Step­ping up pace

Cargo Talk - - Industry Speak -

How was FY 2013-14 for your com­pany? Any ma­jor de­vel­op­ments?

De­spite nu­mer­ous chal­lenges, SDV did quite well last year. We ex­plored new mar­kets in Africa and signed new in­dus­trial projects. We have also ex­panded our in­dus­trial projects team across In­dia. We con­tin­ued to fo­cus on our key mar­kets are Africa, France, USA, China and Europe.

Pre­sent mar­ket trends and ex­pec­ta­tions from FY 201415?

2013-14 was re­ally hard for the In­dian econ­omy. The for- eign ex­change rate fluc­tu­a­tion was one of the ma­jor fac­tors. Vol­umes are down. US is slowly pick­ing up. Europe is still slug­gish. Fuel prices are go­ing north due to the Iraq crises.

I be­lieve the new govern­ment should en­cour­age FDI in In­dia. The govern­ment should also give some lever­age to cap­i­tal goods im­porters.

What are your ex­pec­ta­tions from the new govern­ment for the devel­op­ment of the lo­gis­tics in­dus­try in In­dia?

In­fra­struc­ture is the back­bone of lo­gis­tics in­dus­try. I ex­pect that the new Govern­ment will fo­cus on in­fra­struc­ture, and mod­erni­sa­tion of ports. In­dia must in­crease ex­ports in or­der to get more for­eign cur­rency. In­dia is fac­ing stiff com­pe­ti­tion from Bangladesh & Viet­nam for gar­ments. China is fast emerg­ing as a new sup­plier of generic drugs, which will also af­fect our ex­ports. We have to di­ver­sify into newer mar­kets and newer sec­tors. In­dia has to strengthen its foot­print in new mar­kets in Asia, Africa and Latin Amer­ica.

San­jay Goel, CEO In­dia, SDV

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