Concor to begin shipping service, linking Chennai and Dhaka
There is a good ‘logistic’ news for all those Indian manufacturers and suppliers in the textile sector dealing with Bangladesh garment and textile market. Very soon the government owned Container Corporation of India Ltd (Concor) plans to shipping service, linking Chennai and Dhaka.
It may be noted that Bangladesh’s booming economy is strongly backed by Ready Made Garment and textile sector and many of the Indian manufacturers and suppliers have established their businesses in Bangladesh for supply of machines and materials.
Traditionally Petrapole-Benapole border route has been the preferred means for cargo movement. However, high pilferage and long delays at border would boost coastal shipping service to Dhaka.
The over burden on the Petrapole-Benapole road route is such that it results in delays in excess of about 20-25 days to move cargo from Kolkata to Dhaka. Reportedly, about 1,80,00,000 tonnes of goods movement takes place between India and Bangladesh out of which only 0.6 per cent moved by waterways and sea route and hence there is lot of logistic pressure on the roads and highways, leading to inordinate delays and congestion at the border.
With the rise of Bangladesh as one of the largest manufacturers of readymade garments in the world, India’s trade with Bangladesh has grown rapidly during the past few years. Bangladesh is said to be India’s largest trade partner in South Asia with significant movement of raw materials like cotton, cement and steel from India to Bangladesh.