‘It will improve competitiveness of products like pharma, engineering goods, textiles’

Sunil Kohli, MD, Rahat Cargo said, “The Eurasian trade routes will benefit India by reducing logistics cost and transit time while expanding global market access thereby creating new opportunities for Indian exporters specially the MSMEs. An economic and accelerated penetration into European and Eurasian markets are expected to improve the competitiveness of Indian products such as pharmaceuticals, engineering goods and textiles. The project like India-Middle East Europe Economic Corridor (IMEC) will attract considerable FDIs into India’s transportations, logistics and industrial sectors. The advantages may also include by developing ports and logistics centres along new routes which will enhance local economic activities by creating industrial parks and spur job creation in construction and related industries. Therefore, the proposed new routes may lead to achieving an overall benefit for the cargo trade.”