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Land acquisition, GST delays hamper Modi's 'port-led' export drive

Unless govt makes faster progress on stalled rail and road corridors, exporters will find it hard to compete globally

Reuters  |  Mumbai 

Mumbai's commercial seaport, which handles over half the container traffic through India's major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse. The expansion, due to be completed in seven years, can't come quickly enough for Avinash Gupta, whose family business supplies steel forgings to Europe and the United States from the industrial hub of Ludhiana in northern India. Yet the greatest challenge his $30 million business faces is getting his production to port. Gupta pays nearly $800 to a state-run rail cargo company ...

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First Published: Thu, August 06 2015. 06:15 IST