Shreyas Shipping and Logistics Ltd, won the prestigious India CSR award in the category of 'Community Development' and in the domain of disaster relief for our concerted efforts in Kerala. We effectively reached out to over 5000 flood-affected people in the districts of Alleppey, Wayanad, Palakkad and North-Paravur in Kerala through the mediums of disaster relief kits, health camps and reconstruction of damaged schools, anganwadis and individual households.
Avana Logistek Ltd has been awarded as winner of "Outperformers in Business" for more than 100 Commercial Vehicles category and has won the prestigious Mahindra Transport Excellence Awards 2019.
Transworld Group awarded with "Transportation and Logistics In-House Team of the Year" at the Thomson Reuters Asia Legal Business India Law Awards 2019.
Transworld Group's sustained efforts to support the flood affected populace of Kerala has won us an award in the category of "Community Development" at the ET Now: World CSR Congress held on 18th February 2019 at Mumbai. Ms. Shikha Shabdita, GM-CR Transworld Group was also awarded as '100 Most Impactful CSR Leaders' for the fifth consecutive year at the World CSR Congress 2019 at Mumbai.
Transworld Group, UAE has been conferred the accreditation as a 'Great Place to Work® Certified Company'
Shreyas Shipping and Logistics Ltd awarded as "SHIPPING LINE OF THE YEAR - COASTAL OPERATOR" and Avana Global FZCO awarded as "NVOCC OF THE YEAR - MIDDLE EAST TRADE LANE" at 10th Edition of Gujarat Junction 2019.
"Transworld Group as a global shipping and logistics group needs to be technologically advance to cater to the customers of tomorrow and hence partnered with Oracle to provide the comprehensive solution" - T.N. Seetharaman, CEO - Global Logistics Division, Transworld Group, sharing his insightful thoughts and the way forward for the group
Transworld Group has rebranded Shreyas Relay Systems Ltd and Balaji Shipping Line FZCO, into Avana Logistek Ltd. which takes care of the logistics and supply chain activities of the group. With this, the coastal division, Shreyas Relay Systems Ltd was converted to Avana Coastal and NVOCC division, Balaji Shipping Line FZCO was transformed to Avana Global.
Customer Centrality as its core value and in line with the philosophy of customer first approach, Transworld Group of companies comprising of Avana Logistek Ltd, Shreyas Shipping & Logistics Ltd, Transworld Feeders FZCO, BSL Freight Solutions Pvt Ltd, Transworld Logistics FZE and other Group companies, through this project will leverage technology enabled solutions and customer connect e-platforms to provide real-time information, swift business process and a digital customer interface.
Avana Logistek Ltd, a Mumbai-based logistics company, has filed a draft prospectus with the Securities and Exchange Board of India for an initial public offering. The IPO will comprise a fresh issue of shares for up to Rs 300 crore ($44 million) and an offer for sale of 4.3 million shares by promoter group firm Transworld Holdings Ltd, according to a stock-exchange filing.
Withdrawal of India’s GSP benefits by USA
Press Release Draft
The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India’s GSP benefits. These are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US. India, like the US and other nations shall always uphold its national interest in these matters...
Withdrawal of India’s GSP benefits by USA
Press Release Draft
The United States of America (USA) has w.e.f. 5 June 2019 withdrawn India’s GSP benefits. These are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. India as part of our bilateral trade discussions, had offered resolution on significant US requests in an effort to find a mutually acceptable way forward. It is unfortunate that this did not find acceptance by the US. India, like the US and other nations shall always uphold its national interest in these matters. We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach.
In any relationship, in particular in the area of economic ties, there are ongoing issues which get resolved mutually from time to time. We view this issue as a part of this regular process and will continue to build on our strong ties with the US, both economic and people-to-people. We are confident that the two Nations will continue to work together intensively for further growing these ties in a mutually beneficial manner.
Source: PIB, Government of India, Ministry of Commerce & Industry
Unquote by TNS
It is appears that, in spite of our efforts to find a mutually acceptable way, we have not yielded the desired outcome. There could be many reasons including the protectionist policies of the USA.
Having said this, decision of USA is going to impact the trade sentiment in general. On one hand we are trying to get more market access and opportunities arising out of undeclared trade war between USA & China and on the other side, there is further possibility of changing rules and criteria for H1B visas for Indians. Even if there is possibility of capturing some market share in China, it is not very easy as products have to be cost competitive.
The action of USA has some background. USA & other 39 countries are opposing various subsidies & incentives granted by India & panel has been constituted in WTO under the provisions of Anti-subsidy and Countervailing Measures. India is also facing a challenge by countries such as Australia, Guatemala, Costa Rica, Thailand, the EU and Brazil at the WTO forits sugar and sugarcane subsidies. Brazil has requested for a consultation and the rest of the countries have requested to join on the ground that their substantial interest lies in the consultation soon to begin at the WTO. Paraguay, Thailand, Pakistan, Canada and New Zealand are also amongst the countries which have raised their concerns. The subject of agricultural subsidies is very delicate and the negotiations have been far more protectionist in this area.
Under these circumstances it would be difficult to protect schemes like MEIS and our government is fully aware of it. The final solution to all these problems is moving away from “so called incentives” and concentrating on schemes like “Refund of Central and State Levis”, which are WTO compatible. Industry needs to take very serious view of these challenges and must concentrate on realistic measures.
Unquote by T N Seetharaman, CEO - Global Logistics Division - Transworld Group