At the upcoming meeting of the trade and investment working group under its G20 presidency, India will push the agenda of how logistics can be made ‘fair and accessible’ for developing nations, people aware of the matter said.
The focus will also be on how logistics costs can be reduced, as far as international trade is concerned.
“Shipping costs have fallen as the pandemic-related supply chain disruption has eased. A large portion of its containers come from China. To increase container production, we also plan to launch a PLI (production-linked incentive scheme) on this,” one of the people cited above told Business Standard.
Domestic manufacturing of containers will not only cut logistics costs but is also expected to reduce its dependence on China as far as shipping containers are concerned.
The commerce department is now gearing up for the trade and investment
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