December 17, 2019: Managing director of Sevenseas Global Express Logistics, Biju Thomas was talking at a session on ‘Over Dimensional Cargo (ODC) and infrastructure for Armed Forces’ at the 10th edition of CII EXCON 2019 in Bengaluru last week.
The 5-day exhibition on construction equipment organized Confederation of Indian Industry "(CII) had 1250+ exhibitors including 390+ foreign companies from 21 countries and country pavilions from China, Germany, Italy, South Korea, Turkey and the UK.
Today, about 20-25 documents are required along with many gate passes to get customs clearance.
ODC cargo is the indicator of the growth of a country as the number the ODC cargos moving in and out of the country indicate the direction where the industry is heading.
Ayush Agarwal, manufacturing & supply chain center of competence, McKinsey & Company, said “The transport infrastructure in India has seen a paradigm shift in recent times.
With multimillion projects being set in India and across the globe, making innovations to minimize the cost and searching out alternative routes has become the need of the hour.
October 10, 2019: In her first speech as the managing director of International Monetary Fund (IMF) after taking charge on October 1, Kristalina Georgieva warned that if the current trade war between Washington and Beijing continues, the world will face a ‘digital Berlin Wall’.
The Bulgarian economist and former chief executive of the World Bank was talking at The Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington DC on Tuesday.
Trade disputes are taking a toll, says @KGeorgieva in her first speech as IMF Managing Director.
For the global economy, the cumulative effect of trade conflicts could mean a loss of around $700 billion by 2020, or about 0.8 percent of GDP.
She pointed out to the updated analysis of how the loss of confidence and market reactions is directly connected to the direct costs on businesses and consumers from the three rounds of implemented and announced tariffs.
— IMF (@IMFNews) October 8, 2019
