Kia Seltos SUV Exports to Start End of September

 Korean automaker KIA Motors would start exports of a mid-size sports utility vehicle (SUV) ‘Seltos’ later this month, a top official said. The company will look for a chance to ship at around 500 units to mid-South America to start with and later to the Middle East and South Asian markets , KIA Motors Chief Operating Officer Jong Soo Kim said.
As part of shipping, it’s vehicles, Glovis India Anantpur Pvt Ltd Managing Director Jim Young Kim swaped documents with Chennai Port Trust Traffic Manager M S Balani in the presence of top officials of KIA Motors and Chennai Port. Glovis India Anantpur Pvt Ltd is the logistics service provider of KIA Motors.
P Raveendran , the Chennai Port Trust Chairman said,  the first shipment of KIA Motors was expected to begin by September 20. He said the Port under the memorandum of understanding signed, would grant tailor made facilities and concessional benefits for the export of vehicles to KIA Motors. 
The deal would be valid till 2029 and KIA Motors would exclusively use Chennai Port for exports of vehicles, he said. KIA Motors India COO Jong Soo Kim said the company would see to gradually increase the shipment from the Chennai Port Trust.
Chairman P Raveendran said Hyundai Motor India has been shipping its cars from the port since 2005 and they have revived the agreement till 2028. The port was providing reduced commercial charges based on the export volume committed by KIA Motors, he said. To a question on the handling of cars at the port, he said till August the Port shipped 79,530 cars as against 52,948 cars shipped last financial year. “The export of KIA Motors from Chennai Port Trust is expected to boost.
The port has taken up various measures to clear the congestion inside the port area; he said a Coastal berth measuring 260 metres in length has been constructed with sufficient back-up. “Bunkering berth is under construction and should be ready by March 2020,” he said.

FIEO’s Forthcoming Events International PARTICIPATION IN 10TH INTERNATIONAL ADDIS BUILD & POWER FROM 9-12 OCTOBER, 2019 IN ADDIS ABABA, ETHIOPIA on Self-financing

