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Apple vendor TDK to set up iPhone battery plant in , seeks clearance.

The -based company is expected to set up a plant with an investment of ₹6,000-7,000 crore in a phased manner for making -ion cells and employ around 7,000-8,000 people once it is operational at full scale, according to an industry source.

"TDK, a leading supplier of cells to Apple, is setting up a 180-acre facility in Manesar, Haryana to build cells for batteries which will be used in the . Several thousand new will be created and an increase in domestic value addition," Chandrasekhar tweeted.

The local production of lithium-ion cells will enhance local value addition in 's products.

According to the source, is awaiting clearance to start production. An email query sent to TDK did not elicit any reply

The company acquired -based lithium-ion battery manufacturer Technology Ltd (ATL) in 2005 to boost its energy vertical.

had a presence in India through its subsidiary Private Limited.

Based out of in Haryana, Navitasys was in manufacturing and sale of battery packages.

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India’s pulses exports may surge to new high this fiscal.

India’s pulses exports for the financial year will likely scale a new record on rising demand for chickpeas and lentils from countries such as China, United Arab Emirates (UAE) and Bangladesh.
During the April-January period of the current financial year, pulses exports in terms of volume were up 80per cent at 5.39 lakh tonnes(lt). In the same period a year ago, exports were 3 lt.
In terms of dollar, pulses exports during April-January were up 73 per cent at $476 million ($275 million in the same period a year ago).
In terms of rupees, exports were up 85 percent at ₹3,784 crore (₹2,048 crore), as per the latest data from APEDA. In the financial year 2021-22, pulses exports were 4.1 lt, valued at $379 million.

Demand from exparts
“There’s a lot of demand for Indian pulses, especially desi chickpea, kabuli chana and lentils among others from countries such as Bangladesh, Sri Lanka and Nepal,” said Bimal Kothari,Chairman, India Pulses and Grains Association (IPGA), the apex trade body. From countries such as the US, Canada and the UK, the demand for Indian pulses is largely driven by the expatriates, Kothari said.

“Exports of chana is up due to the demand from Bangladesh and Nepal, while the demand for tur dal is mainly from Gulf countries,” said Punit Bachhawat, a miller in Ahmedabad, who supplies to exporters. Also, there’s good demand for masoor (lentils) from Bangladesh, which used to import from Australia. With crop damage in Australia this year, Bangladesh is buying more lentils from India this year and also due to the Ramadan demand, Bachhawat said.

Rahul Chauhan of IGrain India said the growth in pulses exports is driven by the demand for chikpea (kabuli chana), desi chikpea and lentils. Other variety of pulses such as pigeon pea(tur), black matpe (urad) and moong have witnessed a decline, he said.

“Lentil exports have more than doubled to around 43,784 tonnes during the April-November period this fiscal against 20,891 tonnes a year ago. Similarly, exports of kabuli chana have increased to 85,661 tonnes during April-Dec compared with 45,691 tonnes in 2021-22. Exports of desi chickpea have increased to 68,808 tonnes during April-December compared with 50,773 tonnes a year ago,” Chauhan said.

Vegan preference rising
APEDA chairman, M Angamuthu said “with the rising preferences for vegetarian and vegan foods globally and India being the largest producer of varieties of pulses, we can cater to meet the increasing global demand for pulses.”
India is the largest producer and consumer of pulses. As per the second advance estimates for2022-23, India’s pulses production is estimated at a record 278.10 lt against 273.02 lt a year ago. The record pulses output is largely driven by chana and moong crops, while the production of tur and urad was impacted by bad weather across various parts of the country. To keep prices of tur and urad under check, the government has kept the imports open of these pulses varieties till March 2024.

As per the second advance estimate, chana production is projected at record 136.32 lt(135.44 lt last year), while moong output is expected to be at a new high of 35.45 lt (31.66 lt).

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: Strong potential in , exports.

Shifting away from the iron ore mining industry after decades, Goa’s exports now focus on the pharmaceutical sector and marine industry, but in order for the latter to become a prime exporter, the sector needs infrastructural improvements. Goa Chamber of Commerce and Industry (GCCI) has recommended market linkages that will enable farmers and food processing units to contribute to Goan agri-export.

GCCI had organized a stakeholders’ consultation along with the Directorate General of Foreign Trade (DGFT) and the state government to see how export hubs can be created in each district.

While speaking about Goa’s Agri-Export policy, director-general of GCCI, Sanjay Amonkar pointed out that the policy needs to address the allied sectors such as fi sheries and animal husbandry in the policy as there is huge potential in marine exports.

