India Development News & Foreign Investment Opportunities

FIEO efforts on reducing delivery cycle

New opportunities at LOGIX India

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New opportunities at LOGIX India

 

FIEO.

 

Efforts are being made in reducing the product delivery cycle for exports/imports, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

“And this requires sustained efforts in making our supply chains more efficient and transparent,” he conceded.

“With logistics players having an extensive footprint, businesses can now spread their wings far and wide,” added Gupta at the inaugural LOGIX INDIA 2019 on 31 Jan 2019.

LOGIX INDIA is FIEO’s major initiative for improving International Trade logistics from India.

“We are optimistic that business interactions will open new vistas for Indian exim trade in challenging markets,” he said.

Delegations from 27 countries are attending LOGIX INDIA 2019 which also has over 130 International Logistics and Freight Forwarder companies showcasing their expertise.

They are planning to develop trade linkages with India in the form of partnerships, joint ventures and 100% foreign entities.

“Doing Business with CIS countries has always been challenging for Indian exporters. (But) we are getting Logistics Business delegations from Azerbaijan, Belarus, Kazakhstan, Tajikistan, Uzbekistan and we are hopeful on reaching new breakthroughs,” added Dr. Ajay Sahai, FIEO’s Director General & CEO.

These interactions would will also push traffic through the International North South Transport Corridor (INSTC), a better alternative which is cost effective and saves time, Sahai pointed out.

Delegation from Afghanistan, Myanmar, Iran, Iraq and ASEAN are attending LOGIX INDIA which will give Indian exports a new impetus from these markets, he said.

As logistics becomes multimodal, Indian freight companies would need partnerships for Overseas Warehousing, Railways, Road, Aviation and Marine transportation, said Sahai.

states like Tamil Nadu and Telangana are showcasing India Investment opportunities and this should encourage overseas companies to set up their India operations.

The three-day event, 31 Jan-2 Feb, is attended by 500 leading Indian and International organisations in New Delhi. fiinews.com

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