Karaikal Port: A Suitable Gateway For Trade

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.

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.