India’s cold chain Industry, will grow to ₹5 lakh crore by 2030 from ₹2 lakh...
India’s cold chain sector is on the cusp of growth and innovation, according to Dr Surendra Ahirwar, Joint Secretary, Ministry of Commerce and Industry, Department for Promotion of Industry and...
View ArticlePM Gati Shakti, National logistics policy driving cold chain market growth
Government initiatives such as PM Gati Shakti-National Master Plan (PMGS-NMP) and national logistics policy are likely to accelerate the growth of the cold chain market in India, helping the market to...
View ArticleIndia keen to operate Bangladesh’s major port
India already has secured transshipment facilities at Bangladesh’s two seaports in Chittagong and Mongla for carrying cargoes to its landlocked seven-sister states in the North East to avoid travelling...
View ArticleDriver issues, truck utilization, electrification in Indian trucking
The trucking sector in India plays a role in the country’s economy by facilitating the transportation of goods over large distances. It guarantees that goods are delivered to customers and businesses...
View ArticleIndia’s economy seen growing at slower pace in March quarter
India’s economy is expected to have grown at a slower pace in the January-March quarter than the previous three months, dampened by a moderation in manufacturing and urban spending, but economists see...
View ArticleAdani Group profit jumps 55 pc in FY24; eyes USD 90 bn investment over next...
Adani group saw a 55 per cent profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a USD 90 billion capex over the next...
View ArticleKey infra sectors growth rises to 6.2% in April
Eight key infrastructure sectors’ growth rose to 6.2 per cent in April on healthy expansion in the production of natural gas, refinery products and electricity, according to official data released on...
View ArticleIndia’s GDP grows 8.2% in FY24 against 7% in FY23
India’s economy grew 7.8 per cent in the March quarter, pushing up the annual growth rate to 8.2 per cent, according to official data released on Friday. Growth in the January-March period was lower...
View ArticleOEL Aviation Services FZE and DC Aviation Al-Futtaim Co LLC collaborate to...
In a move that signifies a major step towardsexpanding operationsof Transworld Group’s Airavat Aviation in the Gulf Region, OEL Aviation Services FZE and DC Aviation Al-Futtaim Co LLC have entered into...
View ArticleJSW Infrastructure files bid to buy Distribution Logistics Infrastructure
Mumbai-listed JSW Infrastructure Ltd has filed a bid to buy Distribution Logistics Infrastructure Pvt Ltd and its group companies (DLI India) from Infrastructure India Plc (IIP), a fund quoted on...
View ArticleJNPA signs Rs 40000 cr MoUs with PSA India, CMA CGM for Vadhavan port
State-run Jawaharlal Nehru Port Authority (JNPA) has signed two memorandums of understanding with PSA (India) and CMA CGM for the development of the Rs 76,000 crore greenfield port at Vadhavan in...
View ArticleAdani Ports makes Tanzania entry, to operate CT2 at Dar es Salaam Port
Adani International Ports Holdings (AIPH), a wholly-owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority...
View ArticleCBIC issues instructions for initiating early GST recovery
The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated three months of serving of demand order. Under the GST law,...
View ArticleIndia’s forex reserves drop by $2 billion, retreat from record highs
India’s foreign exchange reserves declined a little over $2 billion in the week that ended on May 24, to come off from its all-time high it experienced a week prior. The reserves are now at $646.673...
View ArticleIndia receives highest FDI from Singapore in 2023-24; Mauritius second...
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5% due to global economic uncertainties,...
View ArticleFreight train rams another near Sirhind, hits rail traffic hard
Two persons were injured and hospitalised after a collision between two freight trains near Sirhind in Fatehgarh Sahib district on Sunday morning. The incident took place at DFCC track around 4am, when...
View ArticleCentral Railway’s Nagpur division records freight earnings of Rs 427 cr for May
The Nagpur Division of Central Railway recorded freight earnings of Rs 472.03 crore in May by loading 1,142 rakes, an increase of 1.3 per cent compared to the corresponding period last year. The...
View ArticleShortage of long-haul truck drivers hits logistics industry
The Indian logistics industry is facing a severe shortage of long-haul truck drivers with many leaving the profession, and several youngsters not wanting to steer a truck. The truck to driver ratio has...
View ArticleGovt may raise incentives, provide VFG to make India global ship-building hub
As part of the plan to develop India’s blue economy and make the country a manufacturing hub for various kinds of ships, the government may propose further incentives to manufacturers, including a new...
View ArticleDGFT taps export bodies for inputs on efficacy of interest equalisation scheme
The DGFT has sought information from various export bodies on the trade finance eco system in India and related challenges to assess if the government’s interest equalisation scheme for exporters is...
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