Building Port Infrastructure To Boost Indian Exports
Indian Transport & Logistics News|July - August 2018

With the recent relaxation on cabotage laws for foreign vessels, there could be an increased utilisation of Indian ports as transshipment hubs, contributing positively to cargo traffic within India.

Shalini Nair
Building Port Infrastructure To Boost Indian Exports

India is the sixteenth largest maritime country in the world. Its vast coastline of about 7,517 kilometres plays a vital role in sustaining growth in the country’s trade and commerce. The cargo traffic handled by ports is expected to reach 1,695 million tonnes (MT) by 2021-22, according to a report of the National Transport Development Policy Committee. Interestingly, with the recent relaxation on cabotage laws for foreign vessels, there could be an increased utilisation of Indian ports as transshipment hubs, contributing positively to cargo traffic within India.

As per the ministry of shipping, around 95 percent of India's trading by volume and 70 percent by value is done through maritime transport. The ministry has set a target capacity of over 3,130 MT by 2020, which would be driven by private sector participation. Non-major ports are expected to generate over 50 percent of this capacity. As of December 2017, the 12 major Indian ports run by the government had a capacity of 1,358 MT of cargo a year. For the year ended March 2018, it handled a combined 679.35 MT of cargo, operating at a capacity utilisation of 50 percent.

Earlier this year in March, a revised model concession agreement (MCA) was sanctioned to make port projects more investor-friendly and make investment climate more attractive. The agreement will provide exit route to developers by way of divesting their equity up to 100 percent after completion of two years from the commercial operation date (COD). The provision for commencement of operations before COD will lead to better utilisation of assets provided by the port in many projects before the formal completion certificate.

هذه القصة مأخوذة من طبعة July - August 2018 من Indian Transport & Logistics News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July - August 2018 من Indian Transport & Logistics News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من INDIAN TRANSPORT & LOGISTICS NEWS مشاهدة الكل
Smartr Logistics temporarily pauses lightweight (e-comm, BFSI) service
Indian Transport & Logistics News

Smartr Logistics temporarily pauses lightweight (e-comm, BFSI) service

Smartr Logistics has decided to temporarily pause the lightweight e-commerce and Banking, financial services and insurance (BFSI) services under Aerex category.

time-read
1 min  |
September - October 2024
Flipkart expands network, hiring ahead of The Big Billion Days 2024
Indian Transport & Logistics News

Flipkart expands network, hiring ahead of The Big Billion Days 2024

Ahead of The Big Billion Days (TBBD) 2024, Flipkart has launched 11 new fulfilment centres (FCs) across nine cities, bringing the total number of FCs in India to 83.

time-read
1 min  |
September - October 2024
Amazon to enable $13 billion in exports from India by 2024-end
Indian Transport & Logistics News

Amazon to enable $13 billion in exports from India by 2024-end

Amazon Global Selling, in the last nine years, has empowered over 150,000 Indian exporters to build globally recognised brands across 18+ international Amazon sites.

time-read
1 min  |
September - October 2024
TVS ILP enters Andhra Pradesh with 3 lakh sqft facility in Vijayawada
Indian Transport & Logistics News

TVS ILP enters Andhra Pradesh with 3 lakh sqft facility in Vijayawada

TVS Industrial and Logistics Parks (TVS ILP) has expanded to Andhra Pradesh with a warehousing facility spanning 13 acres in Vijayawada.

time-read
1 min  |
September - October 2024
CWC selects Horizon as lead partner to develop warehouses
Indian Transport & Logistics News

CWC selects Horizon as lead partner to develop warehouses

Horizon Industrial Parks, a logistics platform in India owned and managed by Blackstone Real Estate funds, has been chosen as the lead partner by the Central Warehousing Corporation, a public warehouse operator under the Ministry of Consumer Affairs, Food & Public Distribution, to manage a portfolio of 13 last-mile logistics assets.

time-read
1 min  |
September - October 2024
Macrotech buys 2 firms to bolster logistics park, warehouse vertical
Indian Transport & Logistics News

Macrotech buys 2 firms to bolster logistics park, warehouse vertical

The real estate firm Macrotech Developers (formerly Lodha Developers) has announced the acquisition of Opexefi Services and One Box Warehouse.

time-read
1 min  |
September - October 2024
GMR Airports to buy 10% additional stake in Delhi Airport for $126mn
Indian Transport & Logistics News

GMR Airports to buy 10% additional stake in Delhi Airport for $126mn

GMR Airports Infrastructure (GIL) has signed a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide (Fraport) for buying its current minority 10 percent equity stake in Delhi International Airport (DIAL), a subsidiary of GIL.

time-read
1 min  |
September - October 2024
India's APEDA-certified pomegranates debut in Australia
Indian Transport & Logistics News

India's APEDA-certified pomegranates debut in Australia

India reached a new milestone in perishable exports by shipping pomegranates for the first time from the farms of India to the people of Australia.

time-read
1 min  |
September - October 2024
India to export homegrown aircraft, says Civil Aviation Minister
Indian Transport & Logistics News

India to export homegrown aircraft, says Civil Aviation Minister

\"We want to manufacture aircraft in India on a large scale, not just to meet domestic demand but to become an exporter of aircraft,\" announced India's Civil Aviation Minister, Kinjarapu Ram Mohan Naidu, at a press meet after his inaugural session at the 10th edition of PHDCCI Aviation & Air Cargo Summit 2024, held in New Delhi on September 4, 2024.

time-read
1 min  |
September - October 2024
DP World Mundra achieves record throughput in July
Indian Transport & Logistics News

DP World Mundra achieves record throughput in July

DP World Mundra handled its highest-ever monthly throughput of 1,29,368 TEUs in July 2024.

time-read
1 min  |
September - October 2024