Commerce and Industry hosts Conference on Ports Shipping & Logistics

Shri. Nitin Gadkari, Minister for Road Highways (MoRTH) listed crucial to streamline andLogisticsindustryin are Ethics, Economy, Environment. med that about 40% of inthecountrywas due t was necessary to transport in the country. The was implementing promote the public adkari said that the was promoting electric hydrogen as the fuel of most of the work of the pressway would be December Healsosharedthat would be set up in alongwith dry ports in Pune, Nagpur explained the importance g cost effective and entire picture of transport d Goa could change transport for this route. sustainable with respect to people living in those

Prof. Yadav discussed recent logistics developments such as use of blockchain technology and artificial intelligence in logistics, to anticipate shipping delays, analyse weather patterns, analyse sensorenabled shipping container, and so on He offered his thoughts on Net Zero's objective of achieving a carbon-neutral economy by 2050. Lastly, Prof Yadav discussed the Green Economy, emphasising theneedofreducing,reusing,andrecycling.

Mr. Dumasia informed that the current budget of the Union Govt of India allocated $60 billion for road transport, rail and cargo storage, and port capacity Shipping was growing by 8.7% per annum while port capacity was expanding. It was observed that the average logistics cost was about 13% of GDP and it should be reduced to 8-9%ofGDP .

Mr Dumasiamentionedlongerdwelltime in ports, challenges regarding investment in warehouses, last mile connectivity and lesser penetration of technology solutions He suggested that the government should attempt to reduce the risks associated with infrastructure investment through better politicalstability,conducivepolicyframework and efficient implementation of the infrastructureprojects.

Panel 1: Changing Business Models and Innovation in Logistics and Maritime Sector

Bombay Chamber, Shri. Mr. C R Nambiar, CEO, Agencies, Mr Rajiv Jalota, Mumbai Port Authority Modi, MD, Daily their contributions to

P r o f . G a n a p a t i Ex-Vice Chancellor the Sustainable and their relevance in ned how technology mprove efficiency of stics

Mr. Neville Dumasia, Partner, EY presented the summary of stakeholders discussions conducted prior to the Conference He further offered strategic recommendations as a thought leadership outputfromtheknowledgepartnership.

According to Mr Dumasia, India's GDP would be $ 26 trillion by 2047, and per capita income would be $15,000 by 2047. This would be achievable because of the demographic dividend of India, digital infrastructure growth, and increasing manufacturing spaceduetoconducive governmentpolicies andinitiatives.

The first CXO Roundtable discussion on Changing Business Models and Innovation in Logistics and Maritime Sector which was moderated by Capt. Nikunj Parashar, Founder, Sagar Defence Engineering and Oceanos BV Netherland The panel members were Mr. Gaurav Gupta, Managing Director, DSV Solutions Pvt Ltd; Mr Pratik Shah, Director, EY; Mr. Dharmendra Gangrade, HeadLogistics Management Centre, L&T Group andMr.AshishAgarwal,MD,Freightos.

Thepanelhadconsensusfortheneedofa holistic platform that serves as a one stop solution for all processes involved in the logistics movement. This could be achieved through innovation and integration of smart technology into operational systems ThethreemainchallengesfacedinIndiawere inadequate infrastructure, complicated regulationsandunskilled Cont’d. Pg. 6-7