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There is a need to understand product specific supply chains for India urges Commerce Minister

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There is a need to understand product specific supply chains for to integrate effectively into global supply chains, according to of Commerce and Industry and Civil Aviation, He made these comments while a meeting with the team in yesterday. The team was led by Caroline Freund, Director of Trade, Regional Integration and Investment and Junaid Ahmad, for the in Discussions were held to explore ways to strengthen support towards India's development with collaboration in specific areas of trade, and investment. The highlighted the work being done by the Ministry for developing a National Integrated Logistic Policy (NILP). The Policy will focus on increasing the capacity of storage and warehousing and other value added services.

Multimodal parks, integrating various transportation modes, are also being developed right up to the district level. The also highlighted the work being done by the Ministry towards identifying specific products and markets to increase India's exports by USD 100 bn. He underlined the need for understanding product specific supply chains for to integrate effectively into global supply chains. The (NILP) will reduced the cost of goods and make Indian product more competitive.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 13:06 IST
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