Logo

About Us

Abhyansh Shipping Services India Pvt. Ltd. is a leading logistics provider in India, proudly holding an ISO 9001:2015 certification.

Contact Us

+91-22-49789223
info@abhyanshshipping.com

A-901/902 -9th Floor, Shelton Sapphire, Plot No. 18/19, Sector 15, CBD Belapur, Navi Mumbai – 400 614

Social Media

Boosting Indian Exports: Key Sectors and Promising Markets

In a bid to revitalize the country’s exports, the commerce ministry has called upon exporters to focus on potential key sectors and explore new markets. The recent meeting chaired by commerce and industry minister Piyush Goyal emphasized the need to tap into sectors such as food, electronics, and engineering, while also identifying 12 major markets for export promotion. This proactive approach seeks to propel the shipping and logistics industry in India to new heights, fostering growth, and expanding opportunities.

The meeting highlighted six key sectors that hold immense potential for increasing India’s exports: food, textiles, engineering, electricals and electronics, medical devices, pharma, and auto components. By targeting these sectors, exporters can leverage India’s manufacturing prowess and technological capabilities to cater to global demand. This strategic focus will not only drive export growth but also strengthen the position of the shipping and logistics industry as a vital facilitator of international trade.

To further propel export growth, the commerce ministry identified 12 major markets with significant opportunities for Indian exporters. These markets include the United States, United Kingdom, Brazil, Germany, Saudi Arabia, Sweden, Taiwan, Korea, Japan, and Russia. By aligning export strategies with the demands and preferences of these markets, exporters can optimize their supply chains and gain a competitive edge. This concerted effort will undoubtedly bolster the shipping and logistics industry by increasing trade volumes and expanding global reach.

The meeting emphasized the interconnectedness between trade and investments. Recognizing the potential of global value chains, the commerce ministry emphasized the need to attract investments that can complement and enhance export capabilities. By fostering collaboration between domestic and international stakeholders, India can integrate into global value chains and tap into new markets. This integrated approach will not only boost exports but also stimulate investments in the shipping and logistics infrastructure, driving efficiency and seamless trade facilitation.

India’s export growth has been impacted by demand slowdown in major markets, high inflation in developed economies, and geopolitical tensions. To overcome these challenges, industry representatives, export promotion councils, and trade associations participated in the meeting to collectively identify strategies and solutions. The government’s commitment to promoting exports is reflected in the development of a comprehensive trade strategy, which focuses on key countries accounting for a significant share of India’s exports. This forward-thinking approach aims to mitigate risks, diversify export markets, and create new avenues for growth.

As India strives to regain its export momentum, the proactive initiatives undertaken by the commerce ministry are set to unlock the immense potential of key sectors and promising markets. The concerted efforts to promote exports, attract investments, and foster collaboration among stakeholders will undoubtedly propel the shipping and logistics industry to new heights. With a strategic focus on sectoral growth, market diversification, and improved trade facilitation, India is well-positioned to strengthen its presence in the global export arena. As the nation’s shipping and logistics infrastructure evolves to meet the demands of a dynamic industry, it will continue to play a pivotal role in facilitating seamless trade and driving economic growth.

India Releases Its New National Logistics Policy

The National Logistics Policy was launched on 17 September by the Indian government with the aim of promoting the seamless movement of goods across the country and also improving the competitiveness of Indian goods in domestic and global markets.

As per the policy, India has a goal to reach the global benchmark of logistics costs by 2030. The policy lists down a clear-cut action plan to reduce the current level of logistics cost from 13-14% to 8%. Though it is not an easy feat, the policy focuses on the fact that the higher cost of logistics in India is a big hindrance to improving efficiency across various sectors. The developed economies spend less on logistics making them competitive even if the cost of production remains the same for them. India wishes to bring the logistics cost to a single digit as soon as possible as it is a vital element of its grand plan to become a formidable economy.

To achieve this ambitious goal, the government is going to integrate seven ministries on one platform to offer cargo movement information to logistics companies. It will create a Unified Logistics Interface Platform (ULIP) for easy governance of these integrated ministries. The government is also planning to bring 17 digital platforms together to have a unified view of the logistics information in India.

The government will make the cargo data available to logistics companies, importers, and exporters. Also, it will offer faster clearances for cargo movements. This is expected to increase productivity and reduce resource wastage.

For India’s prosperity, it is critical that the logistics network is spread to every nook and corner of the country. This new National Logistics Policy is aimed at encouraging logistics companies to operate at blazing fast speed to reduce wastage of perishable products, enable last-mile delivery, and make Indian goods competitive locally and globally by helping reduce the cost.

Abhyansh Shipping is committed to improving its services for customers and is hopeful that the new National Logistics Policy will enable it to deliver seamless logistics services that are efficient and cost-effective.