India can save $30 bn by moving part of trade closer to ports by 2020: EY

The EY report 'Knowledge Paper on Port Sector' was released by Andhra Pradesh Chamber of Commerce

India can save up to $ 28 billion in infrastructure investment and another $ 3.3 billion in transportation cost if 50 percent of overall trade moves closer to ports by 2020, according to a report prepared by the professional advisory services firm EY (formerly Ernst and Young).

India ranked as low as 126 out of 189 countries on total cost of trade while China and Germany are ranked at 98 and 18 respectively, the report said.

The EY report "Knowledge Paper on Port Sector", which was released by Andhra Pradesh Chamber of Commerce, maintained that the non-major ports on the eastern and