Vizag port can become gateway for Telangana

Vizag port can become gateway for Telangana
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CEO & Wholetime Director of Vizag Seaport Rangam Kishore, Senior Vice President of Wiz Freight Satish Lakkaraju, Regional Manager of Central Warehousing Corporation of India Ajay Zadoo and Managing Director and CEO of Dredging Corporation of India Prof Dr George Yesu Vedha during a panel discussion on "Vizag - the North Star for shipping and logistics"

Highlights

Higher connectivity options key to logistics growth in Vizag

Visakhapatnam: Visakhapatnam port will be able to attract more traffic and act as a gateway for Telangana if more logistical initiatives like sound road network between Hyderabad-Visakhapatnam apart from creation of a dry port can be taken up in coming years. The panel members participating in the 'BizzBuzz Business Conclave' in the port city of Visakhapatnam opined that more container traffic is being sent to Jawaharlal Nehru Port Trust (JNPT) in Mumbai than to Vizag due to higher logistics cost being incurred on sending containers via road.

"Container traffic is an outcome of demand and supply. A port can attract more container traffic if there is more demand. To raise traffic in Vizag port, a good road network between Vizag-Hyderabad and a dry port in Telangana can go a long way. In this way, Vizag can be the gateway for Telangana," said Professor Dr George Yesu Vedha, MD & CEO of Dredging Corporation of India.

He also said that if a port handles both export and import traffic, there will be higher chances of gaining container traffic. Other speakers opine that Andhra Pradesh has a lot of potential in the ship building sector. "Shipping the most strategic sector of any nation. Despite that Indian shipping sector only holds two per cent of the ship building market globally. As compared to this, country like South Korea holds more than 40 per cent of the global ship building market," said Rear Admiral LV Sarat Babu.

He said that Indian Navy itself is planning to build 170 new ships by 2030. In terms of demand arising out of exports, delegates said that the Russia-Ukriane war has created a unique opportunity for Indian exporters. "India will see a huge rise in exports of rice due to the war like situation. This is going to push demand for containers on the port. So, the country should streamline its logistics to cash in these emerging opportunities," said Ajay Zadoo, Regional Manager of Central Warehousing Corporation. Meanwhile, Satish Lakkaraju, Senior Vice President, Wiz Freight said that Andhra Pradesh should increase air connectivity with more international destination options for attracting foreign investors to the state.

"Investors are willing to come and invest in Andhra Pradesh given its long coast line, good road network, and rich natural resource base. To cash in those opportunities, the state should invest more on creating a seamless network of all types of connectivity," said Lakkaraju.

India and states like Andhra Pradesh should concentrate on building ship building clusters which will support the whole ecosystem. If the government supports creation of these clusters with financial incentives, ship building industry can generate a lot of jobs apart from supporting the local industry. The government should also give priority to domestic vessels, which will promote domestic ship building industry

Rear Admiral LV Sarat Babu

We need to invest more in R&D and collaborate with academic institutions to grab new opportunities in the pharmaceutical industry. We (AMTZ) have already shown the way on how to pioneer in manufacturing of medical devices to make India zero dependent on exports in three years

- Dr Jitendra Sharma, MD & Founder-CEO, AP Medtech Zone

If policy initiatives are taken to improve the ecosystem India has bright prospects to increase pharma business from the present $50 billion to $130 billion by 2030

- PP Lal Krishna, CEO of JNPC

Product innovation and intervention on time holds the key to success of a company. We have a bright scope to grab the growing global market in generic and lifestyle diseases

- A Leela Rani, Director, Lee Pharma

Andhra Pradesh has emerged as the sunrise State for pharma and the pandemic has thrown up new challenges and opportunities for the players in the field to address them

- K Hemalatha, co-founder, Grabbit Live

For some reasons, except Dahej, all other PCPIRs have not picked up. Andhra Pradesh has many advantages to make Vizag PCPIR a successful model for promoting petrochemical investments in the country. The state has a long coastline, sound road and rail network apart from good port infrastructure. I hope that with the changes in the PCPIR norms, this will now be a reality

- K Satyanarayana, Technical Head-Oil Rigs, MEIL

Petroleum by-products like plastic have started to be used in road construction and other useful products through recycling of plastic. So, much of the hazardous waste comes from petroleum refineries and its by-products can now be used in various other segments

- Professor VSRK Prasad,mDirector at Indian Institute ofnPetroleum and Energy

The public sector refiner has entered into the chemical products segment after the operationalisation of its Rs 6,000-crore PDP (propylene derivatives petrochemical) complex in Kochi.We have entered into the chemical product category to make the country reduce its dependence on import of these products. This will help in reducing the wastage and making the sector carbon neutral

- Tarun Kumar, General Manager, BPCL

The country is depending on China for inputs for the paint industry. Production of more chemical products like Titanium Dioxide inside the country will help the paint industry in reducing dependence on imports

- Kavita Rajesh,

President of Hyderabad Management Association and Founder of Om Sai Andhra Paints

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