LOGISTICS INFRASTRUCTURE
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
JSW Infrastructure to re-evaluate strategy for Tajpur port project 'if it comes for re-bidding': Official
JSW Infrastructure Ltd remains interested in the Tajpur deep sea port project in West Bengal, open to reassessing strategies if the project is re-bid, following Adani Ports and SEZ Ltd winning the last tender. Chief Minister Mamata Banerjee's announcement of a new tender has created uncertainty. APSEZ and JSW Infra are key players in the project, expected to attract a significant investment and create numerous jobs, awaiting further developments.
Trade routes in turmoil: Why Indian exports are piling up in Colombo and Singapore
About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
JSW Infrastructure to acquire 70.4% stake in Navkar Corp for Rs 1,012 cr
JSW Infrastructure on Thursday said it will acquire 70.37 per cent shareholding in Navkar Corporation for around Rs 1,012 crore, paving the way for its foray into the logistics industry.
PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
CJ Darcl leases 1.25 lakh square feet space at Narasapura IndoSpace park
This strategic move is aimed at enhancing CJ Darcl's warehouse and distribution management capabilities in South India, allowing the company to provide tailored end-to-end logistics solutions to its clients.
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Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
VRL Logistics outlook: Should you buy this stock? Know why analysts are bullish on this stock
VRL Logistics: Analysts are confident about VRL Logistics due to its aggressive expansion and investment plans, and the promising outlook of the logistics industry. The buoyant prospects of logistics industry will continue to support the company’s growth. The company has multiple differentiators to sustain its growth momentum. An Emkay May 2024 report states that its business model will help reap benefits of operating leverage due to owned assets and branch expansion plans.
Global supply chain shift: Has India finally arrived?
Global supply lines are shifting for more resilience. Geopolitical developments put India at an advantage. Will demographic dividend finally create value for India?
Stock Radar: Why VRL Logistics is a good buy on dips stock in the runup to final Budget: Kiran Jani
VRL Logistics Ltd, a significant player in the logistics sector, faced a 36% wealth destruction in 6 months, dropping from around Rs 800 to approximately Rs 510 in June 2024.
Cabinet okays paddy MSP hike, green VGF and a ₹2,870-cr revamp of Varanasi international airport
The Union cabinet, under Prime Minister Narendra Modi's leadership, approved significant decisions including a 5-11% increase in Minimum Support Price (MSP) for kharif crops, construction of a ₹76,220-crore port in Vadhavan, Maharashtra, and a revamp of Varanasi international airport. Viability Gap Funding (VGF) for offshore wind energy projects was also sanctioned, marking the beginning of the new government's 100-day agenda.
Messe Stuttgart India, Indian Navy collaborate to modernise pan-India logistics infrastructure
Messe Stuttgart India partners with Indian Navy to enhance national logistics infrastructure by connecting with LogiMAT India exhibitors, facilitating solutions to Navy's logistics needs. The Indian Navy plans to engage with leading exhibiting organisations to adopt strategic solutions. After the success of LogiMAT India 2024, preparations are underway for LogiMAT India 2025, aiming for an impactful event with over 200 exhibitors and 15,000+ visitors, driving innovation in India's logistics sector.
ESR acquires additional 27 acres in Chennai’s Oragadam to expand industrial park
ESR Group, focusing on real estate services and investment in the Asia Pacific region, has expanded its industrial and logistics park in Chennai’s Oragadam by acquiring an additional 27 acres of land. This brings the total area of ESR Oragadam Industrial & Logistics Park to 107 acres, with plans to develop 2.5 million sq ft. The Hong Kong-listed company will invest over Rs 276 crores for construction, including land costs.
Caught in a rut: How fruits of the season are falling victim to climate extremes
Shift in climate patterns has dealt a big blow to the production of many seasonal fruits like apples. Stakeholders say it is time to find ways to minimise this loss, as the issue is here to stay.
Third-party firms Delhivery, Xpressbees look to sort out logistics of quick commerce race
Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to support platforms such as Swiggy Instamart, Blinkit, and Zepto as demand surges. Sensing opportunity in the q-commerce space, Delhivery has started to work with Swiggy Instamart’s larger warehouses which supply to small dark stores, or fulfilment centers. Meanwhile, Xpressbees is talking to multiple players for the same.
Penna buy to cut logistics costs for Adani Cements: CFO Vinod Bahety
Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.
Shortage of long-haul truck drivers hits logistics industry
Low pay scales, harassment by highway authorities and cops, adverse weather conditions, risk of accidents, lack of benefits at work, lack of hygienic restrooms and night parking facilities are some of the reasons for high attrition that is also dissuading many from the new generation to join the profession.
PM Gati Shakti, National logistics policy driving cold chain market growth
At the FICCI-Cold Chain and Logistics Summit on Wednesday, Ahirwar said that the gaps in physical infrastructure such as bad roads and inefficient ports are dampening the growth of the logistics sector, and these schemes are addressing those gaps.
ET Road Safety & Safer Mobility Forum 2024: Steering a smarter, safer, and sustainable supply chain by accelerating safety tech in logistics
The ET Road Safety & Safer Mobility Forum 2024 gears up for its third roundtable, focusing on ‘Enhancing Safety Standards in Modern Logistics and Supply Chain.’ This session will put intelligent AI solutions in the spotlight, showcasing how they can revolutionise safe practices within the ever-evolving logistics landscape. By prioritising both road and fleet safety, the forum aims to create a more secure and efficient supply chain ecosystem.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
ETtech In-depth: Quick commerce is diversifying fast. It won’t be easy
As 10-minute delivery expands to include higher-value products, companies will soon realise that with big orders come big hurdles, say executives. Blinkit, Swiggy Instamart and Zepto have started selling products such as air coolers, fans and luggage, in addition to expanding into fashion, and listing high value items on their platforms.
Chabahar Port development to help India expand trade routes; need to ensure necessary infra: GTRI
India has signed a 10-year contract to operate the strategic Iranian port of Chabahar, which will help India enhance its logistical capabilities and expand its trade routes to Central Asia. The port, which is Iran's only ocean port, is strategically located about 170 km west of Pakistan's Gwadar Port and offers an alternative maritime route to the congested Strait of Hormuz. The port is an integral component of the International North-South Transport Corridor (INSTC), a 7,200-km multi-modal transportation route connecting India with Iran, Azerbaijan, Russia, Central Asia, and Europe.
Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.
Why warehousing is a booming asset class for discerning investors in India
The demand for modern warehousing facilities is touching a new high as e-commerce and retail sales are seeing a surge with each passing day in India.
Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
The 67th NPG meeting assessed projects from MoRTH and MoR, including a Multi Modal Logistics Park in Maharashtra and a Broad Gauge line connecting Assam and Arunachal Pradesh. The meeting aimed to promote comprehensive regional socio-economic advancement in alignment with PM GatiShakti principles.
CBIC issues circular to encourage women participation in trade
The CBIC issued two circulars on International Women's Day to promote women participation in trade and gender-specific infrastructure facilities. It encourages representation of women in meetings, dedicated help desks, relevant trainings, and support from field offices in upskilling logistics service providers, freight forwarders, and custom brokers.
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