India to set up logistic hubs near sea ports

The Indian government is setting up logistic hubs near sea ports with private sector participation to address several challenges related to receiving shipments and also inland transportation of goods. The government is also trying to make electronic data interchanges at major ports that are completely under the control of the central government.

This was informed by union commerce minister Nirmala Sitharaman while inaugurating an ASSOCHAM conference on ‘Strategies for double digit growth in exports’ held in New Delhi.

“We are establishing logistic hubs nearer the sea ports, which would address immediate concerns that would be sustainable in the long term,” Sitharaman said.

Highlighting that a complete, comprehensive picture is being handled on the logistics front, she added that her ministry was engaging with railways to cut down costs.

She also informed that a review of Foreign Trade Policy (FTP) is underway and that the government was identifying more and more hurdles each year, without which exporters or manufacturers would be better off.