EEPC INDIA :: Info Bulletin

Committee member of CMIA presenting flower bouquet and memento to Mr. Mahesh K. Desai, Sr. Vice Chairman, EEPC India at the Inauguration of Aurangabad (Maharashtra) Chapter and Export Awareness Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
Dr. Rajat Shrivastava, Regional Director (WR) and Director (Marketing & Sales), EEPC India is making presentation on EEPC activities and forthcoming events at the Inauguration of Aurangabad (Maharashtra) Chapter and Export Awareness Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
Mr. Giridhar Sangneria, President, CMIA, Aurangabad is presenting bouquet and memento to Mr. KVS Singh, Commissioner, GST at the Inauguration of Aurangabad (Maharashtra) Chapter and Export Awareness Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
Mr. Shivprasad Jaju, Hon Secretary, CMIA is presenting memento and flower bouquet to Mr. Vishnu Kant, Asstt. DGFT, Mumbai at the Inauguration of Aurangabad (Maharashtra) Chapter and Export Awareness Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
Mr. C P Prasad, Police Commissioner is addressing the members at the Inauguration of Aurangabad (Maharashtra) Chapter and Export Awareness Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
Mr. Prasad Kokil, Past President, CMIA is giving Vote of Thanks at the Seminar held on 18th October, 2019 in Aurangabad, Maharashtra
The Chief Guest, Mr. K V S Singh is addressing at the Seminar held on 18th October, 2019 in Aurangabad, Maharashtra

My dear fellow exporters,

Amid a gloomy economic environment, India has continued its upward march in the World Bank’s Ease of Doing Business (EODB) rankings. India has climbed 14 places, to be ranked 63 among 190 countries, in the World Bank’s Ease of Doing Business 2020 report. It was also among the top ten economies with the most notable improvement in doing business.

In 2014, India was at 142 in the World Bank’s ease of doing business list. In 2015, the government set a target of breaking into the top 50 by 2020. Since then, the rise has been consistent. Last year, the country jumped 23 places to rank 77 following economic reforms related to insolvency, taxation, and other areas.

The jump in ranking augurs well for the exporting community and enhances India’s perception as an ideal trade partner. I believe this will go a long way in boosting exports from our country and in increasing exports to USD 1 trillion in next 5 years.

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.

Thailand
(Source : Embassy of India, Bangkok)

India keen to import more Thai rubber
Bangkok Post 28.09.2019

Thailand looks set to boost shipments of agricultural products to India, in particular rubber to supply the latter`s strong automotive industry. Commerce Minister Jurin Laksanawisit, who led a delegation to Mumbai and Chennai this week, said the Commerce Ministry will hold discussions later with Indian counterparts to boost rubber trade between the two countries and tackle existing trade obstacles, especially tariffs. Mr Jurin presided over a seminar and business networking event on Friday between Thai and Indian rubber players co-hosted by the International Trade Promotion Department, the All India Rubber Industries Association and the Automotive Tyre Manufacturing Association. V T Chandhrasekharan, president of the rubber association, said Indian rubber demand averages 1.2 million tonnes a year, while the import volume was more than 500,000 tonnes this year, only 10% of which was from Thailand. India`s biggest import volume was from Indonesia, comprising 42% of total imports, followed by Vietnam at 20% and Malaysia at 11%.

Ford is hand control of India business to Mahindra
Bangkok Post 03.10.2019

The US carmaker will transfer most of its Indian business to a new joint venture controlled and managed by local rival Mahindra, it announced on Tuesday. Mahindra will own 51% of the joint venture and Ford the rest. The joint venture should be operational by the middle of 2020. It will "develop, market and distribute" Ford vehicles in India and also sell Ford and Mahindra vehicles overseas, the company said. Ford will retain control of an engine manufacturing unit in India. "Partnerships have the ability to make us more competitive and better serve customers in an era of rapid change, and this partnership is no different," Ford`s executive chairman Bill Ford told reporters. "We remain deeply committed to India and our 14,000 employees, dealers and suppliers," he added. The companies have been working together in India since 2017.

ASEAN India Ministerial Meeting
Khom Chad Luk 08.10.2019

India is moving forward its “Act East Policy” in order to enhance relations and collaboration with the nations in ASEAN in all aspects including economy, society, culture, politics, and stability. This will lead to the partnership between ASEAN and India. The Director-General of Department of ASEAN Affairs said that India is a big market with high trade opportunities and India is also the No.6 trading nation for Asean. He aims that the collaboration between India and ASEAN will drive trade value to up to 200 billion dollar in 2022.

