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    <author>ENA</author>
    <category>Sectors</category>
    <date>2025-07-11 16:07:40</date>
    <fulldesc>&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;&lt;strong&gt;New Delhi, July 11 (KNN)&lt;/strong&gt; India must bolster its shipping and logistics infrastructure to reduce vulnerability during global disruptions and enhance trade competitiveness, Special Secretary, Department of Commerce, Rajesh Agrawal, said on Thursday.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Speaking at the Confederation of Indian Industry's (CII) Export Logistics Conclave, Agrawal highlighted that the limited number of Indian-flagged vessels contributes to a significant services trade deficit&amp;mdash;approximately USD 50 billion&amp;mdash;linked solely to maritime logistics. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;He described the situation as unsustainable and warned that inadequate control over logistics systems leaves India exposed during international crises.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Countries with stronger control over logistics systems fare better during global disruptions, he noted, citing spikes in shipping costs during the COVID-19 pandemic and recent Red Sea tensions that adversely impacted Indian exports.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;Agrawal emphasised the need for India to establish a minimum level of control over the global logistics ecosystem to support its long-term trade ambitions, including the vision of becoming a developed economy by 2047 under the Viksit Bharat initiative. &lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;He pointed out that India currently has limited influence over both maritime and air cargo capacity, which often results in delays and higher costs for exporters.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;He cited a specific case where containers bound for African markets must transit through foreign hubs like Singapore or Dubai, adding both time and expense to the shipment process.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;span style=&quot;font-size:14px&quot;&gt;The remarks come amid renewed focus on building robust supply chains and logistics capabilities as India seeks to emerge as a global manufacturing and trading hub.&lt;/span&gt;&lt;/p&gt;&#13;
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&lt;p&gt;&lt;em&gt;&lt;strong&gt;&lt;span style=&quot;font-size:14px&quot;&gt;(KNN Bureau)&lt;/span&gt;&lt;/strong&gt;&lt;/em&gt;&lt;/p&gt;&#13;
</fulldesc>
    <id>42773</id>
    <link>https://knnindia.co.in/news/newsdetails/sectors/india-must-strengthen-shipping-logistics-to-cut-trade-disruptions-commerce-dept-secy</link>
    <pubDate>2025-07-11 16:07:40</pubDate>
    <source>knnindia.co.in</source>
    <title>India Must Strengthen Shipping &amp; Logistics To Cut Trade Disruptions: Commerce Dept Secy</title>
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