contributed about €1 billion annually to the country’s GDP over the period 2011-2019, according to a study by the Foundation for Economic and Industrial Research (IOBE). Over the same period, the average impact on employment was close to 20,000 full-time jobs.

    Greece’s Tourism Ministry has launched a new campaign and website– “Destination Greece. Health First”– signalling the country’s commitment as a safe holiday destination. The campaign’s accompanying website, Greecehealthfirst.com, includes information on the health protocols Greece has implemented to combat the coronavirus outbreak. More than six in 10 companies say Greece is an investor-friendly place and the country is working hard to attract foreign investment, according to a new survey by business consultancy EY. The survey, released at the Invest GR Forum, also showed that an overwhelming majority of respondents, 69%, expect Greece to improve further as an investment destination over the next three years, far outpacing expectations for the rest of Europe.

    Hungary
    (Source : Embassy of India, Budapest)

    Potential products of imports from India

    Commodity - 901920 Ozone therapy, oxygen therapy, aerosol therapy, artificial respiration or other therapeutic respiration apparatus Hungary for the month imported this product from the World in the value of USD 245.8 mln,

    Rationale - Hungary for the month imported this product from the World in the value of USD 245.8 mln, while imports from India to Hungary were nil.

    Commodity - 851770 Parts of telephone sets, telephones for cellular networks or for other wireless networks and of other apparatus for the transmission or reception of voice, images or other data, n.e.s.

    Rationale - Hungary for the month imported this product from the World in the value of USD 134.4 mln, while imports from India to Hungary were 0.1 mln.

    Commodity - 852990 Parts suitable for use solely or principally with transmission and reception apparatus for radio-broadcasting or television, television cameras,digital cameras, video camera recorders, radar apparatus, radio navigational aid apparatus or radio remote control apparatus, monitors and projectors, n.e.s. (excl. for aerials and aerial reflectors of all kinds).

    Rationale - Hungary for the month imported this product from the World in the value of USD 120.1 mln, while imports from India to Hungary were nil.

    Overview of General Barriers to FDI in Hungary

    Regulatory barriers and administrative burden are affecting all sectors but particularly energy, construction, and banking: The overall administrative burden, including start-ups, negatively affects investment decisions. The instability of the regulatory framework, with frequent and unpredictable regulatory changes, creates uncertainty for investors and is hindering both internal investment and FDIs. The Hungarian government imposes a 100% offset requirement for defined sector investments over HUF 1bln (€2.8 mln). Efficiency of procedures in construction and environmental permitting is insufficient, while corruption raises risk for investors. There is no requirement that investors must purchase from local sources, but the EU Rule of Origin applies.

    Ownership restrictions (all non-EU)

    According to the 2014 Land Law, only private Hungarian or EU citizens resident in Hungary with a minimum of three years experience of working in agriculture or holding degree in agriculture can purchase farmland, which is limited to 300 hectares. All others may lease farmland. All farmland purchases must be approved by a local land committee and Hungarian authorities, local farmers and young farmers must be offered a chance to purchase the land first. Up to 1200 hectares for a maximum of 20 years may be leased.

    Price controls in Consumer facing sectors and others considered to be of strategic importance

    The Hungarian government regulates the prices of certain goods, setting the upper and lower limits to which the private sector must adhere. Sectors include energy, pharmaceuticals. Cuts on regulated utilities prices have put considerable pressure on private utilities companies, decreasing profit margins and adding to an increasingly difficult operating environment.

    State intervention in Banking, energy, agriculture, media, telecommunications, and retail sectors

    Since 2012 government has invested in state-owned enterprises with the objective of lessening the participation of foreign-owned competitors, especially in the energy sector. Recent additions from 1 Jan 2019 include the chemical industry, the telecom sector, vehicle construction, metallurgy, optics and electric equipment production, the defence industry, water and sewage management, the financial sector, food industry and agriculture, production of construction materials, state administration, health care, wage management, transport and tourism sectors. Foreign investors in the targeted sectors have expressed concerns that the tax regime has become unpredictable and the additional levies appear to have been aimed against some industries with a high level of foreign ownership.

