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Policy Updates

India Gets A National Logistics Policy

Prime Minister, Shri Narendra Modi launched the National Logistics Policy (NLP) at Vigyan Bhawan, New Delhi on 17th September 2022. NLP is a comprehensive effort to enhance efficiency of the logistics ecosystem in India.

Expert Speak

Indian Economy: 2022 Outlook

If you have been paying attention to commentary from economists and global business leaders, a recession in 2023 is inevitable. The union and state governments in India need to get their act together and prioritise capacity building measures.

Expert Speak

Last-Mile Delivery: Challenges and Solutions

Delivery problems decrease your profitability, damage your brand's reputation, and raise customer attrition. You require a strong last-mile delivery strategy that enables you to make deliveries on schedule.

Industry Basics

Letter of Credit: Concept and Steps Involved

Letter of Credit (LC) is one of the most popular ways by which an importer can pay the exporter. A LC is advisable in all the cases where the exporter and importer are not known to each other, while some entities insist for it as part of their standard operating procedure (SOP).

Industry Basics

Duty Drawback: Procedure and Exceptions

Duty drawback can help exporters claim refund on eligible items within a prescribed time. Availing the benefits of such schemes can help in reducing working capital costs and improve competitiveness in the international markets.

Trade News

Indian Economy Outlook – October 2022

Economies all over the world have adapted to external developments. It is difficult to predict the future as capitalism remains the longest running experiment in recent memory.

Industry Basics

Free Trade Agreements – Importance and Advantages

Exporters favour FTAs to multiparty trade agreements because they get preferential treatment over non-FTA member country competitors.

Expert Speak

DESH Bill to Infuse Life in SEZs

As per a statement by India’s Revenue Secretary, 50% SEZ units are lying vacant and a large proportion of the units in SEZs have expressed interest to serve the domestic market.

Industry Basics

On-time In-full: An Essential Supply Chain Metric

Strong OTIF strategies lay the foundation for better cooperation among all the supply chain participants. If everyone is on the same page with the rules and regulations for delivery of shipments, they can work together in an efficient system.