New Delhi, April 26 -- India is embarking on a major initiative to upgrade its export infrastructure in order to achieve an ambitious target of USD 1 trillion in merchandise exports by 2030.
The commerce ministry, in collaboration with the Asian Development Bank (ADB), has kickstarted an exercise to identify and estimate the investments required across various modes of transportation, reported FE.
The key areas targeted for infrastructure augmentation include railways, roads, ports, and airports to facilitate the seamless movement of goods meant for exports.
According to Santosh Sarangi, Director General of Foreign Trade, India needs to create additional capacity to handle 2,000 million tonnes of goods at ports, 338 million tonnes thr...