Speaking at the National Conference on Development of Ports anel Shipping "Transforming Indian Ports into World Class Facilities", Mr. M.M. Saggi, Nautical Advisor to Govt. of India, said, "If Indian Port and Shipping has to become world class, greater private sector partnership in the infrastructure development of ports and shipping is vital. Indian Port and Shipping must gear itself to take on the huge growth potential". He regretted that the shipping and port sector had not attracted even a single Foreign Direct Investment despite the tremendous growth potential of the sector. He expected the capacity of Indian Ports to triple to around 2 billion tonnes in the next five years from the current 6 million tonnes.
Mr. Ramu S. Deora, Chairman, All India Shippers Council, ASCOBIPS, and FICCI Trade Facilitation Forum, was unhappy that despite a high utilization of capacity the country's port and shipping sector continues to face congestion and backlog of cargo impairing smooth handling of international cargo. While the need to boost exports demands high quality of services at competitive costs, the weakening of the global freight markets and the inadequate flow of investments continue to impair the growth of shipping and ports, he added. According to him the logistics costs in India accounted for I 3% of GDP compared to 1 1% in Japan; 10% in Europe and 9% in the US on account of poor logistics infrastructure at ports in the country.
Emphasizing the need to improve trade facilitation and value added services in order to transform Indian Ports into world class facilities, Mr. Rajesh Sampson, Associate Director, Ernst & Young, said "Systems such as PortNet and Trade Net of Singapore as well as developments of distriparksakin to Keppel will go a long way in improving services levels in Indian Ports".
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Labels: development, Development of Ports, Foreign Direct Investment, Indian Ports, Infrastructure, National Conference, PortNet, Shipping, Trade Net, Transform, World Class Facilities