Focus on the logistics sector and emphasis laid on encouraging multi-modal logistics parks will give a fillip to the port-led development all along the 7,500-km coastline, top representatives from various industries say.
Reacting to Union Finance Minister Arun Jaitley’s Budget speech on Wednesday, those in the logistics sector said that the thrust given to rural economy and port-led development by developing the Visakhapatnam-Chennai Industrial Corridor and East Coast Economic Corridor, and setting up of economic zones in the coastal areas would enhance the demand for cargo-handling.
“We are very happy with the priorities attached in the Budget. We already have plans for two multi-modal logistic parks in the Visakhapatnam area and another is in the pipeline. Manufacturing regaining buoyancy will definitely encourage cargo containerisation,” Visakhapatnam Port Trust Deputy Chairman P.L. Haranadh told The Hindu .