    Basic Rules of the Protection of Strategic Assets Concerning Foreign Investments

    The European Commission has issued Communication 2020/C 99 I/01 in which it has given guidance to the Member States of the EU concerning the protection of Europe’s strategic assets from the foreign direct investment, ahead of the application of Regulation (EU) 2019/452 (FDI Screening Regulation) which is applicable from 11 October 2020. Hungary first adopted FDI screening mechanisms by Act LVII of 2018 for FDIs violating the security interests of the country, then in the economic crisis caused by COVID-19, further screening rules were adopted for FDIs by Government Decree nr. 227/2020. (V.25.). According to the above, certain transactions concerning Hungarian-seated companies operated in strategic sectors by foreign investors shall be reported to the Minister of Finance and the acknowledgement of the Minister of Finance is necessary for the realisation of the acquisition of the shares until 31 December 2020. These transactions include the acquisition of shares, the increase of the registered capital and the transformation of the company. The strategic sectors specified by the Government Decree include energy, communication, finance, agriculture and food industry, healthcare, construction, transport industry, tourism, IT, mechanical engineering, etc. Those foreign investors that have shares in a company registered in the EU, European Economic Community or in Switzerland shall only report the transaction if majority interest will be acquired indirectly. Conversely, the foreign investors wishing to acquire shares in a Hungarian company directly has to report any transactions by which the foreign investor would acquire shares at a ratio of at least 10% and the value of the investment is at least 350 000 000 HUF (appx EUR 1 mln). The Minister of Finance has 45 days or in specific and duly justified cases 60 days to decide on the acknowledgement of the transaction. Should the Minister provide a negative decision, then the exact reason of the prohibition is not required to be mentioned. The review of the prohibiting decision can be initiated at the Metropolitan Court.

    Banking, agriculture, defence and energy

    The Hungarian government has publicly declared that reducing foreign bank market share in the Hungarian financial sector and tightening regulations governing NGOs are key priority areas. Several state-led initiatives over the past several years targeted the banking sector and reduced foreign participation.

    Significant trend and investment

    Commodity - 8411 Turbojets, turbopropellers and other gas turbines

    Analysis - The product group increased by 60.4% in the Jan-June period of 2020 over the same period of 2019 to USD 9.7 mln. It represents 4.5% of Imports from India to Hungary.

    Commodity – 8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of heading 8469 to 8472, n.e.s.

    Analysis – The product group fell back by 40.1% in the Jan-June period of 2020 over the same period of 2019 to USD 12.6 mln. It represents 5.8% of Imports from India to Hungary.

    Commodity – 8708 Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 

    Analysis –  The product group increased by 14.6% in the Jan-June period of 2020 over the same period of 2019 to USD 8.5 mln. It represents 3.9% of Imports from India to Hungary.

    Information dissemination

    India Subcontracting Expo EEPC 29 Sept 02 Oct 2020 subsequently changed to 27-30 October, 2020

    Information on the event was circulated on 17th Sept and 28th Sept to the Ministry of Foreign Affairs and Trade (MFAT), the Hungarian Engineering Associations MMK, MAGEOSZ, Hungarian Chambers of Commerce and Industry (HCCI), Budapest Chamber of Commerce and industry (BCCI), Hungarian Investment Promotion Agency (HIPA), Hungarian Export Promotion Agency (HEPA) Information on the event was placed on the website of the Mission.

    Republic of Korea
    (Source : Embassy of India in Seoul)

    Significant trends in trade and investment

    Trade - During January-August 2020, Republic of Korea’s exports inched down -10.6 percent to USD $322.98 billion. Imports also inched down -10.3 percent to $303.96 billion. The trade surplus stood at $19.02 billion. In August 2020, South Korea’s export recorded $39.57 billion with -10.1 percent decrease and import stood at $35.74 billion with -15.8 percent decrease. South Korea recorded trade surplus of 3.83 billion alone in August 2020.

