CII Ser­vice Sec­tor Con­clave rec­om­mends for a Nodal Body un­der Cab­i­net Sec­re­tary

Cargo Talk - - Contents -

The

re­cently-held CII Ser­vice Sec­tor Con­clave in New Delhi wit­nessed lo­gis­tics ser­vice in­dus­try get­ting recog­nised by cor­po­rate houses as well as pol­icy-mak­ers. Ad­dress­ing the gath­er­ing, Anand Sharma, Union Min­is­ter for Com­merce and In­dus­try, em­pha­sised the im­por­tance of lo­gis­tics ser­vices for the build­ing the na­tion’s econ­omy and pro­posed a Com­pet­i­tive­ness Coun­cil for Ser­vices Sec­tor to make the in­dus­try world­stan­dard. “In­dia’s ser­vices sec­tor con­trib­utes to around 60 per cent of our GDP, 35 per cent of em­ploy­ment, a quar­ter of the coun­try’s to­tal trade and more than half of its for­eign in­vest­ment in­flows. How­ever, in a global mar­ket of US$ 4 tril­lion of ser­vices ex­ports, In­dia’s share is still low. It’s US$ 227 bil­lion,” the min­is­ter pointed out. “Lo­gis­tics ser­vices is one of the sec­tors that re­quires our at­ten­tion in the con­text of ser­vices ex­ports,” added

SR Rao, Com­merce Sec­re­tary, Gov­ern­ment

of In­dia.

The Con­clave was also ad­dressed by sev­eral lo­gis­tics ser­vice providers in­clud­ing

Tushar Jani, Chair­man, SCA Group and Chair­man, Blue Sea Ship­ping Agency;

Vas­ant Murthy, CEO, Con­tainer & Lo­gis­tics Busi­ness, Adani Port & SEZ and Pri­tam

Ban­er­jee, Se­nior Di­rec­tor, Cor­po­rate Pub­lic Pol­icy, Deutsche Post DHL. Ac­cord­ing to them, to strengthen the lo­gis­tics ser­vices in In­dia, the need is to set up a Nodal Body un­der the Cab­i­net sec­re­tary to bring in proper co­or­di­na­tion be­tween sev­eral min­istries in­volved with this sec­tor.

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