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