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: Strong potential in , exports.

Shifting away from the iron ore mining industry after decades, Goa’s exports now focus on the pharmaceutical sector and marine industry, but in order for the latter to become a prime exporter, the sector needs infrastructural improvements. Goa Chamber of Commerce and Industry (GCCI) has recommended market linkages that will enable farmers and food processing units to contribute to Goan agri-export.

GCCI had organized a stakeholders’ consultation along with the Directorate General of Foreign Trade (DGFT) and the state government to see how export hubs can be created in each district.

While speaking about Goa’s Agri-Export policy, director-general of GCCI, Sanjay Amonkar pointed out that the policy needs to address the allied sectors such as fi sheries and animal husbandry in the policy as there is huge potential in marine exports.

“The consultation suggested that the marine sector needs many infrastructural improvements as it is one of the prime exporting sectors of Goa,” said GCCI in a statement.

“There was also a request for the state of the art lab testing facilities, measures to be established in Goa which will save time and cost of exports as currently, testing has to be done from outside the state.”

At the meeting, GCCI once again pressed for a local office or support from the local government in setting up a Directorate of Exports headed by an IAS officer. As the director for exports, the IAS officer should be given the authority to solve issues of exporters, develop market linkages, and hand-holding aspiring exporters.

Directorate of Industries, Trade & Commerce functional manager Himanshu Patnekar gave a detailed presentation on export initiatives the through notified export strategy for the state-developed in collaboration with the Federation of Export .

The strategy revolves around facilitation towards policy, infrastructure, common facility, ease of doing business, and investment promotion. He also mentioned some of the initiatives such as notifying the Ballicontainer yard as an inland container depot, EUAviation Security Validated Regulated Agents certification for Goa International , and inspection agency lab to set up at Verna industrial estate.

GCCI also congratulated the state government for completing a successful hundred days and thanked Pramod Sawant for hearing out the industry’s requirements and providing an opportunity to give suggestions to improve under Ease of doing business.

invests Rs 375 crore in its arm.

firm Amazon has invested Rs 375 crore in its Indian logistics
arm, Amazon Services, according to filings sourced from
business intelligence platform Tofler.

The cash infusion happened on June 16 through Amazon's entities in and - Amazon Corporate Holding Pvt Ltd and Amazon.com.incs Ltd.

The investment comes at a time when Amazon is onboarding more local sellers on its .

Amazon India country manager Manish Tiwary told ET on June 15 that the company would need "a couple of million more sellers"to attract 500 million more to Amazon.

Amazon India currently has 1.1 million sellers on its platform. Its total user base is more than 100 million.

Last month, Amazon launched Smart Commerce, an initiative that will help offline stores set up their own digital , in addition to selling on its
India marketplace.

This is similar to what -based does. Amazon will enable these
stores to sell on its marketplace and other platforms and logistics is one of the services provided through Smart Commerce and will enable sellers to sell
on platforms outside Amazon.

Through Smart Commerce, Amazon said stores of any size can now tap Amazon's in shopping, logistics, digital , and other areas to serve their consumers better, both digitally and in physical .

sees no let up in surging cost of goods.

Maersk is viewed as a bellwether for as it goods for retailers and consumer companies from and to .

The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are "unlikely to abate in the short term," world No. 1 container shipping company Maersk told on Wednesday.

Higher supply chain costs have rocked the retail and packaged goods industries since the start of the outbreak, particularly over the past year as have started to recover, with logjams at key ports holding up of everything from and products to .

"I think some more inflation (will) come through in the years to come," Vincent Clerc, chief executive of and at Maersk said in an interview during the Consumer Goods Forum's Global conference in .

"Logistics is very energy and labour intensive, and those are two of the areas of the economy that are subject to significant inflationary pressure."

Clerc said that while congestion is improving in some parts of the world, it is becoming worse in others -- for instance, the of the and in .

"We're talking here about the availability of truck drivers, the availability of capacity to move the goods through to the ," he said.

Clerc also said that since the start of "trade tensions" with , global companies have been increasingly cutting the proportion of materials and goods they from the country, hoping to diversify away.

"We see a tendency, certainly, towards more even distribution and a reduced reliance on one or two specific areas."