Ad Here  
STFC raises money Applauding enterprise... More gensets and diesel engines from TAFE Auto test tracks launched at GARC Oragadam campus Chennai Port is at last decongested! LVB gears to become a financial supermarket Climate change may change the way businesses work... ALL-two launches in a row Towards peace of mind Automotive Vision Plan II... Flexible labour laws… TOP 10 CEO Compensation AirAsia India infuses funds to fight out competition Airlines wage price war Sun Edison launches solar pumps Focus on self-certification and third party inspection An American alliance in the chemical industry? Time to fast-pace the logistics sector Realty sector takes a break... Need to focus on ease of doing business... CUB: towards card-less withdrawal Creating Tamil Nadu Banana brand Pharma market dozes Dynamic e-commerce scenario Steel loses its sheen Brand leaders come forward... OBO Bettermann for better lightning protection Celebration time at MS Chola TN budget pragmatic and moderate on fiscal deficit Illicit markets a concern to growing economy ISRO's 100th mission Hyundai excites again Economic issues take a back seat at G20 summit Durga - India’s largest blast furnace; now operational Nothing to hide... Research needs more funding Chennai will soon get its World Trade Centre Is Indian telecom industry heading for a monopoly? Curbing steel imports will hurt small business... Indigo stays leader with 40 per cent share TiE applauds innovative entrepreneurs Innovation that helped Chennai port Downsizing spree... Hero Motocorp - smooth ride Veritas Finance- financing the unfinanced Three more leather clusters… People Flow Day- Safety Scoot offers just Rs.13,500 to ANZ... Chola MS net crosses 100 crores Holiday Inn opens in OMR Chennai TII’s single largest investment at Thiruthani Make way for the new and dynamic railways Indian Bank – global businesses crosses Rs 3 lakh crore... Business Briefs TVS Logistics – another acquisition to sharpen the business model Ridley marathon to India Smart controls for cooling large multi-zone spaces ... ALL – truck industry is recovering from degrowth Secured NCDs from Shriram City Rating of states to be released soon Investor friendly Japan Changing dynamics in human resource management TII-challenging year with flat growth Inclusive and forward moving... Four daughters and a proud father ALL to launch electric busses Chola MS launches motor app WABCO’s second Chennai plant Murugappa- a year of consolidation Strategy war escalates between Hero and Honda Apple maps – finding its way On the ‘milky’ way Housing Innovation Challenge, 2015 Well-refined – RIL’s refinery margins zoom A global plastic event in India Digital retail transactions stabilise at higher level… TCS’ revenues cross Rs 100,000 crore - Purdue and IIT-M sign the dotted line IFCI to raise NCDs upto Rs 2000 crore SumInfra- corridor based development... Bridging the skill deficit in pharma industry Big-ticket investments march towards Punjab Gem of social service... Chennai to get a roundabout Metro Blue Star plans a new plant in south Economic, business and social sustainability Nigeria comes nearer Waste, a gold mine Industry-well poised to invest on expansion Striking cords for 25 years… Techies trip to India Placing the right shoe forward... ECGC expands operations Adding Zest to Scooty Reality bytes Carrefour’s quick exit An aerospace-defence cluster in Tamil Nadu… Business Breif Backpack laboratory Celebrating 180 years of relevance Realising double digit growth in Tamil Nadu Schwing Stetter India joins hands with US-based Gomaco World labour laws at a glance European crisis is a global crisis! When Centre visits the state Tata Steel commence operations at Kalinganagar BRICS development bank Connecting the unconnected The new look- 4s Verna
Time to fast-pace the logistics sector

“The logistics industry of India is at 15 per cent plus growth rate and infrastructure will play a crucial role in realising the growth potential,” said  Rajeev Ranjan, Principal Secretary to Government, Highways & Minor Ports Department, Government of Tamil Nadu. Rajan estimates losses due to inefficiency can add up to more than four per cent of the country’s GDP.

Welcoming 100 per cent FDI in rail infrastructure, Rajan said: “the Vision 2023 document of the state has at its heart, a strategic plan for infrastructure development like the Chennai outer ring road to de-bottleneck the city and the Chennai peripheral ring road to ease the logistics operations.”

Ravichandran Purushothaman, Chairman, CII Chennai Zone, said Indian logistics costs are six per cent higher than China’s. To create sustainable growth we need warehouses, cold chains and centres of excellence in road transport.

Calling ports as amphibians of logistics, Atulya Misra, Chairman, Port of Chennai, said: “The operating income of ports cannot be the right criterion of the port’s performance. Chennai port has an operating income of Rs 600 crore while it gives a flow of Rs 25,000 crore to customs.”

He highlighted the need for recruitment of more custom officials. The current thrust is to quickly modernise, benchmark with international parameters, simplify procedures, expand coastal shipping and achieve private sector efficiency along with public sector transparency.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236