‘Sizeable budget allocation to enhance logistics infras vital’

Xerrxes Master, President, Association of Multimodal Transport Operators of India (AMTOI) says, “As a logistician, if we have to come down from 15% to 8% in logistics cost within 5-7 years, then the focus from the government and the quantum of investments should be much more. We have to remember that Indian logistics is fairly unstructured yet large. Sizeable budgetary allocation for logistics infrastructure development backed by incentives for timely completion of these projects is essential. Our expectations from custom departments is to automate or digitalize below identified processes for faster clearance of cargo which will ultimately help in reducing the logistics cost.
a) e-KYC Verification norms
b) Simplify the processing of export cargo at cargo terminals by using online agreed messages between Custodian and Custom with system integration
c) Digital processing of Transshipment cargo to make the process simpler, paperless and faster
d) Developing online consol amendment process