Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.8
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: No rating
Article rating: 4.2
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating


Greater participation of railways needed to meet auto logistics demand: SIAM

Author: IANS/Wednesday, October 11, 2017/Categories: Auto & Ancillary

Greater participation of railways needed to meet auto logistics demand: SIAM

New Delhi - The Society of Indian Automobile Manufacturers (SIAM) called for greater participation of the Indian railways and waterways authority to meet the transportation demand of the auto sector.

Abhay Firodia, President, SIAM and Chairman, Force Motors said that the Indian railways has been a major catalyst and "a lever in transformation of our country". He spoke at the 4th SIAM Automotive Logistics Conclave which was held here. 

"It has the power to move things, people and freight, which have huge impact on efficiency and cost," asserted Firodia.

Railway Board Chairman Ashwani Lohani, who was the chief guest at the conclave said that his organisation will spare no effort in meeting the auto industry's logistics needs.

"We want private investments in this segment. We have a scheme of entering in long term partnerships. The long term contract agreement will help reduce logistic cost," Lohani explained.

"We understand that the manufacturing of vehicles has gone up and so the requirement of logistics is crucial for the sector. Automobiles are symptom of how our economy is doing."

Currently, the railways' share in transportation of automotive units like cars stands at 4-5%.

According to Inland Waterways Authority of India's Member, (Technical) S.K Gangwar movement of cargo through waterways is more economical than road, especially for long distances." 

Gangawar informed that currently cars can be transported through waterways but not vehicles like trucks.

India has a navigable length of around 14,500 km, of which 5,200 km of river and 4,000 km of canals can be used for water transportation. 

However, the total cargo moved in the country is just about 0.1% of the total inland traffic in India, while it is over 20% in the US.

Print Rate this article:
No rating

Number of views (188)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free