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Shreyas Relay Systems Ltd, part of Transworld Group of Companies, is set to deploy 100 GPS-fitted trailers in the market to offer multi-modal transportation and has signed an MoU with Tata Motors to purchase 50 trucks. It has already deployed 10 trucks in Gujarat and another 10 will be deployed in Tamil Nadu and Kochi by the first quarter of next fiscal, Mr S. Varadarajan, Chief Executive Officer, SRS, said.
Coastal shipping
The company, which is into coastal shipping since 2002, also plans to increase its fleet strength. “We are in discussions with various international companies and studying the market price for ships. SRS has been servicing various sectors across the country and had achieved a throughput of carrying more than two lakh coastal containers and close to 6 million tonnes of cargo,” he said.
In India, coastal transportation is at a very nascent stage even though the country has 7,000 km of coast line. Today, 65 per cent of the cargo is moved by road, 28 per cent rail and only 7 per cent by sea. Given the situation, SRS wants to position itself as a lead logistics player in the country, he said.
Explores setting up of CFS
The company, with Rs120-crore turnover, is also exploring the possibility of setting up a container freight station in Kochi and other parts of the country.
SRS is also looking for a strategic tie-up with Adani Group for transporting Maruti cars, as Adani has bagged the contract for moving cars from Mundra Port, he said.
On Cabotage Law relaxation, Mr Varadarajan said there was no justification in giving a relaxation. He said his company's view is that Indian ship operators have enough capability to meet the demand. Referring to Kerala, he said the State offers tremendous potential with its vast network of inland water transportation.
It is time to look at alternative modes of transportation considering the environmentally friendly mode of coastal shipping.
The company is focussing more on Kerala as 50 per cent of its cargo is from the State, he said.
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