India has cut handling costs for empty containers through the Container Corporation of India (CONCOR) and plans to buy five pre-owned ships to reduce freight costs and shipping delays.
The move is expected to boost container capacity by 10-12%. Commerce Minister Piyush Goyal, after a key meeting with multiple ministries, announced that freight charges, which had surged due to global issues, have already fallen by 20%. With these new measures, costs are anticipated to drop further by 25-30% soon.