AILBIEA Calls for Modernization of Ports and Rationalization of Policies at the Associations 15th Anniversary Event
Summary
High transaction cost arising from inadequate and inefficient infrastructure, delays and hassles due to antiquated procedures and systems, is one of the major hurdles that our economy is unable to attain its full growth potential regardless of progress on other fronts.I am honoured to receive this award and I am sure that AILBIEA will continue to facilitate India’s global trade.”AILBIEA, an association of traders, manufacturers, importers, exporters and service providers engaged in the business of liquid bulk, which has an whopping volume of 180-200 Million Tons with a revenue of over Rs.The association also called for removal of operational constraints, stamp duty on transfer of shipping documents, rationalization and systemization of customs / excise procedure and a complete overhaul of the available infrastructure.India is set to become a major importer of a wide variety of liquid bulk commodities such as biofuels like ethanol and biodiesel in the near future.High transaction cost arising from inadequate and inefficient infrastructure, delays and hassles due to antiquated procedures and systems, is one of the major hurdles that our economy is unable to attain its full growth potential regardless of progress on other fronts.The primary objective of this association continues to be that of playing a significant role of ‘Catalyst’ between various Port Authorities, Governmental and Revenue Departments and provide more solidity and clarity in ensuring smooth and fair operations.AILBIEAs anniversary events are aimed at providing an ideal platform to Trade and Revenue and Port Departments to have healthy interactions and also bring in closeness so that various issues could be amicably understood and settled.Press & Media Contact:Mitesh M KapadiaSentinel Public Relations Pvt Ltd / Sentinel Advertising ServicesB-603, SamajdeepNear Bhanu Park/Seasons RestaurantAdukia Road, Off S V RoadKandivli (W), Mumbai 400 067.