At the 16th AGM of the Association of Multimodal Transport Operators of India (AMTOI), held at the Yacht Club, Colaba, Mumbai on Wednesday, September 2, 2015, the following office-bearers were unanimously elected for the term 2015-16:
- President :
- Mr Vivek Kele, Teamglobal Logistics Pvt. Ltd
- Vice-President :
- Mr R. K. Rubin, Transcon Freight System
- Secretary :
- Mr Xerxes Master, Master Group of Companies
- Treasurer :
- Mr Nailesh Gandhi, Express Transport Pvt. Ltd
The outgoing President Mr Sailesh Bhatia of Bhatia Shipping narrated the various achievements of AMTOI in the preceding year and, being his last term, thanked everyone within and related to AMTOI for their unstinted support during his tenure.
The incoming President Mr Vivek Kele thanked the Managing Committee for reposing their faith in him by electing him to lead the organisation in this critical time when the entire industry is undergoing a metamorphosis. The notable changes being the rise of coastal shipping, growth in e-commerce, establishment of new ports and terminals, expansion of highway networks and fast pacing of DFC and opening of inland water transport. Explaining his agenda for the incoming term, he said he will be pursuing the initiatives of Cargo Community Systems, creation of Confederation of Shipping and Logistics Industry Associations and Skill Development. AMTOI was mandated to pursue these initiatives by its Extended Board at the meeting held on July 4, 2015 in Goa. He said he will closely work with various trade bodies within the industry and jointly pursue these goals which will benefit the entire industry.
Notably, the Guest of Honour was the Director-General of Shipping, Mr Deepak Shetty, IRS. He briefed the members of the trade about the various initiatives the government of India is taking to facilitate ease of doing business, digitalization and e-governance. He gave detailed information on the redrafting of the Merchant Shipping Act, 1958 and how it will simplify the way the shipping industry operates in India. He said that the Act is hosted on the DG Shipping and MoS websites and comments have been invited from the trade within 30 days.
He also briefed about the proposed changes in the MMTG Act and how the new version of the Act should incorporate the changing operations of multimodal transport in India through use of IWT, coastal shipping, requirements in import shipments and many more. He also gave the Directorate’s views on the Dispute Resolution mechanism that is envisaged in the proposed amendment.
As in every year, AMTOI had organised interesting speakers post the AGM. Mr Sujan Hajra, a leading economist of the country, who was earlier with the Reserve Bank of India, and is currently Chief Economist at Anand Rathi Group, made an interesting presentation on how the developments in the last few weeks and months in the global economy, like reduction in oil prices, devaluation of yuan, and potential developments like the US Fed increasing the interest rates, will have a far-reaching impact on the global trade. He shared some interesting statistics on global commerce, peer countries and Indian economy to elucidate his views. In the Indian context, he spoke about government investments in logistics infrastructure in the areas of port terminals, dedicated freight corridors, new highways, and the impact of these developments on the Indian transport sector.
Mr Girish Venkataraman, CEO of IIFL Investment Adviser and Trustee Services, spoke about preserving family wealth. He said that a majority of the businesses in the logistics industry in India, and to a certain extent globally, are still family controlled and there will always be a challenge when the business gets transferred from one generation to the next, and how by taking proactive measures one can preserve the wealth during this transition. He highlighted the challenges being faced by business families in this regard and as to how these could be overcome by taking simple steps and creating proper tax efficient structures.
Established in 1998, AMTOI has over the years become a voice of the industry. It has participated in numerous industry events and represented thetrade in government fora to give valuable inputs on policymaking. AMTOI also has an extended board with prominent trade bodies (see box). The EB meets every 3 months and discusses various common industry issues.
The AGM was well attended by a cross-section of the industry as well as prominent members of the trade, among whom were Capt. M. M. Saggi, Director of NMIS, Mr Dinesh Lal of AMI India, Mr Nityam Khosla of Teamglobal Logistics, Mr George Abror of Omega Shipping, and Mr Prithwijit Maitra of Maersk India Agencies, informed a release.
Source : Exim News Service – Mumbai, Sept. 3, 2015