If lockdown continues, cargo movement is expected to drop another 10-15%
Cargo handling at major ports grew 2.8% in FY19, but it grew just 1.4% in FY20 till February end
It is the first such service in India. The plane will complete five rounds today
While valuations are attractive, disruption will keep volumes muted
However, customs dept feels move will only discourage importers and brokers from lifting their consignments and cause further congestion of ports
In the 2018-19 financial year, KoPT handled 63 million tonne of cargo and 830,000 containers, he said
The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, is carrying out the study
Ports in Karnataka's New Mangalore, Goa's Mormugao, and Tamil Nadu's Chennai and Kamarajar (Ennore) reported cargo shipment decelerating.
Beside saving cost and time, it could help India vastly improve its ranking on the 'trading across borders' parameter