Cold Chain Lo­gis­tics to grow at 27% by 2019

Cargo Talk - - Ports -

As per a re­port pre­pared with in­puts from in­dus­try ex­perts, ‘Cold Chain Lo­gis­tics Mar­ket in In­dia 2015-2019’ will grow at a CAGR of 27% over from 20142019. The re­port also cov­ers dis­cus­sion on the key ven­dors op­er­at­ing in the Cold Chain Lo­gis­tics Mar­ket in In­dia.

The re­port has also given de­tails of the seg­ments in Cold Chain Lo­gis­tics mar­ket in In­dia which in­cludes Tem­per­a­ture-con­trolled Ware­houses and Tem­per­a­ture-con­trolled Ve­hi­cles. Be­sides a de­tailed seg­men­ta­tion, the re­port also talks about the lead­ing sec­tor, emerg­ing sec­tors, along with their growth sta­tis­tics. It also analy­ses the mar­ket dy­nam­ics, in­cludes the top driv­ers sup­port­ing mar­ket growth and key re­straints ham­per­ing growth.

Play­ers in the In­dia mar­ket are now look­ing at ex­pan­sion in emerg­ing re­gions. It an­swers ques­tions such as What will the ex­pected Com­pound An­nual Growth Rate For "Global E-Waste Mar­ket in In­dia Mar­ket"? And more.

The cen­tral gov­ern­ment is plan­ning to build a mega-tran­ship­ment hub at a cost of over 5,000 crore to re­duce In­dia's de­pen­dence on the ports at Colombo and Sin­ga­pore for han­dling cargo traf­fic. This tran­ship­ment hub is ex­pected to come up near Tu­ti­corin in Tamil Nadu near the in­ter­na­tional trad­ing route. At present, th­ese ports han­dle most of the con­tainer move­ment as the In­dian ports can­not han­dle larger ves­sels. In­dia is also wary of China's grow­ing in­flu­ence at Colombo port. Colombo and Sin­ga­pore to­gether ac­count for around 66 per cent of con­tain­ers trans-shipped from In­dia.

"We need to cut de­pen­dence of east coast cargo on Colombo by build­ing a con­tainer port near the in­ter­na­tional ship­ping route. This would also ben­e­fit In­dian traders as their cost would come down. The smaller feeder ves­sels will bring con- tainer cargo, which then will be loaded onto larger ships," a se­nior gov­ern­ment of­fi­cial said.

The new con­tainer han­dling fa­cil­ity will not only re­duce the lo­gis­tics cost by around 10 per cent but will also bring down the travel time sub­stan­tially. The ca­pac­ity of the ter­mi­nal is ex­pected to be over one mil­lion twenty equiv­a­lent unit (TEUs), which will in­crease four times in phases in the com­ing years as more berths are added.

In­dia is also likely to pro­vide cab­o­tage re­lax­ation at the new hub. This means for­eign lin­ers would be able to trans­port goods from one In­dian port to an­other with­out pay­ing ad­di­tional tax. In­dia is also plan­ning to build five new ports at an in­vest­ment of around

25,000 crore. New sites for th­ese are be­ing fi­nalised in West Ben­gal, Ma­ha­rash­tra, Tamil Nadu, Kar­nataka and Andhra Pradesh. Th­ese will dou­ble the coun­try's cargo han­dling ca­pac­ity to 2000 MT.

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