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World Trade Centre reaches final height



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World Trade Centre reaches final height


  • Sunday, 12 May 2013 11:08 AM





Construction

America’s One World Trade Centre reached its final height of 1,776 feet when a silver spire topped the iconic structure. Built on the Ground Zero site in New York following the attacks on the original World Trade Centre buildings on 11 September 2001, One World Trade Centre is the tallest building in the Western hemisphere and the third tallest in the world.


INDIA NEWS

L&T to step up hiring in Saudi for metro rail project

Gets Rs 8,250 cr Saudi metro project

Larsen & Toubro won its biggest ever overseas order in Saudi yesterday, and says that it will hire more hands in that country. 

 

The infrastructure major will also shift some of its best employees from India to the country, to execute Rs 8,250 crore ($1.4 billion) contract for building a metro rail in Riyadh. “We have reasonable resources in Riyadh but because it is a big project, we will send some of our important resources and hire more people locally,” said S N Subrahmanyan, whole-time director and senior executive vice-president, (infrastructure and construction) of L&T.



 

The total value of the project which was won in a consortium is  Rs 35,000 crore. The other companies in the consortium for this global tender are Ansaldo STS  of Italy, Bombardier Transportation of the UK, Impregilo of Italy, Nesma & Partners of Saudi Arabia

 

“All the companies will spare their resources and also hire internationally,” Subrahmanyan told Business Standard. He however did not specify the number of people to be hired as the project which is to be executed over four years after eight months of design, site preparation and other enabling works, is currently in the planning stage. 



 

L&T's portion of the massive contract involves design, construction and commissioning of Line 3 of the metro project.  Line 3 is 41 kilometers long and involves a driver-less train operation. It is expected  to carry around 5,000 passengers per hour, per direction. 

 

“The contract includes construction of bridges, tunnels, elevated and underground stations, depots, roads, systems for closed circuit television and public announcements, SCADA with allied systems for the first-of-its-kind project in the Kingdom,” the company has said in a press release, yesterday. 


 

L&T started to look for orders internationally over a year-and-a-half back, after domestic ordering dried down. In the last quarter ending June 30, 2013, L&T's orderbook stood at Rs 1,65,393 crore, which grew eight per cent year-on-year. The overseas orderbook grew twice as faster than the total orderbook at 16 per cent and also constituted 12 per cent of the total orderbook. This orderbook does not include the current Saudi win. 

 

The company claims that it would look for more such orders in Saudi Arabia and in the entire Middle East region. “Tax rates are lower there (Middle East), and we get 2.5 times more value than here for the same efforts,” said Subrahmanyan. 



Larsen & Toubro wins 2085 Cr Al -Batinah Expressway Project

The transportation infrastructure business of L&T made a major breakthrough in its international business by bagging a new order worth riyal Omani 135.6 million (2085 crore) from the Ministry of Transport and Communications, Sultanate of Oman, for the construction of the Al Batinah Expressway



India Ratings gives negative outlook to construction sector

The negative outlook was a result of execution and liquidity challenges faced by the key segment of the economy

India Ratings has maintained a negative outlook on the construction sector for the second half of 2013 due to execution and liquidity challenges faced by the key segment of the economy.

 

The negative outlook is in view of the continued execution and liquidity challenges facing the sector. These challenges were identified as major constraints for the sector in the beginning of the year, the rating agency said today.



 

"The impact of these challenges is likely to intensify in the near term," it said in a statement here. Construction companies have concentrated more on the execution of existing orders than on bidding for new projects, the agency said.

 

"This is reflected in better top-line growth during second half of FY13 compared to the corresponding period in 2011-12, along with a decline in the order book position.



 

"However, delays in obtaining statutory clearances and increasing working capital needs continue to put pressure on the financial profile of the companies in this sector."

 

The prevailing situation has been compounded by the inability of firms to pass on input cost increases, which has resulted in a fall in EBITDA margins, a trend that is likely to continue in the near term, India Ratings said.



 

"Working capital cycles continue to be stretched on account of delays in the certification of works completed by companies. Higher debts for executing large order books and to fund working capital along with high interest rates have led to further deterioration of credit metrics of the companies."

 

Given the downward pressure on margins and higher requirements for funds, credit metrics may worsen further in the near term, the rating outfit said.



 

It said faster order execution and liquidity easing are key to a stable outlook for the sector.

 

"Better availability of funds and Governmental policy actions addressing the factors hindering speedy execution of works would have a positive impact on the industry.



 

"Restricting order books to a manageable level, especially by fund-starved companies, can lead to liquidity easing and improvements in credit metrics," the agency said. 



L&T bags Rs 1,000 crore hydrocarbon project

The company signed an MoU to execute composite construction works

Larsen & Toubro Hydrocarbon has secured an order of over Rs 1,000 crore to construct a paraxylene plant for a leading refinery in India.

The company signed a memorandum of understanding (MoU) to execute composite construction works, including civil, mechanical and erection and installation, for the project.

L&T will mobilise about 25,000 workmen and 600 staff for the project which will be executed over a period of 30 months, the company announced today.




Ban on construction of new buildings on and around all river beds

The Uttarakhand government announced a series of major decisions on Monday for recovery and rehabilitation in the flood-hit state.


The state cabinet decided on a Uttarakhand Reconstruction and Rehabilitation Authority (URRA), chaired by the chief minister (CM). It announced a ban on construction of new buildings on and around all river beds, besides a compensation plan for affected citizens.

The URRA is to have a panel for reconstruction, with a "100-year plan" in mind, said CM Vijay Bahuguna. He added relief committees involving district magistrates, MPs and MLAs had also been set up, to assist the Authority.

As for the construction ban around river beds, the CM said the exact area to be covered would be decided later. Most of the structures which had collapsed had been built alongside the Mandakini, Alaknanda and Bhagirathi rivers.

A compensation package of Rs 50,000-100,000 was announced for damaged dhabas. For fully damaged small hotels, the compensation will be Rs 2 lakh. For bigger hotels where losses are Rs 2-10 lakh, the government will compensate 30 per cent. Where losses are Rs 10-20 lakh, the compensation will be 20 per cent. Above Rs 20 lakh, the compensation will be only 10 per cent.

All electricity and water bills in the affected areas will be waived from June 1 to March 31, 2014. Payment on loans taken by disaster-affected families from state cooperative banks will be suspended for the financial year 2013-14.

The government will request the central government to suspend such payment on loans from nationalised banks for a similar period.

Affected citizens are to each get 15 kg of wheat flour, 15 kg of rice, five kg of pulses, three kg sugar and some other things free of cost. The state is to take full reposibility for the upbringing, including schooling, of orphaned children. For the areas in the plains, there will be 50 per cent more compensation for damage to the sugarcane crop.





8.0 PROJECT CONSTRUCTION ITEMS : OVERSEAS INQUIRIES


Bathroom Fittings & Accessories


Unique International, Dhaka

Vision Accomplished Ventures Limited

Buyers of bathroom fittings.

