India and SAARC relations are not strengthened due to lack of strong government in the past years. The present government has made great efforts for this, see where so far.
BBIN Motor Vehicles Agreement Regains Momentum :-
Bhutan , Bangladesh, India and Nepal agree on operating procedures for movement of Passenger vehicles More trial runs to be conducted for cargo vehicle movement :-
Bangladesh, India and Nepal have agreed on the text of the operating procedures for passenger vehicle movement in the sub-region under the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) signed in June 2015, and will soon complete the internal approval processes for signing of the passenger protocol. The participating countries have also agreed to conduct more trial runs for cargo vehicles under the agreement. High-level officials of the three countries discussed the implementation of the MVA at a meeting held on 10-11 January in Bengaluru, convened and chaired by the Ministry of Road Transport and Highways (MoRTH) of the Government of India.A Bhutanese official delegation also attended the meeting as observers.
The landmark MVA was signed by Transport Ministers of the BBIN countries in Thimphu, Bhutan on 15 June 2015. Trial runs for cargo vehicles under the MVA were conducted along the Kolkata-Dhaka-Agartala and Delhi-Kolkata-Dhaka routesin the past. The trials were successful in establishing the Agreement’s economic benefits.Bangladesh, India, and Nepal have already ratified the MVA and have agreed to start implementation of the MVA among the three signatory countries, with Bhutan joining after it ratifies the Agreement.
“I am encouragedby the strong commitment of the BBIN countries to move forward on the MVA initiative”, says Ms. Dakshita Das, MoRTH Joint Secretary and chair at the Bengaluru meeting. “India will do its best to make the MVA successful, making it a key instrument in accelerating cross-border trade and economic integration in the subregion,” she said.
The Asian Development Bank(ADB) has been providing technical, advisory, and financial support to the BBIN MVA initiative as part of its assistance to the South Asia Subregional Economic Cooperation (SASEC) program, a projects-based economic cooperation initiative that brings togetherthe BBIN countries, Maldives, Sri Lanka and more recently, Myanmar. ADB is the secretariat of SASEC.
Meeting participants—which included delegations led by Mr. Safiqul Islam, Additional Secretary from the Ministry of Road Transport and Bridges of Bangladesh, and Mr. Keshab Kumar Sharma, Joint Secretary from the Ministry of Physical Infrastructure and Transport of Nepal, agreed on the text of thepassenger protocol, the document detailing procedures for cross-border movement of buses and private vehicles, to be signed by the three countries after completing necessary internal approval processes in their government. The delegations also agreed to continue to conduct trial movement of cargo vehicles along scheduled routes from April 2018 onwards, before finalizing the protocol for cargo vehicular movement. All participating country delegations described the meeting as a major milestone in regaining the momentum of transport facilitation in the subregion.
What effect does industry or industrialization have in common public life ?
The industrialization has a major impact on society and people have to look forward to some changes in the country. Based on the public interest in the industry, profits and employment go higher. It increased in urbanization and people moved to an urban center in search development. On-road transportation, certain development has been establishing towards society help. Economic developments also have taken in the industrial revolution. It brought up significant social changes among public interest on industrialization. Revolution has brought up to consider significant changes in road transport on industry sides. Workers get paid and take advantages in mass production of goods.
What and how many bad business impact of poor transportation service?
Due to poor transportation services, many businesses greatly affected. Shifting goods to consume place affected due to poor road transportation. It involves a huge number of things to keep in mind and production will below. For controlling this situation, poor transportation needs to overcome as quickly as possible. It increases sufficient roads in rural areas tend to increase production. For agriculture input and markets, road transportation is a must. So, poor transportation must solve by taking proper measurements. Especially in rural areas, transportation is important to carry out many things smoothly. So, the government has to take proper steps to avoid this misconception and do the best for promoting road transportation.
What is the Government of India policy best suited for doing business?
Recently, the Indian government led by Narendra Modi is focusing more on a broad world of an endless number of emerging startups. For achieving this, the Indian government is creating new opportunities and programs. They help companies in both nurturing and innovation. There are many initiatives taken by the Indian government to support new entrepreneurship. It also aims to foster the civilization of creativity among Indian youngsters. With an exceptional and huge statistic benefit, India can raise and improve business individually and make the occupations for the benefit of this nation and also the world. Every step is taken to enable the prosperity and growth of the country.
What do companies in India have problems with multi-state trade payable Geographical diversity?
Ethnic, cultural, racial, gender and other kinds of identities determine how people know, see and experience the world. Individuals from diverse environments think, react and learn differently. It is difficult for multistate business companies in India while trying to understand their employees. Most significantly, geographic diversity will lead to a lack of unity within the organization. If properly harnessed, geographic diversity can provide in holistic and multi-dimensional perspective to the acumen and wisdom within the multistate business companies. The companies in India do not have more problems with the multi-state trade payable Geographical diversity. It is because the process is a little bit simple.
What is there an efficient goods commercial vehicle available in India as expected?
Transition in India become more realistic with the current government has sustained and massive push on electric mobility. The government’s think-tank – NITI Aayog has been spearheading transition for increasing the zero-emission mode of transportation. Multi-Axle Trucks (MATs) are considered as the efficient goods commercial vehicle available in India and widely used with for industrial transportation. These vehicles mainly range from 26.2 ton to 49-ton vehicles gross weight. Sales of these vehicles have been jumped between 2009 and 2010 as 55% higher. Goods commercial vehicle has been massively improved on the highest standard level 60% of the overall commercial vehicle market have been massively improved.
