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i-maritime News Letter

Shipment efficiency analysis to assess trade practices - 2012-06-18

A shipment efficiency analysis is to be carried out in India to assess shelf-to-shelf (from production centre to a destination) trade practices.

This was announced jointly by representatives of the Confederation of Indian Industry and the Global Coalition for Efficient Logistics.

Both have announced their plan to deploy an India-Indonesia Benchmark Trade Lane. This is part of Global Coalition’s HumaWealth programme to empower India’s digital economy.

The programme will reduce India’s annual trade costs by $9.1 billion and business operating costs by up to 15 per cent at no cost to end users, said Global Coalition Chairman, Capt Samuel Salloum.

Source : Hindu Business Line