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World Bank business report: India ranks 80 from 190 countries in ‘Trading Across Borders’

Wednesday, 07 November 2018 | 00:00

In a recent business report released by the World Bank, India has been ranked 80 among 190 countries across the world in the category of ‘Trading Across Borders’. India has climbed 66 places from its earlier rank of 146 last year. The largest container port Jawaharlal Nehru Port Trust has contributed to this improvement.

The World Bank released an annual report on ‘Ease of Doing Business: Trading Across Borders 2019’ on October 31, 2018, where they have ranked the major ports of the country on the facilities offered for doing business. The category measures the time and cost (excluding tariffs) associated with the overall process of exporting or importing a shipment of goods.

“The overall time taken by JNPT to export and import products has reduced. We have also reduced the cost taken to export and import goods and cargo. We have implemented suitable measures, which further improved our ranking,” a senior JNPT official said.

According to JNPT, the port implemented many measures to digitise the delivery of orders and shipment, simplified the port entry process and improved infrastructure, which improved the ranking of the port.

“We have introduced automated entry forms, delivery order process and encouraged paperless transactions. We are also planning a centralised parking plaza inside the port, which can segregate the movement of trucks according to the shipment they are carrying. This will decongest the cargo movement inside the port,” Neeraj Bansal, chairman, JNPT said.

Bansal added while the first phase of the parking plaza had been constructed, they were working on the second phase. “We hope to complete the entire terminal by mid-2019.” In other rankings, India stood at 52 in giving construction permits, at 137 for starting a business and 163 for enforcing contracts.
Source: The Indian Express

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