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Home > All news > Business, Logistics, Shipping, Trade > Govt pitching to boost Air cargo amid Red Sea trade disruptions

Govt pitching to boost Air cargo amid Red Sea trade disruptions

November 14, 2024
Reading Time: 3 minutes

New Delhi – The Commerce Ministry is pitching for air cargo to ship products such as textiles, pharmaceuticals, electronics and perishables that rely on swift delivery as disruption in the Red Sea trade route has increased freight costs, two people aware of the development said.

“The government is considering measures to promote this segment, including tax incentives, rationalization of aviation turbine fuel prices, and infrastructure development for handling air cargo,” said one of the two people cited above requesting anonymity. “Expanding cargo capacity is also a priority. To reach our export target of $2 trillion . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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