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Indian maritime sector holds immense investment opportunities

Posted On Thursday, September 02, 2010

With port activities gaining momentum, the same is throwing up huge investment opportunities in the countrys maritime sector Entrepreneurs willing to invest big bucks, but unsure about a perfect option may soon find an answer to their query. According to a report jointly brought out by the Federation of Indian Chambers of Commerce and Industry (FICCI) and global advisory firm Ernst Young, the cou....

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DFC needs alternate funding sources

Posted On Monday, August 09, 2010

The Planning Commission has asked Indian Railways to prepare a new funding plan for the development of dedicated freight corridors in India as the current plan does not take into account cost escalation The ambitious dedicated freight corridor (DFC) project conceptualised to facilitate movement of goods and traffic needs a new funding plan as the current plan does not take into account cost escala....

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Clubbing of two acts augurs well for major ports

Posted On Thursday, August 05, 2010

The Ministry of Shipping is working on a proposal to club Indian Ports Act 1908 and Major Ports Act 1963 into a single consolidated act In a major step towards modernisation and upgradation of existing laws that govern operation of portsboth major and minorin the country, the Ministry of Shipping (MoS) is working towards a policy whereby the two acts namely Indian Ports Act 1908 and Major Ports A....

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India needs massive investment to develop logistics infrastructure

Posted On Thursday, July 22, 2010

In order to expedite movement of goods, the country needs to develop logistics infrastructure and upgrade road, rail and waterways network The plight of the country owing to inadequate logistics infrastructure has been a hot topic of debate since a long time. Logistics activities in India have taken a beating due to abysmal conditions of roads, poor rail connectivity to ports and underdevelopment ....

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Ship repairing proving to be a lucrative line of business

Posted On Thursday, July 15, 2010

Considering the cyclical nature of the ship repairing business, Indian shipping firms are investing huge bucks in setting up ship repairing facilities Diversification of services is of paramount importance for sustaining business in difficult times as it ensures continuous fund flow from at least one channel even if others face difficulty. Understanding this need, the Ministry of Shipping (MoS) ha....

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Indian logistics cos bullish on IT adoption

Posted On Wednesday, June 23, 2010

Indian logistics firms are gradually realising the importance of investing in IT to improve customer service The Indian logistics sector is gradually becoming optimistic about investing in IT. This was reflected in an online survey conducted by Softlink Logistic Systems Pvt Ltd on the countrys logistics sector. The Indian logistics sector is generally believed to be unwilling to invest in IT. Vari....

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Indian Railways continues to bear the burnt of naxal attacks

Posted On Tuesday, June 08, 2010

It is high time for Indian Railways to implement steps to thwart naxal attacks, which has resulted in significant loss of revenues The latest maoist attack on Mumbai-bound Janeshwari Express has yet again revealed the vulnerability of railways to terrorist attacks. In wake of the said attack, there has been a proposal to stop movement of trains via naxalite belts during night. While this is not t....

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Privatisation projects hurting port workers’ interest

Posted On Wednesday, May 19, 2010

All India Ports and Dock Workers Federation has asked Ministry of Shipping not to promote privatisation projects in the port sector as it feels that such projects are hurting the interest of the port workers While the Government of India (GoI) is increasingly promoting privatisation activities in the major ports of the country, the All India Ports and Dock Workers Federation has expressed its diss....

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East-West Metro project thrown off track

Posted On Wednesday, May 12, 2010

With the Ministry of Railways failing to allocate land to Kolkata Metro Rail Corporation for construction of underground stations at Howrah and Sealdah, work on the East-West Metro project may not begin within the stipulated time frame The ambitious East-West Metro project in Kolkata that aims to connect Sector V of Salt Lake to Howrah has run into trouble, with the Ministry of Railways failing to....

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Cochin port on growth track

Posted On Thursday, April 22, 2010

With the commissioning of International Container Transshipment Terminal and LNG terminal, Cochin port is expected to draw more vessels in the near future, thereby boosting its revenues Cochin Port Trust (CPT), one of the major ports of the country, is on a growth trajectory. In 2009-10, CPT handled 17.43 million tonnes (mt) of cargo as against 15.49 mt in 2008-09. Although Cochin port witnessed a....

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Lack of proper infrastructure and cold chains hurt logistics sector

Posted On Tuesday, April 13, 2010

Experts believe that to boost the countrys logistics sector it is imperative to build robust infrastructure and cold chain facilities, which at present are in abysmal and outdated condition On the sidelines of a seminar hosted by the Confederation of Indian Industrys (CII) Institute of Logistics in Hyderabad last week, experts have pointed out the major roadblocks in the growth path of the country....

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India’s rail network lagging behind China

Posted On Wednesday, March 10, 2010

According to a study undertaken by IIFL, China is making rapid improvements in its high-speed rail network, a concept which is still at a nascent stage in India Indian Railways, which boasts of one the worlds largest rail network, is set to face stiff competition. The menace comes from none other than China, which has been posing severe competition to various other segments in the Indian economy. ....

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Investment in infrastructure tops logistics sectors’ Budget wish list

Posted On Tuesday, March 02, 2010

A majority of logistics players are of the opinion that infrastructure in the country needs to be improved manifold for facilitating smooth movement of goods With the Union Budget 2010-11 round the corner, Indias logistics sector, which contributes about 13% to the countrys GDP, is optimistic and looking forward to various industry-specific policy initiatives to be announced in the forthcoming Bud....

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