2. COUNTRY SPECIFIC INFORMATION ONCOUNTRY SPECIFIC INFORMATION ON
REPUBLIC OF INDIAREPUBLIC OF INDIA
PRESENTATION BYPRESENTATION BY
Mr. PANKAJ SHAHMr. PANKAJ SHAH
HON. SECRETARYHON. SECRETARY
FEDERATION OF FREIGHT FORWARDERSFEDERATION OF FREIGHT FORWARDERS’’
ASSOCIATIONS IN INDIAASSOCIATIONS IN INDIA
3. IMPACT ON INDIAN ECONOMYIMPACT ON INDIAN ECONOMY
Indian economy was not totally dependedIndian economy was not totally depended
on exporton export--led growthled growth..
Strong Banking sector not overly exposedStrong Banking sector not overly exposed
to subto sub--prime crisis.prime crisis.
Foreign exchange reserves remained atForeign exchange reserves remained at
110% of total external debt at the end of110% of total external debt at the end of
December, 2008.December, 2008.
IndiaIndia’’s exports reduced by 33% and imports exports reduced by 33% and import
by 20% in the last quarter of the year.by 20% in the last quarter of the year.
4. Nations GDP Grows by 6.7% inNations GDP Grows by 6.7% in
20082008--20092009
0
1
2
3
4
5
6
7
8
9
10
2003-
04
2004-
05
2005-
06
2006-
07
2007-
08
2008-
09
2009-
10
8.5%8.5% 7.5%7.5% 9.5%9.5% 9.7%9.7% 9.0%9.0% 6.7%6.7%GDPGDP 7.5% Expected7.5% Expected
Inflation rate 0.61% on 2009,May 16th.Inflation rate 0.61% on 2009,May 16th.
5. PRIMARILY AFFECTED SECTORSPRIMARILY AFFECTED SECTORS
INFORMATION TECHNOLOGY &INFORMATION TECHNOLOGY &
SOFTWARESOFTWARE –– 75% IS EXPORTS.75% IS EXPORTS.
GEMS & JEWELLERYGEMS & JEWELLERY –– 300, 000 JOBS300, 000 JOBS
WERE LOST IN NOVEMBER, 2008WERE LOST IN NOVEMBER, 2008
TEXTILES & HOSIERY.TEXTILES & HOSIERY.
7. FEDERAL SUPPORTFEDERAL SUPPORT
Firm on economic commitments.Firm on economic commitments.
To implement long pendingTo implement long pending
reforms.reforms.
To revisit infra projects.To revisit infra projects.
Interest rates slashed.Interest rates slashed.
World bank to invest 1 bn USD inWorld bank to invest 1 bn USD in
infra.infra.
14. INLAND CONTAINER DEPOTsINLAND CONTAINER DEPOTs
Large number of ICDs are functioningLarge number of ICDs are functioning
throughout the country.throughout the country.
In JNPT Customs area alone there are moreIn JNPT Customs area alone there are more
than 26 CFS and few more are underthan 26 CFS and few more are under
implementation.implementation.
Many ICDs under clearance throughout theMany ICDs under clearance throughout the
nation.nation.
Large number of container yards for storageLarge number of container yards for storage
are mushrooming all over India.are mushrooming all over India.
16. BRAND INDIABRAND INDIA
The largest railway network next to Russia.The largest railway network next to Russia.
South Asia's biggest sea port KrishnapattnamSouth Asia's biggest sea port Krishnapattnam
commissionedcommissioned-- 11stst
phase.phase.
Double stack container rake introducedDouble stack container rake introduced
connecting port pipavav.connecting port pipavav.
Logistics hub commissioned at NagpurLogistics hub commissioned at Nagpur
The first Air cargo hub commissioned atThe first Air cargo hub commissioned at NagpurNagpur
in 2008.in 2008.
17. SIMPLIFIED OPERATIONSSIMPLIFIED OPERATIONS
GENERALGENERAL
Implementation of VAT.Implementation of VAT.
Modernised banking system.Modernised banking system.
Extremely efficient & cost effectiveExtremely efficient & cost effective
communication system.communication system.
DeDe-- regulations to simplify the hurdles facedregulations to simplify the hurdles faced
at different sectors.at different sectors.
Privatization in Indian railways.Privatization in Indian railways.
Indian Railways turned from bulkIndian Railways turned from bulk
transporter to multitransporter to multi--modal transporter.modal transporter.
18. INDIAN CUSTOMSINDIAN CUSTOMS
Border barriers are turning as facilitators.Border barriers are turning as facilitators.
Risk Management System introduced.Risk Management System introduced.
Accredited Client Programme implemented.Accredited Client Programme implemented.
Customs documentation filing on line.Customs documentation filing on line.
EDI / ICEGATE available on online.EDI / ICEGATE available on online.
Regulatory transactions like, ImportRegulatory transactions like, Import-- ExportExport
License issuance etc. available on line.License issuance etc. available on line.
19. IMPORT CLEARANCEIMPORT CLEARANCE
SCRUTINYSCRUTINY
•• Bill of EntryBill of Entry
•• InvoiceInvoice
•• Packing ListPacking List
•• Bill of LadingBill of Lading
•• Insurance PolicyInsurance Policy
•• Certificate of OriginCertificate of Origin
•• Indent i.e. Order confirmation by supplierIndent i.e. Order confirmation by supplier
•• Acceptance i.e. Order confirmation by supplierAcceptance i.e. Order confirmation by supplier
•• Literature of the product if neededLiterature of the product if needed
•• Catalogue of the goods if neededCatalogue of the goods if needed
•• Import License or OGL declarationImport License or OGL declaration
•• Amount of commission paid / not paid certificateAmount of commission paid / not paid certificate
INSTANT CLEARANCE OF CARGO IN NORMAL CONDITIONS.INSTANT CLEARANCE OF CARGO IN NORMAL CONDITIONS.
20. REGULATORY NORMSREGULATORY NORMS
Shipping Trade Practice Act under promulgation.Shipping Trade Practice Act under promulgation.
An achievement by FFFAIAn achievement by FFFAI
Handling of Cargo in Custom Areas Regulation 2009Handling of Cargo in Custom Areas Regulation 2009
implemented.implemented.
( More responsibilities on custodians of cargo)( More responsibilities on custodians of cargo)
Efforts by government to reduce logistics element inEfforts by government to reduce logistics element in
GDP from 13% to 10GDP from 13% to 10--11%.11%.
( Indicates infra development & other regulatory reforms)( Indicates infra development & other regulatory reforms)
Government of India has recently issued notificationGovernment of India has recently issued notification
for setting up of Logistics Council of India, which willfor setting up of Logistics Council of India, which will
be a reality very shortly.be a reality very shortly.
( A body to study & tackle the logistics issues)( A body to study & tackle the logistics issues)