Address:  4, Ogunlana drive, Surulere - 34562, Paraguay
Phone:  +(234)-(1)-8033048516
Haider Limited

Buyers of bathroom fittings.

Address:  15 Hollinbank Lane, Lee - WF16 9NF, United Kingdom
Phone:  +(44)-(7979)-920555
Bellagio, Sarl

Buyers of bathroom fitting.

Address:  Tabaris Square, Achrafieh, Beirut, Lebanon
Phone:  +(961)-(1)-204042
Enter-American

Importers of bathroom accessory.

Address:  Rruga Don Bosco, Tirana - 121 212, Albania
Phone:  +(355)-(43)-57057   Fax:  +(355)-(43)-57057
Pinnacle Exclusives, Inc.

Importers of bathroom accessories.

Address:  4655, Bonavista Avenue Suite 208, Montreal - H3W 2C6, Canada
Phone:  +(1)-(514)-4824166   Fax:  +(1)-(514)-4824166
Multitrade International Ltd.

deals in bathroom fittings

Address:  Data General Building, 666 Gt South Rd., Ellerslie, P O Box : 62503, Central Park, Auckland, New Zealand
Phone:  +(64)-(9)-5259721   Fax:  +(64)-(9)-5250471
Jash Technical Services Co. Limited

Importers of bath accessories.

Address:  P. O. Box 173, Riyadh - 11411, Saudi Arabia
Phone:  +(966)-(1)-4767780   Fax:  +(966)-(1)-4776662

Plumb Crazy

Buyers of all plumbing, bathroom, hardware products.

Address:  100 Voortrekker Road, Salt River, Cape Town - 7925, South Africa
Phone:  +(27)-(21)-5117818   Fax:  +(27)-(21)-5117873
Mobile / Cell Phone:  +(27)-834634649

Importers of all kinds of bathroom fittings.

Address:  20/25, North South Road, Siddique Bazar, Habib Market, 3rd Floor, Dhaka, Bangladesh
Phone:  +(880)-(2)-9566254   Fax:  +(880)-(2)-9566254
Mobile / Cell Phone:  +(880)-171536146
Plasztikform Kft

Importers of stainless steel bathroom units.

Address:  Baross Utca 167, Budavrs - 2040, Hungary
Phone:  +(36)-(23)-423001   Fax:  +(36)-(23)-423003

Otari Ghana Limited

Buyers of all types of bathroom fittings.

Address:  No.:10, Dadeban Loop, North Industrial Area, Accra, Ghana
Phone:  +(233)-(21)-237796   Fax:  +(233)-(21)-237796
Mobile / Cell Phone:  +(233)-24670780
Microdata Associates Limited

Buyers of bathroom accessories such as shower curtain, toothbrush holders etc.

Address:  79, Roseville Road, Hayes, London - UB34QY, United Kingdom
Phone:  +(44)-(208)-5731391   Fax:  +(44)-(790)-2098281
Mobile / Cell Phone:  +(44)-7812339669


M. G. Systems

Importer of sinks.

Address:  Arti 328, Rue Paul Claudel Strret, Evry - 91000, France
Phone:  +(33)-(1)-60775460   Fax:  +(33)-(1)-60776410
Swadesh Bidesh

Buyers of bathroom accessories.

Address:  64, Aziz Super Market, 1st Floor, Dhaka - 1000, Bangladesh
Phone:  +(880)-(2)-861025   Fax:  +(880)-(2)-8613958
Mobile / Cell Phone:  +(880)-11875686
Kudos Shower Products Limited

Buyers of cotton bath and shower mats.

Address:  Elmsfield Park Holme Cumbria, Manchester - LA61RJ, United Kingdom
Phone:  +(44)-(1539)-564040   Fax:  +(44)-(1539)-564141

Newise International Limited

Importer of bathroom sinks.

Address:  1/F, Kai Kwong Commercial Bldg Lockhart Road Wanchai, Wan Chai - 332334, China (Hong Kong S.A.R.)
Phone:  +(852)-(852)-25117008   Fax:  +(852)-(852)-28917187
Aqua Tec

Importers of spare parts for sink.

Address:  25 Moaz Aldawla, Nser City Mkram Abeed, Cairo - 11241, Egypt
Phone:  +(2)-(2)-6708075   Fax:  +(2)-(2)-2729651
Mobile / Cell Phone:  +(2)-0020124595870
Curtiss AS.

Importers of products related to bathroom.

Address:  Keramikkveien 32, Stavanger - 4032, Norway
Phone:  +(47)-(51)-800805
Roca Sanitario SA

Importers of bathroom fittings and products.

Address:  Avda. Diagonal, 513, Barcelona - 08029, Spain
Phone:  +(34)-(93)-3661200

Cixi Star Light Sanitary Ware Company Limited

Buyers of shower.

Address:  Cang Tian Industrial Area, Changhe, Cixi, Ningbo - 315 326, China
Phone:  +(86)-(574)-63406416 / 63415898   Fax:  +(86)-(574)-63409125 / 63415786
T. K. Interior Design & Decoration S/b

Importers of bathroom accessories.

Address:  750/D, Taman Ecorich Jalan Tanjung Batu, Bintulu - 97000, Malaysia
Phone:  +(6)-(86)-332729   Fax:  +(6)-(86)-332729
Mobile / Cell Phone:  +(6)-0138338430
Comfort Line AS

Buyers of steam shower, bath tub and heatpump.

Address:  Rigedalen, 52, Kristiansand - 4626, Norway
Phone:  +(47)-(984)-82373

E-buy Radiators Direct Limited

Buyers of bathroom fixture and fittings such as taps, showers, baths sinks etc.

Address:  15, Longfield Avenue, Fareham - PO141DA, United Kingdom
Phone:  +(44)-(1329)-519465   Fax:  +(44)-(1329)-519465
Mebra, Sa

Importers of sanitary brass plumbing fittings, shower sets, bathroom acessories etc.

Address:  Lugar Do Barreiro, Apart. N.- 4, Vila De Prado - Braga - 4734908, Portugal
Phone:  +(351)-(253)-929600   Fax:  +(351)-(253)-929625
Mobile / Cell Phone:  +(351)-963931719
Samra Bath Center

Engaged in importing of bathroom accessories, bathroom mirrors and bathroom other products.

Address:  23, King George Street, Tel Aviv - 63290, Israel
Phone:  +(972)-(52)-4669609   Fax:  +(972)-(3)-5273506

Construction Machinery
T. Lishman & Sons

Buyers of construction equipments.

Address:  The Winnings, Ingleton, Lancaster - LA63DU, United Kingdom
Phone:  +(44)-(152)-4241082   Fax:  +(44)-(152)-4241935
Yabhana Group

Importers of construction equipments.

Address:  12, Dunchurch Crescent Sutton Coldfield, Birmingham - B73 6QN, United Kingdom
Phone:  +(44)-(7909)-526410

Alghanim International & General Trading

Buyers of construction equipments.

