Changes on the anvil
The maiden Maritime India Summit 2016 intended to give a boost to the shipping sector. And showed the government’s commitment to removing hurdles and building the maritime sector at par with global standards. Several pacts were inked with many companies to develop port led projects across its coast. But the sad news is that the industry is not getting relaxation on cabotage law restriction for transportation of export-import. So experts say that a lot needs to be done, reflected upon and acted upon.
On the air cargo front, the one day basic cargo awareness programme, that was initially launched at Delhi Airport, was launched by Bangalore International Airport with the emphasis on highlighting the development of a strong cargo community, economic growth and global recognition.
Seeing the boom in e-commerce sector, we made an attempt to find out the prospects of logistics growth in tier II and tier III cities. The industry is already exploring uncultivated markets and looking at the changing scenario. In the process we learned about the untapped potential of rural India.
The Agility report has ranked India at the third rank in the emerging market logistics index for 2016, after China and UAE. In this issue, you will read about what India can do to rise and reach the number one position. The ‘Make in India’ campaign has much to give to the industry if correct measures are taken according to the requirements of the logistics industry. And on these lines, with the heavy investment in the shipping, ports and allied sectors, the industry is getting ready for a huge change.