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Issue No. 241

29.08.2017

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68th National Foundry Day celebration by IIF Southern Region & Chennai Chapter on 16th & 17th Aug ‘17

68th NFD was celebrated in a grand manner by IIF, Chennai Chapter along with Southern Region. As a part of the NFD, the following programmes were organized. 1. Two works visit on 16th August to Hinduja Foundries, Sriperumpudur Unit & Daimler Vehicles India Pvt. Ltd. 35 delegates from various organisations from Chennai & Coimbatore have participated in the works visit. 2. Kaizen Competition was instituted by Madras Engineering Industries Pvt. Ltd., in memory of its founder Shri E K Parthasarathy in 2016. Second edition of Shri E K Parthasarathy memorial Kaizen Competition held at The Alumni Club. It was conducted in two categories namely SME category & Large foundries category. 12 teams in each category were shortlisted for finals.

There was a fierce competition among the participants for the podium finish. For others, it was a learning experience.

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th National Foundry Day celebration by Chennai Chapter

th NFD was celebrated in a grand manner by with Southern

Region. As a part of the NFD, the following

1. Two works visit on 16th August to Hinduja Sriperumpudur Unit & Daimler

Vehicles India Pvt. Ltd. 35 delegates from from Chennai &

Coimbatore have participated in the works visit.

2. Kaizen Competition was instituted by Madras Engineering Industries Pvt. Ltd., in memory of

founder Shri E K Parthasarathy in 2016.

Second edition of Shri E K Parthasarathy memorial Kaizen Competition held at The Alumni Club. It was conducted in two categories namely SME category & Large foundries category. 12 teams in each category

There was a fierce competition among the participants for the podium finish. For others, it

It was a challenging task for the judges to decide the winners. Finally the following companies have emerged as win Large Foundry Category:Winners: Jointly won by HindujaSriperumpudur plant & Ashley Alteams Ltd.Runners: The Madras Engineering Industries Pvt. Ltd., SME Category: Winners: Sundaram Fasteners Ltd., (Autolec Division) Runners: Integra Automation Seminar

Seminar on theme “Zero Defect Effect” was held on 17seminar started with welcome address by Mr.M. Govindarajan, Chairman, Chennai Chapter. 68th NFD Organising Committee Chairman Mr.Varatharajan, Plant Director, Hinduja Foundries introduced the theme to “Zero Defect – Zero Effect”. Chief Guest for the inauguration of seminar was Dr. Arun Kumar Bhaduri, Distinguished Scientist & Director, Indira Gandhi Centre for Atomic Research, Kalpakkam and inaugural address delivered by Mr. Amish Panchal, President IIF. There were 12 papers presented throughout the day on Zero defect process, zero effect on environment and products which could help achieving the same by leading manufacturers. The seminar was well attended by participation from 130 delegates from various member foundries.

2

It was a challenging task for the judges to decide the winners. Finally the following companies have emerged as winners.

Large Foundry Category: Jointly won by Hinduja Foundries,

Sriperumpudur plant & Ashley Alteams Ltd. : The Madras Engineering Industries

: Sundaram Fasteners Ltd.,

Automation Pvt. Ltd.,

Zero Defect – Zero on 17th August 2017. The

seminar started with welcome address by Mr. M. Govindarajan, Chairman, Chennai Chapter.

NFD Organising Committee Chairman Mr.Varatharajan, Plant Director, Hinduja Foundries introduced the theme to “Zero Defect

Chief Guest for the inauguration of seminar was Dr. Arun Kumar Bhaduri, Distinguished Scientist

andhi Centre for Atomic Research, Kalpakkam and inaugural address

Amish Panchal, President IIF.

There were 12 papers presented throughout the day on Zero defect process, zero effect on environment and products which could help

he same by leading manufacturers.

The seminar was well attended by participation from 130 delegates from various member

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Panel Discussion: A group of CEOs from Foundries and customer of castings with Government officials organised with a theme “Make In India Make It Happen”.