    Bilateral trade between January-August 2020, Korea exported $7,012 million to India with -34.3% decrease and imported $3,303 million with -9.6% decrease. Bilateral trade amounted to $10,315 million and South Korea recorded trade surplus of $3,220 during the period.  In August 2020, Korea’s export to India marked $860 million with -33.1% downturn and import from India amounted to $370 million with -20.4% downturn.

    Analysis - Korea’s August exports recorded single-digit decline for the second consecutive month despite having fewer working days (down 1.5 days). Daily exports decreased by 3.8 percent, the smallest decline since the outbreak of COVID-19.

    Trade, Industry and Energy Minister Mr. Sung has stressed the second wave of the virus, the US-China trade dispute and the low oil prices Six out of 20 major export items saw growth, which are semiconductors, computers, bio-health products, cosmetics, home appliances, and robots.

    Although Korea’s export to all major regions saw decreases, it continued a trend of recovery. Decrease in Korea’s export to India was on weak petrochemicals, steels, general machinery, and auto parts.

    Investment - Total investment made by Korea to India amounted to $362 million during January-June 2020, latest data as of September 2020. Majority of the investment came from manufacturing and real-estate activities, followed by electricity, gas, steam and air conditioning supply. Cumulative investment since 1980 stands at $6.79 billion.

    S. Korea, India agree on closer cooperation on int`l security issues

    South Korea and India agreed to strengthen cooperation on international affairs, including disarmament and nonproliferation, during a virtual meeting between senior diplomats. The two sides agreed to hold related consultations on a regular basis and strengthen "communication" on multilateral diplomacy, including the Conference on Disarmament the First Committee of the UN General Assembly.

    Samsung, LG target India`s surging online market

    Samsung Electronics and LG Electronics have been expanding into India`s fast-growing online market to diversify their sales channels amid the prolonging COVID-19 pandemic. They are beefing up their e-commerce sales channels at a time when India`s online market has been experiencing an explosive growth in the wake of the virus pandemic, prompting consumers to purchase their goods online.

    (Source : The Korea Times, Yonhap)

    Any other issue of importance

    Advantage Pharma: Creating India-ROK Synergies in the Post COVID-19 Era

    In furthering India-ROK’s bilateral cooperation under the pharmaceutical and bio-pharma sector, the Mission has hosted online interaction “Advantage Pharma: Creating India-ROK Synergies in the Post-COVID19 Era”. Mission worked with both countries’ major pharmaceutical association in creating more meaningful cooperation platform, with India’s Pharmaceutical Export Promotion Council of India (Pharmexcil) and Korea’s Korea Pharmaceutical and Bio-Pharma Manufacturers Association (KPBMA). International Vaccine Institute (IVI) Director General has been also invited to give remarks and shared the importance of India-ROK cooperation under the sector. Presentations have been made from four of India’s major pharmaceutical companies on the following pharma sectors; Vaccine, Bio-pharma &CRO/CDMO, API, and Generics. From Korean side, GC Cell, one of top pharma companies in Korea, shared their experience with Indian market. After the presentation session, Mission had arranged B2B meetings with India-ROK companies in furthering the cooperation. Total of 14 B2B meetings have been made with around 140 participants attending the presentation session.

    Hanwha Defense exported to around the world

    More than 600 units of the K9 artillery gun have been sold to nations around the world. Amid favorable reviews from buyers, Hanwha Defense is expected to receive additional and new orders for the K9. India is highly likely to import more K9 artillery guns. In India, the K9 is produced locally. India’s additional demand is expected after 100 units are delivered by the end of 2020.

    Daewoong Pharmaceutical to Test COVID-19 Drug with India

    Daewoong Pharmaceutical signed licensing and joint development agreements with Mankind Pharma, the third-largest pharmaceutical company in India, so that the trials can be expedited and the substance can be supplied without delay. Daewoong Pharmaceutical India and Mankind Pharma will be in charge of the first phase. The second and third will be carried out by Mankind Pharma.

