Buzz around lo­gis­tics

Cargo Talk - - Report -

In this an­nual is­sue, CARGOTALK gets you a sneak peek into the year gone by. The month of June be­gan on an am­bi­tious note with Prime Min­is­ter Naren­dra Modi trav­el­ling to Bangladesh to sign the his­toric coastal agree­ment. The pact will fa­cil­i­tate the use of In­dian and Bangladesh ports as tran­ship­ment hubs and en­able di­rect reg­u­lar move­ment of ships con­tain­ing cargo be­tween the two coun­tries.

With a fo­cus on de­vel­op­ing wa­ter­ways, Trans­port Min­is­ter Nitin Gad­kari has asked states to col­lab­o­rate with the Cen­tre to pave the way for in­land wa­ter­ways cor­po­ra­tions.

The gov­ern­ment’s se­ri­ous fo­cus on port-led de­vel­op­ment has also prompted the first state-level con­sul­ta­tion meet on the Sa­gar­mala Pro­ject at the Gu­jarat Mar­itime Board and a Mem­o­ran­dum of Un­der­stand­ing has been signed to en­hance knowl­edge and share ex­per­tise re­gard­ing port de­vel­op­ment.

The stal­warts from lo­gis­tics in­dus­try ex­pressed con­fi­dence based on the per­for­mance clocked in the last fi­nan­cial year (2014-2015). The lo­gis­tics sec­tor steered out of its bad phase which had been plagu­ing it for a while. The in­dus­try lead­ers hoped for an uptick in al­most all the ver­ti­cals and are pos­i­tive about a turn­around.

On the avi­a­tion front, Man­ga­lore In­ter­na­tional Air­port is the first to get a ded­i­cated do­mes­tic air cargo ter­mi­nal with pri­vate par­tic­i­pa­tion.

The Rail­ways sec­tor of­fered sharp dis­counts to con­sumers opt­ing to move freight in empty flow di­rec­tions. The low tar­iffs to be an­nounced will en­able it to grab a share of traf­fic from the road sec­tor.

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