Trade pacts to boost India's global value chain role, says commerce special secy

Rajesh Agrawal, Special Secretary, Department of Commerce, emphasised the significance of India's ongoing and past Free Trade Agreement (FTA) negotiations in enhancing India's participation in global value chains (GVCs).

- TDG NETWORK

Speaking at a conference on export logistics organised by the Confederation of Indian Industry in the national capital on Thursday, the special secretary asserted that identifying gaps in multimodal transportation and bringing all stakeholders together will reduce logistics costs, driving exports and growth in India's economy.

In another suggestion, Agrawal mentioned that there is a need for more air cargo space, port space, rail and road space, in addition to enhancing cold chain logistics in India's agriculture sector.

He also highlighted that to achieve net zero by 2027, there is a need to ensure that logistics are sustainable, with a minimum carbon footprint.