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”

The world revs up for self-driving trucks

Image by: Daimler Cultural and economic incentives of self-driving cargo trucks have sped up their adoption into logistics chains. While some legislative and infrastructural concerns remain unresolved, autonomous technology has attracted stakeholders ranging from infantile startups to leading auto-makers. Latching on to the commercial transportation sector may further catalyse the AV truck market as it … Continue reading “The world revs up for self-driving trucks”

National highways to soon grow to 2,00,000km from 96,000km three years ago

The Indian government has taken aggressive steps to strengthen the country’s warehousing, cold storage, logistics and transport infrastructure by adding 44 Economic Corridors and 24 Multi-Modal Logistics Parks under the flagship Bharatmala program. Apart from this initiative, the government has developed an estimated 91,287km of the national highway network in 2013-14, which grew to 97,991km … Continue reading “National highways to soon grow to 2,00,000km from 96,000km three years ago”

Indospace bets on Indian logistics as e-commerce booms

Indospace was among the early movers to bet on India’s zero-mile city, Nagpur emerging to become one of Asia’s key logistics hubs. The storage facility developer and industrial real estate investor pledged USD 1 billion towards expanding warehousing space in India. After recently selling off a large segment of its logistics assets to Canada Pension … Continue reading “Indospace bets on Indian logistics as e-commerce booms”

JSW Infrastructure to invest INR 7000 crore to increase cargo handling capacity

The multi-modal logistics giant of Sajjan Jindal-owned JSW Group, JSW Infrastructure, focuses on building connectivity through maritime infrastructural development as well as the establishment of airports, roads, railways, inland waterways, water treatment plants and special economic zones. The organisation plans to funnel sizable investments of INR 7000 crores or USD 1.07 billion to upgrade port … Continue reading “JSW Infrastructure to invest INR 7000 crore to increase cargo handling capacity”