Trending Headlines in Logistics dated 04/05/2017

Logistics Sector News

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Government to construct 35 multimodal logistics parks: Gadkari

The government will develop 35 Multimodal Logistics Parks (MMLPs) in the country, which will bring down the logistics costs to a great extent and help the country’s economy, Union Minister Nitin Gadkari said on Wednesday.

The Minister of Road Transport, Highways and Shipping was speaking here at the inauguration of the India Integrated Transport and Logistics Summit (IITLS), which aims to facilitate constructive dialogue for the development of multimodal infrastructure in the country.

“We have identified 36 ring roads in the country that will have logistics parks. We have also consulted several stakeholders for the projects,” Gadkari said.

According to the minister, MMLPs will serve 50 per cent of the freight movements, enable 10 per cent reduction in transportation costs and 12 per cent cut in C02 emissions…(see more)

Vizag port container traffic gets infra boost:

Container traffic at Visakhapatnam Port Trust (VPT) is witnessing an upward growth during the last three years. VPT officials said better infrastructure facilities at the container terminal is helping the major port attract more customers into its fold as compared to other ports on the east coast.

During 2016-17, container traffic grew by 25% with the major port handling a record 3.67 lakh TEUs as against 2.93 lakh TEUs in 2015-16.

In tonnage, a record quantity of 6.43 million tonnes was handled as against the previous record of 5.15 million tonnes in 2015-16.

Speaking to TOI, VPT deputy chairman PL Haranadh said, “People are willing to divert containers to Vizag as it is good for finished goods. We are able to tap traffic from Raipur and also food grains going to Kakinada is now being converted to containerised form due to our marketing efforts”…(see more) 

Indian maritime sector—on the cusp of revolution :

There are two geographical factors that put the Indian maritime sector at an advantageous position – the vast coastline of 7,500 km and the strategic location along most major shipping highways. For years, the maritime routes have been used for trade and a show of strategic strength.

Today, the country boasts of a modern shipbuilding and shipping sector, replete with all the variables necessary for overall industrial growth.

Combined, these factors provide a strong basis to attract big investments in the Indian maritime sector. In fact, as per Prime Minister Narendra Modi, the sector has huge potential to become, “the engine of growth” for India…(see more)

 

 

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