||India : India Surges 23 Ranks in ease of doing Business with port-led Development under Sagarmala Improving Trading Across Border
||As per the World Bank report 2019 on Ease of Doing Business, India has taken a huge leap of 23 ranks from 100 in 2017-18 to 77 in 2018-19 indicating it is continuing its steady shift towards global standards. One of the key indices which has contributed immensely toward this growth is Trading across borders which shows an impressive improvement from 146 rank last year to 80th rank this year. The Ministry of Shipping has been taking initiatives to improve the parameter of Trading across border as 92% of Indias Export- Import trade by volume is handled at ports.
The report mentions that this is mainly due to Indias continued reform agenda, which has made it the top-ranked economy in the region. Upgradation of port infrastructure, Improvement of processes, and digitization of document submission has substantially reduced Export/Import cargo handling time at ports which has significantly contributed towards improving the trading across border parameter and Indias impressive growth in the World Banks report. The World Bank has recognized India as one of the top improvers for the year. According to the report, under the Border Compliance Criterion relevant to the Port Sector the Cost to Export has come down from $ 382.4 to $251.6. Similarly, the Cost to Import has come down from $ 543.2 to $ 331.
Focused efforts at improving the export/import cargo handling at major ports has contributed to improving the Ease of Doing Business in India and thus will help in economic growth & more jobs opportunities for the youth.,said Shri Nitin Gadkari, Union Minister for Shipping, Road Transport & Highways and Water Resources, River Development and Ganga Rejuvenation. The Government has initiated a series of steps to make Indias EXIM logistics more competitive in terms of time and cost. A series of studies to bench mark the performance of Indian Major Ports with their international counterparts has been undertaken and steps to increase the capacity and productivity to global standards have been initiated. Specifically 114 initiatives which were identified have been undertaken.
The focus has been on development of port infrastructure and capacity enhancement, improvement in last mile connectivity and development of multi-modal hubs to promote EXIM while reducing logistics cost and time. Under Sagarmala, port-led-development initiative of the Govt, 266 port modernization projects with an investment of more than Rs 1.45 lakh Crore has been identified for implementation over next 10 years.saidthe Minister. 80 projects worth Rs. 13,701Cr have been completed and projects worth 2.39 lakh Crore are under implementation.
In order to enhance last mile connectivity, 211 road-rail projects worth Rs 250,907 Crore have been identified under Sagarmala.15 multimodal logistic parks with an investment of Rs3,989 will help in improving efficiency in freight movement under the programme, the minister added. With more than 5 % average growth at major ports over last 4 years, the Ministry of Shipping, has taken several steps to improve their operational efficiencies through policy and procedural changes and mechanization.
As a result, key efficiency parameters have improved considerably. The Average Turnaround Time has reduced from 82 hrs to 64 hrs in 2017-18. The Average Output Per Ship Berth day has increased from 14,583Tonnes in 2016-17 and to 14,912 Tonnes in 2017-18. The traffic at major ports increased to 6794.7 lakh tonnes during 2017-18 over 6483.98 lakh tonnesduring 2016-17.
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