India has significantly reduced logistics costs by nearly one-third through extensive infrastructure investments, notably under PM Gati Shakti and the National Logistics Policy. Key advancements like Dedicated Freight Corridors have transformed cargo movement, enhancing efficiency across sectors. The goal is to lower logistics costs to 8% of GDP by 2047, promoting global competitiveness.
Cochin Port, Kerala’s second-largest port, is poised for a ₹10,000 crore upgrade, enhancing both the port and Cochin Shipyard. Key investments include ₹1,500 crore for the Vallarpadam Transhipment Terminal and ₹500 crore for an LNG bunkering facility, aiming to boost container handling and overall maritime capabilities in Kochi.
August marks a pivotal moment for New Zealand’s KiwiRail as it concludes its iReX ferry program and retires its oldest vessel. This modernization initiative aims to enhance interisland transport, crucial for moving US$8.5 billion in freight annually. KiwiRail plans to collaborate on new rail-enabled ferries by 2029.
With just four days until the Vizhinjam International Seaport’s commissioning, the Kerala Maritime Board plans to upgrade the adjacent minor port through a public-private partnership. Pending state government approval, redevelopment aims to enhance capacity for small and mid-sized ships, integrating it further into regional logistics and ferry services.
