(Dustin Braden – JOC)
Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.
In a press release, ASSOCHAM said the average cost of shipping a container from India can be nearly $1,200. The same container from China would ship for around $600, and for only $400 from Singapore, putting Indian exporters at a competitive disadvantage in the global market.
There are a number of reasons for the higher costs, the group said. One is that port productivity in India lags behind much of the rest of the world. Read more here.