The panelists were,

1. Mr. A. K Arun, Sr. GM & Company Secretary, TIDCO

2. Mr. V. Narasimhan, ED, Breaks India Pvt. Ltd.,

3. Mr. N. K. Ranganath, MD, Grunfos4. Mr. A. Kamal Basha, Head, Hinduja

Foundries 68th NFD Celebrations: Gala celebration started in the evening at 7.00 pm. Welcome address delivered by Mr.Ramasamy, Chairman, IIF-SR. Special address by Mr.Govindarajan, Chairman, IIF, Chennai Chapter. Debriefing of technical Seminar “Zero Defect – Zero Effect” and events of NFD by Organising Committee Chairman Varatharajan Debriefing of Kaizen Competition by Chief of Judges Panel Dr.A. Janagan and the winners announced by Mr. R. Palanimurugan. Trophies to winners distributed by Mr. President, Madras Engineering Industries Pvt. Ltd., Chief Guest for 68th NFD was Mr.Basha, Head, Hinduja FoundriesKeynote address delivered by Panchal, President, IIF.

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A group of CEOs from Foundries and customer of castings with Government officials organised

“Make In India – How to

K Arun, Sr. GM & Company

V. Narasimhan, ED, Breaks India

K. Ranganath, MD, Grunfos A. Kamal Basha, Head, Hinduja

Gala celebration started in the evening at 7.00 Welcome address delivered by Mr. N.

Mr.Govindarajan, Chairman,

“Zero Defect and events of NFD by

Organising Committee Chairman Mr. K.

Debriefing of Kaizen Competition by Chief of and the winners

R. Palanimurugan. Trophies S. Sriram,

President, Madras Engineering Industries

Mr. A. Kamal Basha, Head, Hinduja Foundries and

d by Mr. Amish

Awarding of 25 years completion of membership was presented to Mr.Arunachalam. Cake cut by Past PresidentsThiagarajan, Mr. S.other senior members to mark 68day of IIF. NFD function ended with National Anthem followed by Dinner & Fellowship. Seminar on IIF-WR Metal PowerCircle Series under National Theme of Mission Zero DefectHA Coatings Technology Series IIF Western Region and its Vadodra Chapter are jointly organizing Metal Power Quality Circle SeriesTheme of Mission Zero DefectHA Coatings Technology Seriesper details given below: Date & Day: Saturday, 2nd September, 2017Venue: Hotel Grand Mercure Surya Palace, Vadodara. Schedule: a) 9.30 am to 10.00 am b) 10:00 a.m. to 05:00 p.m.Power Quality Circle Series, under National Theme of Mission Zero by Metal Power Analytical (I) P. Ltd. c) 05.30 p.m. to 06.30 p.m.Binders & Coatings Technology Series supported by Gargi Huttenes Albertus Pvt. Ltd. d) 07:00 p.m. - 08.00 p.m. Meeting 08:00 p.m. onward Dinner Registration Fees: Rs. 100/members (for Seminar) For details and participation please write to [email protected]

3

Awarding of 25 years completion of IIF presented to Mr. S. P.

Cake cut by Past Presidents Mr. S. S. R. V. Ramanan and

members to mark 68th Birth

tion ended with National Anthem ollowed by Dinner & Fellowship.

WR Metal Power Quality under National Theme

Mission Zero Defect & IIF-WR Gargi HA Coatings Technology Series

IIF Western Region and its Vadodra Chapter are jointly organizing a Seminar on IIF-WR

Quality Circle Series under National Mission Zero Defect & IIF-WR Gargi

HA Coatings Technology Series at Vadodara as per details given below:

Saturday, 2nd September, 2017 Hotel Grand Mercure Surya Palace,

9.30 am to 10.00 am - Registration

10:00 a.m. to 05:00 p.m. - IIF-WR Metal Quality Circle Series, under National

Theme of Mission Zero Defect supported Metal Power Analytical (I) P. Ltd.

05.30 p.m. to 06.30 p.m. - IIF-WR Gargi HA Binders & Coatings Technology Series

Gargi Huttenes Albertus Pvt. Ltd.

08.00 p.m. - 4th IIF-WR Council

onward Dinner

: Rs. 100/- per person for

For details and participation please write to [email protected]

Tel: +91 11 29960601, Fax: +91 11 29958028


For More Details kindly refer to the

Tel: +91 11 29960601, Fax: +91 11 29958028


For More Details kindly refer to the PDF File attached along with this Bulletin

4

along with this Bulletin

Tel: +91 11 29960601, Fax: +91 11 29958028


Tel: +91 11 29960601, Fax: +91 11 29958028


5

Tel: +91 11 29960601, Fax: +91 11 29958028


Approx Major Raw Material Prices

News Headlines..

