70 ports to be linked electronically by 2010

Written by Press Trust of India | Mumbai | Updated: Aug 31 2009, 06:24am hrs
The government will electronically connect 70 ports in India by next year-end, a move that will help embattled exporters to reduce transaction costs. The commerce ministry is promoting the use of electronic systems with initiatives like EDI (electronic data interchange) ports, electronic message exchange between Customs and the directorate general of foreign trade .

For e-trade, the DGFT is connecting ports and locations. It is 34 for now and we hope that by next year-end, at least 70 ports will be connected. All these locations will be EDI-enabled, commerce and industry minister Anand Sharma said at an EEPC function here. Exporters have to deal with various agencies while sending a consignment abroad. This adds to transaction costs that can be reduced if there are lesser delays, faster movement of goods, simplified procedures (for completion of paper work) and on-line approvals (of applications for duty refund.