Cabinet hope to take India to EEC
Krungthep Turakij 08.10.2019

The Cabinet has approved the draft document of the result of the 8th Thailand-India Joint Commission for Bilateral Cooperation recently. The document will be used in the signing ceremony at the 8th Thailand-India Joint Commission for Bilateral Cooperation, which will take place in New Delhi, India, on Oct 9-10. The document consists of the collaboration between the two nations in 9 areas and will push forward bilateral trade and investment. Thailand asks Indian government to support the investments in Thailand, especially in the Eastern Economic Corridor (EEC).

Indorama readies B15bn in debentures, eyes sustainability
Bangkok Post 09.10.2019

Indorama Ventures Plc plans to issue 15 billion baht in subordinated perpetual debentures. In September, Tris Ratings assigned an AA- company rating to IVL with a stable outlook and an issue rating of A with a stable outlook for the proposed subordinated perpetual debentures. The issuance will have a coupon of 5% a year paid quarterly, compared with the current policy rate of 1.50% and government bond yields of 1.40% for five years and 1.49% for 10 years. The company has appointed Bangkok Bank, Krungthai Bank, Kasikornbank and Siam Commercial Bank to manage the sale of the debentures to investors during the subscription period of Nov 4 to 7. IVL ranked 35th among global chemical companies based on total sales in 2018, according to Chemical Week, an industry publication. From 2014 to 2019, IVL increased the number of manufacturing sites to 101 in 31 countries in Asia, North America, Europe, South America and Africa.

Oyo raises $ 1.5 bn from its investors
Bangkok Post 09.10.2019019

Oyo Hotels & Homes said it’s raising $1.5 billion in fresh financing, with founder Ritesh Agarwal investing $700 million into the SoftBank-backed company. Agarwal’s investment will be routed through the Cayman Islands-registered RA Hospitality, a special purpose vehicle, and financed by the $2-2.2 billion debt he had raised from a consortium of Japanese financial institutions, including Nomura Holdings and Mizuho. This debt financing involves the 26-year-old group CEO pledging his stake in the company that he founded in 2013. Of the debt raised by Agarwal, $1.5 billion will be used to partially buy out the stakes held by two early investors in Oyo — venture capital firms Lightspeed Venture Partners and Sequoia Capital while the rest will be pumped into the company. Agarwal’s stake will rise to about 30% from 10% now.

Eyes on the summit between `India-China`
Krungthep Turakij 11.10.2019

Prime Minister Narendra Modi and Chinese President Xi Jinping will meet in Chennai on October 11 onwards for the Second Informal Summit. Huawei Technologies has been expressing its interest to create 5G system in India. The Summit might come up with the agreement for the 5G between Prime Minister Narendra Modi and Chinese President Xi Jinping. Huawei has been the main player in India smartphone market, but New Delhi government hasn’t announced the obvious standpoint toward Huawei’s 5G yet.

Georgia

(EEPC Ref. No. DB-2373)

Project	Georgia Urban Transport Enhancement Programme Project ID No. : 50842 Funding source: EBRD
DB Ref. No.	EBRD585-10/19
Issued by	Municipal Development Fund 150 David Agmashenebeli Avenue 0112, Tbilisi, Georgia (1) For TD inspection or issuance purposes : Room 405, Floor IV; (2) For TD submission or clarification purposes : Room 301, Floor III; (3) For pre-tender meeting or tender opening purposes : Room 316, Floor III; Attn. : Mr. George Shengelia, Executive director Tel. : +995 32 2437001/02/03/04 Fax: +995 32 2437077 E-mail : procurement@mdf.org.ge Website : www.mdf.org.ge
Bid No.	9526-IFT-50842
For	Procurement of city buses and related services : - Lot 1 : Supply of 8.5m low entry city diesel buses (Contract No. EBRD/GUTEP/G/01-2019-L1), including 117 buses, spare-parts, workshop equipment and tools. Delivery conditions : DAP (Telavi, Gori, Kutaisi, Poti, Zugdidi); - Lot 2 : supply of 10m low floor city diesel buses (Contract No. EBRD/GUTEP/G/01-2019-L2), including 58 buses, spare-parts, workshop equipment and tools. Delivery conditions : DAP (Rustavi, Gori, Kutaisi).
Tender cost	Tender Document may be obtained free of charge.
Bid Security	Tender Security in the following amount in EUR or its equivalent in another convertible currency or Georgian Lari at the exchange rate of the National Bank of Georgia on the date of issuance : Lot 1 : EUR 250,000 (two hundred fifty thousand); Lot 2 : EUR 150,000 (one hundred fifty thousand).
Bid deadline	05.12.2019