• India's Aluminum production expects to meet domestic demand in next few years

• Indian Containerized Shredded Scrap import prices remain steady

• Indian Brass, Copper Scrap prices show up trend

• Indian Ferrous scrap price to gain grounds• India's crude steel output up 3.5% to 8.36

MT in July • Brazilian ferrous scrap prices hold amid firm

demand • Spanish scrap market braces for increase• Russian ferrovanadium prices to increase• US Shredded Scrap average prices stay flat

at $296 a long ton in July • Chinese ferromolybdenum prices likely to

decrease • Chinese bismuth ingot prices up

In the News..

Financial year change to Janout, all states not in favour The Centre’s plan to change the financial year cycle from April-March to Januaryhas been put on hold and may not materialise in the Narendra Modi government’s current term, according to a senior official. Any change in the financial year would have to be agreed upon by all states, and a number of them were still not in its favour, the official, who did not wish to be named, said on Monday.

ITEMS

Price 18.08.2017

Rs./Kg (Basic

Price Excl GST)

Pig Iron (Mumbai) 31.0

Melting Steel Scrap 24.5

CRCA Scrap 29.0

Copper Ingot 398

Aluminum Ingot 150

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Approx Major Raw Material Prices

India's Aluminum production expects to meet domestic demand in next few years

Containerized Shredded Scrap import

Indian Brass, Copper Scrap prices show up

Indian Ferrous scrap price to gain grounds India's crude steel output up 3.5% to 8.36

Brazilian ferrous scrap prices hold amid firm

Spanish scrap market braces for increase Russian ferrovanadium prices to increase US Shredded Scrap average prices stay flat

Chinese ferromolybdenum prices likely to

Chinese bismuth ingot prices up

Financial year change to Jan-Dec ruled

The Centre’s plan to change the financial year March to January-December

has been put on hold and may not materialise in the Narendra Modi government’s current

Any change in the financial year would have to be agreed upon by all states, and a number of them were still not in its favour, the official, who did not wish to be named, said on Monday.

Besides, the government did not seeadvantages in switching to the JanuaryDecember cycle, the official added.changing the financial year has been one of Prime Minister Narendra Modi’s pet themes. “A number of states are not on board with the idea. The financial year chthe back burner,” the official said, adding that a final decision on the matter could be taken in 2019. “Too many disruptions like the goods and services tax (GST) and lack of data are also hurdles in advancing the financial year,” tofficial said. The government, the official said, was also aware of the fact that general elections in 2019 might make the process more complicated. Modi first talked about the financial year change in a governing council meeting of the NITI Aayog in April where all states participated. He also directed states to take a lead on the same. Madhya Pradesh became the first state in May to formally announce a shift to the JanuaryDecember financial year from next year. Its current financial year will end in Union Finance Minister Arun Jaitley, too, announced in Parliament that the government was planning to switch to the JanuaryDecember financial year. There have been some conflicting voices emanating from the government so far. While some officials had earlier told Business Standard that a shift from AprilJanuary-December could happen as early as 2018, some others had said such a shift, with short-term disruptions, might not happen so soon after the implementation of the GST. The Centre is studying the report of the Shankar Acharya committee, which was tasked with studying the implications of any such shift. The panel’s report has not yet been made public but it is understood to have recommended against the change. India has been following the Aprilfinancial year since 1867, mainly to align the Indian financial year with that of the British government.

Price 25.08.2017

Rs./Kg (Basic

Price Excl GST)

31.0

25.0

28.0

401

151

6

Besides, the government did not see many advantages in switching to the January-December cycle, the official added. Surprisingly, changing the financial year has been one of Prime Minister Narendra Modi’s pet themes.