    (Source: Korea Herald, Business Korea) 

    TENDER INFORMATION

    Bangladesh Bangladesh
    (EEPC Ref. No. DB-2457)
    Project              

    Dhaka and Western Zone Transmission Grid Expansion Project
    Loan No. : L3853-G0675-L8374-BAN
    Financing from ADB               

    DB Ref. No.  ADB-P574153-10/20 
    Issued by 

    Company Secretary
    Power Grid Company of Bangladesh Ltd. (PGCB)
    Avenue-3, Jahurul Islam City
    Aftabnagar, Badda
    Dhaka-1212, Bangladesh
    Tel: +88 02 55046731-35
    Fax: +88 02 55406722
    E-mail : se.contract@pgcb.gov.bd;
    arkpgcb@gmail.com, se.tld@pgcb.gov.bd
    Website : www.pgcb.gov.bd 

    Bid No.  PGCB/AIIB/L0272A/DWZTGEP/GIS/P7 
    For  Design, Supply, Installation, Testing and Commissioning of 230/132/33 kV GIS Substation
    at Rupsha and 132/33 kV GIS Substations at Phultola, Monirampur, Maheshpur, Meherpur
    on turnkey basis (Package-7).
     
    Tender cost  Non-refundable fee of US$ 300.00 (United States Dollar Three Hundred) or BDT 24,000,00
    (Taka Twenty Four Thousand only) in the form of Pay Order/ Demand Draft in favour of the
    Power Grid Company of Bangladesh Limited. The Bidding Document may be sent through a
    courier for an additional fee of BDT 10,000.00 (local delivery) or US$ 120.00 (International
    delivery) in the form of Pay Order/ Demand Draft in favor of Power Grid Company of Bangladesh
    Limited. No liability will be accepted for loss or late delivery of the Bidding Document.
     
    Bid deadline  21.12.2020 
    Maldives Maldives
    (EEPC Ref. No. DB-2458)
    Project            

    Preparing Outer Islands for Sustainable Energy Development Project - Additional Financing
    Loan No. : 46122-MLD
    Financing from ADB             

    DB Ref. No.  ADB-P570337-10/20 
    Issued by 

    Ms. Fathimath Rishfa Ahmed
    Procurement Executive
    National Tender
    Ministry of Finance
    Ameenee Magu, Malé 20379
    Republic of Maldives
    Tel. : (960) 3349106
    E-Mail : mohamed.mafaaz@finance.gov.mv; tender@finance.gov.mv 

    Contract No.  Package 1 
    For 

    Procurement of Design, Supply, Installation and Maintenance of Grid–tied Solar PV-Diesel Hybrid Power
    Generation Plants and Solar-Powered Ice Making Plants (Lot 1 & Lot 2) with the following details:

    - Lot 1 : For Procurement of Design, Supply, Installation and Maintenance of Grid – tied Solar PV-Diesel
    Hybrid Power Generation Plants in Twelve (12) Islands of Thaa Atoll;

    - Lot 2 : For Procurement of Design, Supply, Installation and Maintenance of Grid – tied Solar Powered
    Ice Making Plants in Four (4) Islands.

    Bidders may bid for either one or both lots, as described in the Bidding Documents. 
    Tender cost 

    Non-refundable Registration fee of MVR 1,500.00 (Maldivian Rufiyaa One Thousand Five Hundred) or
    US$ 100.00 (United States Dollar One Hundred), through our online payment portal - Ban`deyri Pay
    (https://bandeyripay.finance.gov.mv/), or by electronic transfer to a designated bank account,
    information of which can be requested through email to above given email addresses. Once the
    payment has been confirmed, the Bidder shall be registered upon submitting in person or by
    electronic mail, the following information :

    - Name and Address of the Bidder
    - Name, Email address and contact number of the Contact Person(s)
    - Copy of the Payment/Transaction Receipt. 

