Delegation of 90 FFFAI members hosts executive committee meeting in Dubai

The Executive Committee of the Federation of Freight Forwarders’ Associations in India (FFFAI) hosted its 4th EC Meeting on March 23, 2022 in Dubai while participating in the World Expo 2020 in association with the Federation of Indian Export Organisations (FIEO) organised event, the 3rd Logix 2022, which started on March 21, 2022. On this occasion, the three-day FFFAI delegation, headed by Shankar Shinde, Chairman, FFFFAI, had various meetings and conferences, including the importance of the India-UAE CEPA agreement.
FFFAI Executive Committee members included representatives from its 28 member associations from across the country, and the logistics sector was represented by a delegation.
During the 3-day delegation, there were various business networking meetings organised with trade and logistics associations.
Shinde pointed out that the initiatives of FIEO-FFFAI in organising the delegation to the event for logistics are very important as logistics is the backbone of the economy and plays an important role in supply chain and cost-effective solutions to boost the economy.
The 3-day mega international buyer-seller meet LOGIX INDIA is an initiative focused on improving cost-effectiveness and operational efficiencies and creating an effective trade logistic system. According to FIEO sources, the first two editions of the show, which were held in New Delhi, witnessed over 3,000 B2B meetings. The past editions of the show had over 120 international delegates from over 24 countries and around 140 Indian logistics, warehousing, and shipping companies. The show is aimed at exploring investment opportunities in infrastructure development, warehouse consolidation, technology integration, IT enablement, and the skilling of manpower. The third Logix India 2022 brought together people, processes, and technology to improve global supply chain logistics.
Currently, India’s logistics sector is highly fragmented, and the goal is to reduce logistics costs from 14% of GDP to less than 10% by 2022. The Indian government plans to spend USD 1.5 trillion on improving infrastructure, and most of the investments will take place in improving airports, ports, roads, and rail connectivity. Sizeable investments will also be made in AI, IoT, and Big Data for the transformation of the supply chain and logistics industry.
Organising the LOGIX INDIA 2022 in Dubai is very significant in view of the fact that the strategic location is a very strong transit point with all the required logistics infrastructure and allied facilities. On the other hand, with the recent signing of the India-UAE FTA, the trade opportunities between the two countries are expected to grow at a phenomenal pace. Trade is expected to touch USD 100 billion in the next 5 years and most Indian items are now duty-free in the UAE.