Financial Daily from THE HINDU group of publications
Monday, Nov 01, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Logistics - Shipping
Industry & Economy - Exports & Imports


Unexplained charges thrust on eastern exporters

Our Kolkata Bureau

EXPORTERS in the eastern region, already hit by mounting transaction costs and other problems, have for long been suffering because of the largely unexplained port-related charges such as terminal handing charges, charges for hooking, etc., at Haldia and Kolkata ports.

At a recent interface with Dr H. A. C.Prasad, Economic Advisor in the Ministry of Commerce, representatives of top export houses of the region such as Tata International and Philips Carbon Black, described the problems they were facing.

The exporters were given an assurance by Dr Prasad that the matter would be looked into with all the seriousness it deserved. It was decided at the meeting, organised by the Federation of Indian Export Organisations (FIEO), that a detailed study of all the unexplained charges thrust on the hapless exporter would be undertaken and solutions found speedily.

The FIEO is of the view that exporters should not be made to bear such unexplained costs, which added to transaction costs, making Indian exports highly uncompetitive.

According to Mr T. K. Chatterjee of FIEO, eastern region, some useful suggestions have been made for consideration of the Commerce Ministry to ease the burden on the exporters.

Among the participants at the meet were representatives of West Bengal Clearing and Forwarding Agents and Port Logistics Solutions.

Mr Chatterjee said he was hopeful that early steps would be taken by the Commerce Ministry to tackle the problem.

More Stories on : Shipping | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Ministry to charge Rs 500 per passenger to fund greenfield airports


Drop in fares boosts Air Deccan's profits
Rs 5,000-10,000 cr needed for airports' revamp
Qatar Air office at Thiruvalla
Petronet board clears Kochi LNG project — Work to begin next month
To attract more tonnage — Govt to flag off `open register'
Unexplained charges thrust on eastern exporters
`Freight market boom will last till 2007-08' — Mr Sanjay Mehta, CEO and MD, Essar Shipping
Rlys to hike `Tatkal' charges
Infam plea on road network



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line