According to Mr Srinivasa R Naik director of ministry of shipping, the Eleventh Plan 2007-12 emphasizes the need for increasing investment in infrastructure from 4.6% to 8% of GDP with a focus on augmenting capacity and enhancing the quality and productivity of transport infrastructure through technology interventions.
Mr Naik said that it is envisaged that the overall investment requirements on infrastructure will be about USD 320 billion which are expected to be met through a combination of public investment, public private partnerships and exclusive private investments, wherever feasible.
Based on the estimates made by the Committee on Infrastructure, headed by the Prime Minister, the Eleventh Plan includes an outlay of USD 135 billion for modernization and up gradation of some of the key transport infrastructure sectors such as highways, civil aviation, port and harbor and railways.
Talking about ports, he said that they handle over 90% of the country’s foreign trade in terms of volume. There was an impressive growth of 13.6 per cent in container traffic handled at Indian ports during the previous five-year period ending 2005-06.This rapid growth in container traffic is expected to be maintained for another decade as more than 50 per cent of freight movement has already shifted to containerisation worldwide.
Jawaharlal Nehru Port handled nearly 50% of total container traffic handled at all ports. The Government has identified 12 rail projects out of which four have been completed at a cost of INR 942 crore at Haldia, New Mangalore, Kolkata and JNPT eight projects are in different stages of implementation costing INR 1,886 crore. Two new projects at the cost of INR 1862 crore at Kolkata and Mormugao are in the proposal stage and sanctions are likely to be received shortly.
He added that there are 15 projects under implementation in national highways out of which three have been completed at a cost of INR 278 crore and eight are at different stages of implementation at the cost of INR 1814 crore and 5 projects are under implementation through build, own and transfer mode.
Mr B Sridhar chairman of Logistics Summit 2009 and Director, Bengal Tiger Lines emphasized the fact that efficient logistics for competitiveness needs the support of the government and respective ministries. He suggested the need to create an apex body for logistics integrating all modes of transportation, system, process and the related documentation issues; and to take up transaction cost assessment with respect to Indian logistics.
(Sourced from http://www.steelguru.com/news/index/2009/10/12/MTE1NTU1/Rays_of_recovery_-_Growth_in_container_traffic_likely_to_continue.html)
Sunday, October 11, 2009
Rays of recovery - Growth in container traffic likely to continue
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