There has been a disturbance that has happened globally due to the coronavirus outbreak in China. India has become a global centre for ceramics, lifestyle goods, engineering goods, furniture and textiles. In the past 15 days, Indian manufacturers have started receiving an increased number of orders for wares from the European Union and US. India has a chance to become a manufacturing superpower.

 

Director General of the Export Promotion Council for Handicrafts has told that over 50 new accounts are created within the past seven days. Manufacturers who took products from China have now come to India.

 

Cevisama 2020, Spain’s largest ceramics fair had 55 Indian companies as its part. <a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 3.png" width="auto" style="width: auto; height: auto;"></a>China did not attend the fair and hence India, which was its part has got various leads for the next year. India is the second-largest country in the world in population and it could become a major centre for labor-intensive products. Enquiries have come from the US and EU. Many companies are already receiving orders for major export deals. According to the Federation of Indian Export Organizations, industries from the chemical, marine products and engineering goods sectors will benefit the most.

Global Buyers Look Towards India After Covid-19

&nbsp;OOCL has announced a change in its Middle East Service 4 with effect from August 6, 1st sailing from Shanghai with the new route for the service.&nbsp;The press release is appended below for your reference and use.&nbsp;<pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">Dear Valued Customer:</pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">OOCL is pleased to introduce a direct call to the port of Umm Qasr in our Middle East Service 4 (ME4) product, effective from August 6 with the fist sailing in Shanghai.</pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"=""><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 1.png" alt="" width="300px"></pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">With the market reach and connections that the Umm Qasr port can provide, the ME4 service will improve our overall suite of Asia-Middle East products with competitive connections and a more comprehensive service network to the Middle East for customers.&nbsp;</pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">The new ME4 port rotation will be as follows:</pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">Shanghai – Ningbo – Taipei – Shekou – Tanjung Pelepas – Port Kelang – Jebel Ali – Umm Qasr – Jebel Ali – Port Kelang – Hong Kong – Shanghai.</pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"=""><img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/e2871be04626e73daa987bfa351127d0/IAT-ME4-S.jpg" alt="OOCL Service Route Change" class="center" width=""> </pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"=""> </pstyle="font-size:><pstyle="font-size: 16px;="" letter-spacing:="" normal;="" margin-bottom:="" 11px;="" caret-color:="" rgb(34,="" 34,="" 34);="" color:="" font-family:="" roboto,="" &quot;helvetica="" neue&quot;,="" helvetica,="" &quot;pingfang="" sc&quot;,="" &quot;hiragino="" sans="" gb&quot;,="" &quot;microsoft="" yahei&quot;,="" &quot;noto="" cjk="" &quot;wenquanyi="" micro="" hei&quot;,="" arial,="" sans-serif;"="">Source: OOCL.com Image source: Wikipedia Commons</pstyle="font-size:>

OOCL: Improvements to the Middle East Service

Watch Ido Rosenthal, CTO at Prodalim group, talk about the joys and challenges of running a successful international business.Prodalim Group provides optimised solutions to bottling companies across the globe.&nbsp;&nbsp;More simply put,&nbsp;&nbsp;they get top quality fruit juices into the hands of bottling companies, who then make sure that those same juices fill your glass.<a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 2.png" width="auto" style="width: auto; height: auto;"></a>1. What inspired the creation of Prodalim?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/vioblQV6OvY?showinfo=0" width="300px" height="150px"></iframe>2. What is your experience of being an entrepreneur?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/QYf6tfcjpW4?showinfo=0" width="300px" height="150px"></iframe>3. How do you feel about the industry growing in the era of digitisation?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/TAUjCVcSmKM?showinfo=0" width="300px" height="150px"></iframe>4. What are your thoughts on sustainable practices in the industry?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/DDWtX2JyYG8?showinfo=0"></iframe>5. Do you face any challenges with importing and exporting your product?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/btuxPWLCV-A?showinfo=0"></iframe>6.&nbsp;&nbsp;How do you utilize technology to make your business more efficient?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/-ZRpKXbri54?showinfo=0"></iframe>7. What 3 things do you wish you know when you started?<iframe class="ql-video" frameborder="0" allowfullscreen="true" src="https://www.youtube.com/embed/_PvmdpB2QiI?showinfo=0"></iframe>

Cogoport X Prodalim Group Interview

In August 2017, on behest of the traders dealing in urad and moong dal, the Union Government had placed import restrictions of up to 3 lakh MT on the whole/raw variety. The restriction on import for the said pulses had been placed to stabilise market prices which had fallen below the MSP set by the Government.&nbsp;On May 4th, 2018, the Government has further extended the cover of import restriction to include the split variety and other forms of urad and moong dal.Based on the latest notification issued by the Director General of Foreign Trade (DGFT),&nbsp; split, processed and other varieties of urad and moong dal are also included in the import restriction list. Now, till further notice, the import of all varieties of the two pulses is restricted to 3 lakh MT/annum.&nbsp;However, these restrictions do not apply to imports by the Government in order to honour any bilateral/regional trade agreements or MoUs.&nbsp;The DGFT notification is appended below for your reference and guidance.&nbsp;<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/e08f10294fb5dada23638fbace38a005/Noti%2006%20%28e%29.jpg" alt="import restriction on urad and moong dal" class="center/left/right" style="width: 981px; height: 1387px;"> <img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/58291edbbcc8c6abe573df02a7feebea/Noti%2006%20%28e%29%20%281%29.jpg" alt="Noti%2006%20%28e%29%20%281%29.jpg" class="center/left/right" width=""> Source: dgft.gov.in