Address:  Shuaikh, Behind Old Pepsi Company, Safat - 2118, Kuwait
Phone:  +(965)-(1)-804044 / 9149534   Fax:  +(965)-(1)-4822490
Mobile / Cell Phone:  +(965)-965789
Birdi Civil Engineers

Importers of construction plants.

Address:  P. O. Box 58223, Nairobi - 00010, Kenya
Phone:  +(254)-(20)-823620   Fax:  +(254)-(20)-891017
Dabaywa Trading & Contracting Co.

Importer of construction equipment, construction materials and construction machineries etc

Address:  2, W2, Mosque Street Ibnauf Suliman Building, Khartoum - 11111, Sudan
Phone:  +(249)-(9)-12953816 / 12843934
Lumbini Trade Centre Nepal Private Limited

Importers of construction equipment

Address:  Trispureshore, K. K. M. Building Satdobato, Lalitpur - Na, Nepal
Phone:  +(977)-(1)-4260058 / 5524362   Fax:  +(977)-(1)-4226711
Induztrial Toyz Corporation

Buyers of road construction equipments.

Address:  169, Forrest Drive, Sherwood Park - T8A6A9, Canada
Phone:  +(1)-(780)-9451161   Fax:  +(1)-(780)-4493747
Hanmi International Company Limited

Buyers of used construction equipments and spare parts.

Address:  #121-246, Dangsandong 6, Ga Youngdeungpogu, Seoul - 150 808, Korea
Phone:  +(82)-(2)-26755013   Fax:  +(82)-(2)-26327883
Mobile / Cell Phone:  +(82)-112815200
Halong Traseco

Buyers of all types of construction machine.

Address:  39 Le Lai Street, NGoquyen Dist Hai phong, Haiphong City - 10000, Vietnam
Phone:  +(84)-(31)-768412   Fax:  +(84)-(31)-767638
Mobile / Cell Phone:  +(84)-0903245444

Wahyu Mandiri

Importers of all types of construction equipments.

Address:  Basuki Rahmat 56, Sumatera Selatan - 12430, Indonesia
Phone:  +(62)-(711)-421557
Mobile / Cell Phone:  +(62)-8127132333
Precise Engineering Services

Importers of construction equipment.

Address:  Plot 43, Oboja Road, Kampala - 19780, Uganda
Phone:  +(256)-(772)-742053   Fax:  +(256)-(38)-400258
Go Industry A. S

Buyers of construction equipments.

Address:  Sak R Kesebir Cad. 36/13, Balmumcu Besiktas, Istanbul - 80700, Turkey
Phone:  +(90)-(212)-2114348   Fax:  +(90)-(212)-2114348
Jepak Holdings Sdn Bhd

Buyers of concrete mixer trucks and batching plants.

Address:  76, C. F. Park, Jalan Tun Hussein Onn, Bintulu - 97000, Malaysia
Phone:  +(60)-(86)-333019   Fax:  +(60)-(86)-332700

J. L. International Limited, Partnership

Buyers of machineries and raw material for construction industry.

Address:  No. 889, Thai C. C. Tower, Room No. 242, South Sathorn Road, Yanawa, Sathorn, Bangkok - 10120, Thailand
Phone:  +(66)-(2)-6723444
Mobile / Cell Phone:  +(66)-896610896
Haider Bearing & Machinery Centre

Importers of all types of construction machinery.

Address:  No. A-87, Jinnah Road, Rawal Pindi - 46000, Pakistan
Phone:  +(92)-(51)-5870342 / 5554446   Fax:  +(92)-(51)-5776067

JB System Inc.

Engaged in import of construction equipments such as excavators, bulldozers, wheel loaders, motor graders, cranes, road rollers, forklifts, dump trucks, concrete mixture trucks, garbage compactor trucks, generators. Also imports used ship, cargo etc.

Address:  No. 4-4-29, Nishi Sakado, Sakado-Shi - 350 0247, Japan
Phone:  +(81)-(492)-793455   Fax:  +(81)-(492)-793456
Mobile / Cell Phone:  +(81)-9034053162

Hire Station Limited

Buyers of general construction machineries.

Address:  Fields Farm Road Long Eaton, Nottingham - NG103FZ, United Kingdom
Phone:  +(44)-(845)-6045337   Fax:  +(44)-(845)-6688999
Mobile / Cell Phone:  +(44)-7711958183


Door Knobs, Handles, Knockers, Stoppers & Other Door Hardware

Willimco

Buyer of door, door lock, door handles, etc.

Address: 22, Watson Street, Aberdeen - 4850, United Kingdom
Phone: +(44)-(7)-20482314   Fax: +(44)-(7)-23547563
Kin Kei Hardware Industries Limited

Importer of door closers, door handles, door hinges, door knob locks and door viewers.

Address: Room 704, 7/F Eastern Centre, 1065 King's Road,, Tai Koo - .., China (Hong Kong S.A.R.)
Phone: +(852)-(852)-25616788   Fax: +(852)-(.)-25639115
Jazco Company

Importers of door knnobs and knobs products.

Address: Banani Road -5, Block F , House No. 88 Third Floor, Dhaka - 1206, Bangladesh
Phone: +(880)-(12)-8824395
Newise International Limited

Importers of door closers, door handles and door hinges.

Address: 1/F, Kai Kwong Commercial Building, 332-334 Lockhart Road, Wanchai - ., China (Hong Kong S.A.R.)
Phone: +(852)-(852)-25117008   Fax: +(852)-(852)-28917187
John Phillips Investments Limited

Distributor and supplier of door locks and door closers.

Address: 5, East Hill, London - HA9 9PT, United Kingdom
Phone: +(44)-(20)-89049407

Emmanuella Consult

Importers of door handle.

Address: Plot 22, Victor Hugo Dakar, Dagana - 221, Senegal
Phone: +(221)-(820)-12819   Fax: +(221)-(820)-45221
Anurasiri Furnitures Private Limited

Importers of door pulls, hingers, cam locks, plywood etc.

Address: 701/A, Peradeniya Road Mulgampola, Kandy, Sri Lanka
Phone: +(94)-(81)-2228173   Fax: +(94)-(81)-2233279
General Building Hardware Traders


Total Rehab BA

Buyers of equipment for building.

Address: Torggata 33, Oslo - N-0183, Norway
Phone: +(47)-(47)-23157418   Fax: +(47)-(47)-23157401
Indenza Limited

Buyers of builders hardware.

Address: 142 Westchester Dr, Wellington - 6004, New Zealand
Phone: +(64)-(4)-477 3555
Mike Gepp Developments

Buyers of building related products.

Address: 8, Point Road Monaco, Nelson - 7001, New Zealand
Phone: +(64)-(3)-5479853   Fax: +(64)-(3)-5479008
The Stanley Works

Buyers of builder hardware.

