ANI
22 May 2026, 19:30 GMT+10
Puri (Odisha) [India], May 22 (ANI): India has taken several proactive steps to strengthen the country's logistics ecosystem and reduce logistics costs to improve global competitiveness, Odisha Governor Hari Babu Kambhampati said on Friday.
Stating that global trade environment was facing major challenges due to geopolitical tensions, supply chain disruptions, rising freight costs and uncertainty in shipping routes, the Odisha Governor stressed the need for resilience, innovation and coordinated action in the logistics sector.
Addressing the 6th Executive Committee Meeting of the Federation of Freight Forwarders' Associations in India (FFFAI) for the 2025-27 term in Puri, Kambhampati said, 'The global trade environment today is passing through a challenging phase. Geopolitical tensions, supply chain disruptions, rising freight costs, war risk surcharges, container shortages, and uncertainty in international shipping routes have affected global commerce.'
He said these developments have increased pressure on governments and industries worldwide to build resilient and efficient supply chains.
'These challenges demand resilience, innovation and coordinated action from governments and industry,' he added.
Highlighting the government's focus on logistics reforms, the Governor said the Ministry of Commerce and Industry has created a separate department dedicated to logistics, recognising the importance of reducing logistics costs in India.
'The Ministry of Commerce and Industry has opened up a separate department on logistics and it identified the cost of logistics in India is very high compared to many other countries,' he said.
'The emphasis of the Government is how the logistics cost can be reduced so that our goods will be internationally competitive,' Kambhampati said
The Governor also appreciated the initiatives undertaken by FFFAI in areas such as skill development, digitalisation, women empowerment and youth participation in the logistics sector.
'FFFAI has taken commendable initiatives in skill development, digitalisation, women empowerment, and youth participation in the logistics sector,' he said.
The remarks come amid continued global trade uncertainties and ongoing efforts by India to strengthen logistics infrastructure, improve supply chain efficiency and enhance export competitiveness. (ANI)
Get a daily dose of Perth Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.
More InformationMADRID, Spain: Police in northeastern Spain arrested the son of Isak Andic, the billionaire founder of Mango, on May 19. He is suspected...
WASHINGTON, D.C.: The United States is investigating whether Chinese companies deliberately reduced global production of shipping containers...
HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...
PARIS, France: The head of the International Energy Agency warned on May 18 that commercial oil inventories are being depleted quickly...
Puri (Odisha) [India], May 22 (ANI): India has taken several proactive steps to strengthen the country's logistics ecosystem and reduce...
BEIJING, May 22 (Xinhua) -- The China Securities Regulatory Commission (CSRC) announced on Friday that it will resolutely crack down...
Harare [Zimbabwe], May 22 (ANI): Zimbabwe are set to host Bangladesh in June and July for a multi-format series featuring one Test,...
Lahore [Pakistan], May 22 (ANI): The Pakistan Cricket Board (PCB) has named a 16-member squad for the three-match ODI series between...
New Delhi [India], May 22 (ANI): Hockey India on Friday announced the 18-member Indian Women's U-18 squad that will represent the country...
New Delhi [India], May 22 (ANI): The United States Embassy in India on Friday highlighted the upcoming official visit of US Secretary...
(260522) -- LAGUNA PROVINCE, May 22, 2026 (Xinhua) -- Philipp Huster (R) and Sven Winter of Germany embrace after winning the men's...
New Delhi [India], May 22 (ANI): In a major diplomatic mobilisation, India will host the foreign ministers of the Quadrilateral Security...
