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