Address: 3F, 338 Wen Lin Road, Taipei - 111, Taiwan
Phone: +(886)-(2)-81451465
Chifley Exim Australia

Importers and distributors of builder's hardware in brass, steel, iron and few products of general merchandise.

Address: 2, St.Martins Crt., Wantirna South, Melbourne - 3152, Australia
Phone: +(61)-(3)-98010799   Fax: +(61)-(3)-98005798
Maroc Motif

Buyers of building hardware.

Address: 22, Rue Ennarjisse Benjdia, Casablanca Maroc - 20000, Morocco
Phone: +(212)-(2)-2225702   Fax: +(212)-(2)-2225716
Rajabdeen & Sons Limited

Importers of builders hardware.

Address: 192, Nawala Road, Colombo - 5, Sri Lanka
Phone: +(94)-(11)-2807500/2807500   Fax: +(94)-(11)-2807500
Almacen El Arquitecto

Buyers of builders hardware accessories.

Address: Cra 42, No. 75-83, Local 148, Itagui, Colombia
Phone: +(57)-(4)-3741718   Fax: +(57)-(4)-3741718
Allu Metal Maghrebin

Buyers of various builder hardwares.

Address: 40-44, Rue Abou, Amrane Al Fassi, Casablanca - 20100, Morocco
Phone: +(212)-(22)-981058   Fax: +(212)-(22)-981055
Vijay Hardware

Buyers of building hardwares.

Address: Algoz Industrial Area No. 3, Dubai - 41396, United Arab Emirates
Phone: +(971)-(4)-3479200   Fax: +(971)-(4)-3479733
Ananta International Trading, Inc.

Importers of all types of builders hardware and hand tools.

Address: 7-1285, Bristol Road West, Mississauga - L5V 2H5, Canada
Phone: +(1)-(905)-2860274   Fax: +(1)-(905)-2860163
Shisham Furnitures

Buyers of building hardware.

Address: 15, Shadman, Jail Road, Lahore - 54000, Pakistan
Phone: +(92)-(42)-7533282   Fax: +(92)-(42)-7587506
J. Hassanali Hardware Store

Buyers of building hardware.

Address: P O Box 1485, Daressalaam - , Tanzania
Phone: +(255)-(22)-2115793   Fax: +(255)-(22)-2130341

Granite, Marble, Sandstone & Slate Stone


Excellence Integrated Solutions

Importers of limestone.

Address:  Old Mazda Road, Fabric Care Building, 203, Abu Dhabi - 52596, United Arab Emirates
Phone:  +(971)-(2)-6711197   Fax:  +(971)-(2)-6711158
Mobile / Cell Phone:  +(971)-506421157
Maha Co.

Importers of marble, granite, limestone, onyx etc.

Address:  # 34, No.3, Golfam Building, Golfam Street, Africa Ave,, Tehran - 0098, Iran
Phone:  +(980)-(21)-22020251 / 22055860   Fax:  +(980)-(21)-22055860
Mobile / Cell Phone:  +(980)-9121271665

Charcon Specialist Products

Importers of granites.

Address:  Marions Way, Coventry Road, Leicester - LE9 3GP, United Kingdom
Phone:  +(44)-(1455)-288241   Fax:  +(44)-(1455)-285284
Be-Modern Group

Buyers of marble sheets, marble fire surrounds etc.

Address:  Unit 11 Shaftsbury Avenue, Simonside Industrial Estate, Jarrow, Newcastle Upon Tyne - NE323TJ, United Kingdom
Phone:  +(44)-(191)-4563220   Fax:  +(44)-(191)-4553376
Mobile / Cell Phone:  +(44)-7713315905

Avner Mart Import Export

Buyers of marble.

Address:  1, HaDror, Kiryat-Ono - 55602, Israel
Phone:  +(972)-(50)-590488
Pak Onyx

Importers Of Marble And Granite.

Address:  Plot # 20-A, Unit # II, I-9, Islamabad - 44000, Pakistan
Phone:  +(92)-(51)-4440322   Fax:  +(92)-(51)-4433501

Future Comptech

Importers of marble, granite, stones and slates.

Address:  603, Novo Star Dr., Mississauga - L5W 1C7, Canada
Phone:  +(1)-(416)-6295563
Boutique De Net

Buyers of Indian green marble.

Address:  1, Golf Road, G. O. R. - I, Lahore - 54410, Pakistan
Phone:  +(92)-(42)-6375707   Fax:  +(92)-(42)-6368872

Lionvest Trading Uk Limited

Buyers of stones, marble, granite, limestones, sandstones etc.

Address:  Unit 7, Riverside Business Centre Brighton Road, Shoreham-By-Sea, Shoreham-By-Sea - BN436RE, United Kingdom
Phone:  +(44)-(1273)-453500 / 453501 / 453504   Fax:  +(44)-(1273)-453900 / 453901

Xiamen Yueyang Stone Company Limited

Importers of importing rough granite blocks.

Address:  Unit 7b, Bldg A, Baolong Center, No. 297, Jiahe Road, Xiame, Xiamen - 361 012, China
Phone:  +(86)-(592)-5328291
Al-Murad Tiles

Buyers of marbles and granites.

Address:  Howley Park Road East Morley Leeds West Yorkshire, Leeds - LS27OBN, United Kingdom
Phone:  +(44)-(1132)-537766   Fax:  +(44)-(1132)-537766
Fujian Nanan Lian Feng Mei Stone Co. Ltd.

Importers of marble.

Address:  Pushan Industrial Area, Shuitou Town, Nanan, Fujin - 362342, China
Phone:  +(86)-(595)-86989553   Fax:  +(86)-(595)-86909553
Copro Group

Importers of all types of marbles.

Address:  Kosuyolu Mah. D. Blok, Daire No. 4 Emlakbankas, Istanbul - 34000, Turkey
Phone:  +(90)-(532)-2401125
Balography Nig Limited

Engaged in importing of granite.

Address:  Omoh 20 Funsho Kinoshi Street , Avenue B Stop, Okota Ago, Palace Way, Lagos - ., Nigeria
Phone:  +(234)-(709)-313766
Mobile / Cell Phone:  +(234)-8086797706
Taj Trading

Buyers of marble.

Address:  17, Buxton Avenue, Oranjezicht, Cape Town - 8001, South Africa
Phone:  +(27)-(21)-4231505   Fax:  +(27)-(21)-4231505
Mobile / Cell Phone:  +(27)-824549383
Shirkooh Yazd Tile

Importers of all types of ceramic and tiles.

Address:  Apartment 1, 9th Floor, Mellat Tower, Vali Asr Street, Tehran - Na, Iran
Phone:  +(98)-(21)-88784678   Fax:  +(98)-(21)-88784678
Quang Dieu Co. Limited

Importers of marble, granite, sandstone, slate etc.

Address:  364, Cong Hoa Street, Etown Building, Ho Chi Minh, Vietnam
Phone:  +(84)-(88)-8122606   Fax:  +(84)-(88)-8122282
Mobile / Cell Phone:  +(84)-8918319699
Entity Holdings Private Limited

Importers of gypsum boards.