https://www.eximbankindia.in/

INVITING PARTICIPATION IN 10thINTERNATIONAL ADDIS BUILD & POWER
(CONSTRUCTION, STEEL, CONSTRUCTION MATERIALS & INFRASTRUCTURE EXHIBITION FROM 9-12 OCTOBER, 2019 IN ADDIS ABABA, ETHIOPIA
(BUILDING TODAY FOR THE FUTURE ETHIOPIA) 
Limited Booths Available
We are pleased to inform you that FIEO is organising participation in 10TH Addis Build & Power (International Construction, Steel, Construction Materials & Infrastructure Exhibition) to be held from 9th to 12th October, 2019 in Addis Ababa, Ethiopia.
 PARTICIPATION BOOTH FEE:
9 SQM BOOTH (Shell Scheme) = INR 1,60,000/-
Booth Fees includes Standard built up stall of 9 sq.mtr fascia name panel, 1 table, 3 chairs,electrical supply socket, 1 waste basket, 1 spot light per 3 m²
Please note that, this participation fee does not include airfare, hotel stay, sending display material & other related expenditure which are to be borne bycompanies
 ABOUT EXHIBITION 
10th INTERNATIONAL ADDIS BUILD & POWER is o­ne of the leading trade shows/exhibitions in Ethiopia to boost the presence of Indian companies in the most promising Ethiopian market in the areas of construction, steel, construction materials & Infrastructure. 
POST SHOW REPORT
The 9th Edition of the Addis Build & Power has achieved to gather more professional visitors and organized o­n a larger area in 2018 and most importantly made its exhibitors delighted with the business potential generated under its roof. In 2018, exhibitors from over 11 countries (India, Turkey, Ethiopia, USA, Germany, France, Spain, Egypt, Israel, Kenya & Serbia) participated in the event. The event had more than 8000 trade visitors.
EXHIBIT CATEGORIES:
The “India Pavilion” will showcase the following categories:  
Building & Construction Material, Mining Equipment, Machinery, Electrical Safety & Security Lighting, Woodworking Aluminium & Steel Products, Air Conditioning, Fasteners & Fittings, Tools & Hardware, Water Technology, Stone & Tiles Pipe & Fittings Glass, Sanitary ware , Bathroom & Buildings Pumps & Motors, Generators etc.
 VISITORS PROFILE:
ØGovernment Associates
ØArchitects & Interior Designers
ØBusiness People
ØCivil, Mechanical, & Electrical Engineers
ØConstruction Material & Equipment Purchasing Managers
ØConstruction Project Managers
ØConstruction Material Wholesalers & Distributors
ØDistributors & Agents
ØFinanciers
ØHigh-Profile Investors
ØInvestors
ØManufacturers
ØReal Estate Developers
VISAFIEO will issue visa recommendation letter to the participants (maximum two officials per company.
CANCELLATION POLICY- No request for cancellation or refund will be entertained. 
Since there are limited booths available, it will be allotted o­n first come first served basis. You are requested to send us the enclosed Registration form duly filled in along with the full payment to confirm your participation latest by 13th September 2019 so as to include your company in the International Catalogue Exhibitors’ list . Payment may also be done through NEFT/RTGS, details
RTGS/NEFT Payment: Axis Bank
Bank Name
Axis Bank Ltd.
Bank Address
29 CC Basant Lok Complex, Vasant Vihar, New Delhi-110057
Bank A/c
FIEO
Account No.
473010100060914
MICR Code
110211041
IFSC
UTIB0000473
INVITING PARTICIPATION IN 10th INTERNATIONAL ADDIS BUILD (CONSTRUCTION, STEEL, CONSTRUCTION MATERIALS & INFRASTRUCTURE EXHIBITION (9-12 OCTOBER, 2019 IN ADDIS ABABA, ETHIOPIA) FROM 9:00 AM TO 6:00 PM
[ Register for this Event ] From 09/10/2019 till 12/10/2019 at Bole, Millennium Hall-II, Addis Ababa, Ethiopia
Capacity: 10
Venue
Bole, Millennium Hall-II, Addis Ababa, Ethiopia  
Event
  
  
Contact for participation
Contact Name: Nirmala Tete, Joint Director, Sunil Dutt, Assistant Director   
Contact Number: 91-11-46042161/46042147 M: 9911137999  
Contact Fax:   
Contact Email: nirmalatete@fieo.org; sunildutt@fieo.org  
Contact Address: FEDERATION OF INDIAN EXPORT ORGANISATIONS (FIEO) 4TH FLOOR, NIRYAT BHAWAN, RAO TULA RAM MARG, OPP. ARMY HOSPITAL, RESEARCH & REFERRAL, NEW DELHI-110057  
Download Event Schedule
Price per Delegate:
For FIEO Members: 160000.00
For Non-Members: 160000.00[ Register for this Event ]

Coffee exports turn sluggish in the second half of the year Read more at: //economictimes.indiatimes.com/articleshow/71234327.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KOCHI: Supply crunch, uncertain crop prospects and competitive prices are forcing Indian coffee exporters to go slow on shipments in the second half of the year.

According to Coffee Board data, coffee exports from the beginning of January to September 18 at 276573 tonnes show a marginal increase which the exporters attribute to higher shipments in the first few months.

The decline started after June with thinning arrivals. The trend may continue for the next few months till the new harvest happens by December,’’ said Ramesh Rajah, president of Coffee Exporters Association.

Any disruption in supply could affect export prospects of the country because of increasing competition from countries such as Vietnam, the second largest coffee producer, he said. Glut and lower prices had led to a 10% fall in Indian coffee exports in 2018.

Any disruption in supply could affect export prospects of the country because of increasing competition from countries such as Vietnam, the second largest coffee producer, he said. Glut and lower prices had led to a 10% fall in Indian coffee exports in 2018.