    Bid deadline  07.12.2020 
    Source  UN Development Business Website 
    Bahrain Bahrain
    (EEPC Ref. No. MEED-2980)
    Tender No.              RFP/INT/CSD/2020/35 (IN/CSD/MA/2020/169)                
    Tender for  Steel vents 
    Tender details  Supply of 800 louvered steel vents for an EDD distribution substation. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  02.11.2020 
    Issued by 

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

    Kuwait Kuwait
    (EEPC Ref. No. MEED-2981)
    Tender No.             MEW/41/2019/2020             
    Tender for  Electrical distribution group condenser 
    Tender details  Supply, installation and maintenance of a group condenser to enhance the
    power factor in an electrical distribution network. 
    Bid bond  KD 62,000 
    Cost of tender documents  KD 1,000 
    Closing date  10.11.2020 
    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 

    Kuwait Kuwait
    (EEPC Ref. No. MEED-2982)
    Tender No.              RFQ/1032808            
    Tender for  LED screens and stands 
    Tender details  Supply of LED screens and stands for the Mina al-Ahmadi and Mina Abdulla refineries. 
    Bid bond  KD 1,000 
    Closing date  14.01.2021 
    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-2983)
    Tender No.             RFQ/1032533            
    Tender for  Centrifugal pump parts 
    Tender details  Supply of spare parts for centrifugal pumps for a clean fuel project at the Mina al-Ahmadi refinery. 
    Bid bond  KD 2,500 
    Closing date  12.11.2020 
    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 

    United Arab Emirates United Arab Emirates
    (EEPC Ref. No. MEED-2984)
    Tender No.                RFX-2122000138              
    Tender for  Cables 
    Tender details  Replacement of paper-insulated lead covered (PILC) cables in 11kV systems and installation
    and commissionin of 11kV cables. 
    Bid bond  AED 1.6m 
    Cost of tender documents  AED 2,100 
    Closing date  10.11.2020 
    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 
    MyanmarMyanmar
    (EEPC Ref. No. TN-18)
    Issued by              

    Deputy General Manager Supply Department
    Myanma Railways
    Ministry of Transport and Communications
    Corner of 51st Street and Merchant Street
    Botahtaung, Yangon, Myanmar
    Tel. : 95 1 291985, 291994               

    For 

    Supply of Spare Parts for CAT Engine (91) Items, Alco Engine (61) Items, Pielstick Engine (16) Items,
    DPMS (81) Items.

    Tender No. 12(T)3/MR (ISN)20-21
    Spare Parts for CAT Engine (91) Items

    Tender No. 12(T)4/MR (ISN)20-21
    Spare Parts for Alco Engine (61) Items

    Tender No. 12(T)5/MR (ISN)20-21
    Spare Parts for Pielstick Engine (16) Items

    Tender No. 12(T)6/MR (ISN)20-21
    Spare Parts for DPMS (81) Items 

    Closing date   16.11.2020 
    For further details, please contact 

    Commerce Wing
    Embassy of India
    Yangon, Myanmar
    Tel. : +95-1-391219/388412
    E-mail : comnewsyangon@gmail.com 

    Source  Embassy of India, Yangon 
    Egypt Egypt
    (EEPC Ref. No. TN-19)
    Issued by             

    Mr. Medhat Galal
    Foreign Purchasing Department
    Petroleum Gas Company PETROGAS
    336,337 El Makrezy South area
    50th settlement
    New Cairo, Egypt
    Tel. :+202-26735800 Ext. 6222
    E-mail : info@petro-gas.org              

    Tender No.   3/2020/2021 
    For  Supply of  50016 tubes of sealing compound for fitting ¾ valve onto LPG cylinders. 
    Cost of Tender document   LE 5000 or equivalent + 14% VAT. 
    Bid Security   $ 3000 
    Performance Bond   5% 
    Bid Deadline   09.12.2020 
    Tender Book is Available at Material General Department (Piece 336, 337 el mehwar el markezy south 90 st,
    fifth Settlement New Cairo, Cairo, Egypt)
    For further details, please contact  

    Nahas Ali
    Second Secretary (Com.)
    Embassy of India
    Cairo
    E-mail : ahmed.ali@indembcairo.com

    Source  Embassy of India, Cairo

    Domestic Information

    PUBLIC NOTICE

    Dated 16 October, 2020

    Public Notice No. 26/2015-2020



    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. 26/2015-2020 dated 16th October, 2020 regarding Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20. The above Public Notice has already been hosted in our Website (http://www.eepcindia.org/download/201019115914.pdf) for information of our Members.
    Dated 13 October, 2020

    Trade Notice No. 30/2020-2021



    The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Department of Commerce, Government of India, New Delhi has issued a Trade Notice No. 30/2020-2021, dated 13th October, 2020 regarding Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020. The above Trade Notice has already been hosted in our Website (http://www.eepcindia.org/download/201016114533.pdf) for information of our Members.
    Dated 15 October, 2020

    Notification No. 99/2020-Customs (N.T.)



