In its Interim Budget 2019, Finance Minister Piyush Goyal has announced government intention to strengthen the Sagarmala Project. According to Piyush Sinha, Deputy Managing Director, NEC Technologies India, this is a positive a step as it will help in transforming India through port modernization.
“Government has announced to strengthen the Sagarmala Project which is a positive step towards transforming the nation through port modernization. The emphasis on port development will give a further impetus to Prime Minister Narendra Modi’s vision of Ease of Doing business in India,” said Sinha.
Citing World Bank Report, he said, “On Ease of Doing Business, India has taken a huge leap of 23 ranks from 100 in 2017-18 to 77 in 2018-19 indicating it is continuing its steady shift towards global standards. We welcome government’s push for ‘Trading across borders’ which shows an impressive improvement from 146 rank last year to 80th rank this year.”
According to Sinha, upgradation of port infrastructure, improvement of processes, and digitization of document submission has not only reduced export and import cargo handling time at ports but has significantly contributed towards improving the trading across border parameter and India’s impressive growth in the World Bank’s report.
“We hope that the government’s focus on development of port infrastructure and capacity enhancement, improvement in last mile connectivity and development of multi-modal hubs to promote EXIM while reducing logistics cost and time will prove beneficial for the Indian economy in the long run thereby making India a global power house,” expects Sinha.
“We believe that initiatives like installation of Radio Frequency Identification (RFID) system at major ports to enhance security and remove bottlenecks for seamless movement of traffic across port gates,” he said.
“DMICDC’s Logistics Databank system (LDB) deployment for tracking & tracing movement of EXIM container in the major ports thereby enabling the consigners and consignees to track the movement of the containers from LDB portal and Direct Port Delivery (DPD) and Direct Port Entry (DPE) enabling direct movement of containers from factories or port without intermediate handling requirement, thus saving cost & time will help in fulfilling government’s vision of Ease of Doing Business in India,” he explainedNews, Follow us on Twitter and Facebook