MCCI & FFFAI focus on India’s trade with neighbouring countries

The MCCI Logistics Forum 2019 emphasised on regular communication between importers of Nepal and the service providers in India to bring down logistics cost. Sudip Dey, Vice Chairman, Federation of Freight Forwarders Associations in India (FFFAI), suggests, “There must be regular interactions between the importers of Nepal and Kolkata service providers to bring down cost of Nepal imports. It was only due to lack of communication that anomalies were happening such as port ground rent, penalty by Railways etc. Kolkata Port Trust (KoPT) may keep a liaison officer in Nepal for dealing with day-to-day issues. Border restrictions for transit into Nepal should be done away with and vigilance should be done with the help of risk management & IT.”
Highlighting the importance of Indo-Nepal as well as regional trade MCCI officials maintained an efficient logistics and transportation infrastructure that would be critical for strengthening India’s trade and economic engagement with its neighbouring countries like Bangladesh, Nepal, Bhutan and Myanmar. Of India’s total trade with the neighbouring countries, over 55 per cent is through land-based trading points. CBIC has designated 109 border trading locations as ‘Land Customs Stations‘ (LCS), of which 85 are operational. The adequacy of infrastructure at these LCSs, including warehousing, examination sheds, parking bays etc. as well as seamless movement and faster clearances by regulatory agencies like customs, FSSAI, plant and animal quarantine will be critical to increase the overall trade across India’s borders.