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All eyes on Sankara Nethralaya Inflation: are we emulating Argentina and Brazil? Convulsions in The Hindu L&T- the specialty of special purpose vehicles Discoms deserve better… Noble nonagenarians... Dr C Rangarajan returns to Chennai The ‘Jayanthi Tax.’ Banning booze... Put expensive assets created to use... Sweet news for TN sugar mills Russi Mody – a tribute Shale gas and its shallow future GM Technology at last! Intellectual of rare qualities Building loyalty through the stomach New IT products of Ramco in the pipeline… For whom the bell tolls? Where is Rajaji? Sweeter prospects for sugar Readers' Mail Kudos to NDTV... Infrastructure funding – lessons learnt Kinetic Karnataka More heat than light Lalu’s envy, India’s pride The brown list of Venkitaramanan CII projects higher growth… Bihar – Nitish Kumar adopts the Lalu model Naidu will soon build a new Hyderabad CIPET hqrs to stay at Guindy – for the present? 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More Shakthi to Das’ elbow Fortune 500 review Build close rapport with business leaders Whistle-Stop Tour of Raghuram Rajan …and of a popular trade leader Cutting the nose to spite the face Air Asia India will set new benchmarks for budget travel Tihar, Puzhal not different from Parappana Agrahara Modi storms Silicon Valley Not just in-laws (and outlaws); they’ve renowned academics at the helm! Increasing non co-operation of state leaders The why of tax incentives
 
Shipping woes of Chennai companies

WIL’s Srivats Ram expressed concern over the long time taken to ship consignments through Chennai Port. The turnaround of vessels takes long with eastern ports being served by feeder lines with transhipment at Colombo or Singapore for destinations in Europe, US and elsewhere. The absence of direct services to these destinations with higher costs involved in transhipment impacts on exports. This is a big concern in the context of the huge increase in engineering exports from Tamil Nadu. Ram pointed to three TVS companies alone accounting for export volume of over Rs 2000 crore a year. Murali pointed to another Rs 1500 crore of exports by castings and forgings industry. Major automobile producers – Hyundai Motors, Renault-Nissan and Ford Motor Company – among them, export annually around 400,000 cars; plus there are exports of commercial vehicles by Ashok Leyland. The value of automobile exports could thus be in excess of Rs 20, 000 crore. Surprisingly, port facilities have not been keeping pace with such booming exports.

This is surprising in the context of four large ports operating in the vicinity of Chennai – Chennai Port, Ennore Port, L&T’s Kattupalli Port and Krishnapatnam Port in Seemandhra. Despite the Union Ministry of Shipping headed in the recent decades by MP from Tamil Nadu (TR Baalu and GK Vasan), one did not witness much dynamism in regard to leveraging the rich facilities created. Sadly, the state government has also been indifferent to exploiting this huge potential.

There are expectations on the dynamic Chief Minister Chandrababu Naidu of Seemandhra attracting a lot of traffic from Tamil Nadu. With the capital of the new state located near Vijayawada, this port will receive a lot of attention.

 

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