Govt. seeks technological support
The Commerce Ministry plans to evaluate the suitability of new technologies like EVs, hyperloop & personal rapid transit for freight transport to bring down the costs to less than 10 per cent of the gross domestic product (GDP) by 2022. India’s logistics and transportation costs are as high as 14.4 per cent of GDP compared with China’s 8 per cent. “These are upcoming technologies and we need to know their potential and impact, “expressed Julian Michael Bevis, Senior Director, Group Relations South Asia, The Maersk Group. He mentioned, “When combined with efforts towards building out India’s infrastructure, we believe this initiative is a step in the right direction. Together, these will not only address issues related to cost and complexity but will also bring down India’s carbon footprint and improve its turnaround time which will positively impact the country’s overall EXIM competitiveness.”
He opined on the trade climate in India currently. “As a global leader in integrated container logistics with a strong commitment to innovation and sustainability, we are working on various measures to benefit the community at large. In line with the government’s vision, we already have electric cranes deployed at all the terminals to help with moving boxes.”
“Additionally, we are taking several steps in digitising the logistics supply-chain across the organisation to benefit the Indian consumer and are also working closely with the ship recycling ecosystem to introduce responsible practices in recycling processes and labour rights. We continue to evaluate similar initiatives globally and in India and we stand ready to work with the ministry in its efforts to improve India’s overall trade climate,” he added.
Julian Michael Bevis Senior Director, Group Relations South Asia The Maersk Group