India Shipping min moves to turn major ports green :
All major Indian ports will have to undergo an audit to become ‘Green’ and ‘Swachh’. The Union shipping ministry has conducted a pilot study at Mumbai Port Trust (MbPT), which saw the over 70% compliance. The remaining 11 major ports will also undergo the audit (read more)
Expect CFS volume growth to continue at 5-7%: Allcargo Logistics:
In an interview to CNBC-TV18, Prakash Tulsiani, COO of Allcargo Logistics talking about the business outlook said he is confident of maintaining the volume growth for container freight station (CFS) at 5-7 percent going forward too.
Export-import volume growth for the company stood at 1-2 percent, which is higher than the market, said Tulsiani, adding that they expect the grow higher than the market in future too.(Read more)
Govt must push for 24×7 cargo movement through Attari border:
As a new government has taken charge in Punjab, the major economic challenge it faces is to create a conducive investment environment. Punjab’s locational disadvantage makes production of and trade in goods uncompetitive.
To illustrate, a Mumbai exporter has to pay $1,400 (around Rs 91,000) as ocean freight for shipping a container from Mumbai to Europe. An exporter from Ludhiana has to incur an additional $490 (Read more)
Rail freight corridor may lead to lower bidding for road projects:
The construction of a dedicated rail freight corridor may lead to investors lowering their bids for road projects, even as more and more stretches of the Railways have started moving trucks on trains, says a research paper.
According to Crisil Research estimates, the first 75 operational highway projects tendered under the toll-operate-toll model may fetch around ₹40,000 crore against original estimates of about ₹70,000 crore, which was later revised downward (Read more)