‘Single window system crucial to expedite EXIM trade’

“Regulations need to be simplified and standardized to make cross-border trading more efficient. A single-window customs clearance system needs to be created expediting imports and exports, says Amit Maheshwari, Founder & CEO, Softlink Global. We must invest in the latest logistics software solutions to ensure real-time tracking, efficient operations, and compliance management. He adds, “Enhancing the capacity and efficiency of major ports and airports to handle increased cargo traffic is important. A strategic investment in rail, road, and waterways to improve multimodal connectivity to these ports and airports is the need of the hour. We need policy reforms that are in step with global best practices. The absence of uniform and advanced technological systems for tracking, compliance, and operation management results in inefficiencies. On the other hand, adoption of technology also necessitates robust cybersecurity measures, which might not always be in place. Now, envisioning grand ports and a digitalized logistics network is fantastic, but the reality check is in the financing.”