Address:  410/3, Bauddhaloka Mawatha, Colombo - 7000, Sri Lanka
Phone:  +(94)-(11)-4737828   Fax:  +(94)-(11)-5362588
Mobile / Cell Phone:  +(94)-777667657

Pipe Fittings & Tube Fittings

Sag Stahl GmbH

Importers of steel pipes.

Address:  Ruetersbarg, 48, Hamburg - 22529, Germany
Phone:  +(49)-(40)-6447077   Fax:  +(49)-(40)-64428490
Technical Oilfield Supplies Centre

Importers of all types of pipes, tube fittings, flanges, expansion joints etc.

Address:  Post Box No. 2647, Abu Dhabi - 2647, United Arab Emirates
Phone:  +(971)-(2)-6734042   Fax:  +(971)-(2)-6734041
Mobile / Cell Phone:  +(971)-507514327
I. B. N. Al Nafees General Trading Establishment

Importers of used steel pipes type F51, ST52, external dia 168 mm, 20mm wallthick, 6 m long, seamless or welded etc.

Address:  P. O. Box 61835, Dubai - 971, United Arab Emirates
Phone:  +(971)-(4)-2850500   Fax:  +(971)-(4)-2855782
Mobile / Cell Phone:  +(971)-504577100
Swecomex S. A. De C. V.

Buyers of flanges, pipes etc.

Address:  Calle 5 # 899, Zona Industrial, Guadalajara - 44940, Mexico
Phone:  +(52)-(33)-31451767   Fax:  +(52)-(33)-31451777

Al Aswar Technology Group Co.

Buyers of ductile pipes.

Address:  Farhan Building, Fadala Street Block No.11,Salmiya, P.O. Box 6213, Hawalli - 32037, Kuwait
Phone:  +(965)-(2)-5629205   Fax:  +(965)-(2)-5628176
Valvulas Worcester

Buyers of forged steel threaded flanges.

Address:  Ma?Z #263 Col, Valle De Santiago - 09819, Mexico
Phone:  +(52)-(55)-56705155 / 54450276 / 54450120   Fax:  +(52)-(55)-55827243

Mahmoud For Trading Pipes & Fittings

Importres of pipes and fittings.

Address:  14 El Sayegh St El Sabteya Ramsis,cairo,egypt, Al Q�Hirah - 11111, Egypt
Phone:  +(2)-(2)-5775321
Mobile / Cell Phone:  +(2)-102828362
Egypipe

Buyers of all types of hdpe pipes.

Address:  157 Al Harm St Giza, Cairo - 12556, Egypt
Phone:  +(20)-(48)-600098   Fax:  +(20)-(48)-600819
Hakan Plastic

Buyers of pvc, pprc, pe pipes and fittings.

Address:  Organize Sanayi Bolgesi Gaziosmanpasa Mah. Istiklal Cad, Cerkezkoy - 59500, Turkey
Phone:  +(90)-(282)-7266443   Fax:  +(90)-(282)-7269467
Mobile / Cell Phone:  +(90)-5334738964
G Rgenler AS

Importers of seamless pipes.

Address:  No. 1, Organize Sanayi, Bolgesi Avar, CAD. No. 4, Ankara - 06935, Turkey
Phone:  +(90)-(312)-2670969   Fax:  +(90)-(312)-2670881
Tig Group

Importers of pe pipes.

Address:  Botelkamp 38, Hamburg - D-22529, Germany
Phone:  +(49)-(40)-790000 / 245117   Fax:  +(49)-(40)-790099
Kwan Hing Metal Manufacturing Co. Limited

Buyers of pipes.

Address:  Unit 2713A, 27/F., Asia Trade Center, 79 Lei Muk Road, Kwai Chung - Na, China (Hong Kong S.A.R.)
Phone:  +(852)-24211322   Fax:  +(852)-24215322
Decor Limited

Importers of stainless steel pipes.

Address:  St Riznikovski, 1 A, Kharkov - 61025, Ukraine
Phone:  +(380)-(57)-7122037   Fax:  +(380)-(57)-7102239
Mobile / Cell Phone:  +(380)-506306686
Esmil Trading

Buyers of pipes, solid bar and fittings.

Address:  P.O. Box 129, 8500 Ac Joure, Heerenveen - 8500AC, The Netherlands
Phone:  +(31)-(513)-528810   Fax:  +(31)-(513)-528842

S. K. F. Corporation Limited

Buyers of pipes.

Address:  300/4, Hatirpool, Dhaka - 1215, Bangladesh
Phone:  +(880)-(2)-8620274
C. T. E. C. Trading & Construction, Inc.

Buyers of pvc pipes and fittings.

Address:  No. 10, Jasmine Street, Ubalde Village, Agdao, Davao City - 8000, Philippines
Phone:  +(63)-(82)-2349855   Fax:  +(63)-(82)-3008865
Mobile / Cell Phone:  +(63)-9177020147

Handal Mandiri

Buyers of steel pipes.

Address:  Jl. DI. Panjaitan, Gang Sederhana No. 01, Balikpapan - 76123, Indonesia
Phone:  +(62)-(542)-423315   Fax:  +(62)-(542)-420537
Mobile / Cell Phone:  +(62)-811-547493
Comdo Italia SRL

Buyers of iron pipes for bed mechanisms.

Address:  Via Dell Orzo 53/55/57, Z. I., Altamura - 70022, Italy
Phone:  +(39)-(80)-3101078   Fax:  +(39)-(80)-3103449
Wahab Trading Company

Importers of m.s pipes, m.s fittings and pipe fittings.

Address:  8, Sindh Madrasah, Shahra- E- Liaquat, Karachi - 74000, Pakistan
Phone:  +(92)-(21)-2426804   Fax:  +(92)-(21)-6638697
Mobile / Cell Phone:  +(92)-3002354045

A Tech Comapny

Importers of titanium plated stainless steel pipes.

Address:  A-919, Sam Ho Building, #275-1, YangJae-Dong, SeoCho-Ku, Seoul - 137 941, Korea
Phone:  +(82)-(2)-5537555
Viking Johnson

Buyers of pipe couplings.

Address:  46-48 Wilbury Way, Hitchin, Hertford - SG40UD, United Kingdom
Phone:  +(44)-(1462)-443322   Fax:  +(44)-(1462)-443311
S. S. Trade Link International Private Limtied

Buyers of steel pipe, steel pipe fittings, upvc pipe fittings.

Address:  11, Haji Osman Goni Road, Dhaka - 1000, Bangladesh
Phone:  +(880)-(2)-9554805 / 7164364   Fax:  +(880)-(2)-9554755 / 7164362
Mobile / Cell Phone:  +(880)-11846662
Viking Cives Limited

Buyers of steel flange beams.

