Indian Railways emphasises on new transport policy
Recently, the Institute of Rail Transport (IRT) organised a seminar in New Delhi on `Resurgence of Transportation and Logistic in India’. The seminar was addressed by Arunendra Kumar, Chairman, Railway Board and President, IRT; Subodh Jain, Vice President
IRT was established in 1964 as an autonomous society with its headquarters in New Delhi. Kumar highlighted the crucial role being played by IRT in the development of railway transport and logistics industry in India. “Transportation and logistics are the backbone of any economy. Plus, there is a need to draw a road-map for sustainable growth of this sector,” he said. As the Government of India is soon going to finalise the National Transport Policy, the logistics industry in India will play the very significant role in the years to come, he said. The National Transport Development Policy Committee ( NTDPC), which drafted this policy, has already put an interim report of this policy in the public domain. Kumar pointed out that the interim report has highlighted the need for creating sufficient capacity for the next 20 years in key transport modes. Kumar said that the Ministry of Railways is also gearing up to meet future requirements of this sector of Indian economy.
Jain emphasised that the country would need an efficient transportation and logistics infrastructure to meet the demand in terms of both volumes and value addition of its services. He said appropriate strategies need to be evolved for addressing the issues faced by this sector.
In his address, Pandey said that growth in this sector is essential for the country’s economic growth. “The world has started seeing a resurgence in the demand for rail transport. There is a shift towards intermodal logistical solutions. There will be a need to amend laws, induct technology and change mindsets, if we have to take steps to meet customer demands,” he observed. Pandey also maintained that pricing policy, investment and financing strategy will have to be analysed for growth in this sector.
The two-day seminar had four sessions, namely, `Current State of Transportation and Logistics Sector in India’, `Expectations of Consumers of the Transportation and Logistics Sector and Solutions for their Realisation’, `Vision and Strategy for the future growth of the Transport and Logistics Sector’ and `Future Roadmap for the Transportation and Logistics Industry’.
The seminar was a part of its Golden Jubilee year celebrations, intending to focus on present and proposed future of the transport and logistics sector in areas of policy, its implementation and synergy with the national and global economy.
Jain, Kumar and Pandey releasing a Report at the seminar. The seminar featured discussions on how to maintain the increase in the growth rate of this sector.