“The consultation suggested that the marine sector needs many infrastructural improvements as it is one of the prime exporting sectors of Goa,” said GCCI in a statement.

“There was also a request for the state of the art lab testing facilities, measures to be established in Goa which will save time and cost of exports as currently, testing has to be done from outside the state.”

At the meeting, GCCI once again pressed for a local office or support from the local government in setting up a Directorate of Exports headed by an IAS officer. As the director for exports, the IAS officer should be given the authority to solve issues of exporters, develop market linkages, and hand-holding aspiring exporters.

Directorate of Industries, Trade & Commerce functional manager Himanshu Patnekar gave a detailed presentation on export initiatives the through notified export strategy for the state-developed in collaboration with the Federation of Export .

The strategy revolves around facilitation towards policy, infrastructure, common facility, ease of doing business, and investment promotion. He also mentioned some of the initiatives such as notifying the Ballicontainer yard as an inland container depot, EUAviation Security Validated Regulated Agents certification for Goa International , and inspection agency lab to set up at Verna industrial estate.

GCCI also congratulated the state government for completing a successful hundred days and thanked Pramod Sawant for hearing out the industry’s requirements and providing an opportunity to give suggestions to improve under Ease of doing business.

rates eases as operators pass on cut on : Crisil.

Freight rates across the country eased in June after transport operators passed on the benefits of excise duty cut on fuel even though various sectors saw a decline in fleet utilisation during the month, a Crisil report said on Thursday. Crisil's pan-India freight index CRISFrex indicates that freight rates have dropped month-on-month with free cash flow or pre-equated monthly installment going back to April 2022 level, largely due to a drop in fuel prices, CRSIL said.

CRISFrex captures the changes in freight rates on a sequential basis. Besides, it also the Free Cash Flows (FCF) of transporters on an ongoing basis.

Higher FCF would typically support demand for commercial vehicles.

An initiative by EPIC India in association with ET Energy world, to create a
knowledgeable platform to discuss evidence-driven and innovative solutions
to mitigate India's environmental challenges.

The transporters had in May partially passed on the benefit of lower fuel prices after minister Nirmala Sitharaman on May 21 announced a cut in excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6, helping the oil marketing companies lower the prices of the two automobile fuels.

applications (largely coal) saw a flattish movement in freight rates over the past month, it said.

On the other hand, freight rates for products, , , , and saw a mid-single-digit decline, as per Crisil.

"However, fleet utilisation also dropped (in June), which took place at a faster rate in agri products, auto carriers, FMCG/FMCD, petroleum and . The remaining segments such as market load, parcel/loose goods, mining (largely coal) and container saw slower decline in utilisation," Crisil said in the report.

'Invest in & sector in '

State minister on Friday said has the potential to become the best
destination for investment in supply chain and logistics sector.

Speaking at 'Supply Chain Management & Logistics Summit 2022' organized by the Economic Times in , he said, "Bihar is well connected with its neighbouring states and the total market size, including its neighbouring states, is 55 crore people. We also have well developed infrastructure, huge water resources and cheap manpower. All these provide immense potential to the companies of this sector to invest in Bihar."

The event was attended by several honchos of this sector, including , managing director (South-Asia) Moller-Maersk ( - ), Abhinav Singh, director, , Prakash Gaur, CEO, Logistics Management Limited and Nanduri Srinivas, director, Corporation of India Limited.

India's supply chain and logistics sector is the largest in the world and it is a matter of happiness that the growth of this sector is also the highest at present. Bihar is also a part of this and I represent this state. We are, therefore, preparing ourselves for a giant leap in this sector,"
Shahnawaz said. He said Bihar is moving towards a new era of at a fast pace. "The role of the supply chain and logistics sector is necessary for the creation of a favourable industrial environment in Bihar," he said.

invests Rs 375 crore in its arm.

firm Amazon has invested Rs 375 crore in its Indian logistics
arm, Amazon Services, according to filings sourced from
business intelligence platform Tofler.

The cash infusion happened on June 16 through Amazon's entities in and - Amazon Corporate Holding Pvt Ltd and Amazon.com.incs Ltd.

The investment comes at a time when Amazon is onboarding more local sellers on its .

Amazon India country manager Manish Tiwary told ET on June 15 that the company would need "a couple of million more sellers"to attract 500 million more to Amazon.

Amazon India currently has 1.1 million sellers on its platform. Its total user base is more than 100 million.

