Summary:
He said the Logistics Corporation would comprise Central Warehousing Corporation, Concor (Container Corporation) and Shipping Corporation of India. VISAKHAPATNAM: Industry representatives from the maritime sector are of the view that government regulations have to be reduced and rules and regulations framed in order to improve efficiency of the trade.Participating in the East Coast Maritime Business Summit organised in the city on Thursday, former shipping secretary Michael Pinto expressed the need for a logistics ministry as various aspects of the logistics sector are spread over different ministries. While mentioning that several regulations have been done away with during the past few years, Pinto said there is further scope for reducing regulations.Meanwhile, speaking at the summit, Visakhapatnam Port Trust (VPT) deputy chairman PL Haranadh said the central government is looking at setting up the Logistics Corporation of India which will provide an integrated platform for the logistics sector..