Business Today
PTI feed
Story

Take urgent steps to streamline cross border trade: PMO to ComMin

twitter-logo PTI        Last Updated: March 22, 2018  | 16:57 IST

New Delhi, Mar 22 (PTI) The Prime Ministers Office has directed the commerce ministry to take immediate steps on streamlining procedures for trade with a view to facilitate movement of goods across borders and improve Indias ranking in ease of doing business, an official said.

India ranked 146th in Trading Across Borders component of ease of doing business, out of 190 countries ranked by the World Bank in its latest report.

"As the ranking in this parameter is not good, the Prime Ministers Office has directed the ministry to take steps in this direction," the commerce ministry official said.

The logistics division of the ministry is working to significantly improve the position in the next years report.

As part of the steps, the ministry has written to all the major stakeholders, including ports, customs, regulatory bodies such as Food Safety and Standards Authority of India to give all approvals and clearances in a paperless manner.

"We have asked to give all clearances for exports and imports online. Paper transaction needs to be eliminated as it increases inefficiencies," the official added.

The move would significantly help in reducing both time and cost of traders for taking different kinds of approvals.

Although the government has reduced the number of mandatory documents required for import and export of goods to three in each case, it takes time to get approval.

The ministry has also asked customs to carry out direct port delivery for majority of consignments with a view to speed up movement of cargo containers.

According to an exporter, it takes several days for clearance of cargos without direct port delivery system. Under this delivery mechanism, it takes about 50 hours.

The whole exercise is aimed at pushing the countrys exports.

As per the latest World Bank report on ease of doing business, Indias ranking was improved to 100th from 130th. PTI RR CS BAL BAL

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close