Synopsis
The WLP now looks forward to welcoming the participation of the Ministry of Commerce & Industry to represent the government’s oversight of local operations, and the CBIC (Customs) as a partner, as well as other regional organisations, it stated.
MUMBAI : The World Logistics Passport (WLP), which aims at increasing trading opportunities between emerging markets, on Wednesday announced the inclusion of India, Indonesia and South Africa as part of the grouping.
“As a trade enhancing policy initiative, the WLP is closely aligned with the strategy for India@75 in its aims to boost national competitiveness, increase the efficiency of India’s logistics sector and build tighter economic integration with emerging economies in South and South East Asia,” the grouping said in a release.
“WLP now counts Mumbai International Airport, Nhava Sheva International Container Terminal, and Emirates SkyCargo in India as partners,” it added.
“Today’s announcement shows that governments and businesses are thinking differently about how goods and services move round the world, and we are delighted to welcome India, Indonesia and South Africa to the club,” said Mike Bhaskaran, CEO of the World Logistics Passport.
Bhaskaran further added that “the grouping increases resilience in global supply chains and removes the barriers that prevent developing economies from trading as freely as they might, which is more important than ever as governments around the world seek to recover from the economic impact of COVID-19.”