What is heavy haulage Oversize ODC transportation a simple task in India?
ODC, otherwise called over-dimensional cargo is added entirely outside of a deck of the vehicles for shifting the over-sized goods. Both the length and height of cargo are larger than the standard vehicles. These heavy cargos are used in both domestic and commercial sectors. ODC transport in India can help people to shift their heavy goods from one location to the next one quickly. It is because these vehicles are well-equipped with many modern devices. They are capable of transporting heavyweight goods over long distances. The transport service provider has sufficient experience in this sector, so the team makes the overall transportation process hassle-free.
What is the diversity in logistics or transportation costs in India?
The Indian transportation sector is very large and diverse. It has been carrying out a major solution to undergo road transportation. For shifting goods and products, road transportation is very must and involves good actions. It has lots of results and the majority of imports rely on on-road transportation. Also, the costs of transportation in India are affordable and depend on business size. It works from the publication that makes the average population time for transport needs. So, get it based on the diversity in logistics and transportation costs is limited to the business sectors.
What is the level of customers class in the development of Indian Industrial Market?
Customer segmentation is nothing but a practice of dividing a customer into a group. It has been carrying out with the majority of things relevant to marketing. Thus, it plays an important role in meeting overall interests and spending habits. So, it termed to evaluate the specific ways organize with marketing needs.
Millions of Indian population has the biggest range of the base class. It is also considered high due to Indian market range. It involves middle class, richest, and below-average base class. It has overflowing wealth value and sometimes involves in extremely poor condition. Checking the database also reveals the big Indian base class.
What and how much contribution of the present government has been successful in promoting Indian trade business ?
Industry experts mainly state that Government requires to endure the stepping on spending more on the particular sectors. With the Current Government is concentrating on various factors such as education, infrastructure, healthcare, connectivity and more. All these are major aspects that revive the growth with declining economic growth. There are hundreds of entrepreneurs as well as start-ups in the manufacturing sectors have been improved with the economy. Government has initiated certain measures for reviving the economy with spurring growth. India responds to the need for manufacturing as well as other service sectors then 80% of the GDP gets to improve.
What are the major business problems in India?
Since the time immemorial Indians have been promoting peace. The business has massively improved to the peak level but there are also some problems that most of the business faces. Whether it is related to government, crimes by ‘godmen’, condition of roads, corruption, or any others, the business gets affected in certain circumstances. Corruption is the worst endemic that is widely spread in India so it is important to be handled wisely and quickly. Though our country needs several changes at present below are some of the important things that we need to consider for tackling immediately.
· Education system
· Basic Hygiene
· Healthcare system
· Women’s safety
What are the disadvantages of the transportation business ?
Here are the demerits of the transportation business as follow:
Road transportation in India is risky. Necessary security measures never made against road accidents.
Many roads in India are inadequate and also available in bad shape. There are just 34 km long roads per every 100 sq.km area.
It is another disadvantage of the road transportation business. The tax burden per vehicle in this country is Rs. 3500.
Poor road maintenance
Roads in India are not properly maintained. There is only 0.1% of national earning is invested in road maintenance in India.
Rising diesel and petrol cost
The operational amount of road transport is rising continuously.
Not suitable for bulky goods
It is unsuitable for heavy goods.
What are the advantages of the transportation service business ?
The road transportation involves a majority of things to help workers, students, and people to travel securely. It involves less cost and safety for everyone. Other than that, it easily delivers enough goods on time via road transport. It is more applicable for business to carry out major benefits in road transport. Goods and products delivered at the right location within the limited time duration. It involves lots of flexibility in operation and cheaper as well. For import and export business, road transportation is must and more appropriate for a short distance or long distance. It deserves the right platform to carry out major goods delivered at the right time.
How many types of transportation are used in India?
With the rapid urbanization in India, the Economic growth of the country has also improved. Transport system mainly has been improved into distinct modes such as notably road transport, railways, inland water transport, airports, and airlines, coastal shipping and many more. Roadways are the dominant means of transporting carrying about 85% of the total traffic generated in the country. India has about 191.7 million registered vehicles and Compound Annual Growth Rate from total Registered Motor Vehicles in India has been improved to 94%. With the increase in the number of vehicles on roads, it also paves a way for the development of business.
What is Logistic and what works ?
Logistics is broadly used to refer to a process of moving resources including equipment, products, materials, and inventory from one place to next one at the targeted destination. This term is used in numerous applications. There are different kinds of logistics services available but road transportation gets more fame among business professionals. It is because if business products or material cannot reach the customers, it will fail. It is the right place when road transportation plays a vital role. It also impacts many other aspects of businesses. If the products are shipping to your customers on time, it will increase the profitability of a company.
What are the meaning and use of a company or industry in reality ?
Company or industry, in reality, is an entity that especially engages the business. The company could be structured across many numbers of ways. A company could be a corporation, sole proprietorship or under the partnership. Based on the different company that you are dealing with, it could be owned by a single person or even a group of individuals. The company could be well structured under many circumstances. Liability is an important type of company that is especially assumed. Company or industry in India has a major growth with the improvements in modern technology and transportation facilities all over the country.