“In the last two months, arrivals have dwindled. The growers could be holding back, expecting a higher price,’’ said MP Devaiah, general manager at Allanasons, an exporter.
India’s exports mostly comprise robusta beans which command a premium in the global market because of superior quality. “But if we consistently fail in meeting export commitments, then top buyers like Italy may shift to other sources like Vietnam which is selling at a cheaper rate than us,’’ Rajah said. As the extent of damage from heavy rains on the next crop is yet to be assessed, exporters are hesitant to enter new contracts.


ICC has launched Incoterms® 2020, the newest edition of the renowned trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere

ICC has launched Incoterms® 2020, the newest edition of the renowned trade terms for the sale of goods, providing certainty and clarity to business and traders everywhere.

The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted definitions and rules related to the delivery of goods between trading parners worldwide. Since then, ICC has periodically revised the Incoterms® rules to reflect changes in the international trade system. The 2020 edition launches during the organisation’s Centenary year.
More accessible and easier to use, Incoterms® 2020 includes more detailed explanatory notes with enhanced graphics to illustrate the responsibilities of importers and exporters for each Incoterms® rule. The introduction to Incoterms® 2020 also includes a more detailed explanation on how to choose the most appropriate Incoterms® rule for a given transaction, or how a sales contract interacts with ancillary contracts.
  • Incoterms® 2020 provides for demonstrated market need in relation to bills of lading (BL) with an on-board notation and the Free Carrier (FCA) Incoterms® rule.
  • Incoterms® 2020 aligns different levels of insurance coverage in Cost Insurance and Freight (CIF) and Carriage and Insurance Paid To (CIP).
  • Incoterms® 2020 includes arrangements for carriage with own means of transport in FCA, Delivery at Place (DAP), Delivery at Place Unloaded (DPU), and Delivered Duty Paid (DDP).
  • There is a change in the three-letter name for Delivered at Terminal (DAT) to DPU.
  • Incoterms® 2020 includes security-related requirements within carriage obligations and costs.
On the release of Incoterms® 2020, ICC Secretary General John W.H. Denton AO said:
“Incoterms® 2020 rules make business work for everyone by facilitating trillions of dollars in global trade annually. Because they help importers and exporters around the world to understand their responsibilities and avoid costly misunderstandings, the rules form the language of international sales transactions, and help build confidence in our valuable global trading system.”
In line with ICC’s commitment to make technology work for all, access to essential information of the rules will be made easier than ever via a dedicated Incoterms® 2020 mobile application, which includes a wide variety of informative features, including latest news updates, event information and training opportunities.
ICC dedicated training sessions help ensure that the Incoterms® rules are appropriately applied. The ICC Academy, ICC’s dedicated e-learning platform, is offering Incoterms® 2020 training courses, as well as the Incoterms® 2020 Certificate. The online training includes interactive case studies that allow trainees to apply their understanding of the Incoterms® rules by simulating real-life work scenarios. The course content was written by leading experts to ensure consistency with ICC’s standards of excellence.
Incoterms® 2020 is available for purchase through ICC’s e-commerce platform: https://2go.iccwbo.org/. The 2020 edition is available in no fewer than 29 languages — from Estonian to Pashto with ICC’s worldwide network of offices offering translated versions, as well as training sessions and events, to benefit the understanding of users around the world.

ICC WBO

✔@iccwbo

has arrived! @ICCSecGen John W.H. Denton AO highlights what this term update means for worldwide.

