A bu­gle call for a greater des­tiny

Cargo Talk - - Cargo News -


is a pal­pa­ble feel­ing of ‘Is it too good to be true?’ per­vad­ing the In­dian cargo and lo­gis­tics in­dus­try.

And why shouldn’t there be so? When was a Gen­eral Bud­get where the Fi­nance Min­is­ter says ‘ ware­houses’ more than once, let alone five times! It is not ex­actly a wind­fall for the in­dus­try (af­ter all, the pro­posed projects are long-term), but the the fact that long-stand­ing woes have been ad­dressed leads to the fact that there are more of such good tid­ings in store. Plus, the fact that the man helm­ing the cur­rent ad­min­is­tra­tion has the en­vi­able rep­u­ta­tion of giv­ing a free rein to en­trepreneurs and in­dus­tri­al­ists.

It’s been a few months, but the mar­kets are still up­beat with ex­pec­ta­tions. The open­ing up of FDI (for de­fence and in­sur­ance, for now), has por­tents of for­eign in­vest­ments in more sec­tors in the time to come. Plus, the bo­lus of 5,000 crore to the abysmally ail­ing ware­hous­ing sec­tor of the coun­try has been ad­mit­tedly star­tling, to say the least. Throw into the mix the fact that e-tail­ers like Flip­kart and Ama­zon In­dia pump­ing in US$3 bil­lion into their op­er­a­tions, and the lat­ter open­ing five new ful­fill­ment cen­tres in the coun­try. This is good news for sell­ers, for­warders, and lo­gis­tics play­ers.

Even con­nec­tiv­ity has been ad­dressed. Su­per­high­ways be­ing ‘rail­roaded’ into re­al­ity, ded­i­cated freight cor­ri­dors be­ing drawn up, 15 new ports com­ing into ex­is­tence, lo­gis­tics parks with China be­ing inked, the Di­a­mond Quadri­lat­eral get­ting a pri­or­ity pass from the ad­min­is­tra­tion, and the Rail­ways go­ing gung-ho about freight, these are ex­cit­ing times in­deed for San­Jeet the

Edi­tor lo­gis­tics and the freight com­mu­nity.

But, let’s cross our fin­gers and knock on wood just the same.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.