India’s logistics sector big opportunity for investors
Delta Infralogistics Worldwide Limited, a Mangaluru-based Port services company, a unit of Group Delta, has been awarded the concessionaire to Operate and Maintain Berths No. 10 & 11 at Mormugao Port under the Hon’ble Prime Minister Shri Narendra Modi’s National Monetisation Plan.
The company's successful bid comes with plans to invest over Rs. 130 crore in the project. Delta Infralogistics Worldwide Limited's commitment to investing in cutting-edge equipment and state-of-the-art technology underscores their dedication to enhancing port operations and ensuring the seamless handling of cargo.
Mr. Ahmed Mohiuddin, CMD, DIWL, said “Delta is in the process of purchasing two brand new mobile harbour cranes, with advanced technology and capabilities, which will significantly boost the operational efficiency of Berths No. 10 & 11 at Mormugao. In our commitment to progress and innovation, we recognize the paramount importance of adopting new technology while conscientiously considering the impact on the environment. We strive to embrace cutting-edge solutions that not only enhance efficiency and productivity but also adhere to sustainable practices, minimizing our ecological footprint”
The National Monetisation Plan has provided the impetus for the strategic expansion and investments in various sectors reiterating the government's commitment to fostering a conducive environment for infrastructure development.
Based on the mandate for 'Asset Monetisation' under Union Budget 2021-22, NMP estimates aggregate monetisation potential of Rs 6.0 lakh crores through core assets of the Central Government, over a four-year period, from FY 2022 to FY 2025. Asset monetisation, based on the philosophy of Creation through Monetisation, is aimed at tapping private sector investment for new infrastructure creation. This is necessary for creating employment opportunities, thereby enabling high economic growth and seamlessly integrating the rural and semi-urban areas for overall public welfare.
In addition to the domestic venture, Delta Infralogistics Worldwide Limited is expanding its footprint internationally. Earlier this year, the company commenced operations at the Duqm Port, Sultanate of Oman, offering specialized port services in handling of Petcoke and Sulphur. Delta has successfully handled its first vessel last month marking a major milestone in the history of the 3 decade-old company. This move not only reinforces India's presence in the global logistics landscape but also positions Delta Infralogistics Worldwide Limited as a key player in the international maritime sector. Furthermore, the company has announced the establishment of a Container Freight Station (CFS) at its home base in Mangalore. The CFS is expected to further streamline cargo handling operations and contribute to the overall logistics ecosystem in the region.