Restriction on Urad and Moong Dal imports

<h3 style="text-align: center; "><img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/79ee823339b09a0ec587378875689648/cogoport%20independence%20day%20mailer%20%281%29.jpg" alt="cogoport%20independence%20day%20mailer%20%281%29.jpg" class="center/left/right" width=""></h3>The Indian shipping industry is evolving and adopting new technology to keep pace with the global industry.&nbsp;<a href="https://www.cogoport.com/signup" style="letter-spacing: -0.02em; background-color: rgb(254, 254, 254);">Sign up</a> with Cogoport to
become a part of this evolution and change the way you ship.&nbsp;<span style="font-size:12.0pt;font-family:&quot;Georgia&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;MS Mincho&quot;;mso-fareast-theme-font:minor-fareast;
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EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> <span style="font-size:12.0pt;font-family:&quot;Georgia&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;MS Mincho&quot;;mso-fareast-theme-font:minor-fareast;
mso-bidi-font-family:Arial;mso-bidi-theme-font:minor-bidi;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">

Indian Shipping Industry - 70 Year Evolution

The French container transportation and shipping company, CMA CGM, has announced a peak season surcharge from India to Onne, Nigeria. Below is the transcript -Dear Valued Customer,In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group wishes to inform its customers of the Peak Season Surcharge update as follows:Scope of application:<ul><li>From India</li><li>To Onne, Nigeria</li><li>Applicable for all cargoes - dry, reefer, out of gauge and break bulk • As from 7th March 2019 (date of loading)</li></ul>Thank you for your ongoing support. Should you have any questions or concerns, please contact us at our customer service.PEAK SEASON SURCHARGE<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/6d2a633a21059113adfab4936fbbec77/Screenshot%202019-02-25%20at%205.30.50%20PM.png" alt="Screenshot%202019-02-25%20at%205.30.50%20PM.png">

CMA CGM Peak Season Surcharge: India to Nigeria

One necessary step to grow a business is to expand from
the home market, especially in a world where globalisation has taken over, to international markets to such an extent that one finds Brazilian coffee in the cup of someone
who is driving a German car somewhere in the United States. These global links
are supported by the phenomenon of international trade (export
and import).And, to excel in international trade, it is necessary to
have an in-depth understanding of international business and the shipping process.
While the business scenario and shipping regulations would differ from country
to country, there are some common errors which all exporters must be aware of
and try to avoid if they want to build a global business.<a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 2.png" width="auto" style="width: auto; height: auto;"></a>Here are 5 common mistakes that exporters make and tips on how to avoid them:&nbsp; 1. 
Overlooking a Promising Foreign
Market:&nbsp;A promising foreign market
is - a country that not only has the highest demand for the export
product, but also one with a favourable business environment. Knowing which
foreign market is commercially viable, is the most basic rule of business. But
many exporters, especially those new to the trade, fail to recognize these
markets.In order to avoid this
mistake, exporters should try to focus on a few particular ideal markets
instead of catering to several countries at once. Streamlined efforts and focus
are the keys to achieve success in export business. Exporters should follow a “structured
research” approach to identify the best target markets, conduct easy and
inexpensive “secondary research” to short list the best markets, and then eliminate
those which are expensive, time consuming, or offer the least profit/return.
This process will help finalise a set of countries with the most feasible
market for the product.2. 
Not Localising
the Product:&nbsp;Exporters make the mistake of entering new foreign
markets without conducting a thorough market research, which may create marketing
problems and lead to choosing wrong distribution channels.Exporters need to
understand that foreign customers may not accept their product as-is and
delivered exactly like it is all over the world with no customisation. Before launching
the product in a foreign market, it is essential to research the local market, understand
the customers’ preferences and localise the product to suit the needs of the target
market. A well thought-out sales and marketing strategy that takes into
consideration the above points will help connect with the buyers in the new
market and create a strong foundation for the brand.3. 
Neglecting to Conduct a Background Check:&nbsp;A trustworthy business partner with a good
reputation is essential for establishing a base in a new market. Often, in the
excitement of going global, exporters neglect to conduct basic due diligence or
background checks of their international business partner. This negligence can
lead to financial, market, and even reputation loss.To
avoid entering into a business agreement with a disreputable company, exporters
must themselves carry out a background check or hire an agency to conduct one
on their behalf.4. 
Failing
to Insure Goods:&nbsp;In
international logistics, accidents happen. Ships can crash, catch fire, or sink;
goods may get stolen or damaged. These incidents and accidents result in
financial loss and damage to the product.Exporters can avoid or at
least minimize the loss arising out of transportation by getting an adequate
insurance cover for their goods. They can either approach insurance providers
themselves or discuss available options with their freight forwarders. Before
choosing an insurance policy, it is important for exporters to discuss
insurance requirements with the importer, understand the terms of the policies
and what they cover, and find out if any special insurance provisions are
required for their product.<a href="https://cogoport.com/signup/en-IN/?utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog-Banner-Portal-1.png" width="auto" style="width: auto; height: auto;"></a>5.Picking
the Wrong Service Providers:&nbsp;There are many parties involved in
an export process. Some of the important participants are – banks, freight
forwarders, shipping lines, and intermodal transport providers. The successful
completion of an export shipment depends on how all the participants carry out
the process assigned to them. It is important for an
exporter to pick efficient and trustworthy service providers who can cater to
his business requirements at a competitive rate and in the least possible
amount of time. 






If you are having
difficulty in finding the right and trustworthy service providers, just <a href="https://www.cogoport.com/signup">sign
up</a> with <a href="https://www.cogoport.com/">Cogoport</a>.&nbsp;At Cogoport,
you will not only get access to reliable service providers, but also get the best possible rates and customized shipping solutions.

5 Common Export Mistakes to Avoid

After holding 2 successful drives for clearing pending GST dues of exporters, CBIC has launched the 3rd edition, from July 16 to 30.The CBIC notification is appended below for your reference and use.<img src="https://prod-cogoport.s3.ap-south-1.amazonaws.com/2cab85f00b556a9f65dd6cf9e90e979c/Press%20Note.jpg" style="letter-spacing: 0.01rem;" alt="CBIC GST Refund Notification" class="center" width="">

CBIC announces 3rd drive for pending GST refunds

Bilateral trade between India and Pakistan is one of the greatest missed opportunities in South Asia. In August 2019, Pakistan downgraded diplomatic relations with India and ceased trading altogether. The neighbours have turned their backs on any short-term trade benefits. However, the situation wasn’t always so.<a href="https://cogoport.com/signup/en-IN/?utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog-Banner-Portal-3.png" width="auto" style="width: auto; height: auto;"></a>The two countries share a long list of disputes – border control of Kashmir, rights to Indus river water, four wars, financial settlements from the Partition, and most recently, terrorist attacks and counter-offensives. As a result, trade between the two countries suffers. Trade depends on diplomatic and mutually beneficial relations. Political disputes are bad news for bilateral trade.<h3>Latent Potential</h3>The extensively shared land border with road and railway connectivity lends itself to a lot more trade. The shipping routes also contribute. The ports of Mumbai and Karachi are a mere 589 nautical miles through the Arabian Sea, but the political landscape trumps the physical proximity.Disproportionate costs, trade barriers, high levels of informal traffic, complicated non-tariff measures and a long list of product restrictions are contributing factors. The two countries account for 88% of South Asia’s GDP and 86% of its population. Both would benefit from a renewal of trade ties.As of 2018, the potential for reciprocal trade between the two Indus valley nations stands at a whopping $37billion, according to a World Bank report. But in 2017-18, the total value of trade between the two was a mere $2.4billion. This volume accounted for a meagre 0.31% of India’s total trade with the world and just about 3.2% of Pakistan’s global trade, points out India’s pink paper The Economic Times. The missed opportunity is massive.<a href="https://api.whatsapp.com/message/N4CI7UNDFE2ZM1?autoload=1&amp;app_absent=0&amp;utm_source=web&amp;utm_medium=blog&amp;utm_campaign=general" target="_blank"><img src="https://cdn.cogoport.io/cms-prod/cogo_public/vault/original/Blog Banner WA 3.png" width="auto" style="width: auto; height: auto;"></a>So, why aren’t they trading?As of mid-2019, tensions are heightened.In response to the Indian government’s revocation of Article 370 that ended Jammu and Kashmir’s special status, Pakistan severed trade ties with India.But Pakistan’s radical decisions don’t necessarily put it at the losing end. India surpasses Pakistan’s population by over a billion people. The actual effect of this trade embargo on Pakistan’s economy is insignificant when its GDP per capita comes into play.The reality is that both countries are not major trading partners for each other. In comparison with their respective global trade, the inter-Indus trade is insignificant.Pakistan trades heavily with the US, China, Afghanistan and the UK. India, its next-door neighbour, makes number 13 on this list. It also ran a trade deficit with India at a value of $1.6billion at the time of suspension. So, that might be a blow to the economy, but it will only be temporary. At the same time, India trades with the US, UAE, China and Singapore. Pakistan doesn’t even make its top 15 trading partners.India is the rising star of Asia. With the highest rate of predicted GDP growth, rising middle class and smartphone penetration, it should be the go-to destination for any trading partner. India is providing impetus to its economy to deliver on growth predictions. It is busy forging new partnerships with other Asian countries while Pakistan is focusing on strengthening ties with the middle east.One thing is for sure, if the two countries were to set their differences aside and resume trade, they would both walk away as winners.

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