Exporters urge Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, to address high terminal fees and low dry port usage, raising logistics costs significantly.
Breaking News:
Exporters and freight agencies raised concerns about high terminal handling charges and underutilised dry ports during a meeting with Commerce and Industry Minister Piyush Goyal.
Key issues:
- High Fees: Terminal handling fees at shipping terminals are ₹10,000–₹15,000 higher per consignment compared to port charges.
- Logistics Costs: Low usage of dry ports or inland container depots adds to rising logistics expenses.
- Government Response: The meeting, aimed at reviewing logistics and shipping challenges, saw assurances from the government to work on reducing logistics costs nationwide.
India is targeting $800 billion in goods and services exports for FY25, up from $778 billion in FY24.