Financial Daily from THE HINDU group of publications
Tuesday, Sep 07, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 07, 2004 |
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Opinion
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Letters Trade policy
The foreign trade policy announced by the Industry and Commerce Minister, Mr Kamal Nath, restates the laudable objective of making India a global trading hub; but the ground realities are hardly inspiring. At present, most of the Indian ports are congested resulting in berthing delays and backlog of import and export cargo. Many shipping companies refuse to accept import cargoes to Indian ports and inland container depots due to prevailing congestion. The embargo imposed by Nhava Sheva Port authorities on scrap import is worth mentioning in this context. In the South, due to infrastructural deficiency, the rail link between inland container depots and Kochi port has been discontinued, adding to the woes of Chennai port, which is already faced with congestion, labour problems and so on. It is high time that the authorities concerned take steps to create world class infrastructure and bring about a pro-business attitude at all levels of foreign trade policy implementing and operating agencies, while trying to reduce the trade-Government interface at lower levels. M. Gopinath Bangalore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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