Connecting the dots, catapulting trade
With the promise of a smoother time for the maritime sector, MIS 2016 has raised hopes. Ajit Venkataraman, MD, APM Terminals India, shares his views.
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Through this initiative, the government has made clear its recognition of existing constraints/ issues as well as its commitment to catapult trade in India to the next level. It is also indicative of its holistic vision–focussing equally on infrastructure, education, safety and environment. This is great news for us at APM Terminals Inland Services South Asia, as we are committed to the environment and safety of people, cargo and containers. In addition, we are committed to bringing global best practices and state-of-the-art infrastructure into India.
Several positive measures have been taken: Introduction of new strategies to develop road and rail networks, renewed impetus to the right and modern infrastructure, development of inland waterways as a critical mode of transport, continued emphasis on Public Private Partnership and a professional approach. These will provide a new lease of life to the ailing industry and help it reach its potential.
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The government has addressed some of the pain points that exist today through the Sagarmala project and connectivity of ports by road and rail. These well thought out measures will ensure a significant drop in the cost of logistics, providing an unprecedented fillip to the sector. The development of inland waterways will not only take growth to the Indian hinterland but also drastically release the load on highways and reduce environmental pollution. Additionally, the
`1 announcements of mobilising lakh crore for port sector, doubling the port capacity to 3,000 million tonnes by 2025 and investment agreements to the tune of 80,000 crore are milestone developments. ‘Project Unnati’ to modernise our ports will help reduce inefficiencies and improve operations adding to a robust supply chain. The announcements made by the minister dovetails well with what APM Terminals Inland Services is doing in India. The emphasis on hinterland development, operating efficiencies and enhanced services will enable us to deliver higher benefits, cost savings and ease of doing business for our customers across Nhava Sheva, Dadri, Chennai, Kochi, Tuticorin and Pipavav. We are also more hopeful of reaching unmet needs of the markets across the country.
Along with investment in infrastructure, other factors such as track and trace have to improve too Several positive measures have been taken such as introduction of new strategies to develop road and rail networks, modern infrastructure and more
Ajit Venkataraman MD APM Terminals India