India Integrated Transport Logistics Summit 2017
India Integrated Transport Logistics Summit (IITLS) 2017 was organised by the Ministry of Road Transport and Highways and National Highways Authority of India (NHAI) in collaboration with Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) from 3 to 5 May, 2017 at Vigyan Bhawan, New Delhi. The Summit was attended by around 3,000 delegates from India and abroad.
The Summit, for the first time, saw a conglomeration of different ministeries viz. Ministries of Road Transport & Highways, Shipping, Civil Aviation, Railways, Consumer Affairs, Food and Public Distribution, Skill Development, Commerce, Urban Development, Finance and various state governments and industries & infrastructure experts.
The Logistics Summit witnessed huge investments coming in and was backed by signing of 34 MoUs worth Rs two lakh crore. Some of these MoUs were between government agencies while others were between government to business and business to business. These MoUs pertained to the areas of port connectivity, integrated check posts (ICP), access to land port, development of logistics parks, and development of multimodal logistics parks.
In terms of value, the biggest MoU signed during the Summit was signed between Ministry of Shipping, Ministry of Road Transport & Highway, and National Highways Authority of India (NHAI) worth Rs 1,07,000 crore. A total of 79 port connectivity projects will be implemented under Sagarmala.
The development of Logistics Park at Hyderabad was another big MoU signed worth Rs 4,000 crore. The MoU was signed between the National Highways Authority of India, Telangana State Industrial Infrastructure Corporation (TSIIC), and Container Corporation of India (CCIL).
DP World and National Investment Infrastructure Fund (NIIF) also signed an MoU to develop projects spanning the port and logistics sectors, including opportunities under the Sagarmala initiative, the dedicated freight corridors, and Logistics infrastructure aimed at reducing agriculture produce losses. DP World, over the next few years, plans to invest over USD one billion. The investment will be aimed at developing port infrastructure of the Sagarmala project, Delhi-Mumbai metro corridor, river transportation and cold storage, port-led SEZs, ICDs and cruise terminals.
Alongside the big investments, the government plans to set up 35 multimodal logistics parks for which sites have been identified to set up these parks to provide services like aggregation and distribution, multimodal transportaion, storage and warehousing, along with some value added services. Of the 35 logistics parks that will come up, the government vows to build 15 of these in the course of the next five years.
Other major MoUs signed during summit:
|
Sr. No.
|
MoUs signed |
Investment (Rs cr) |
|
1. |
Mumbai JNPT Port Road Co with Jawaharlal Nehru Port Trust for Rupee term loan facility
|
3,000 |
|
2. |
National Highways Authority of India with Chennai Port Trust for implementation of elevated road project
|
2,500 |
|
3. |
Mumbai JNPT Port Road Co, National Highways Authority of India and JNPT ink share purchase agreement for enabling forex funding for project through JNPT
|
2,500 |
|
4. |
National Highways Authority of India with Karnataka Industrial Areas Devp Board for development of Logistic park at Bengaluru
|
2,300 |
|
5. |
Container Corpn. of India with Paradip Port Trust for development of Logistic park at Paradip
|
2,200 |