Domestic air cargo agents form new association

Chennai Airport gets PIB clearance for modernisation

IR to start construction of dedicated freight corridors by 2008-09

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Samudera introduces Haldia service

5

Renault sets up logistics unit in India

6

Chennai Container Terminal all set for tariff hike

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Domestic air cargo agents form new association

In view of the growing importance of domestic air cargo movement in India and so the air cargo agents, the leading players in this sector have announced the formation of an association called Domestic Air Cargo Agents Association of India (DACAAI).
 
Highlighting the importance of the association, the association leaders explained that domestic air cargo business is growing at the rate of 19.5 per cent. All the cargo moves on commercial passenger flights except freighter of Blue Dart and Gati-Air India. The domestic cargo booked on the commercial passenger flights is booked through domestic air cargo agents. However, domestic air cargo agents are not recognised and air cargo has become synonymous to international air cargo. DACAAI will play the role of a platform for domestic air cargo agents.

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Chennai Airport gets PIB clearance for modernisation

The Public Investment Board (PIB) has cleared the Chennai Airport modernisation project, which will now have to be approved by the Cabinet Committee of Economic Affairs. The work is expected to begin by September 2008.
 
The government of India decided in April 2007 that the Chennai Airport would be developed to international standards by the Airports Authority of India (AAI). The AAI has developed a master plan and design of the terminals through global architectural design competition. The plans focus on the enhancement of runway capacity, apron capacity and terminal building capacity. The State government has handed over about 130 acres of land to the AAI for the development of the secondary runway. Land has also been made available by the Defence Authorities.

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IR to start construction of dedicated freight corridors by 2008-09

The ministry of railways is in the process of selecting a global consultant to advise on the concession agreement, principle of track access charges and other financing and bidding issues for the dedicated freight corridors (DFC). Meanwhile, investors from Japan and the World Bank have expressed their commitment regarding investments. IR also approached the Asian Development Bank and other financial institutions. However, IR is fully geared up to build the DFC on its own. The physical works of the DFC will start by the current financial year, informed VN Mathur, member traffic, railway board, while speaking to Cargo Talk.
 
IR has planned to construct a new DFC, initially covering about 2700 route kms equivalent to around 5000 track kms at an approximate cost of Rs 43,000 crores linking the ports of western India and the ports and mines of eastern India to Delhi and Punjab. The construction of DFC will be implemented through an SPV being created for the purpose through a mix of engineering procurement and construction (EPC) and PPP methods. IR will invest Rs 6200 crores and 7800 crores for western and eastern corridors respectively.

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Samudera introduces Haldia service

Leading regional container line Samudera Shipping Line has enhanced its Indian Subcontinent coverage with the introduction of a new feeder service under banner Chittagong Haldia Express (CHX). The service is operated to cover Singapore, Chittagong, Haldia and Singapore in its port rotation, which provides fortnightly calls between the three ports.

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Renault sets up logistics unit in India

Renault has set up a logistics facility in India which will be part of its global supply network and should contribute around 200 million euros worth of component exports by end-2009. The French vehicle maker, which has a joint venture with India’s Mahindra and Mahindra for the logan sedan, is also developing a low-cost car with Nissan Motor Company and Indian motorbike maker Bajaj Auto.

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Chennai Container Terminal all set for tariff hike
The Dubai Ports World-run container terminal at Chennai Port is all set to increase its tariffs by 10 per cent with effect from August 2008. The revised tariff will run through the end of 2009, according to an order released by the Tariff Authority for Major Ports, the government agency that oversees tariff levels in the country’s 12 major ports.
 
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