Last month, Amazon launched Smart Commerce, an initiative that will help offline stores set up their own digital , in addition to selling on its
India marketplace.

This is similar to what -based does. Amazon will enable these
stores to sell on its marketplace and other platforms and logistics is one of the services provided through Smart Commerce and will enable sellers to sell
on platforms outside Amazon.

Through Smart Commerce, Amazon said stores of any size can now tap Amazon's in shopping, logistics, digital , and other areas to serve their consumers better, both digitally and in physical .

to develop hub in Nungi, Maheshtala.

To boost the industry in West Bengal, the state government will establish an apparel hub on 10 acre plot at Nungi in the Maheshtala area.

It will have a built-up area of 12 lakh sq ft and will be set up under the aegis of and department.

Residing in the neighbourhood of Nungi and in adjoining Metiabruz thousands of people work in the garments industry which is mostly operate in an unorganised manner.

Rajesh Pandey, Secretary of the MSME and textile department said, "This new apparel hub will accommodate around 30,000 people and will create over 1 lakh jobs. The investment will be to the tune of several lakh crores."

For the project a develop-build-finance-operate-and-transfer (DBFOT) model has been adopted.
Thus, private operators will be operating the apparel hub.

The state government is offering a parcel of land along with a boundary wall on lease
for 99 years for developing the hub. The state government is going to select
the interested private partner by this week.

sees no let up in surging cost of goods.

Maersk is viewed as a bellwether for as it goods for retailers and consumer companies from and to .

The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are "unlikely to abate in the short term," world No. 1 container shipping company Maersk told on Wednesday.

Higher supply chain costs have rocked the retail and packaged goods industries since the start of the outbreak, particularly over the past year as have started to recover, with logjams at key ports holding up of everything from and products to .

"I think some more inflation (will) come through in the years to come," Vincent Clerc, chief executive of and at Maersk said in an interview during the Consumer Goods Forum's Global conference in .

"Logistics is very energy and labour intensive, and those are two of the areas of the economy that are subject to significant inflationary pressure."

Clerc said that while congestion is improving in some parts of the world, it is becoming worse in others -- for instance, the of the and in .

"We're talking here about the availability of truck drivers, the availability of capacity to move the goods through to the ," he said.

Clerc also said that since the start of "trade tensions" with , global companies have been increasingly cutting the proportion of materials and goods they from the country, hoping to diversify away.

"We see a tendency, certainly, towards more even distribution and a reduced reliance on one or two specific areas."

face
potential of Rs 1,200
crore.

Garment exporters are staring at a potential loss of Rs 1,200 crore due to the
new conditions imposed in the Rebate of State and Central Taxes and Levies
( ) scheme.

The scheme offers against the and levies already paid by
exporters on the inputs. Now, this rebate has been converted into scrips that are tradeable. Exporters can sell the scrips to importers, who in turn can use the instrument as an alternative to cash to pay import duty. The scrips trade at a discount, which has now gone up to 20% from 3% in December, insiders said, putting pressure on the margins of garment exporters at a time when they are facing challenges on account of rising prices.

"This discounting of scrips benefits , who are taking undue
advantage at the cost of exporters," said Vijay Jindal, a member of the Apparel Export Promotion Council (AEPC) and president of the Garment Exporters & Manufacturers Association (GEMA).

Garment exports at $16 billion contribute 36% to the country's annual of $44 billion. According to estimates, reimbursement under the RoSCTL scheme is equal to around 5% of the apparel exports, or roughly Rs 6,000 crore. At a broad level, a discount of 20% on this would mean a direct hit of around Rs 1,200 crore for the exporters.

"The textile industry wants the to restart cash reimbursement instead of these tradeable scrips, as these scrips are trading at a 20%
discount," Jindal said. "This is resulting in a substantial cash transfer from exporters to importers and is helping the importers."

The textile industry employs around 45 million workers and is expected to be
worth more than $209 billion by 2029. But if this anomaly continues, then the industry will rapidly lose its global competitiveness to countries like and , where the labour cost is very low, say industry insiders.

Even though the scheme was launched with the intention of making India's textile industry competitive and bolstering exports, because of the discount
in the market, it is acting against the government's intention of helping the
exporters and is instead benefitting importers, they said. It also defeats the
purpose of the government's stated policy of ' ' for the , they added.

"At present, demand for such scrips is very less as exporters are finding it difficult to find enough importers who can buy the scrips," said Harish Ahuja, an executive member of the and management committee member of the .