His company has outlined a whopping Rs 88 billion expansion plan that will take cumulative strength of its ports from 75 mtpa to 200 mtpa by 2021.
Airports are the next infrastructural buzzword that will be the game-changer in IndiaÂ´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.
Even before the construction of the multimodal terminal at Haldia in West Bengal kicks off, it has received a commitment of 5.92 million tons (MT) per annum of cargo volume by the year 2018 from the industry, indicating huge cargo potential of the proposed terminal.
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalÂ’s current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
More than 90 per cent of IndiaÂ´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.