Logistics parks construction to kick off at 4 major cities

The construction of logistics parks starting with four major cities – Bengaluru, Mumbai, Surat and Nagpur – has received a major push from the government following the Union Cabinet’s approval last month to set up logistics parks at 35 locations under the Bharatmala programme. The multimodal parks are being planned as centres of freight aggregation, … Continue reading “Logistics parks construction to kick off at 4 major cities”

India in dire need of integrated cold chain supply system

CII along with the ministry of food processing industries, the ministry of agriculture and National Centre for Cold Chain Development are looking for cold chain solutions that can integrate supply chains for agricultural commodities from production to consumption centres thereby reducing physical waste and loss of value of perishable products. Currently, due to the unorganised … Continue reading “India in dire need of integrated cold chain supply system”

Cold-chain logistics industry attracts private equity and real estate investors

Image by: Medgadget With the logistics industry in India projected to grow at an average of 20-25%, PE and real estate players look to invest in temperature-controlled logistics; focusing on areas such as warehousing, transportation and value-added services. While most PE firms, capitalising on growing infrastructure, map a 7-10 year long investment horizon; real estate … Continue reading “Cold-chain logistics industry attracts private equity and real estate investors”

Maersk to expand its end-to-end cold-chain service to India

Image by: Maersk With the global cold-chain market expected to touch $426.2 billion in revenue by 2022, Maersk Line plans to scale its cold-chain business to India to tap into the country’s growing reefer cargo market. As Jawaharlal Nehru Port Trust struggles with capacity and truck shortages, Maersk eyes an opportunity to capture under serviced markets … Continue reading “Maersk to expand its end-to-end cold-chain service to India”

BRICS Summit kicks off in Xiamen

The key focus of the 9th BRICS summit in Xiamen on September 3 is trade liberalisation through the creation of free trade zones and trade facilitation agreements along with the establishment of people-to-people exchanges to strengthen ties among its members. According to Mr Rajiv Biswas, Asia-Pacific chief economist at IHS Markit, “The BRICS economies now … Continue reading “BRICS Summit kicks off in Xiamen”