Nothing could have cheered Mr.Anil Singh, Head of global port operator, DP World in India, the recent relaxation in the cabotage laws. Having waited long for a favourable response from the Government to his appeal for relaxation in the existing cabotage laws, the positive announcement from the Government infused courage and confidence in him that the Vallarpadam Terminal could now attract more transshipment cargo that used to go to the neighbouring Colombo port. Huge investments, according to him, have been sunk into the project; even the government itself has put in investment. He said therefore referring to the reform in the cabotage laws: “It is a good news and the Government has taken the right decision”. In fact, both the Government of Kerala and the Cochin Port Trust have been very supportive of the Vallarpadam Terminal. The relaxation has been subject to a review after three years; in a way, it appears to be a conditional relaxation that cannot be taken for granted and it demands performance that should justify the relaxation which has been announced in spite of the opposition it had evoked from the coastal traders. Mr. Anil Singh is quite aware of the fact; he said: “We have to demonstrate that we can raise volumes by then. I am confident that we can do it”. It is but natural and right that a beneficiary has to be optimistic about it; but, experts feel that there are great challenges ahead of them. The terminal handling charges at Vallarpadam are said to be higher; it has to match in terms of facility to those of Colombo; above all, it has take continuous efforts to maintain the draft which means heavy expenditure which in turn means generating greater revenue.
Tuesday, 11 September 2012
It is a good news, Mr.Anil Singh, on the revision of the cabotage laws
Nothing could have cheered Mr.Anil Singh, Head of global port operator, DP World in India, the recent relaxation in the cabotage laws. Having waited long for a favourable response from the Government to his appeal for relaxation in the existing cabotage laws, the positive announcement from the Government infused courage and confidence in him that the Vallarpadam Terminal could now attract more transshipment cargo that used to go to the neighbouring Colombo port. Huge investments, according to him, have been sunk into the project; even the government itself has put in investment. He said therefore referring to the reform in the cabotage laws: “It is a good news and the Government has taken the right decision”. In fact, both the Government of Kerala and the Cochin Port Trust have been very supportive of the Vallarpadam Terminal. The relaxation has been subject to a review after three years; in a way, it appears to be a conditional relaxation that cannot be taken for granted and it demands performance that should justify the relaxation which has been announced in spite of the opposition it had evoked from the coastal traders. Mr. Anil Singh is quite aware of the fact; he said: “We have to demonstrate that we can raise volumes by then. I am confident that we can do it”. It is but natural and right that a beneficiary has to be optimistic about it; but, experts feel that there are great challenges ahead of them. The terminal handling charges at Vallarpadam are said to be higher; it has to match in terms of facility to those of Colombo; above all, it has take continuous efforts to maintain the draft which means heavy expenditure which in turn means generating greater revenue.
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