Prohibitive logistics costs, red tapism hurting Indias export competitiveness: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz The Associated Chambers of Commerce and Industry of India (ASSOCHAM) says that India need not wait for the trade facilitation agreement to improve its “under-performing” trade logistics and reduce red tapism -- two parameters that hurt the nation’s export competitiveness. A study conducted by ASSOCHAM, “Transports and Logistics in India”, reveals that India is poorly placed among Asian peers when it comes to exports. The shipping cost of export from India (about $1,200 per container) is almost double that from China (about $600 per container) and about three times that from Singapore (about $400 per container), it says. “A high level of logistics costs could affect India’s competitiveness, particularly for the products of ...