Learn more ➡️ http://bit.ly/2lLYV3C 

India Participation in CAMBUILD 2019

India Participation in CAMBUILD 2019
(18-20 September, 2019 at Phnom Penh, Cambodia) 
(Only Limited Booths under subsidized cost with Airfare reimbursement)
Dear Sir (s),
We may like to inform you that Federation of Indian Export Organisations (FIEO) is organizing ‘India Pavilion’ in ‘CAMBUILD 2019 as per the following details:
Dates:September 18-20, 2019 (Wednesday- Friday)
Venue:DIECC (KOH PICH), Phnom Penh, Cambodia
India-Cambodia trade has been growing steadily in the last few years. The total trade between India and Cambodia stood at US$177.24 million in 2017-18, which indicated a 25% increase over the corresponding figure for 2016-17 (total trade US $ 141 million). Of this, exports from India were US $121.41 million and the imports from Cambodia were US $ 55.84 million.
Also, in a report issued by the Ministry of Land Management, Urban Planning and Construction, the Ministry granted licenses to more than a 1000 construction projects and has attracted a total investment of US $ 2.15 Bn, in the first half of 2018 alone. As the sixth fastest growing economy in the world, Cambodia’s real GDP is forecasted to increase 6.7% more in 2019 as compared to the previous year.
Exhibit Profile:
Building & Construction
Construction Machinery & Equipment
Kitchen & Bathrooms
M & E Equipment & Technology like Air-Conditioning, Life, Electricals etc.
Renewable Energy & Energy Efficiency
Environment/ Water Conservation & Management
Landscaping & Exterior
Event Profile:
CAMBUILD 2019- Cambodia’s biggest International Building, Construction and M & E event is back for its 9th edition at the Diamond Island Exhibition & Convention Centre from 18-20 September 2019, to meet the Kingdom’s growing demand for innovative technology, equipment and supplies, in line with the building and construction sector’s rapid expansion. Featuring more than 300 companies and brands with Pavilions from China, India, Singapore, Italy, Malaysia, Taiwan Thailand and Korea, this Event is truly an international stage for exhibitors to expand their business in Cambodia. 
Cambuild is also backed up by Key Government & Industry support- Board of Architects, Cambodia, Ministry of Commerce Cambodia, Ministry of Land Management, Urban Planning & Construction, Ministry of Mines & Energy, Phnom Penh Water Supply Authority.
Post Show Report:
Cambuild in the last editions provided an outstanding platform for businesses to connect and transact in a face to face environment wherein more than 9000 professional visitors visited to more than 340 booths from different countries.
Participation Charges:
The event is approved under Market Access Initiative (MAI) of the Ministry of Commerce & Industry, Govt. of India. The subsidized participation fees will be:
9 Sqm booth (Shell Scheme) =INR 1,40,000/- 
Rs. 10000/- Extra for Corner subject to availability
Participation Fees includes Standard built up stall of 9 Square Meters, having Spotlights, Fascia-sign, 1 Counter and 1 Chair, 1 waste paper bin
Please note that, this fee does not include airfare, hotel expenditure, sending display material and other related expenditure which are to be borne by the companies
Note:
1)As per DOC, a company can avail MAI assistance upto a maximum of three times (including past cases) for a particular event. Thereafter they shall not be eligible for the subsidized participation fee.
2)As per guidelines, a company can avail MAI subsidy for maximum two MAI events in a same financial year either from FIEO/ any Councils or grantee organizations.
Visa:
FIEO will issue the visa recommendation letter to the participants.
AIRFARE REIMBURSEMENT:
Eligible companies will be entitled for reimbursement of economy class Airfare o­n submission of documents after the completion of the event. Air Ticket per person will be reimbursed to regular Director / Partner / Proprietor of the company. The amount of reimbursement shall be subject to the approval and quantum of funds approved by the Ministry for the said event. 
Refund Policy
The participation charges are non-refundable in any case.
Interested members are requested to kindly send us their confirmation as per the Registration Form enclosed along with the participation fee (Non-Refundable). The payment may be made by Demand Draft/RTGS in the name of Federation of Indian Export Organisations payable at New Delhi latest by 15thJuly, 2019. It may be informed that we have limited stalls and preference will be given o­n the basis of first-cum-first- served basis and o­n receipt of full participation fee. FIEO reserves the right to select the participants. Interested companies can also remit the participation fee o­nline by clicking o­n the following link: www.fieo.org
Details for RTGS/NEFT Payment: Axis Bank
Bank Name
Axis Bank Ltd.
Bank Address
29 CC Basant Lok Complex, Vasant Vihar, New Delhi-110057
Bank A/c
FIEO
Account No.
473010100060914
MICR Code
110211041
IFSC
UTIB0000473
In case of any further details/queries, you may contact FIEO at 011-46042118/44 or by e-mail atashishjain@fieo.org; mohithans@fieo.org.
Thanking you,
                                                                                                     Yours faithfully,
                                                                                       
