News
India
West Bengal needs a deep sea port if it has to take advantage of the export business

NITN | @notintownlive | 17 Jul 2017, 09:43 am

West Bengal needs a deep sea port if it has to take advantage of the export business
Kolkata, July 15 (NITN): West Bengal is likely to lose out on export business if a deep sea port is not constructed forthwith, the Calcutta Freight Brokers Association said during its 79th annual general meeting hedl at the Bengal Chamber of Commerce and Industry premises on Friday.

The meeting was addressed by the chairman of Calcutta Freight Brokers Association (CFBA), Rajiv Agarwall and immediate past president Bharat Jain.

Key issues discussed included the problems of Kolkata Port and Good and Services Tax (GST).

Speaking about the problems of Kolkata port, Agarwall told IBNS: "There are several problems in the Calcutta port like river draft as well as development issues, which needs to be looked at on immediate basis."

"Moreover, West Bengal needs a deep sea port immediately, in which the state is lacking. If the deep sea port is not constructed, the export business will go outside the state leading to a loss for the state."

However, the CFBA has got limited scope of making the deep sea port as the task completely rests with the Ministry of Shipping and Transport. We are proposing locations for the deep sea port but the rest will be done at the ministry level, the chairman said.

GST, which was launched on June 30 midnight, has already been implemented, said Agarwall.

Jain informed that as per the GST rule, 5% tax has been imposed on ocean freight, which was earlier tax free.

In other freights, the earlier tax rate of 15% has been increased to the 18% slab.

Malaysia Airlines adds mor ...

Malaysia Airlines will expand its South India network by adding more flights on the Kuala Lumpur–Trivandrum route to meet rising demand, the airline said. From September 12, the carrier will operate five weekly services, with daily flights to start from December 1.

IndiGo brings Europe and th ...

IndiGo has expanded its codeshare agreement with KLM, the Netherlands’ national airline, providing its passengers with enhanced access to destinations across Europe and the United Kingdom through KLM’s network, the airline said.

Etihad Airways and Azul Bra ...

Etihad Airways and Azul Brazilian Airlines have signed a frequent flyer partnership, allowing members of Etihad Guest and Azul Fidelidade programme to earn and redeem loyalty points across both airlines.