Multimodal logistics parks to enhance rail freight system

By Shardul Thacker,Mulla & Mulla & Craigie Blunt & Caroe
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India’s dynamic retail sector, one of the largest in the world, is set to see unprecedented growth over the next five years. Its success principally depends on efficient logistics and supply chain management. Logistics companies use state-of-the-art technology to provide the sector with vital access to the country’s vast transportation network (comprising railways, roads, air, sea, ports and inland water transport), enabling it to meet rising consumer demand. The Indian logistics sector itself is estimated to grow at an annual rate of 15-20%, with projected revenues of approximately US$385 billion by 2015.

Shardul Thacker,Partner,Mulla & Mulla & Craigie Blunt & Caroe
Shardul Thacker
Partner
Mulla & Mulla & Craigie Blunt & Caroe

As the nation’s predominant means of bulk freight and long-distance passenger transport, railways are widely considered the lifeline of the Indian economy. Railway traffic has shown substantial growth of 9% per annum for freight and 8% per annum for passengers over the last five years.

In order to play their vital role in the integrated multi-modal transport system of the country, railways need to augment capacity, and to develop complete logistics solutions for freight customers. In keeping with its ambitious target of carrying 1,100 million tonnes of freight and 8.4 billion passengers by 2011-12, the Ministry of Railways has launched various developmental programmes. Among the most significant of these is the dedicated freight corridor (DFC) project.

The Indian railways’ Golden Quadrilateral – which links the four metropolitan areas of Delhi, Mumbai, Chennai and Howrah, as well as its two diagonals (Delhi-Chennai and Mumbai-Howrah) – carries more than 55% of the whole railway system’s revenue-earning freight traffic. Several factors – saturation usage of the existing trunk routes of Howrah-Delhi on the eastern route and Mumbai-Delhi on the western route, surging power requirements necessitating heavy coal movement, booming infrastructure construction and growing international trade – contributed to the conceptualization of the DFC project. The US$8 billion flagship project entailed construction of approximately 3,300 kilometres of double, electrified, high axle load track (suited for high capacity wagons and heavy haul freight trains) between Jawaharlal Nehru Port Trust in Mumbai and Tughlakabad–Rewari on the western route, and between Kolkota and Ludhiana on the eastern route.

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Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.

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Mulla & Mulla & Craigie Blunt & Caroe

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Fort, Mumbai 400 001

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Tel: +91 22 2204 4960, 2262 3191

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Email: info@mullaandmulla.com

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