Disclaimer:

Some parts of this website are currently undergoing development, but exciting updates are on the way. Stay tuned for an exhilarating experience that will keep you captivated! Fair winds and following seas, The DST.news Team.
1 2 3 18
Home > All news > Business, Logistics > India needs to improve its Customs clearance framework to become Export hub : DP World Chairman & CEO

India needs to improve its Customs clearance framework to become Export hub : DP World Chairman & CEO

August 26, 2023
Reading Time: < 1 minute

NEW DELHI : There is an urgent need to reform the Customs clearance framework in India if the country wants to become an export hub according to Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World.

Speaking at the B20 Summit India 2023, organised in collaboration of the Confederation of Indian Industry (CII), Sulayem said, “If you (India) want to become an export country, then the laws have to be changed. You have to be more liberal, to allow people to export and fast track exports, remove many of the restrictions and Customs.”

He said that while there are rules around Customs clearances, the departments around the world are slow to adopt, hampering trade. “Customs (Department) is key today and they need to be improved. Procedures need to be digitised. If Customs can coordinate with Customs Departments of other countries, it is better than even free trade,” Sulayem said, adding that the “biggest problem” in every country is Customs.

FOLLOW US ON SOCIAL MEDIA
Today's News
Follow us
facebook | DST NewsTwitter | DST NEWSlinkedin | DST NEWSInstagram | DST NEWSYouTube | DST NEWS
© DAILY SHIPPING TIMES
Back
Home
crosschevron-down

You cannot copy content of this page

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram