Boost to export industries including fresh produce comes as major shipping line announces major new investment
Indian exporters have received a welcome boost from Container Corporation of India, the country’s largest railway container operator, after it made a number of beneficial changes to its storage and handling rates.
The changes, first reported in The Loadstar, are understood to reduce some of the financial burden on exporters using Jawaharlal Nehru Port near Mumbai, also known as Nhava Sheva port, India’s largest container hub.
At the same time, Indian carrier Shipping Corporation of India has reportedly said it will deploy more container vessels – including the immediate addition of 9,000 TEUs and the purchase of five new containerships – to offer more capacity for exporters.
“The decisions will result in significantly breaking down shipping costs, improving availability of containers, resolving the empty containers issue, faster evacuation of export consignments and reducing congestion at the ports,” said Minister of Commerce and Industry, Piyush Goyal.
