How warehousing companies can leverage the new Foreign Trade Policy

economictimes.indiatimes.com:

Foreign Trade Policy, these companies can significantly contribute to improving the competitiveness of Indian products in the international arena. One imperative of the Foreign Trade Policy is to enhance the efficiency of export operations. Warehousing companies can play a vital role in this aspect by providing state-of-the-art storage facilities and streamlined logistics solutions.

With advanced technologies and well-organised systems in place, these companies can ensure that goods are stored and managed efficiently, reducing the time and costs associated with export operations. By offering secure and reliable warehousing services, they can help businesses meet international quality standards and delivery timelines, thereby bolstering the overall competitiveness of Indian products. In line with the same, the government has identified towns of export excellence which produce goods of Rs 750 crore or more.

According to the Foreign Trade Policy these include Faridabad, Moradabad, Mirzapur and Varanasi in addition to the existing 39 towns. Further to this, warehousing companies can support the government's focus on promoting exports by strategically locating their facilities near major ports, airports, and transportation hubs. This proximity enables faster and more efficient movement of goods, reducing transit times and costs.