“A number of states are not on board with the idea. The financial year change has been put on the back burner,” the official said, adding that a final decision on the matter could be taken in

“Too many disruptions like the goods and services tax (GST) and lack of data are also hurdles in advancing the financial year,” the official said. The government, the official said, was also aware of the fact that general elections in 2019 might make the process more

Modi first talked about the financial year change in a governing council meeting of the NITI

pril where all states participated. He also directed states to take a lead on the same. Madhya Pradesh became the first state in May to formally announce a shift to the January-December financial year from next year. Its current financial year will end in November. Union Finance Minister Arun Jaitley, too, announced in Parliament that the government was planning to switch to the January-December financial year.

There have been some conflicting voices emanating from the government so far. While

officials had earlier told Business Standard that a shift from April-March to

December could happen as early as 2018, some others had said such a shift, with

term disruptions, might not happen so soon after the implementation of the GST.

Centre is studying the report of the Shankar Acharya committee, which was tasked with studying the implications of any such shift.

The panel’s report has not yet been made public but it is understood to have recommended against the change.

en following the April-March financial year since 1867, mainly to align the Indian financial year with that of the British

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Ashok Leyland bags Rs 120-crore order from logistic company Rivigo India's second largest truck maker Ashok Leyland has bagged Rs 120 crore order from Rivigo, leading logistic company for a supply of 500 fully built vehicles. Ashok Leyland claims this order of 500 fullybuilt vehicles is driven by the success of the iEGR (Intelligent Exhaust Gas Recirculation) technology which has been developed indigenously by Ashok Leyland. Developed to achieve the BS-IV emission norms, iEGR technology was launched in April 2017 for engines up to 400HP – a feat no other OEM has achieved globally. Anuj Kathuria, President - Global TrucksLeyland, says Ashok Leyland has been an integral part of Rivigo’s story since the beginning of their journey and this fresh order is a testimonial to the Indian, Intelligent and Innovative offerings of iEGR BS-IV technology, which translates to, ‘No Adblue’, ‘No Electronics’ and ‘Better Mileage’. "Today, our BS-IV iEGR vehicles are giving up to 10% better fuel economy when compared to our BS-III range. This is helping all our customers to improve their total cost of operations by up to 15%, translaimproved profits,” said Kathuria. Deepak Garg, Founder and Chief Executive Officer, Rivigo, with this fresh order Rivigo will expand our fleet size to over 2700 vehicles. India's Aluminum production expects to meet domestic demand in next few y During the next 2 to 3 years, India's Aluminum production is anticipated yo increase at a compound annual growth rate (CAGR) of 3.5 percent to cater to a rise in domestic demand. India is one of the low cost Aluminum producer in the world, on the back of easy availability of raw materials and comparatively low labor costs. The increasing demand for Aluminum in the last decade, driven by India’s underlying growth story, has resulted in expansion of smelting capacities of the major domestic players.

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crore order from logistic company Rivigo

India's second largest truck maker Ashok bagged Rs 120 crore order from

Rivigo, leading logistic company for a supply of

Ashok Leyland claims this order of 500 fully-built vehicles is driven by the success of the iEGR (Intelligent Exhaust Gas Recirculation)

which has been developed indigenously by Ashok Leyland. Developed to

IV emission norms, iEGR technology was launched in April 2017 for

a feat no other OEM has

Global Trucks, Ashok Leyland, says Ashok Leyland has been an integral part of Rivigo’s story since the beginning of their journey and this fresh order is a testimonial to the Indian, Intelligent and

IV technology, o Adblue’, ‘No Electronics’

IV iEGR vehicles are giving up to 10% better fuel economy when compared to

III range. This is helping all our customers to improve their total cost of operations by up to 15%, translating to

Deepak Garg, Founder and Chief Executive Officer, Rivigo, with this fresh order Rivigo will expand our fleet size to over 2700 vehicles.

India's Aluminum production expects to meet domestic demand in next few years

During the next 2 to 3 years, India's Aluminum production is anticipated yo increase at a compound annual growth rate (CAGR) of 3.5 percent to cater to a rise in domestic demand.

