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R.M. Rajarathinam

Mr Ennarasu Karunesan, CEO and Director, Chennai Container Terminal Ltd, addressing the BL Club meeting organised by the Hallmark Business School in Tiruchi. —

Our Bureau

Tiruchi, Oct. 9 The Indian economy has crossed the threshold of $1 trillion, and the Indian logistics sector is expected to reach a market size of over $135 billion by 2010. Of this, the transportation sector alone constitutes 35 per cent, Mr Ennarasu Karunesan, Director and CEO, Chennai Container Terminal Pvt Ltd, said earlier this week addressing the BL Club Lecture Series organised by the Hallmark Business School.

The influence of ICT (Information and Communication Technology) has made the Indian economy competitive, he said delivering a talk on ‘Role of Logistics Management in Global Economy’.

The container volume which was 20 million TEUs in 1980 is expected to reach 500 million in 2010. Asia holds 50 per cent container trade and the size of ships have increased. In the future, mother vessels of 6,000 TEUs capacity will become the feeders, and hence, to meet the growing size of ships, the ports’ infrastructure must be upgraded immediately, he said.

He said that the Chennai Container Terminal has transformed Chennai into a mainline Hub Port with connectivity to 58 global ports. Eight mainline vessels call at Chennai. CCT has joined the ‘Million TEUs’ Club in 2007 — this speaks of its high performance standards, he said. Logistics India is connecting all the 140 ports, 7,000 km coastline, 63,000 km rail network, 14,000 km of inland navigable waterways and 65,000 km of national highways where the traders have to move the goods using these modes.

India has become source of global talent, and in order to attract talented Indians to manage worldclass ports in India, the National Maritime Board has earmarked Rs 1 lakh crores for the next 10 years, he said, urging young managers to join the ports and logistics sector, thus making it a more efficient contributor to the Indian economy.

More Stories on : Shipping/Ports | Infrastructure | BL Club | Tamil Nadu

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