Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.

Denmark´s Svitzer, Japan´s K Line and Australia´s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in a deal valuing the Indian shipping firm about $450-500 million.

Commercial operations at the Chabahar port are expected to start in the 18-24 months, which will provide India increased connectivity to Russia and North Baltic countries, among others, Minister of State for Shipping P Radhakrishnan informed the Parliament.

Union Shipping Minister Nitin Gadkari has urged the United States (US) to invest in development of new ports and construction of new berths/terminals in the existing ones.

The government has allocated a total Gross Budgetary Support (GBS) of Rs.46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways.

Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with the Government of India for the financial year 2016-17.

Mansukh Lal Mandaviya has assumed the charge of Minister of State, Ministry of Road Transport & Highways and Shipping from July 11, 2016. He is a BJP MP (Rajya Sabha) from Gujarat.

The Logistics Sector Skill Council is unique in its own way. Logistics is an activity that pervades all industry, either in the form of pure-play logistics (ports, infrastructure, freight forwarding, air cargo, transportation) or in-plant logistics.

More than 90 per cent of India´s inbound and outbound cargo is moved by the freight forwarding industry. Our association is the apex body and is a national body for this industry. We are a very important link between the trade and the government as we represent the interests of the trade to the government and assist in bringing the relevant policies to the trade.