The White Paper Committee has urged the introduction of Inland Container Depots (ICDs) in Economic Zones (EZs).
The final draft of the yarn, which used to be submitted to the executive adviser (CA) of the duration in-between govt this present day (1 December), talked about that customs procedures add more complexity to the route of and frequent mismatches in HS code in the Import In vogue Manifest (IGM) lead to a prolong in the center of.
“Operational effectivity is additional obstructed by the non-availability of well-known carrier situation for customs clearance and the non-availability of Key Performance Indicators (KPIs) for key ports similar to Chattogram and Dhaka airports,” acknowledged the White Paper.
It also talked about that there are now now not any streamlined guidelines related to international firms looking for loans from guardian firms, thus slowing down entry to monetary fortify.
The yarn highlights that merchants face challenges similar to congestion at Chattogram Port, insufficient storage skill in Export Processing Zones (EPZs), and additional charges bobbing up from the inability to reuse import containers.
The yarn also identified that rigid categorisation between export-oriented and domestic enterprises limits international whine investment (FDI) geared toward serving both markets.
In this context, the White Paper Committee emphasised the importance of introducing bonded storage amenities, allowing container round employ in Economic Zones (EZs), and rising this discover in Inland Container Depots (ICDs) to supply a enhance to provide chain effectivity and entice greater international whine investment (FDI).