Address:  RR#4 Norpark Drive, Mount Forest - N0H 2k0, Canada
Phone:  +(1)-(519)-3234433   Fax:  +(1)-(519)-3234608

Raj Arab International

Buyers of pipes and pipe fittings.

Address:  Flat No. 3, 79 Hussein Street, Mohandesein, Cairo, Egypt
Phone:  +(20)-(2)-7495194   Fax:  +(20)-(2)-7495194
Mobile / Cell Phone:  +(20)-122388564

Scaffolding, Scaffolding Fittings & Formwork Accessories

Abdul Kreem Company

Engaged in importing of cuplock sysstm, scaffolding fitings, forklif.

Address:  Jabl Al Zhor Road, Amman - Na, Jordan
Phone:  +(962)-(6)-4162847 / 4383121   Fax:  +(962)-(6)-4166463
Mobile / Cell Phone:  +(962)-795452062
Echafauds Plus, Inc.

Dealing into scaffolding, temporary fence on rental.

Address:  2897, Francis, Laval - H7L 3S8, Canada
Phone:  +(1)-(450)-6631926   Fax:  +(1)-(450)-6636276
Bakht Kabir Company

Buyers of all types of scaffolding couplers.

Address:  No. 4, Yazdchi All., Vahdat Eslami Street, Tehran - Na, Iran
Phone:  +(98)-(21)-66487632 / 66487633   Fax:  +(98)-(21)-66487632
A. A Scaffolding

Importers of all types of galvanised scaffold tubes.

Address:  10, Cots Wold Way Enfeild, Enfeild - Na, United Kingdom
Phone:  +(44)-(208)-3633930   Fax:  +(44)-(208)-3633930
Wall & Floor Tiles


Associated Industries, UK

Buyers of flooring products etc.

Address:  9, Norfolk Road, Industrial Estate, Gravesend - DA122PS, United Kingdom
Phone:  +(44)-(1474)-328111   Fax:  +(44)-(1474)-328222
Dennis Plink Builder Pty Limited

Importers of building products like tiles and ceramics.

Address:  P. O. Box 247, Blackheath - 2785, Australia
Phone:  +(61)-(2)-63552003
Mobile / Cell Phone:  +(61)-414 825711
Moods Fine Furniture Co.

Buyers of tiles.

Address:  Killymitten, Ballinamallard, Enniskillen - BT942FW, United Kingdom
Phone:  +(44)-(28)-6638882   Fax:  +(44)-(28)-66388881

Steel City Renovation & Engineeering Sdn Bhd

Buyers of tiles.

Address:  Plot 41, Elseidale Estate, Mount Erskine - 10470, Malaysia
Phone:  +(60)-(4)-8909594
Sofag

Buyers of various types of tiles.

Address:  74, Route De Bethune, Sainte Catherine Les Arras - 62223, France
Phone:  +(33)-(3)-21509393   Fax:  +(33)-(3)-21509394

Atabuild

Importers of wall and floor tiles.

Address:  8b adekunle fajuyi crescent,off adeniyi jones av., Ikeja - 10609, Nigeria
Phone:  +(234)-(1)-7753073   Fax:  +(234)-(1)-4973571
Mobile / Cell Phone:  +(234)-08033026009
Rosean Company Limited

Buyers of ceramic tiles.

Address:  15-3 Doida, Matsuyama - 790-0056, Kenya
Phone:  +(81)-(89)-9311700   Fax:  +(81)-(89)-9311703
Mobile / Cell Phone:  +(81)-60-12-3190414
Mohammed Osman Ahmed Al Fattani Estate

Buyers of all kinds of stone tiles, multi colored tiles, white tiles, kitchen wall tiles, decorative wall tiles etc.

Address:  Al Dahab, Behind Atlas Hotel,, Jeddah - 21425, Saudi Arabia
Phone:  +(966)-(2)-6458316 / 6420491   Fax:  +(966)-(2)-6458308
Mobile / Cell Phone:  +(966)-966505506286
Sikder Trading International

Importers of all kinds of tiles.

Address:  1613, Hamzarbag Colony, Muradpur, Chittagong, Bangladesh
Phone:  +(880)-(31)-682127   Fax:  +(880)-(31)-655711
Mobile / Cell Phone:  +(880)-0176328881
Maksoors Shopping Centre

Cisco Tile

Importers of ceramic glazed tile, decorative tiles etc.

Address:  Soto 280 Int. 1, Ensenada, B.C. - 22840, Mexico
Phone:  +(52)-(646)-1766325   Fax:  +(52)-(646)-1766325
Potent Solutions

Buyers of tiles.

Address:  14, Twynyrefail Place, Gwaun Cae Gurwen, Ammanford - SA181HY, United Kingdom
Phone:  +(44)-(1269)-823039   Fax:  +(44)-(1269)-823039

Qreitem Trading Company

Buyers of porcelan granite tiles, marbonite tiles, bathroom tiles etc.

Tradenetwork Fountoulakis

Buyers of tiles.

Address:  Andrea Miaouli, 116, Keratsini - 18755, Greece
Phone:  +(30)-(210)-4009327   Fax:  +(30)-(210)-4004374
Mobile / Cell Phone:  +(30)-6977427669
Venetto Ceramicas

Importers of tiles.

Address:  145/1, Green Road., Dhaka - 1205, Bangladesh
Phone:  +(88)-(2)-9144949   Fax:  +(88)-(2)-8314400
Mobile / Cell Phone:  +(88)-171037609
Indi - Stone Design

Buyers of dimensioned stone.

Address:  681, Timboon - Colac Road, Scotts Creek - 3267, Australia
Phone:  +(61)-(3)-55959206   Fax:  +(61)-(3)-55959206
Mobile / Cell Phone:  +(61)-4005763758
Wood Floorings, Timber, Plywood & Laminates


Ferna SA

Buyers of parquet floorings, timber, plywood and laminates.

Address:  Barrio La Virgen, N 35, El Barraco, Spain
Phone:  +(34)-(920)-281114   Fax:  +(34)-(920)-281564
Khalili, Oman

Buyers of wood.

Address:  Khuwair, Muscat, Ruwi - NIL, Oman
Phone:  +(968)-(7)-699098
Mobile / Cell Phone:  +(968)-9371434

Zaki Sons

Buyers of timber products.

Address:  Zaibunisa Hospital Timber Market, Karachi - 74700, Pakistan
Phone:  +(92)-(300)-8236792   Fax:  +(92)-(21)-6672015
Maxlink Far East Intl Cargo Service Chine Ltd

Buyers of timbers.

Address:  Room 5b-5c No.2 Xushida Mingyuan Building Xinan 4th Road, Baoan 34 Area, Shenzhen - 518100, China
Phone:  +(86)-(755)-27852776 / 27852778 / 27852779   Fax:  +(86)-(755)-27852990

Phiali Company

Importers of high pressure laminates.

Address:  No. 61-3, Houhu Rd., Linkou Shiang, Taipei Hsien, Taipei - 244, Taiwan
Phone:  +(886)-(2)-2603493   Fax:  +(886)-(2)-26034954
Hobapol Ag

Importers of all kinds of timber products.

