Wednesday 27 August 2014

Shipping Cost Of Indian Exports Twice As High Vs China

Shipping costs incurred by Indian exporters is twice as high compared to those of China and thrice of Singapore, putting the country at a disadvantage in global trade, a study has found.

The study by industry body Assocham observed that the high cost of logistics could hit India's competitiveness."Shipping a container from India costs close to USD
1,200 while from China, it is in the range of USD 600 and Singapore about USD 400," the Assocham study said, citing World Bank data.

Likewise, the turnaround time at India's best port, JNPT in Mumbai that handles over 50 per cent of the country's containers, is 1.1 days (36 hours) while it is less than 12 hours in Singapore, Dubai, Shanghai and Colombo.

"If we want to become an exporting nation with a strong manufacturing base, Indian logistics infrastructure be it ports, airports, roads or rail network, these must be of international class, built seamlessly through the entire system," Assocham President Rana Kapoor said.



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