Enhance trade, network & connectivity to become hub’

Satyaki Raghunath, Chief Strategy and Development Officer, BIAL says, “India’s trade prospects are hindered by inadequate infrastructure such as airports, roadways and logistics facilities. These factors affect the efficiency of cargo movement and trade operations. To become a trade hub, India needs to invest in infrastructure development and modernization, improve connectivity and reduce logistical bottlenecks. Regulatory procedures, such as customs clearance, licensing and documentation requirements are complex and time-consuming, which increases the transaction costs for businesses. To boost air cargo and facilitate smoother trade operations, customs authorities are adopting digital solutions, streamlining and simplifying procedures and implementing single-window clearance systems. These efforts aim to enhance the ease of doing business. However, India still needs significant improvements in infrastructure, especially in transportation and logistics, to become a world cargo and trade hub.”