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Friday, Apr 26, 2002

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`Containerisation only hope for Railways'

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CHENNAI, April 25

CONTAINERISATION is intermodalism, and the only hope, survival and prosperity for the Indian Railways, the General Manager of Southern Railway, Mr V. Anand, has said.

Intermodal is containerised movement of goods using the combination of rail, road and sea.

Addressing members of the Hindustan Chamber of Commerce here on Thursday, he said Container Corporation of India (Concor), an arm of the Railways, handled around 1 million TEUs (twenty foot equivalent units) in 2000-01, 10 times higher since it's inception in 91-92. "We can be rest assured that this growth is going to be exponential in future. Various research organisations estimate that India needs to handle about 10 million TEUs, else we are sunk." India currently handles around 2 million TEUs.

According to Mr Anand, to take advantage of the containersation, the railways should formulate various new strategies.

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