3
Quarter Deck
October - December 2016
Newsletter Issue XV
From the
ear Friends and Colleagues,
nine months have gone by of
our centennial year and this
message is the concluding
message for our milestone year. So
let me try and make it special. Next
year we shall be stepping into our
next century. As a company, we have
a foundation that in many ways is
unparalleled. We can call ourselves
a truly multi-modal logistics and
services company. We have also
invested in creating, owning and
operating infrastructural facilities on
a pan-India basis. We have established
a relationship of trust and confidence
with our principals and clients. And
we have our team, J M BAXI GROUP,
each and every one of you, all our
colleagues, who are the pride of our
industry. This is the platform we have
to start with.
The first 16 years of this century saw
momentous and tumultuous changes.
Global trade is larger and much more
sophisticated. It is no longer just the
movement of raw materials from
one place and finished products from
another.
With the enhancement of global
trade, we have witnessed the
changing sizes and sophistication
of ships. Following this, ports and
terminals have also grown and
expanded to accommodate and
handle such ships. We have seen
this happen across all types of
ships, from container ships, gas
carriers, bulk carriers to tankers.
Hinterland connectivity has,
therefore, demanded imperative
solutions to ensure the shipment
of the cargoes. In many places,
industrial and production clusters
have developed around ports, leading
to new cities and urbanisation. The
last two decades also saw a great
technological revolution with instant
communications, instant computation
and real-time live information flows
through devices with GPS, RFID etc.
On the shipping side, we are
witnessing probably the worst times
ever. In a way, a perfect storm has
hit the shipping industry. There
are declining global trade volumes,
overcapacity, and a steep decline and
collapse in the asset values of ships.
We are seeing the collapse of large
shipping and trading companies, as
well as mergers and consolidations.
Amidst this backdrop, let us
endeavour to see our future
path. In these complex as well as
sophisticated times, clearly one
will need to be highly intelligent
and competitive. Rent-seeking as
a business possibility is out. One
will need to earn one’s living every
single day. Thus, one will need to be
innovative and add value. To be thus,
one will need to learn and relearn
constantly. To learn and relearn,
one clearly needs humility and
courage. Trust will increasingly play
a differentiating role, and that can
be achieved only with a conduct of
integrity, honesty, perseverance and
dedication.
We have at the moment our own
infrastructure facilities under ICT,
the Indian Cargo Terminals Company,
with DICT, PICT, HICT, MICT, KICT,
VCT CFS and RICT being operational
and growing. NICT and LICT will
soon follow. Each of these terminals
are poised to become composite
terminals, i.e. they will handle all
types of cargo, including containers,
bulk, liquid, reefer and cold storage.
All our terminals will have multi-modal
linkages and the sea terminals will
have all three multi-modal linkages –
sea, road and rail.
Our logistics vertical BOXCO today
enjoys a position of leadership across
almost all types of cargoes, such as
fertilisers, agri-products, coal and,
of course, containerised cargo. With
increasing demands from customers
as well as increasing sophistication,
we can rightfully expect robust
growth in this sector.
Our shipping services vertical with
J. M. Baxi & Co. and United Liner
Shipping Services LLP is endeavouring
to enhance the service offering to
remain in a leadership position in
the coming years. Our company
Diabos truly is a technology as well
as a fintech or financial technology
company. Arya Offshore Services
is providing ever increasing
sophisticated logistics solutions
in the oil and gas sector. Arya
Communications is fast evolving
as a solution provider of wireless
communication services across
India for various public services,
such as the police, fisheries and
local communities. One of our
new and positive activities is Arya
Water, whereby we are engineering
clean water solutions for villages
and localities. We are working
towards making Arya Water into a
substantial company with excellence
in engineering and service provision.
Water is and will increasingly be the
crucial and imperative need of our
nation.
Whilst we have a physical presence in
every single port and the important
cities of India with 106 branch
offices, we have also expanded our
presence into overseas locations
such as Yangon in Myanmar, Dhaka in
Bangladesh, Singapore and Dubai.
In conclusion, therefore, let me just
reiterate the key words that will be
our group’s mantra at this fabulous
and unique stage of our growth: 1)
We will work with integrity, honesty
and humility. 2) We will add value,
be intelligent, be innovative and
embrace new technologies. 3) We
will be determined, dedicated and
persevering in our endeavours.
4) We will pursue excellence and
knowledge.
Wishing everyone and your families
a Happy Diwali, a Merry Christmas, a
great 2017 and a great century ahead
Krishna B. Kotak
Chairman -
J M BAXI GROUP