Gateway Rail to start handling container traffic at Viramgam:
The Indian Railways has notified a container terminal of Gateway Distriparks arm near Ahmedabad for handling cargo, the company said today.An inter-ministerial committee (IMC) has already cleared an inland container depot (ICD) at this terminal.
“Gateway Distriparks Ltd today announced that the fifth rail-linked container terminal of its subsidiary, Gateway Rail Freight Ltd, at Viramgam near Ahmedabad has been notified by the Western Railway for handling container traffic. The terminal will be a double stack switching hub for the company on the North-West trade route,” the company said in a statement (read more)
Subsidy under regional air connectivity plan is time-bound, says Jayant Sinha:
A viability gap funding amount of around ₹205 crore per annum will be provided for the operators chosen in the first round of bidding under the regional connectivity scheme, Minister of State for Civil Aviation Jayant Sinha said. In an interview to BusinessLine, Sinha outlined the working of the scheme and why he is confident, it will succeed. Excerpts:
Every airline (under RCS) is going to operate on a hub and spoke approach because that is the most cost-effective and economical way to proceed. Kolkata is a major hub, Shillong, Guwahati is a major hub and Delhi is a major hub…. Mumbai would have been a major hub but is not because there are no slots available. The way the airlines have thought about their routes is very much hub and spoke.
There are a few routes that end up becoming point-to-point because of sufficient traffic which is the way it has developed everywhere in the world. By and large what we are seeing is the emergence of a regional aviation market which is appropriately based around certain hub (read more)
Nod for Motor Vehicles Amendment Bill:
To improve citizen-centric services, the government will soon allow applying for driving licences online through Aadhaar-based verification of identity. There will be provision for time-bound services. With the use of Aadhaar, learners licence can be issued online.
“The proposed Motor Vehicles Amendment Bill has been approved by the Cabinet and the Road Transport and Highways Ministry will be presenting the Bill in the Lok Sabha over the next few days,” Road Transport and Highways Minister Nitin Gadkari said.
There is a proposal to make the driving licence and registration data-bases between States and Centre interoperable to prevent duplication of licences. There will be provision for computerised testing and dealers can issue vehicle registration (read more)
Connected Logistics Market Expected to Reach 41.30 Billion USD by 2021:
According to a new market research report „Connected Logistics Market by Software (Asset Management, Warehouse IoT, Security, Network Management, Data Management, and Streaming Analytics), Platform, Service, Transportation Mode, Vertical, and Region – Global Forecast to 2021”, published by MarketsandMarkets, the connected logistics market size is expected to grow from USD 10.04 Billion in 2016 to USD 41.30 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%
The major drivers include an upsurge in demand for connected logistics software, platforms, transportation mode, verticals, and services which include an increasing demand for improved technology and services in logistics, an emerging trend of connected devices, increasing government initiatives, and the emergence of IoT. Asset management software is likely to hold the largest market share in the connected logistics market (read more)
Parliamentary panel seeks separate funds for ‘green’ Railway projects:
By: PTI | New Delhi | Published:March 31, 2017 4:54 pm
A parliamentary committee has suggested separate budget allocation for green energy initiatives by the Railways so that no such project is stuck due to want of funds. The Railway Convention Committee (RCC) headed by BJD MP Bhartuhari Mahtab has expressed concern that as of now no state government/PSUs have entered into energy purchase agreements with the Railways.
“It is also a matter of concern that there are no investment partners in the PPP model for installation of wind farms,” its latest report said. The Railways has plans for setting up about 200 MW of wind mill power plants. The Committee has asked the Railways to accelerate the process so that more wind farms are set up and the energy sourced from them is gainfully utilised(read more)