India is one of the low cost Aluminum producer back of easy availability of

raw materials and comparatively low labor costs. The increasing demand for Aluminum in the last decade, driven by India’s underlying growth story, has resulted in expansion of smelting capacities of the major domestic

During the past financial year, the Aluminum prices was shown some recovery due to the measures taken up by the Chinese economy, as well as renewed sentiments toward the demand for Aluminum. Another reason being shutting down of illegal and polluting smelters which resulted in a cut in capacity, producers in China is also upgrading their facilities. New smelting capacity growth in China is expected to decline significantly due to supply side restrictions. M&M to introduce third tractor brand Trakstar, targets 30 Mahindra & Mahindra, the world's largest tractor maker in terms of volumes has taken a new strategic direction in the domestic market by renaming its subsidiary with the Gujarat Government from Mahindra Gujarat Tractors Limited to Gromax Agri Equipment Ltd to target 30-50 horse power tractor market more effectively. Gromax on Monday launched its all new tractor brand Trakstar which will focus on value seeking farmers and enhance their prosperity said the statement from the company.Trakstar range will cater to almost 80% of the Indian tractor market. The introduction of a new brand was done as the company a space for all new brand which could look beyond mainstream brands. Gromax Agri Equipment Ltd is a jointly owned company between Mahindra & Mahindra and the government of Gujarat with equity ratio of 60% and 40%. The JV company which has a plant in Vadodara, Gujarat has brought in new operating management to drive the growth agenda ahead. Announcing this new initiative, Rajesh JCEO for farm equipment business at Mahindra & Mahindra says Gromax is an important element in the company's journey to acclerate mechanisation in farm and help farmer double their income. Sanjay Prasad, principal secretary, agriculture, government of India said he is glad to see the enhanced focus of the company and its new products which will help the farming community.

7

During the past financial year, the Aluminum prices was shown some recovery due to the measures taken up by the Chinese economy, as well as renewed sentiments toward the demand

Another reason being shutting down of illegal ters which resulted in a cut in

capacity, producers in China is also upgrading their facilities. New smelting capacity growth in China is expected to decline significantly due to

M&M to introduce third tractor brand gets 30-50 hp market

Mahindra & Mahindra, the world's largest tractor maker in terms of volumes has taken a new strategic direction in the domestic market by renaming its subsidiary with the Gujarat Government from Mahindra Gujarat Tractors

max Agri Equipment Ltd to target 50 horse power tractor market more

Gromax on Monday launched its all new tractor brand Trakstar which will focus on value seeking farmers and enhance their prosperity said the statement from the company. The Trakstar range will cater to almost 80% of the Indian tractor market. The introduction of a new brand was done as the company a space for all new brand which could look beyond

Gromax Agri Equipment Ltd is a jointly owned en Mahindra & Mahindra and

the government of Gujarat with equity ratio of 60% and 40%. The JV company which has a plant in Vadodara, Gujarat has brought in new operating management to drive the growth

Announcing this new initiative, Rajesh Jejurikar, CEO for farm equipment business at Mahindra & Mahindra says Gromax is an important element in the company's journey to acclerate mechanisation in farm and help farmer double

anjay Prasad, principal secretary, t of India said he is glad

to see the enhanced focus of the company and its new products which will help the farming

Tel: +91 11 29960601, Fax: +91 11 29958028


"Our government has charted out a clear road map of farm mechanisation and agriculture development for the welfare farmers to accelerate agricultural modernisation. We are sure that Gromax will play a key role in achevining this vision," added Prasad. ‘Indian passenger vehicle segment to grow 7-9% in FY18’ YK Koo, the managing director of Hyundai Motor India, expects the country’s passenger vehicle sales to miss the estimate of 5 million units by 2020, but still overtake Japan to be the third largest market. He said the market growth will slow to 7-9% in fiscal 2018 as a result of the initial impact of GST, which though will be beneficial to the industry in the long term. Hyundai Motor India has grown strong in the last 20 years. Everybody knows about our market share and percentage growthWe have made 4.47% growth at the time when the industry grew by 9%. Ee launched Creta in July 2015 in the SUV segment. In last two years, we don't have a full-modelproduct and also we did not enter in new segments like other strong players. This is the main reason (for the slower growth). Apart from this, we phased out the i10, in January 2017, which was contributing 3,000 units per month. We introduced facelifts of the Grandi10 and Xcent. In the last two years, we didn’t have full-model-change and new sproducts. For the current Verna, we are selling 700 units. We are aiming at to sell 4,000-5,000 units of the new Verna. This will give us further growth. This will be extra growth for us. The domestic market is moving faster than exports. We compensated with domestic market for exports. There is a slowdown in the Middle East and the Latin America market. Every month we export more than 10,000 of the Creta, i20 and Grand i10. He said, we are satisfied with the current production capacity, 7 lakhs, any change I don’t know. There is no production constraint for us.We have a flexi production system.

