FIEO sets the pace for Global Logistics Trade

Delegations from 27 countries to attend LOGIX INDIA 2019 to add value to Indian Logistics New Delhi, January 31, 2019: Over 130 International Logistics and Freight Forwarder companies are attending Inaugural LOGIX INDIA 2019 to develop superior Trade linkages with India in the form of partnerships, joint ventures and 100 per cent foreign entities. Currently India is ranked 44 in the World Bank Logistics Performance Index 2018 out of 160 countries, such initiatives will further improve India's ranking in times to come. "LOGIX INDIA is FIEO's major initiative for improving International Trade logistics from India and we are optimistic that business interactions will open new vistas for Indian Exim Trade in challenging markets." said Mr. Ganesh Kumar Gupta, President, FIEO. Mr.Gupta further said, "FIEO would like to make efforts in reducing the product delivery cycle for exports/imports and this requires sustained efforts in making our supply chains more efficient and transparent. With logistics players having an extensive footprint, businesses can now spread their wings far and wide." "Doing Business with CIS countries has always been challenging for Indian exporters. We are getting Logistics Business delegations from Azerbaijan, Belarus, Kazakhstan, Tajikistan, Uzbekistan and we are hopeful on reaching new breakthroughs," mentioned Dr. Ajay Sahai, Director General & CEO, FIEO. This will also push traffic through INSTC route, a better alternative which is cost effective and saves time. "Delegation from Afghanistan, Myanmar, Iran, Iraq and ASEAN are attending LOGIX INDIA as well and Indian exports should get a new impetus from these markets. As logistics becomes multimodal, Indian freight companies would need partnerships for Overseas Warehousing, Railways, Road, Aviation and Marine transportation and FIEO has been able to get all potential partners for them at this event," concluded Dr. Sahai. Indian states like Tamil Nadu and Telangana are showcasing India Investment opportunities and this should encourage overseas companies to set up their India operations. The three day event is being organised at Hotel The Lalit, New Delhi and over 500 leading Indian and International organisations are attending the meet.