                                                         (DR. AJAY SAHAI)
Director General & CEO
                                                                                             
India Participation in CAMBUILD 2019, Phnom Penh, Cambodia (18-20 September, 2019) With Air-fare Subsidy
[ Register for this Event ] From 18/09/2019 till 20/09/2019 at DIECC (KOH PICH), Phnom Penh, Cambodia
Capacity: 30
Venue
DIECC (KOH PICH), Phnom Penh, Cambodia  
Event
CAMBUILD 2019- Cambodia’s biggest International Building, Construction and M & E event is back for its 9th edition at the Diamond Island Exhibition & Convention Centre from 18-20 September 2019, to meet the Kingdom’s growing demand for innovative technology, equipment and supplies, in line with the building and construction sector’s rapid expansion. Featuring more than 300 companies and brands with Pavilions from China, India, Singapore, Italy, Malaysia, Taiwan Thailand and Korea, this Event is truly an international stage for exhibitors to expand their business in Cambodia. Cambuild is also backed up by Key Government & Industry support- Board of Architects, Cambodia, Ministry of Commerce Cambodia, Ministry of Land Management, Urban Planning & Construction, Ministry of Mines & Energy, Phnom Penh Water Supply Authority.   
  
Contact for participation
Contact Name: ASHISH JAIN;MOHIT HANS  
Contact Number: 01146042118/44  
Contact Fax: 011-26148194  
Contact Email: ashishjain@fieo.org, mohithans@fieo.org  
Contact Address: NIRYAT BHAWAN RAO TULA RAM MARG OPP ARMY HOSPITAL R& R, NEW DELHI  

Budget a road map for New India based on inclusive growth: Sharad Kumar Saraf, President, FIEO

 
 
 
Press Releases
Budget a road map for New India based on inclusive growth: Sharad Kumar Saraf, President, FIEO

FIEO/PUB/PR/31/19
July 05, 2019
Budget a road map for New India based on inclusive growth: Sharad Kumar Saraf, President, FIEO


Commenting on the Union Budget, Mr Sharad Kumar Saraf, President, FIEO said that the budget announcements are aimed at transforming India to usher in US$ 5 trillion economy and make the country the best place for Ease of Living and Ease of Business. The budget addresses, observe Mr Saraf, some of the basic challenges faced by manufacturing as well as exports including flow of credit, infrastructure bottlenecks, labour laws, skilling, etc.
The export credit declined by 22% as on 31st December, 2018 compared to the same period in 2017. Rs.70,000 crore allocated to PSU banks will ease the flow of credit. The interest subvention of 2% given to MSME as well as payment platform for bill filing for MSME will help in flow of credit at competitive cost. The investment of Rs.100 lakh crore in infrastructure in next 5 years through Bharatmala, Sagarmala, Jal Marg Vikas Project will help in improving logistics, reducing transportation cost and increasing competitiveness. The PMMSY for the robust fisheries management framework will give a push to marine exports from the country in which India has emerged as the largest exporter though huge untapped potential still exists. The support given to GI products and artisans to showcase in global markets will provide much needed exposure to them paving the way for further exports. Focus on clusters in Bamboo, Honey and Khadi will not only create huge employment opportunity but will also give a push to their exports. The identification of 17 iconic tourism sites will give a push to tourism exports in the country.
The emphasis on digitalization and faceless assessment will go a long way in ensuring objectivity, transparency and speed, said Mr Saraf.
However, President, FIEO said that Government may look into extending reduction in Corporate Tax to all companies irrespective of turnover so as to attract overseas investment waiting on the fringes both in US and China though enjoying much lower Corporate Tax in their respective countries.
 
