Page 2 - Logistics Sector

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

Fears of weaker rupee, higher inflation worsen

The Finance Ministry increased the validity of electronic duty credit scrips under various schemes to 24 months, giving more flexibility to exporters

Cabinet approves National Logistics Policy for 'tech-enabled' ecosystem

The policy has three targets-to reduce the cost of logistics in India to be comparable to global benchmarks by 2030

NLP will spur growth, increase India's participation in global trade: PM

Prime Minister Narendra Modi said on Wednesday the Union cabinet's decision on India's logistics policy will accelerate growth and increase the country's participation in global trade. The efforts in the logistics sector will particularly benefit the farmers of the country and the micro, small and medium enterprises (MSME) sector, Modi said in a tweet. "Today's Cabinet decision on a PLI scheme relating to the National programme on High Efficiency Solar PV Modules will enhance manufacturing in the sector and boost investment," the prime minister said in another tweet. The cabinet earlier approved the National Logistics Policy, which aims at reducing the transportation cost and improve the global performance of the sector. Modi last week unveiled the policy, which seeks to cut transportation costs by promoting a seamless movement of goods across the country. The cabinet also approved modifications in the scheme for semiconductors and the display manufacturing ecosystem with a unifor

Union Cabinet has approved National Logistics Policy: Anurag Thakur

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country

Harnessing Gati Shakti, National Logistics Policy for closer regional ties

With a little imagination and application, the initiatives have the potential to become the key pillars of our Neighbourhood First Policy

Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

Decoded: What is National Logistics Policy and how will it get implemented?

The policy will be implemented through a Comprehensive Logistics Action Plan (CLAP), which will include key action areas

PM launches National Logistics Policy; aim to bring cost to single-digit

Gatishakti, National Logistics Policy to take India towards a new work culture, says Modi

PM Modi unveils National Logistics Policy, aims to cut transport cost

Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 per cent to a single digit. At a grand launch event, he said the policy aims to expedite the last-mile delivery, helping businesses save time and money. While the new policy addresses challenges of the logistics sector, it together with the infrastructure augmentation plan PM GatiShakti will address gaps, he said. For Indian products to capture world markets, the country has to strengthen its support system. "National Logistics Policy helps in making the support system modern." Modi said global experts are saying India is emerging as a democratic superpower and they are impressed by the extraordinary talent ecosystem of the country. "Experts are appreciating India's determination and progress." The government, he said, is using technology to strengthen the logistics sector. Faceless .

Logistics firm Delhivery to create 75,000 seasonal jobs in next six weeks

Self-employed persons, students, retired professionals, other job seekers may sign up as last-mile agents; they only need a two-wheeler, valid driving license and smartphone

Analysts bearish on Delhivery as volumes, integration costs weigh on Q1

Analysts, which expect improvement in the second half, are currently bearish on the stock

Blue Dart revs up for growth with more planes, greater geographical reach

The company plans to add Boeing 737 aircraft to its fleet in order to access to multiple smaller Indian airports

Blue Dart Express profit rises over three-fold to Rs 119 cr in April-June

Logistics service provider Blue Dart Express on Wednesday reported more than three-fold jump in consolidated profit after tax at Rs 118.79 crore in April-June 2022 quarter over the same period

Ecom Express to onboard over 50,000 delivery partners by September

Logistics services provider Ecom Express on Monday announced that it will onboard over 50,000 delivery partners by September-end under its flagship programme 'Ecom Sanjeev'. The company said it is expecting a spike in e-commerce order deliveries during the festival season and seeks to further strengthen its last-mile capabilities. Under the 'Ecom Sanjeev' programme launched last year, the company has created opportunities for delivery partners such as students, homemakers, freelancers and part-timers, among others, Ecom Express said. "When it comes to e-commerce order deliveries, customers expect timely service. In times when the number of parcels is continuously increasing, owing to industry growth, we have clearly seen the advantage of having gig workers to help strengthen our delivery capabilities, especially to meet the anticipated surge in customer demand during the festive season," said Ashish Sikka, Chief Strategy Officer, Ecom Express. The company, he said, will continue to

Panattoni enters India; to invest $200 mn on building 4 logistics parks

US-based Panattoni has forayed into India and will invest USD 200 million to develop four industrial and logistics parks as it seeks to tap the growing demand for warehousing spaces across major cities. Panattoni, a global leader in industrial & logistics real estate development, has debuted in the Asian market with its entry in India. Indian venture, Panattoni India Development Pvt Ltd, is headquartered in Bengaluru. In an interview with PTI, Sandeep Chanda, Managing Director India, Panattoni, sounded bullish on the long-term growth of the industrial and logistics segment of Indian real estate as demand for quality spaces rises from third-party logistic, e-commerce and manufacturing sectors. The company is holding discussions with land owners to purchase around 250 acres of land in Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru and Pune to develop four projects in the first phase of the India venture. 'We will be investing USD 200 million (around Rs 1,597 crore) for the ...

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise

Road-based logistics sector may see 7-9% revenue rise this fiscal: Report

The road-based logistics sector is expected to grow 7-9 per cent this fiscal on favourable demand but margins may be under pressure due to higher fuel cost, says a report. However, operators' debt coverage metrics are expected to marginally weaken in FY23 from FY22 levels. This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday. It has a stable outlook for the sector. The agency expects the aggregate operating profit margin to remain in the range of 12-14 per cent in FY23 compared to 14.2 per cent in FY22. Accelerated pace of business activities and lower lockdown-linked restrictions from H2 of FY22 have aided faster revenue recovery in FY22 and the growth momentum is likely to continue with an estimated 7-9 percent uptick in top line in FY23 year-on-year, the report said. The ability of the organised players to command pricing premi

InterGlobe, UPS in 50:50 joint venture to dive into India logistics market

Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal