Rajasthan government to soon roll out logistics grant – The New Indian Express

Express press service

NEW DELHI: Over the past six months, amid recession fears in the United States, Europe and the Russian-Ukrainian war, logistics costs have increased, Veenu Gupta, additional chief secretary of the Department of Human Resources, said on Wednesday. industries of Rajasthan.

In an interaction with the TNIE, she said the entire export industry is feeling the pinch of increased freight and has asked for some sort of logistics subsidy. “Although it is in its infancy at the moment, the industry has demanded some sort of subsidy in logistics. We are considering it and may provide some relief in times to come,” said Gupta.

According to Gupta, although crude oil prices have moderated somewhat from earlier highs, it will take some time to impact fuel prices here in the country. “Last year, there was unprecedented growth in exports. It was 26% in the state of Rajasthan. But in the past six months, there has been an increase in freight charges and shipping lines. The entire export sector is feeling the effects,” Gupta said.

India’s trade deficit hit a record high in July as high commodity prices and a weak rupee weighed on the country’s import bill. India’s merchandise exports remained nearly flat on an annual basis at USD 35.24 billion in July 2022. They were USD 35.51 billion in July 2021. Meanwhile, according to Nomura, Indian ports’ volumes fell in July due to lower exports of chemicals and engineering goods. However, on the inland logistics front, container volumes for July jumped 19.7% year-on-year and 2.6% sequentially.

NEW DELHI: Over the past six months, amid recession fears in the United States, Europe and the Russian-Ukrainian war, logistics costs have increased, Veenu Gupta, additional chief secretary of the Department of Human Resources, said on Wednesday. industries of Rajasthan. In an interaction with the TNIE, she said the entire export industry is feeling the pinch of increased freight and has asked for some sort of logistics subsidy. “Although it is in its infancy at the moment, the industry has demanded some sort of subsidy in logistics. We are considering it and may provide some relief in times to come,” said Gupta According to Gupta, although crude oil prices have moderated somewhat from earlier highs, it will take some time to impact fuel prices here in the country. had an unprecedented growth in exports. It was 26% in the state of Rajasthan. But in the last six months, there has been an increase in transport costs and shipping lines. The whole sector of exports are feeling the pinch,” said Gupta. India’s trade deficit hit a record high in July as high commodity prices and a weak rupee weighed on the country’s import bill. India’s merchandise exports remained almost s tables on an annual basis at USD 35.24 billion in July 2022. They were USD 35.51 billion in July 2021. Meanwhile, according to Nomura, Indian port volumes fell in July due to lower exports chemicals and engineering goods. However, on the inland logistics front, container volumes for July jumped 19.7% year-on-year and 2.6% sequentially.

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