India Nepal Logistics Summit 2019 was heldd in Kathmandu, Nepal

30 July 2019 Current Affairs: India-Nepal Logistics Summit 2019 was held in Kathmandu, Nepal. The summit was inaugurated by Nepal Prime minister KP.Sharma Oli. The theme of the Logistics Summit 2019 was 'Transforming Logistics Landscape'.

India Nepal Logistics Summit 2019 was heldd in Kathmandu, Nepal

Participants:
In this summit all trade community and government representatives from both Nepal and India represented the whole summit function. N.Sivasailam, Special Secretary (Logistics), Indian Ministry of Commerce and Industry, CMD V. Kalyana Rama, Container Corporation of India (CONCOR), Bhawani Rana, Preident of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President participated in the summit.

Focus:
The summit focused on discussing the transport delays of import cargo from Kolkata Port to Kathmandu, delays in rail transport and additional costs in handling cargo.
They also discussed on need for reducing transit time between Nepal and Indian ports and the need  to develop better warehousing facilities in Nepal. It also included issues related to tariffs charged by logistics service providers and the need  for automation of customs and border clearance.

India-Nepal trade logistics:
The smart logistics  makes the trade and transit arrangements easy, hassle-free and cost effective.India and Nepal have taken many initiatives on crucial components of road, rail, inland waterways and air connectivity. Both the countries have an investment, tourism and people to-people movement, a significant volume of trade,for which smooth and quality logistics. In the summit India committed to provide all necessary support to Nepal.

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