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"Our government has charted out a clear road map of farm mechanisation and agriculture development for the welfare farmers to ccelerate agricultural modernisation. We are

sure that Gromax will play a key role in achevining this vision," added Prasad.

‘Indian passenger vehicle segment to

YK Koo, the managing director of Hyundai Motor India, expects the country’s passenger vehicle sales to miss the estimate of 5 million units by 2020, but still overtake Japan to be the

the market growth cal 2018 as a result of

the initial impact of GST, which though will be beneficial to the industry in the long term.

Hyundai Motor India has grown strong in the last 20 years. Everybody knows about our market share and percentage growth, Koo said.

e made 4.47% growth at the time when e launched Creta in

July 2015 in the SUV segment. In last two model-change

product and also we did not enter in new segments like other strong players.

main reason (for the slower growth). Apart from this, we phased out the i10, in January 2017, which was contributing 3,000 units per month. We introduced facelifts of the Grandi10 and Xcent. In the last two years, we

change and new segment

For the current Verna, we are selling 700 units. 5,000 units of

the new Verna. This will give us further growth. This will be extra growth for us. The domestic market is moving faster than exports. We compensated with domestic market

There is a slowdown in the Middle East and the Latin America market. Every month we export more than 10,000 of the Creta, i20 and Grand

are satisfied with the current production capacity, 7 lakhs, any change I don’t know. There is no production constraint for us. We have a flexi production system.

International News..

EU Sets Duties on Chinese Cast Iron

Products to Counter Dumping

The European Union has levied provisional tariffs as high as 42.8 percent on some Chinese cast iron products after an eightinvestigation found unfairly low prices hurt the bloc's producers.

The European Commission, the EU executive body, said while it had detected no dumping by India, the investigation would continue until definite findings were made.

The Commission's Aug. 16 decision published in its Official Journal on Thursday was triggered by a complaint from Fondatel Lecompte SA, Ulefos Niemisen Valimo Oy Ltd, SaintPAM SA, Fonderies Dechaumont SA, Heinrich Meier Eisengießerei GmbH & Co KG, SaintGobain Construction Products UK Ltd and Fundiciones de Odena SA.

The group makes more than 40 percent of the 28-country bloc's cast iron products. "Prices of dumped imports from the People's Republic of China significantly undercut Union industry prices during the investigation period with undercutting margins ranging from 35.4 percent to 42.7 percent leading to decreasing market shares and profits foindustry," the Commission said. The provisional tariffs, which range from 25.3 percent to 42.8 percent, will affect Fengtai (Handan) Alloy Casting Co Ltd, Botou Lisheng Casting Industry Co Ltd and Shijiazhuang Transun Metal Products Co Ltd, am

Government Schemes

Niryat Bandhu Scheme Entrepreneurs for Export The scheme facilitates entrepreneurs wishing to enter exports through mentoring, counseling & info sessions through the active network of 36 DGFT offices spread across the country.

8

International News..

n Chinese Cast Iron

o Counter Dumping

European Union has levied provisional tariffs as high as 42.8 percent on some Chinese cast iron products after an eight-month investigation found unfairly low prices hurt the

The European Commission, the EU executive ad detected no dumping by

India, the investigation would continue until definite findings were made.

The Commission's Aug. 16 decision published in its Official Journal on Thursday was triggered by a complaint from Fondatel Lecompte SA,

imo Oy Ltd, Saint-Gobain PAM SA, Fonderies Dechaumont SA, Heinrich Meier Eisengießerei GmbH & Co KG, Saint-Gobain Construction Products UK Ltd and Fundiciones de Odena SA.

The group makes more than 40 percent of the country bloc's cast iron products.

Prices of dumped imports from the People's Republic of China significantly undercut Union industry prices during the investigation period with undercutting margins ranging from 35.4 percent to 42.7 percent leading to decreasing market shares and profits for the Union industry," the Commission said.

