‘India’s pharma, textiles, electronics exports can benefit from quicker & reliable transportation’

Keku Bomi Gazder, MD and CEO, Aviapro Logistic Services says, “Air cargo should indeed be considered a priority in Free Trade Agreements (FTAs). Prioritising air cargo in FTAs can have a significant positive impact on cross-border trade for several reasons. Firstly, air cargo offers unmatched speed and efficiency in transporting goods, reducing lead times, and allowing for quicker delivery of products. This efficiency can lead to a boost in trade activities. It enhances accessibility to a wider range of markets, making it easier for businesses to engage in international trade and reach consumers globally. Secondly, Air cargo is particularly crucial for perishable and high-value goods that require swift transportation to maintain quality and value. Prioritising air cargo can open opportunities in sectors such as agriculture and electronics. Including provisions related to air cargo in FTAs can help reduce trade barriers, such as customs delays and bureaucratic procedures, further facilitating trade. Therefore Yes, prioritising air cargo in FTAs can streamline cross-border trade, boost economic activities, and help nations fully harness the benefits of international commerce. Prioritising air cargo in FTAs can offer several advantages to India’s EXIM (Export-Import) trade, investments, and participation in global markets. India’s exports, especially in sectors like pharmaceuticals, textiles, and electronics, can benefit from quicker and more reliable transportation through air cargo. This can open new markets and increase export volumes. A robust air cargo infrastructure can make India more attractive to foreign investors looking to establish supply chains or manufacturing operations in the country. It enhances India’s position as a favourable investment destination.
Participation in global value chains becomes more accessible when there’s efficient air cargo connectivity. Indian businesses can become integral parts of international production networks. Increased exports and foreign investments stimulated by prioritizing air cargo can contribute to economic growth, job creation, and overall prosperity. It enhances India’s competitiveness on the global stage by reducing logistics costs and lead times. Overall, prioritizing air cargo in FTAs can serve as a catalyst for India’s economic growth, boosting exports, attracting investments, and strengthening its position in the global marketplace.”