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Notification No. 99/2020-Customs (N.T.), dated 15th October, 2020 regarding Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201016114641.pdf) for information of our Members.
    Dated 15 October, 2020

    Notification No. 100/2020-Customs (N.T.)



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Notification No. 100/2020-Customs (N.T.), dated 15th October, 2020 regarding Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201016114729.pdf) for information of our Members.
    Dated 16 October, 2020

    Notification No. 31/2020-Customs (ADD)



    Ministry of Finance, Department of Revenue, Government of India, New Delhi has issued a Notification No. 31/2020-Customs (ADD), dated 16th October, 2020 regarding Seeks to amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the 30th November, 2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201019120010.pdf) for information of our Members.
    Dated 12 October, 2020

    Circular No. 45/2020-Customs



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Circular No. 45/2020-Customs, dated 12th October, 2020 regarding Faceless Assessment - Measures for timely assessment of Bills of Entry and clarification on defacement of physical documents. The above Customs Circular has already been hosted in our Website (http://www.eepcindia.org/download/201016114843.pdf) for information of our Members.

    EXPORT FINANCE

    Dated 9 October, 2020

    RBI/2020-2021/50
    A.P. (DIR Series) Circular No. 03




    The Reserve Bank of India, Mumbai has issued A.P. (DIR Series) Circular No. 03, dated 9th October, 2020 regarding Data Processing and Monitoring System (EDPMS) Module for ‘Caution/Decaution Listing of Exporters’ – Review. The above Circular has already been hosted in our Website (http://www.eepcindia.org/download/201016114957.PDF) for information of our Members.

    STEEL PRICES

    Steel Market Current Report

    Mandi Gobindgarh
    Open Market Rates of Rerollables (October 17, 2020)

    (Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
    Ingot
    Arc/Ind. Furnace
    Round quality (21x25) 33,200
    Structural quality (28x30) 33,400
    Low carbon (12x16) -
    Semi low carbon (18x21) 33,350
    5x6 Girder quality (25x30) -
    Runners/Risers 33,000
    Bones/Clean -
    Billets & Squares  
    50x50x63x63x65x65 mm MS -
    75x75x80x80x90x90 mm MS 33,400
    100x100 mm MS2 33,500
    125x125 mm MS/ Concast -
    100x100 mm Concast-Billets 33,800
    100x100 Concast-SAIL DSP 33,800
    H.C. Billet SAIL 150x150 mm) -
    H.C. Billet-Tisco 75x75 mm) -
    Blooms  
    Above 251 mm Bloom (HC) 30,200
    Above 251 mm Bloom (MS) 30,200
    (DSP) Bloom 160x250 mm 30,200
    130/135/140 mm (Tisco) MS -
    150x150 mm Concast (DSP) 33,200
    150x150 mm MS (SAIL) 33,300
    Bloom Cut into pcs. (MS) 33,300
    Bloom Cut into pcs. (Medium) 33,500
    Bloom Cut into (Patra Pass) 33,500

    Slabs  
    Durgapur Slabs 14"x3" -
    Durgapur Slabs -
    Bokaro Slab Heavy -
    Tata Concast Slab (Heavy) -
    Skelp Tisco -
    Rails  
    Untested Rail - 75 lbs. 25,200
    Untested Rail - 90 lbs. 25,200
    Untested Rail - 105 lbs. 25,100
    Rej. Wheel (Small) 25,100
    Cut Tyre (Big) 32,000
    Cut Tyre (Small) 26,000
    Melting Scrap (F.O.R.)  
    Fresh Scrap (Rolling Mill End)  25,400
    Old Scrap (Godown) 21,800
    Turning 21,000
    Tin Tapper 23,100
    Mill Scale 18,100
    Sponge Iron 21,300
    Pig Iron (F.O.R.)  
    Foundry Grade 30,000
    Steel Grade 22,800
    C.I. Turning 15,800
    Degi Scrap 23,300
    Deg Casting 35,700
    Ingot Moulds (Old) 22,300
    Ingot Moulds (New) 34,500
    Cut Ingot Moulds 21,200
    Open Market Rates of Finished Goods (October 17, 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 4260 4280 4280 4290 4270 4370 4430 4290
    Zindi Pass (Drawing) - - - 4280 4350 4350 4450 4450

