Monday, September 18, 2006

THE LAST FRONTIER : WATER TRANSPORT AND INDIAN PORTS

IIPM PUBLICATION
The Singapore and Hong Kong ports alone handle more traffic and freight than all the Indian ports put together. That just about sums up the bitter reality of water transport in India. Says A. R. Ramakrishnan, CEO, Essar Shipping Ltd, “Extensive dredging work... both capital and maintenance... need to be undertaken on an urgent basis to enhance drafts and allow bigger vessels to berth at ports.” As India intensifies the process of integration with the global economy and relies on trade to drive growth, ports will be a critical link in the chain. At the moment, Indian ports are managed by the State and are quite obsolete and inefficient. India will be increasingly relying on modern ports to import oil, gas, heavy capital equipment and machinery to feed the industrial resurgence that is visible over the last few years. For example, the 15 million tonne steel project being implemented by POSCO in the state of Orissa would collapse without a modern port that can handle the massive traffic that will be generated.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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