On August 29, 2023, FFFAI delegation led by its Chairman Shankar Shinde along with the Office Bearers (OBs) of the Federation of Freight Forwarders’ Associations in India (FFFAI) met Sanjay Malhotra, Revenue Secretary, Ministry of Finance, Government of India to update on exim trade facilitation measures.
The delegation also included Chairman Elect Dushyant Mulani, Vice Chairmen Rajesh Verma, and Amit Kamat, Hony. Secretary Vinod Sharma, Hony. Treasurer Sudhir Aggarwal and Advisor S. Ramakrishna. According to Shinde, the discussions were very progressive which was focussed on the improvement of processes in Customs Clearance and Logistics. Several Trade Facilitation measures which can improve the timelines for Clearances were also discussed.
The FFFAI Chairman further informed that the Federation would collaborate with the Ministry of Finance in initiating research studies to achieve EODB (Ease of Doing Business) and LPI (Logistics Performance Index) ranking.
“FFFAI is committed to extending its support and contribution to the government in achieving a $5 trillion economy by 2025. Logistics has a pivotal role to play in this regard and the Government of India collaborating with the logistics industry professionals will have to continue strengthening the trade facilitation measures through developing world standard infrastructure and formulating conducive policies for fast, smooth, and end-to-end logistics operations,” stated Shinde.
FFFAI would be jointly working with the Ministry of Finance in framing a research study that would be measured and monitored in achieving goals towards trade facilitation in International Exim trade. Malhotra extended his full support to the Government of India to accomplish the government’s endeavour in the journey of achieving 3rd largest economy in the world and adopting best practices to have a leadership position.