Category Archives: IndusVoice

On May 16, 2014—the day Narendra Modi was elected as India’s new prime minister—Adani Ports and Special Economic Zone acquired Dhamra port, a joint venture between the Tata group and Larsen & Toubro, for Rs5,500 crore ($930 million) and stepped up its play on the east coast.The company—controlled by India’s eighth richest man Gautam Adani—already operates India’s biggest private port on the west coast at Mundra in Gujarat.Now, Adani is reportedly making plans to buy Essar Ports—India’s second biggest port operator—which will make it the biggest port operator in India after the union government.

Adani’s big play in ports also comes at a time when India’s port and shipyard sector is witnessing a renewed interest from Indian and global investors—and a lot of it has to do with prime minister Modi.

A business that is in operation has got its cycle of boom and recess. These are the periods when the business is doing well and adversely, respectively. Just like any business, the freight forwarding industry also has got a share of its own challenges. These are obstacles that hamper the smooth running of the freight forwarding industry. Some of the challenges completely stifle the operations of a freight industry which forces it to wind up and go out of business.

Choosing an international freight forwarder is crucial to the ultimate success of any business that has to import or export cargo on a regular basis. The last thing any business needs is for shipments to be late, get lost or arrive in poor condition. The only way to ensure that your shipping needs are met is by hiring a competent freight shipping company best suited to your needs. Whether your firm is just starting up, branching out into a new sector or simply looking for new freight forwarders with whom to do business, there are some very important questions that need to be answered before you can tell if you are a good match.

The Shipping industry is a clear indicator of the economic health of the country and  long term capacity building plan is crucial to improve the economicThe Budget has bought some cheer to the shipping industry with the Finance Minister Arun Jaitley has proposing the development of 16 new port projects in the current fiscal year.