  Copyright © Federation of Indian Export Organisations    

Decline in exports reflects worsening global economic conditions: Sharad Kumar Saraf, President, FIEO

 
 
 
Press Releases
Decline in exports reflects worsening global economic conditions: Sharad Kumar Saraf, President, FIEO

FIEO/PUB/PR/32/19

July 15, 2019
Decline in exports reflects worsening global economic conditions: Sharad Kumar Saraf, President, FIEO

Reacting to the sliding merchandise exports growth during June, 2019, FIEO President, Mr Sharad Kumar Saraf said that such a de-growth in exports is a reflection of sluggish global demand and rising tariff war. The high exports base of June 2018 contributed in no less measure. The softening of crude and steel prices also pulled down exports.

FIEO Chief is of the view that due to US-China Trade war and developments in Iran further aggravated the problem of the world economy. The uncertainty attached to it will also affect the flow of investment and add to currency volatility.

Only 9 out of 30 major product groups were in positive territory during June 2019 including some plantation and agri sector, iron ore, ceramic products & glassware, drugs & pharma, electronic goods and jute manufacturing including floor covering. Rest all major sector of exports including almost all labour-intensive sector exports besides petroleum for first time in recent times were in the negative with such a decelerating trend.
Mr Saraf said that domestic issues including access to credit, cost of credit especially for merchant exporters, interest equalization support to all agri exports, benefits on sales to foreign tourists and quick refund of GST should be seriously looked into.
 
  Copyright © Federation of Indian Export Organisations    

FIEO’s Forthcoming Events Domestic at varanasi

FIEO’s Forthcoming Events Domestic
AT (VARANASI) Interactive Session on Suggestions & Review of New Foreign Trade Policy on 16TH July 2019
We are pleased to inform you that Federation of Indian Export Organizations (FIEO) & DGFT-Varanasi with the support of EUPEA, IACC & CEPC are jointly organizing Interactive Session on Suggestion & Review of Foreign Trade Policy on Promotion of Handicrafts under Niryat Bandhu at Varanasi on 16-07-2019. 
Day & Date
TUESDAY, 16TH JULY 2019
Time
5.30 PM to 8.30 pm (followed by DINNER)
Venue
BANQUET OF KLG SMRITI BHAWAN, RATHYATRA, VARANASI
 Participation Fee
Nil, but Prior Registration is mandatory
State of Uttar Pradesh particularly Varanasi Region has been identified as MSME cluster for Handicraft items (Glass Beads, Stone Carving, Meenakari etc), Handloom items with modern Technology of electronic Jacquard, power looms, carpet, silk items etc play an important role in India’s exports and employment generation. The Session will also address various concerns/doubts/issues relating to Foreign Trade Policy
Expert Speaker on the subject shall be delivered detailed presentation, FIEO shall invite officers from Department of MSME & Export Promotion, ECGC, shall also be present during the seminar for interaction. 
AT (VARANASI) Interactive Session on Suggestions & Review of New Foreign Trade Policy on 16TH July 2019
[ Register for this Event ] On 16/07/2019 at BANQUET OF KLG SMRITI BHAWAN, RATHYATRA, VARANASI
Capacity: 60
Venue
BANQUET OF KLG SMRITI BHAWAN, RATHYATRA, VARANASI   
Event
  
  
Contact for participation
Contact Name: ALOK SRIVASTAVA  
Contact Number: 0512-2534823  
Contact Fax: 0512-2534823  
Contact Email: fieokanpur@gmail.com  
Contact Address: FEDERATION OF INDIAN EXPORT ORGANISATION 14/76, CIVIL LINES, KANPUR-208001  
Price per Delegate:
For FIEO Members: 0.00
For Non-Members: 0.00[ Register for this Event ]
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