New Delhi increases number of gateways for import of new vehicles

New Delhi increases number of gateways for import of new vehicles

New Delhi: In a move that would help in reducing pressure on ports and transaction costs of companies, the Indian government has increased the number of gateways through which new vehicles can be imported, from 12 to 14.

Two new customs ports, Katupalli and Pipavav port (APM Terminals) have been added by the Directorate-General of Foreign Trade to the list of six ports (Nhava Sheva, Mumbai, Kolkata, Chennai, Ennore and Cochin), three inland container depots (Talegaon-Pune, Tughlakabad and Faridabad) and three airports (Mumbai, Delhi and Chennai) through which new vehicles are imported.

India, a major international hub for the manufacture and export of sub-compacts and small cars, mainly imports high-end vehicles and parts. The number of commercial and passenger vehicles imported into the country is negligible.

Shirish Nadkarni

Shirish Nadkarni is a management consultant and freelance international journalist, who has been writing on all spheres of Indian business for the past three decades for a number of reputed overseas publications. An avid sportsman, Nadkarni has represented India in international veterans' badminton since 1997, and was the 55+ age group doubles world champion in 2005.

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