GRK Reddy, Promoter & Director, Karaikal Port, shares the insights of the port, the expansion plans and ways to deal with hiccups in the Indian maritime sector to progress efficiently.
![Karaikal Port: A Suitable Gateway For Trade](https://magarticles.magzter.com/articles/13926/237440/598c036e0c600/Karaikal-Port-A-Suitable-Gateway-For-Trade.jpg)
What are the issues that need to be looked in the maritime sector?
Swift modernisation
An efficient intermodal system is vital to the success of a port as it supports seamless movement of cargo across all modes ship, rail and truck. In fact, a government report says that due to poor port infrastructure and productivity, India’s trans-shipment cargo is handled at South Asian hubs like Colombo or Singapore, which costs Indian ports around US $230 million in revenue annually.
Pursuing Make in India
The government’s shipbuilding policy provides a boost by encouraging Indian shipyards to bag foreign orders in a more aggressive manner and meet the requirements of Indian ship-owners.
This story is from the August 2017 edition of Cargo Talk.
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This story is from the August 2017 edition of Cargo Talk.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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