To achieve 5% world share, Indias exports need to grow at 26%: Report
The Dollar Business Bureau India’s exports must grow at an average rate of more than 26% in the next five years, if the country wants to achieve the ambitious target of 5% share in world exports, according to a study. “However, this would require enhancing product competitiveness, which needs that the infrastructure for trade to be improved including ports infrastructure,” suggested a report ‘Port Logistics: Issues and Challenges in India’ by research firm Dun & Bradstreet. This and several other measures, including ensuring transparency in charges collected by shipping lines and creating a common digital platform, in order to strengthen port logistics and improve trade, recommended by Dun & Bradstreet in its study has been handed over to Commerce & Industry Minister Suresh ...
CBEC introduces online generation of rotation numbers for shipping lines/agents
The Dollar Business Bureau The Customs and Excise Department has made easy for shipping lines or agents by introducing the online generation of rotation numbers for vessels. Until now the process followed was a cumbersome one for both the Shipping Line(SL) or the Shipping Agent(SA). According to the process, the allotment of 'Rotation Number' for a vessel that calls on a port, the concerned Shipping Line or Shipping Agent (SL/SA) must file an application with the designated section in the Custom House, along with the desired particulars in the prescribed format. After confirmation of the particulars, the designated official who is assigned the appropriate role on the Indian Customs EDI System (ICES), enters the relevant data in this system. Upon submission of this ...
Shippingexchange.com looks to widen its global customer-base
The Dollar Business Bureau Having been recognised as the ‘best e-commerce platform for shipping and logistics’ earlier this year, Shippingexchange.com, one of India’s major marketing player of global shipping and logistics companies, looks to enhance its connection with global shippers to help them save on their ocean freight rates. The online portal, Shippingexchange.com, has been designed with the sole intention of helping traders get best ocean freight rates on their shipments. The portal is also intended to help Freight Forwarders NVOCCs Shipping lines secure business promotion of their preference without having the need to visit the shippers. “We are very happy that our modest contribution towards developing an internet based trade culture has been recognised and rewarded. We are committed to ...