                      Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4330

    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    4410 4410  4430     4430 4430 4450 4330
    M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4480
    4480
    4450
    4510
    4510
    4510
    4450
    4440
    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 4300 4260 4310 4380 4380 4450 - - - - -
    5 mm 4150 4260 4380 4380 4450 4480
    4380 - - -
    6 mm 4280 4340 4380 4380 4450 4480 4470 - - -
    8 mm - - 4380 4450 4450 4470 4470 - - -
    10 mm - - 4380 4450 4450 4470 4530 4470 - -
    12 mm - - 4380 4450 4130 4450 4460 - 4550

    -

    16 mm - - 4380 4450 4460 4450 4530 - - -
    M. S. Flats 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm
    3 mm 4240 4230 4240 4270 4370 4330 - -
    5 mm 4240 4230 4240 4240 4470 4530 4470 4470
    6 mm 4270 4300 4240 4240 4390 4520 4470 4470
    8 mm 4120 4240 4340 4480 4450 4470
    10 mm - - 4120 4240 4340 4470 4450 4450
    12/25 mm - - 4110 4240 4340 4470 4450 4450
    18/19 Gauge 4070 4150 4320 4240
    4340 4450 4450 4450

    [Prices at other stockyards may vary]                                          Source : Steel Town (Weekly), October 17, 2020]

    Miscellaneous

    Guyana
    (Source : High Commission of India, Georgetown) 

    EOIs for US$250 million for Housing Development

    The Government of Guyana (GoG) is embarking on a massive housing drive to support its housing development plans for the next five years. In parallel, GoG intends to transform the infrastructural landscape of Guyana with the undertaking of major urban development plans.

    With oil production started in December 2019, the Guyanese economy is poised to become one of the best performing economies in the Western Hemisphere with an optimistic projected GDP growth rate in 2020 exceeding 50 percent.

    The Government of Guyana is seeking to raise US$250 million to support its housing development plans and is seeking Expression of Interest (EOIs).

    Entities desirous of participating in this financing opportunity are invited to submit a proposed Term Sheet to the GoG showing the following:

    -Interest rate and Terms

    -Detailed term sheet clearly outlining assumptions and expectations

    -Time period to conclude financing

    -Capacity and experience of participating entity, and

    -Such other terms and conditions as may be relevant

    GoG will assess the responses to the EoI and select those parties, who will be invited to negotiate/participate in a Housing Financing Development Plan with the applicable terms and conditions being provided.

    The Executing Agency of the Government, the Ministry of Housing and Water, is inviting Financial Institutions / Agencies / Organizations etc. to submit EOIs to:

    The Permanent Secretary of Ministry of Housing and Water

    Lot 41 Brickdam and United Nations Place on or before November 30th 2020 at 14: hrs.

    All EOIs should be placed in a sealed envelope titled (“EOI Term sheet for Housing development”) and deposited by the submission deadline as stipulate.

    GoG IS NOT BOUND TO ACCEPT ANY COI OR TERMSHEET.

    For additional information, please write to the Permanent Secretary, Ministry of Housing and Water using the mentioned address or send email at ps.housing.water@gmail.com

    Any further queries of the above, please contact:

    Mr. Vijayakumar K.
    Counsellor (Com.& Dev. Projects)
    High Commission of India
    307 Church & Peter Rose Streets
    Queenstown
    Georgetown, Guyana
    Tel. : +592-2263996 & 2263240
    Fax : +592-2257012
    Mob : +592-6238071
    E-mail : com.georgetown@mea.gov.in

    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