Iraq

(EEPC Ref. No. MEED-2763)

Tender No.	1244/2019
Tender for	Valves and fittings
Tender details	Supply of valves and fittings.
Bid bond	$ 1,400
Performance bond	5 per cent of contract price
Cost of tender documents	ID 250,000
Miscellaneous	The estimated cost is $ 48,000
Closing date	*19.11.2019*
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

Jordan

(EEPC Ref. No. MEED-2765)

Tender No.	IFB-201902126/MK
Tender for	Buses
Tender details	Supply of four 23-seat passenger buses.
Bid bond	JD 10,000
Cost of tender documents	JD 58
Closing date	*10.11.2019*
Issued by	Arab Potash Company Al-Jahez Street, Shmeisani Amman, Jordan Tel. : (9626) 5200520 Fax : (9626) 5200295 Website : www.arabpotash.com

Kuwait

(EEPC Ref. No. MEED-2767)

Tender No.	MEW/7243/2016
Tender for	Overhead line current cut-outs
Tender details	Supply of current cut-outs for 11kV overhead lines.
Bid bond	KD 23,000
Cost of tender documents	KD 1,000
Closing date	*24.11.2019*
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

(EEPC Ref. No. MEED-2769)

Tender No.	MEW/6/2018/2019
Tender for	Pilot cables
Tender details	Supply, testing, fault detection, repair, extension, installation and maintenance of pilot cables for 11kV medium-tension network and carrying out related civil works in the Ahmadi and Mubarak al-Kabir governorates.
Bid bond	KD 23,000
Cost of tender documents	KD 1,000
Closing date	*24.11.2019*
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

United Arab Emirates

(EEPC Ref. No. MEED-2771)

Tender No.	RFX-2121900130
Tender for	Evaporator tube bundles
Tender details	Supply and installation of HP evaporator tube bundles in a waste heat recovery boiler (WHRB) at the D repowering station in Jebel Ali.
Bid bond	5 per cent of tender price
Cost of tender documents	AED 210
Closing date	*21.11.2019*
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

Steel Market Current Report

Mandi Gobindgarh
Open Market Rates of Rerollables (October 26, 2019)

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

(Rate Rs. per Tonne)

Ingot
Arc/Ind. Furnace
Round quality (21x25)	28,200
Structural quality (28x30)	28,200
Low carbon (12x16)	-
Semi low carbon (18x21)	28,700
5x6 Girder quality (25x30)	-
Runners/Risers	28,700
Bones/Clean	-

Billets & Squares
50x50x63x63x65x65 mm MS	-
75x75x80x80x90x90 mm MS	29,800
100x100 mm MS	29,800
125x125 mm MS/ Concast	-
100x100 mm Concast-Billets	29,800
100x100 Concast-SAIL DSP	29,400
H.C. Billet SAIL 150x150 mm)	-
H.C. Billet-Tisco 75x75 mm)	-

Blooms
Above 251 mm Bloom (HC)	29,350
Above 251 mm Bloom (MS)	28,350
(DSP) Bloom 160x250 mm	28,450
130/135/140 mm (Tisco) MS	-
150x150 mm Concast (DSP)	28,450
150x150 mm MS (SAIL)	28,450
Bloom Cut into pcs. (MS)	28,350
Bloom Cut into pcs. (Medium)	28,350
Bloom Cut into (Patra Pass)	28,450

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

Rails
Untested Rail - 75 lbs.	25,800
Untested Rail - 90 lbs.	25,400
Untested Rail - 105 lbs.	25,900
Rej. Wheel (Big)	-
Rej. Wheel (Small)	26,400
Cut Tyre (Big)	31,800
Cut Tyre (Small)	26,800

Melting Scrap (F.O.R.)
Fresh Scrap (Rolling Mill End)	26,150
Old Scrap (Godown)	22,000
Turning	21,400
Tin Tapper	22,900
Sponge Iron	22,400

Pig Iron (F.O.R.)
Foundry Grade	30,000
Steel Grade	26,700
C.I. Turning	13,400
Degi Scrap	21,400
Deg Casting	30,700
Ingot Moulds (Old)	21,700
Ingot Moulds (New)	31,800
Cut Ingot Moulds	19,500