Address:  Semslach 39, Obervellach - 9821, Austria
Phone:  +(43)-(4782)-29848   Fax:  +(43)-(4782)-29848
Mobile / Cell Phone:  +(43)-664 569 2596
Vivek Industries Limited

Buyers of plywood.

Address:  Mombasa Road, Nairobi, Kenya
Phone:  +(254)-(20)-531783   Fax:  +(254)-(20)-531587
Mobile / Cell Phone:  +(254)-733311335
Laidebao Furniture Company Limited

Buyers of woods, logs etc.

Address:  Chumen Section, Sci-Tech Industrial, Yuhuan - 317 605, China
Phone:  +(86)-(576)-7427356   Fax:  +(86)-(576)-7427358
Mobile / Cell Phone:  +(86)-8613566859068
Ultident

Importers of dentsply etc.

Address:  4028 Steinberg, St.Laurent - H4R 2G7, Canada
Phone:  +(1)-(514)-3353433   Fax:  +(1)-(514)-3350992

E Corner

Buyers of sawn timber.

Address:  No. 54, Jalan S.P. 1/5 Taman Saujana, Puchong - 47100, Malaysia
Phone:  +(60)-(3)-80602095
Mobile / Cell Phone:  +(60)-60123815330

Rimaju (Asia Pacific) Sdn. Bhd.

Importers of unfinished and prefinished t & g timber floorings, laminated timber floorings etc.

Address:  Lot 14, 1st Floor, Kolam Centre, Jalan Lintas, Luyang, Kota Kinabalu - 88300, Malaysia
Phone:  +(60)-(88)-232551   Fax:  +(60)-(88)-211313
Engel Timber

Importers of mahogany plywood.

Address:  Babenbergerstrasse No. 9, Vienna - A-1010, Austria
Phone:  +(43)-(1)-5876343   Fax:  +(43)-(1)-5873936
Al Bahjah

Buyers of plywood.

Address:  Karama, Bur Dubai, Dubai - 34633, United Arab Emirates
Phone:  +(971)-(50)-6760089
Rudwan Workshop

Buyers of meranti, mahagany and teak wood.

Address:  A'amran Street, Sana'A - 326, Yemen
Phone:  +(967)-(1)-325224   Fax:  +(967)-(1)-325224
Mobile / Cell Phone:  +(967)-71124009
Shree Shivshakti Hardware And Sanitary Suppliers

Freight Link International Co. Limited

Importer of commercial dbbcc plywood, mdf radiata pine planks and pine plywood.

Address:  SIR VIRGIL NAZ STREET, Port Louis - NIL, Mauritius
Phone:  +(230)-(233)-0101   Fax:  +(230)-(211)-5410


Ocean Star Shipping & Trading Sdn Bhd.

Buyers of all kinds of timber.

Address:  AE7, Jalan Kukuban Satu, Taman Setapak, Kuala Lumpur - 53000, Malaysia
Phone:  +(60)-(3)-21665868   Fax:  +(60)-(3)-31685886
Mobile / Cell Phone:  +(60)-193211582


9.0 POLICY & PROCEDURES




RESERVE BANK OF INDIA

Foreign Exchange Department

Central Office

Mumbai - 400 001

RBI/2013-14/149
A.P. (DIR Series) Circular No.16

July 23, 2013

To

All Category - I Authorised Dealer Banks



Madam / Sir,

Exim Bank's Line of Credit of USD 19 million


to the Government of the Republic of Senegal

Export-Import Bank of India (Exim Bank) has entered into an Agreement dated December 19, 2012 with the Government of the Republic of Senegal, for making available to the latter, a Line of Credit (LOC) of USD 19 million (USD Nineteen million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing of Fisheries Development Project in Republic of Senegal. The goods, services, machinery and equipment including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of Eligible Contract from outside India.

2. The Credit Agreement under the LOC is effective from June 26, 2013 and the date of execution of Agreement is December 19, 2012. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (December 18, 2018) from the execution date of the Credit Agreement in the case of supply contracts.

3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time.

4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing instructions for payment of agency commission.

5. AD Category-I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005  or log on to www.eximbankindia.in.

6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(C. D. Srinivasan)
Chief General Manager

RESERVE BANK OF INDIA

Foreign Exchange Department

Central Office

Mumbai - 400 001


RBI/2013-14/145

A.P. (DIR Series) Circular No.13 July 17, 2013

To


All Category - I Authorised Dealer Banks

Madam / Sir,



Exim Bank's Line of Credit of USD 35 million

to the Government of the Republic of Ghana

Export-Import Bank of India (Exim Bank) has entered into an Agreement dated December 14, 2012 with the Government of the Republic of Ghana, for making available to the latter, a Line of Credit (LOC) of USD 35 million (USD Thirty- Five million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of financing a sugar plant project in the Republic of Ghana. The goods, services, machinery and equipment including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of Eligible Contract from outside India.

2. The Credit Agreement under the LOC is effective from June 27, 2013 and the date of execution of Agreement is December 14, 2012. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s)of contract(s) in the case of project

3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time.

4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing instructions for payment of agency commission.

5. AD Category-I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in

6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,


(C. D. Srinivasan)

Chief General Manager


RESERVE BANK OF INDIA

Foreign Exchange Department

Central Office

Mumbai - 400 001

RBI/2013-14/124


A.P. (DIR Series) Circular No. 4

July 8, 2013

To

All Category - I Authorised Dealer Banks



Madam / Sir,

Exim Bank's Line of Credit of USD 10 million


to the Government of Seychelles

Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 18, 2012 with the Government of Seychelles, for making available to the latter, a Line of Credit (LOC) of USD 10 million (USD Ten million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose of  import of goods and services for specific projects funded by Development Bank of Seychelles in Seychelles. The goods, services, machinery and equipment including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of   the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services (other than consultancy services) may be procured by the seller for the purpose of Eligible Contract from outside India. Provided, however that, a suitable relaxation not exceeding 10 % may be considered on case to case basis for projects having civil construction.

2. The Credit Agreement under the LOC is effective from June 10, 2013 and the date of execution of Agreement is December 18, 2012. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (December 17, 2018) from the execution date of the Credit Agreement in the case of supply contracts.

3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time.

4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing instructions for payment of agency commission. 

5. AD Category-I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005  or log on to www.eximbankindia.in.

6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(C. D. Srinivasan)
Chief General Manager

Government of India

Ministry of Commerce and Industry

Directorate General of Foreign Trade

Udyog Bhavan, New Delhi-110011
Policy Circular No.2 (RE-2013)/2009-2014 Dated the 26thJuly, 2013
To

All Development commissioners, SEZ

All Licensing Authorities.

All Custom Authorities.


