Ports & Logistics
The key issues in the industry pertains to the development and administration of major Indian ports in connection to public-private-partnership (PPP) and potential for small business as well as enterprises looking to grow into the maritime industry as well as methodological approaches for future improvements. The necessity for India's marine industry to become substantially automated and commercialized is becoming more pressing by the day. The grips of central and state governments, as well as its subsequent effects on major ports and their development, will be discussed, with the goal of transforming port operations, ensuring the industry's sustainable development, and adopting a more revolutionary theories and models that will allow the maritime industry to finally reach its greatest potential and maintain pace with market trends by 2030. India, while being the world's IT powerhouse in terms of technological developments and the usage of cutting-edge technology in other sectors, appears to be trailing behind when it comes to port and waterfront operations and administration. There is an extraordinary shortage of development ideas for "Smart ports" in India as well as feasible application of Model Concession Agreements in Major Ports 2021.
Outcomes of the Session - An overview
Majority of the countries around the globe who are prominent in maritime industry have little to no stringent control over the administrative functions of ports and vessel transport in the industry. Indian government needs to loosen the grip on maritime industry to bring investments from the private sectors and international organizations so that Indian Maritime Industry can compete at the global level.
Improvements in current MCA
The MCA 2021 structure relies on the 'what' opposed to the overall 'how' of the Concessionaire's service delivery, which could very well provide Concessionaire the necessary flexibility in creating and implementing cost-effective systems and procedures without jeopardizing customer service quality.
Privatising Major Ports
Similar to Kamarajar port, ports turning into commercial organizations would provide them with convenient access to capital resources and would be able to make management choices quickly and efficiently. It will also make the ports more committed and flexible in undertaking development initiatives.
The demand for technological revolution across the corporate world has grown in variety of industries. Due to the promise growth, overall performance, cost savings, and security needs, the integration of the digital revolution is critical in maintaining competitiveness in the logistics business. To establish smart ports, federal agencies should gradually deploy IT solutions to promote improved administration and planning across and within port facilities.
The below development prospects are as a result of the IMRC 2022 symposium sessions and protected by the IMRC team. If you are a researcher who wishes to pursue any project as part of your graduate thesis, undergraduate thesis, PhD, or profession, you can apply with IMRC to do the same.
To apply, email us your name, email ID, institute name, background, purpose, contact number along with a one-page synopsis on your project of choice. IMRC will vet all applications. Selected candidates will commence the project with full support of IMRC, registered ISSN publications and IMRC's industry partners.
Foreordained Tariff System
A foreordained tariff system would also increase the dependability of Concessionaires' revenue streams, in addition to incentivizing productivity and cost minimization. We will soon be releasing project details and partnership opportunities. Email us to register your interest at email@example.com.
Blockchain has been shown in studies to be capable of being incorporated into operations such as commercial and documentation workflow. Moreover, researchers may further examine the use of blockchain in the ports and shipping industry to drive technological change. We will soon be releasing project details and partnership opportunities. Email us to register your interest at firstname.lastname@example.org.
Watch or read on the full session
Meet the Contributors
Capt Kapil Dev Bahl
Former Managing Director of Murray Fenton India, Maritime Arbitrator (LLB). Fellow off CMMI, President of the Nautical Institute West.)