Open Market Rates of Finished Goods (October 26, 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	4180	4160	4170	4200	4170	4170	4350	4510
Zindi Pass (Drawing)	-	-	-	4190	4160	4060	4350	4370

Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4180

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	4320	4360	4360	4360	4360	4390	4390

M. S. Squares	4 mm	5 mm	6 mm	8 mm	10 mm	12 mm	16/20 mm	22/25 mm
Mild	4410	4410	4380	4440	4440	4450	4400	4370

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	4230	4210	4320	4310	4430	4360	-	-	-	-	-
5 mm	–	4260	4260	4310	4430	4400	4410	4410	-	-	-
6 mm	–	4250	4240	4410	4430	4400	4410	4410	-	-	-
8 mm	-	-	-	4280	4280	4400	4380	4380	-	-	-
10 mm	–	-	-	4280	4280	4400	4380	4450	4450	-	-
12 mm	–	-	-	4280	4280	4400	4380	4450	-	4480	-
16 mm	–	-	-	4280	4280	4400	4380	4450	-	-	-

M. S. Flats	20 mm	25 mm	32 mm	40 mm	50 mm	65 mm	75 mm	100 mm
3 mm	4150	4160	4260	4200	4310	4310	-	-
5 mm	4140	4160	4160	4140	4310	4400	4400	4400
6 mm	4130	4150	4160	4140	4310	4410	4400	4400
8 mm	-	-	4040	4160	4270	4370	4370	4380
10 mm	-	-	4040	4170	4270	4370	4370	4370
12/25 mm	-	-	4040	4170	4270	4370	4170	4390
18/19 Gauge	4120	4100	4150	4170	4270	4370	4370	4390

[Prices at other stockyards may vary] Source : Steel Town (Weekly), October 26, 2019]

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

Project	Rural Enterprises Programme (REP) Loan No. : 2100150028993 Loan / Grant from the African Development Bank (AfDB)
DB Ref. No.	AfDB1460-10/19
Issued by	National Director Rural Enterprises Programme (REP) P. O. Box : 6841 Kumasi, Ghana Tel. : 03220 24232/28766 Fax : 233 03220 28767 Email: rep@ruentp.org
Bid No.	MOTI/REP/ICB/2019/03
For	Supply, Delivery and Installation of Factory Equipment for five (5) Common User Facilities (CUFs) at different locations.
Tender cost	Non-refundable fee of One hundred US Dollars (US$ 100) or five hundred Ghana Cedis (GHC 500.00).
Bid deadline	*04.12.2019*
Source	UN Development Business Website

Tender No.	1282/2019
Tender for	Pipes and fittings
Tender details	Supply of pipes and fittings.
Bid bond	$ 1,600
Performance bond	5 per cent of contract price
Cost of tender documents	ID 250,000
Miscellaneous	The estimated cost is $ 55,500
Closing date	*19.11.2019*
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.	17/2019/2020
Tender for	Machinery O&M
Tender details	Repair, operation and maintenance (O&M) of split system air machines, central air-conditioning and heating system machines with accessories for Kuwait Fire Service Directorate utilities for a three-year period.
Bid bond	KD 3,500
Cost of tender documents	KD 150
Closing date	*21.01.2020*
Issued by	Central Tenders Committee Kuwait Fire Service Directorate P. O. Box 1070 Safat 13011, Kuwait Tel. : (965) 2401200 Fax: (965) 2416574 E-mail: info@ctc.gov.kw Website :www.ctc.gov.kw; www.capt.gov.kw

Tender No.	MEW/5/2018/2019
Tender for	Overhead lines
Tender details	Repair and installation of 11kV medium-tension overhead lines, and provision of low-tension and related civil works in South Kuwait.
Bid bond	KD 45,000
Cost of tender documents	KD 1,000
Closing date	*24.11.2019*
Issued by	Central Tenders Committee Electricity & Water Ministry P. O. Box 1070 Safat 13011, Kuwait Tel. : (965) 2401200 Fax: (965) 2416574 E-mail: info@ctc.gov.kw Website :www.ctc.gov.kw; www.capt.gov.kw

Tender No.	RFQ-2065851
Tender for	Metal bars
Tender details	Supply of metal bars for a three-year period.
Bid bond	KD 2,500
Cost of tender documents	KD 150
Closing date	*13.01.2020*
Issued by	Kuwait Oil Company P. O. Box 9758 Ahmadi 61008, Kuwait Tel. : (965) 23989111 Fax : (965) 23983661 E-mail : kocinfo@kockw.com Website : www.kockw.com