|[August 01, 2014]
India, Silicon Valley of the East, Releases National Trade Efficiency Assessment with GCEL Triggering Digital Innovation to Drive New USD 6 Trillion Service Market Opportunity Worldwide
NEW DELHI --(Business Wire)--
Embraced by international organizations as well as public and private
sector leaders in India, the Confederation of Indian Industry (CII) and
Coalition for Efficient Logistics (GCEL) officially released of the
India Trade Efficiency Assessment, conducted by GCEL's research team in
cooperation with the India Ministry of Shipping, Indian Institute of
Management Udaipur (IIMU) and CII. The assessment diagnosed India's
trade practices against what technology makes possible today and
recommends how India can capitalize on its technology and human capital
strengths to reduce its annual trade costs by USD 40.5 billion, increase
trade by USD 161 billion, access a new USD 6 trillion services market
opportunity and creating a USD
1 trillion SME fund thus generating millions of jobs.
India's Minister of Shipping Receives the India Trade Efficiency Assessment from GCEL Asia's Chairman (Photo: Business Wire)
The India Trade Efficiency Assessment was officially presented to the
Ministry of Shipping, Ministry of SMEs, Indira
Gandhi National Open University (IGNOU) as well as CII.
This trade efficiency assessment marks the first step towards India's
leadership in empowering the Digital
Economy through GCEL's 18 month HumaWealth Program that provides the
roadmap and the tools to unleash the power of 21st Century technology by
delivering a new era of integrated e-commerce, e-finance, e-insurance,
e-logistics and e-grants to achieve new levels of trade efficiency.
Similar assessments were conducted covering 40% of Asia's and 22% of the
world's population with government and private sector experts in G20
countries Indonesia, KSA and Turkey (in process) as well as Malaysia.
The results were staggering: 81% of trade participants have no
system and 88% want the proposed Digital Economy Platform. To date 1/3
of the G20 citizens want the Digital Economy. GCEL plans to
conduct Trade Efficiency Assessments for the remaining 15 G20 countries
to present the voice of the people to their leaders.
The GCEL Delegation was led by Tan Sri Abdul Rahman Mamat, Chairman of
Asia Logistics Council and former Secretary General of Malaysia's
Ministry of International Trade and Industry (MITI).
Strategic discussions were also held with Indian officials regarding the
role of the E-Hub of the World that will maintain and enhance the engine
that empowers the Digital Economy delivered by the top technology firms
and placed at the fingertips of the end users at no cost.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140801005960/en/
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