Subject: Validity of IEC for Export Oriented Unit (EOU) or units in Special Economic Zone/Electronics Hardware Technology Park(EHTP)/Software Technology Park(STP)/Bio-Technology Park(BTP) after de-bonding: Review of Policy Circular 26/ dated 11.8.2008.

Under Policy Circular No.26 dated 11.8.2008, at the time of de-bonding and converting to DTA unit, a 100% EOU surrenders its IEC to the concerned Development Commissioner of Special Economic Zone (from where it obtained IEC) for cancellation. Thereafter, the firm approaches the concerned RA for issue of a fresh IEC against the same PAN Number. On the other hand, when a DTA unit converts into a 100% EOU unit, its IEC issued by RA continues to remain valid.

2. The issue has been reviewed. It is felt that the existing arrangement can be improved to reduce transaction cost. Accordingly, it has been decided that an IEC will remain valid irrespective of a firm’s status as a DTA unit or an EOU or a SEZ/ EHTP/STP/BTP unit and the procedure to be followed in case a firm/unit is de-bonded and converted to DTA is as under:


  1. A unit, which is in EOU or in SEZ/EHTP/STP/BTP after de-bonding will not surrender the IEC obtained from its jurisdictional DC, SEZ.

  2. The jurisdictional DC, SEZ will send the original IEC file to concerned RA of DGFT after de-boding.

  3. RA becomes the custodian of such file and will allow de-bonded unit to make necessary modification in IEC.

  4. The de-bonded unit to be eligible for benefits from the RA as per FTP.

3. It is reiterated that when a DTA unit converts itself into an EOU or a unit in SEZ/EHTP/STP/BTP, the IEC issued by the RA would continue to be valid even after such conversion.

(G. Parthasarathi)

Joint Director General of Foreign Trade

E-mail : parthasarthi.g@nic.in

(Issued from F. No. 01/93/180/38/AM 09/PC- 2(B)

Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi-110011

Trade Notice No 05/2013

dated 19.07.2013

To 


All RAs of DGFT

Members of Trade/EPCs



Subject: Providing Personal Hearing in terms of Para 2.49.2 of Foreign Trade Policy (FTP) which is incorporated by Notification No 08(RE-2013)/2009-2014 dated 22.04.2013.

The Para 2.49.2 of FTP deals with the grievance redressal mechanism. It was amended on 22.04.2013 as mentioned in the subject header above. Now as per the amended provisions, DGFT would grant a Personal Hearing (PH) to such exporter/importer as stated in the Para 2.49.2 of FTP. For this purpose, the important conditions required to be fulfilled are: (a) Exporter/Importer is aggrieved by any decision, except an adjudication order (b) the Exporter /Importer continues to be aggrieved in-spite of a review of that decision.



  1. It has now been decided that Personal Hearing (PH) in such cases by the Director General of Foreign Trade will be held at Udyog Bhawan, New Dehli-11 on second Tuesday of every month between 3:00PM to 4:00PM. In case, in any month, 2nd Tuesday is not a working day then such PH may be held on next Tuesday.

  2. Any importer/exporter who satisfies the conditions given in the Para 2.49.2 of Foreign Trade Policy (FTP) may submit a representation addressing to DGFT for seeking PH before him with the header: Request for PH before DG under Para 2.49.2 of FTP.

  3. The covering page of such representation must have the following details:

1.  

Name of the applicant with Importer and Exporter Code(IEC) number

2.  

E-mail address of the applicant

3.  

Mobile No, office land line no of the applicant

4.  

Name of the person with designation who will appear for PH

5.  

Subject matter on which relaxation /intervention is required

6.  

Reasons for seeking such relaxation/intervention with Justification for reconsideration of request

7.  

Date, File No & gist of decision against which PH is being sought

8.  

The date when this decision was reviewed by PRC/ competent Authority

9.  

Reason of rejection by PRC/Authority/officer

10.  

Preferable date for PH(2nd Tuesday of every month is earmarked for PH)

11.  

How many pages of documents are being enclosed? (Documents enclosed must be duly indexed & pages are numbered)


Jay Karan Singh
Joint Director General of Foreign Trade
Ph. 011-23063249

E-mail jaykaran.singh@nic.in
Issued from File No. 01/60/162/291/AM14/PRC


RATE OF INTEREST SUBVENTION INCREASED FROM 2 percent TO 3 percent

Source: Press Release: Ministry of Commerce & Industry



Date : 31 Jul 2013
Location : New Delhi
 

Presently the rate of Interest Subvention for credit obtained by exporters is 2%. There has been persistent demand to both increase the rate of subvention and also to widen the coverage. At present, all exporters who are micro and small enterprises, irrespective of the export sector, are beneficiaries of this scheme. In addition, the exporters belonging to the following sectors are eligible to receive interest subvention : (i) Handlooms (ii) Handicraft (iii) Carpets (iv) Toys and Sports Goods (v) Processed Agricultural Products (vi) Readymade Garments (vii) 235 tariff lines in Engineering Sectors, and (viii) 6 tariff lines in Chapter 63 of ITC(HS) (textiles made ups).

The Commerce Minister had taken up this issue with the Finance Minister. Both the Ministers have met on Friday 26th July to consider this request from our exporters. It has now been decided by the Government to increase the rate of Interest Subvention from the existing 2% to 3%. All pending claims would also be cleared immediately.

This will benefit the exporters of small and medium enterprises and also the most of the labour intensive sectors. Their cost will come down appropriately by increase in the rate of interest subvention. The Commerce and Industry Minister has convened a meeting of Board of Trade (BoT) on 27th August, 2013 to review the current situation and the international trade scenario.

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ABOVE 150 HIGH TECH PRODUCTS GET FOCUS PRODUCT SCHEME FPS BENEFIT

Source: Press Release: Ministry of Commerce & Industry



Date : 09 Jul 2013
Location : New Delhi
 

During the Foreign Trade Policy (FTP) announcements on 18th April, 2013, the Union Commerce & Industry Minister Shri Anand Sharma had mentioned that export of High Tech Products would be incentivised and it would be separately notified. In pursuance of this objective, a Task Force was set up under the Chairmanship of Shri Rajiv Kher, Additional Secretary in Department of Commerce (DoC) to study the list of items eligible for such benefit under Focus Product Scheme (FPS). Commerce & Industry Minister Shri Anand Sharma also convened a meeting with leading Chambers of Commerce & Industry and Export Promotion Councils on 1st July, 2013 for inviting suggestions in this regard as also for increasing India’s exports. The Export Promotion Councils and Chambers of Commerce & Industry were asked to submit their suggestions by 5th July, 2013.

The report of the committee and suggestions received from Chambers of Commerce & Industry and Export Promotion Councils have been analysed by Department of Commerce (DoC) and it has been decided to include above 150 products under Focus Product Scheme (FPS) for incentive @ 2% of the FOB value of exports. Items from Engineering / Electronics, Chemical and Pharma sector have been covered under this list. Such benefits will be admissible for exports made w.e.f. 15.8.2013. This list is being notified separately by DGFT.



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