
NEW DELHI : “India needs to strengthen its shipping ecosystem to reduce vulnerability in times of global crises and promote the country’s trade” , Special Secretary in the Department of Commerce Shri Rajesh Agrawal said at the 2nd ExL 2025: A Conference on Export Logistics. He said, “Indian flag vessels are very limited in number, and this leads to around USD 50 billion of trade deficit that we do have in the services sector solely due to maritime logistics.” Calling the situation “unsustainable” as it also makes India “vulnerable“, he said countries which have strong control . . .
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