The provisional tariffs, which range from 25.3 percent to 42.8 percent, will affect Fengtai (Handan) Alloy Casting Co Ltd, Botou Lisheng Casting Industry Co Ltd and Shijiazhuang Transun Metal Products Co Ltd, among others.

Government Schemes

Bandhu Scheme – Mentoring Entrepreneurs for Export

The scheme facilitates entrepreneurs wishing to enter exports through mentoring, counseling & info sessions through the active network of 36

across the country.

Tel: +91 11 29960601, Fax: +91 11 29958028


The scheme was announced by the Government on 13th October, 2011 for mentoring first generation entrepreneurs. The scheme was incorporated at paragraph 2.51 of the Foreign Trade Policy 2009-14. The officer (Niryat Bandhu) would primmentor the interested individuals in the arena of international business. Such hand holding by the officers of DGFT would help the new exporters and importers by leveraging the knowledge base of the officers and by providing timely and appropriate guidance. For more information on the scheme, please click the link below http://dgftcom.nic.in/exim/2000/nbandhu/indexb

andhu.htm

Notifications/ Circulars

Ministry of Finance, Dept. of Revenue, CBEC Notification No. 26/2017 – Central Tax

28.08.2017

Seeks to extend time period for filing of details in FORM GSTR-6 for months of July & August.http://cbec.gov.in/resources//htdocs

cbec/gst/Noftn%2026-2017%20English.pdf

Ministry of Finance, Dept. of Revenue, CBEC Circular No. 36/2017 - Customs, dt.

Implementing electronic sealing for containers by exporters http://cbec.gov.in/resources//htdocs

cbec/customs/cs-circulars/cs-circulars

2017/circ36-2017cs-revised.pdf

Ministry of Commerce & IndustryDept. of Commerce, DGFT Notification No. 23/2015-2020, dt. 23.08.2017

Amendment in Para 3.24(j) of Chapter2015-20 http://dgft.gov.in/Exim/2000/NOT/NOT17/Sign

ed%20Notification%2023%20dated%2023%20

August%202017%20English%20Scanned.pdf

Ministry of Finance, Dept. of Revenue, CBEC GST Goods & Services Rate Finder on Webhttps://cbec-gst.gov.in/gst-goods-services

Tel: +91 11 29960601, Fax: +91 11 29958028


The scheme was announced by the Government on 13th October, 2011 for mentoring first generation entrepreneurs. The scheme was incorporated at paragraph 2.51 of

14.

The officer (Niryat Bandhu) would primarily mentor the interested individuals in the arena of international business. Such hand holding by the officers of DGFT would help the new exporters and importers by leveraging the knowledge base of the officers and by providing

For more information on the scheme, please

http://dgftcom.nic.in/exim/2000/nbandhu/indexb

Central Tax,

Seeks to extend time period for filing of details 6 for months of July & August.

http://cbec.gov.in/resources//htdocs-

2017%20English.pdf

, dt. 28.08.2017

Implementing electronic sealing for containers

http://cbec.gov.in/resources//htdocs-

circulars-

ndustry,

, dt. 23.08.2017

Amendment in Para 3.24(j) of Chapter-3 of FTP

http://dgft.gov.in/Exim/2000/NOT/NOT17/Sign

ed%20Notification%2023%20dated%2023%20

August%202017%20English%20Scanned.pdf

Goods & Services Rate Finder on Web services-rates.html

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Commerce & Industry, Commerce, DGFT

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does not necessarily represent official opinion of the

ALUCAST-2018

06 - 08 Dec., 2018

Delhi/ NCR, India

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66th

Indian Foundry

Congress

10-12 January 2018

Gandhinagar, Gujarat

http://www.ifcindia.net/

METAL +

METALLURGY CHINA

2018

From: 16th

– 19th

May,

2018

THE 73RD WORLD

FOUNDRY CONGRESS

From.: 23rd

to 28th

September, 2018

Venue: Poland

URL: INDOMETAL 2018

From.: 17th

to 19th

October, 2018

Venue: Indonesia

URL: HTTP://WWW.INDOMETAL.NET/

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