Ad Here  
August
September
October
November
December
January
 
 
Chennai will soon get its World Trade Centre Realising double digit growth in Tamil Nadu Flexible labour laws… More gensets and diesel engines from TAFE World labour laws at a glance Backpack laboratory TN budget pragmatic and moderate on fiscal deficit On the ‘milky’ way Well-refined – RIL’s refinery margins zoom Waste, a gold mine Scoot offers just Rs.13,500 to ANZ... A global plastic event in India Make way for the new and dynamic railways Techies trip to India Blue Star plans a new plant in south TCS’ revenues cross Rs 100,000 crore BRICS development bank Indigo stays leader with 40 per cent share ECGC expands operations ALL-two launches in a row Sun Edison launches solar pumps Focus on self-certification and third party inspection Economic, business and social sustainability Smart controls for cooling large multi-zone spaces ... SumInfra- corridor based development... Climate change may change the way businesses work... Gem of social service... Downsizing spree... Veritas Finance- financing the unfinanced Creating Tamil Nadu Banana brand Purdue and IIT-M sign the dotted line TVS Logistics – another acquisition to sharpen the business model TII’s single largest investment at Thiruthani Innovation that helped Chennai port Schwing Stetter India joins hands with US-based Gomaco The new look- 4s Verna ALL to launch electric busses Reality bytes TII-challenging year with flat growth Digital retail transactions stabilise at higher level… Celebration time at MS Chola Applauding enterprise... Airlines wage price war STFC raises money European crisis is a global crisis! Nigeria comes nearer Nothing to hide... Hyundai excites again Dynamic e-commerce scenario Ridley marathon to India OBO Bettermann for better lightning protection Adding Zest to Scooty Carrefour’s quick exit TiE applauds innovative entrepreneurs Illicit markets a concern to growing economy Holiday Inn opens in OMR Chennai Investor friendly Japan Automotive Vision Plan II... Bridging the skill deficit in pharma industry Curbing steel imports will hurt small business... Steel loses its sheen An American alliance in the chemical industry? Striking cords for 25 years… Housing Innovation Challenge, 2015 Time to fast-pace the logistics sector - Towards peace of mind Brand leaders come forward... TOP 10 CEO Compensation Business Briefs Pharma market dozes ISRO's 100th mission Business Breif IFCI to raise NCDs upto Rs 2000 crore Chennai to get a roundabout Metro AirAsia India infuses funds to fight out competition ALL – truck industry is recovering from degrowth CUB: towards card-less withdrawal Tata Steel commence operations at Kalinganagar People Flow Day- Safety An aerospace-defence cluster in Tamil Nadu… Four daughters and a proud father Chola MS net crosses 100 crores LVB gears to become a financial supermarket Is Indian telecom industry heading for a monopoly? Auto test tracks launched at GARC Oragadam campus Changing dynamics in human resource management Hero Motocorp - smooth ride Strategy war escalates between Hero and Honda When Centre visits the state Connecting the unconnected Research needs more funding Durga - India’s largest blast furnace; now operational Industry-well poised to invest on expansion WABCO’s second Chennai plant Economic issues take a back seat at G20 summit Celebrating 180 years of relevance Murugappa- a year of consolidation Apple maps – finding its way Secured NCDs from Shriram City Rating of states to be released soon Placing the right shoe forward... Chola MS launches motor app Inclusive and forward moving... Three more leather clusters… Need to focus on ease of doing business... Big-ticket investments march towards Punjab Chennai Port is at last decongested! Indian Bank – global businesses crosses Rs 3 lakh crore... Realty sector takes a break...
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com