The government has announced a massive investment in IndiaÂ´s ports sector, which is likely to boost the countryÂ´s economy. The government has massive plans of developing ten coastal economic regions by reviving the countryÂ´s Sagarmala (string of ports) Project.
A recent public notice by Tuticorin Customs giving more responsibilities to the operators of 13-odd container freight stations (CFSs) at the port has caused concern among traders. Stakeholders say it would make the operating procedure more complex and take away the advantages the export-import trade currently enjoys here.
Major ports in India are endeavouring towards implementing the Environmental Management System so as to streamline their policies to enhance its overall development. Today, a majority of private players enable seamless movement of cargo from ports to and from CFSs to various first and last mile destinations within the country.
Consider this: At 4.5 mn TEUs last year,Jawaharlal Nehru Port handled over 55 percent of Indiaâ€™s container volumes.Yet it handled less than a fifth of Singaporeâ€™s 25 mn TEUs.What ails Indiaâ€™s container trade? In this issue, we focus on the most important piece in the container logistics eco system: dry ports