No short term ben­e­fits

Cargo Talk - - Report -

The much-awaited Union Bud­get 201617 had no di­rect fo­cus on lo­gis­tics, es­pe­cially for the air and sea sec­tors. Fi­nance Min­is­ter, Arun Jait­ley, has al­loted

` 2.80 lakh crore for road and rail. That will be ben­e­fi­cial for pro­vid­ing bet­ter multi-modal con­nec­tiv­ity. The govern­ment’s im­pe­tus on in­creas­ing the ef­fi­ciency and mod­ernising of ports and im­prov­ing the road in­fra­struc­ture will ab­so­lutely pro­vide a fil­lip to the sec­tor.

How­ever, GST still re­mains one of the prom­ises that govern­ment has to de­liver. We hope the govern­ment will do a bet­ter job with the Na­tional Civil Avi­a­tion Pol­icy specif­i­cally in re­gard to the air cargo sec­tor.

The Rail­way Bud­get has fo­cused on ca­pac­ity cre­ation by three new freight cor­ri­dor, ra­tio­nal freight rates, time-tabled freight trains, build­ing lo­gis­tics park and ware­houses on PPP mode and rail-auto hub in Chen­nai.

On the air cargo front, Delhi In­ter­na­tional Air­port has launched the DIAL Cargo app for end-to-end track­ing of ship­ment for end users. Air­lines are ex­pand­ing their hori­zons to reap the ben­e­fits of boom of e-com­merce. Com­pa­nies are mak­ing ef­fort for 100 per cent e-freight adop­tion, even over­seas.

See­ing the boom in the e-com­merce com­pa­nies and their grow­ing in­ter­est in in­vest­ing into their own lo­gis­tics in­fra­struc­ture, dis­cussed with lo­gis­tics ser­vice providers about the sce­nario and why e-com­merce com­pa­nies does not want any in­ter­fer­ence of 3PL.

On the ship­ping front, more in­land con­tainer de­pots are in line with the aim to in­crease cargo han­dling ca­pac­ity.

And in­sur­ance is im­por­tant in ware­hous­ing sec­tor. Goods need pro­tec­tion from many sources such as theft, flood­ing, fire and more. Read the guest col­umn to know how to safe­guard the goods.

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