Interview With : Vineet Agarwal, Managing Director of Transport Corporation of India Ltd (TCI)
Updated on: 13 Jun 2016
According to TCI MD, turnaround can be expected in next few months.
The woes of the logistic sector ranging from inadequate infrastructure, fewer linkages between various modes of freight transport, stalled GST Bill and others have rendered it uncompetitive for long now. Vineet Agarwal, managing director, Transport Corporation of India Ltd (TCI) tells Praveena Sharma he is heartened by the current government's 'talks of bolder and larger vision' and its shift in strategy from planning infrastructure to meet existing demand to creating capacity for future needs.
Logistic sector is a barometer of economic activity, what is the signal you are picking on that front?
We are currently present in 1,400 locations across the country. That gives us a sense of what is happening (in terms of economic activity). In the last quarter of the last financial year, which is the best quarter as large volumes of cargo are pushed during that period, we've seen some improvement in terms of volumes. In fact, even in the first two months (April and May) of the current financial year, we are seeing good volume growth compared to last year. So, we are feeling is that things are starting to turn around. It's not exactly there yet. There are still issues on the ground, especially in the engineering, capital goods, steel, cement and other sectors. In these sectors, the volumes are not there completely but it has started to come. I'm positive that it will only get better from now.
Are we at a bend from where we can see a turnaround? Do you see green shoots?