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OFFICE OF THE COMMISSIONER OF CUSTOMS (General), MUMBAI ZONE-II, CCSP CELL, JNCH
Vol. XXVI No. 82 rd FRIDAY 7 AUGUST 2020
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Govt taking steps to reduce Logistics cost to boost growth: Mansukh Mandaviya NEW DELHI: The Government has initiated multiple steps to reduce high logistics cost, including strengthening inland waterways, Shipping Minister Mansukh Mandaviya said recently, as he urged private players to join hands to propel India’s growth. Mandaviya, who was addressing a virtual event ”Creating Multimodal Transport Network Using Big Data” organised by PHDCCI, also expressed concern over the high logistics cost in the country, which was 30 per cent more than that in developed nations.
“The Government of India has taken a large number of steps to reduce logistics cost in the country in order to fuel growth. These include making a network of inland waterways to transport cargo in a cost-effective manner. We have made 1,400 km of waterways operational,” Mandaviya said. The Minister said the aim of creating a network of waterways is to reduce logistics costs, boost exports and make the country self-reliant, as per Prime Minister Narendra Modi’s Cont’d. Pg. 3 ”Atmanirbhar Bharat” initiative.
DGFT in revamping mode Indian Railways announces revised Freight Policy to address Trade issues NEW DELHI: The Directorate General of Foreign Trade (DGFT) is undergoing a revamp to address issues related to trade barriers as well as help build capacities to accelerate exports, said the Oorganisation’s Chief recently. The body is working in consultation with the industry to augment domestic manufacturing and boost exports in several electronics and hardware items, especially those in the healthcare and pharmaceutical sector. The development comes after the government earlier this year had to block exports of crucial devices like ventilators when it was found that there was not enough domestic capacity for these products to allow the industry to meet Cont’d. Pg. 15 foreign commitments.
NEW DELHI: Indian Railways revises its Freight Policy during Unlock 3.0 to boost its freight traffic. The new policy measures are expected to further boost the incentives for all freight customers to transport their goods through Railways. More relaxations have been provided to the customers by a slew of incentives announced by Indian Railways. These incentives are expected to boost the economy. Railways has already overtaken last year’s figures for the corresponding period. In the month of August 2020, it has loaded 8.64 MT freight as compared to 8.37 MT last year same period. It hopes to achieve great results in spite of many challenges during the COVID-19 situation with revised freight policy. Cont’d. Pg. 3