• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Thiruvananthapuram Jan 30 Integrated transportation management through Virtual Travel Market (VTM) will help optimise transportation resource and asset utilisation in the capital city of Thiruvananthapuram.

VTM will enable customers to view transport (air, road and rail) schedules in and out of the Capital as well as track travel suppliers in the city - travel agencies, tour operators, hotels and resorts, according to Mr V.K. Mathews, Chairman and CEO, IBS Group.

IBS Software is a leading player in the travel, transportation and logistics (TTL) space. Mr Mathews introduced VTM while speaking on `Changing landscape of urban living and the IT dimension' at TRIMA 2007, the annual convention of the Trivandrum Management Association.

INTEGRATED VTM

An integrated VTM helps customers to create their own travel packages; travel suppliers can publish their products and services, which will connect real-time to air, rail and road reservation systems.

Besides being able to bring order and discipline to this sector, VTM will also improve the quality of service, safety and security, significantly. VTM in itself will form a recognised forum for selling transportation services. And more importantly, it will help forecast demand and thus private investment.

"No doubt, VTM is best managed privately, as it invites more and more suppliers for healthy competition. Interfacing and networked VTMs to serve the entire State will also become a reality, provided we give due attention and priority," Mr Mathews said.

NEW MODEL

The development model for the city should focus on quality infrastructure to attract industries for employment generation resulting in sustainable growth and development.

"We must conform to a game plan, a master plan for the city that will promote creation of suburbs and route developments outside the city."

Like many other cities, Thiruvananthapuram too today faces inadequate infrastructure.

For the period 2005 to 2015, the population growth rate will be one of the highest projected in India, more than cities such as Pune, Chennai, Mumbai and Kolkata.

There will soon be a tremendous increase in job opportunities here - 1,00,000 IT jobs in the next 10 years and 3,00,000-related jobs as in restaurants and various other supply services are projected. These projections will automatically lead towards increased demand for infrastructure.

Approximately 500-700 apartment buildings are expected come up in the next 10 years in the capital city. About 2 lakh vehicles will be on the roads, demanding an additional road space in the city. This will also call for better transportation infrastructure.

More Stories on : Events | Travel & Places | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cargo-Partner AG launches subsidiary in India

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line