Page 3 - Logistics

Apeejay Surrendra raises Rs 300 cr for logistics, industrial parks biz

The Apeejay Surrendra Group on Thursday said it has raised Rs 300 crore through issuance of debentures for expansion of its logistics and industrial parks business. In a statement, the company said the Rs 300 crore fund has been raised through the Non-Convertible Debentures (NCD) route. The fund will fuel the ongoing expansion drive of Apeejay Surrendra Group's realty division Apeejay Real Estate. BPEA Credit, a leading private alternative investment firm in Asia, has invested in the NCD issued by the Apeejay Surrendra Group. Karan Paul, chairman of Apeejay Surrendra Group, said, "The government projection to reduce costs in the logistics sector by 10% in the next 5 years, unified policy, and a regulatory environment for end-to-end logistics services make the logistics and warehouse more and more promising. Backed by the government policy and with funds coming in, we are now on a rapid expansion drive." Apeejay Real Estate has a diverse portfolio including logistics and industrial

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

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

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

Ease of moving

Lower logistics costs will boost output

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

Multi-modal transport to pivot National Logistics Policy, boost export edge

In line with earlier plans such as National Rail Plan and Maritime India Vision, NLP aims to bring sweeping changes in the current costly, polluting and congesting modal mix of Indian logistics

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 .

Need to reduce logistics cost in India to boost growth: Nitin Gadkari

Union Minister Nitin Gadkari has said there is need to reduce logistics costs in the country, which is higher than that of China, the US and European countries. The idea is to make waterways as a popular mode of transport for passengers and goods as this will help in bringing down the import cost of petrol and diesel, which is around Rs 16 lakh crore for the country annually, he said. "Our first priority is waterways, second railways, third road and lastly aviation. Bringing down logistics costs will help in generating employment in the country," he said at a programme organised by Young Indians and the Institute of Chartered Accountants of India on Friday evening here. Logistics cost in India as a percentage of GDP is 16 per cent, which is very high, he said, adding that it is ten per cent in China, and nearly eight per cent in the US and Europe. Gadkari, the minister of road transport and highways, said the Prime Minister Gati Shakti programme will help in coordination among vari

Govt focusing on self-reliance in creating logistics system: Rajnath Singh

Defence Minister Rajnath Singh on Monday said the government is committed to creating a robust, secure and self-reliant logistics system to effectively deal with future security challenges. Addressing a seminar on Army logistics here, the Union minister said the government is also focussing on establishing common logistics nodes in the country in tune with the needs of the three services. Through these nodes, the resources of one service will be seamlessly made available to the rest, he said. "Government is committed to create a robust, secure, speedy and 'Aatmanirbhar' logistics system to effectively deal with future security challenges and take the country to greater heights," he said. Singh delivered the keynote address at the first Indian Army Logistics seminar on the theme 'Samanjasya Se Shakti' at the Manekshaw Centre here. He also shared his insights on Information & Communication Technology (ICT) architecture, terming it as a major part of efficient logistics. All the ...

Govt working on one logistic law for all modes of transportation: Gadkari

The government is working on bringing a single logistic law for all modes of freight transportation to eradicate duplication of processes and simplify procedural requirements, Union minister Nitin Gadkari said on Friday. The Road Transport and Highways Minister further said the public-private partnership model should be encouraged for the development of air cargo infrastructure in the country. "The government is working on bringing a single logistic law for all modes of freight transportation to eradicate duplication of processes and simplify procedural requirements. "This system will facilitate multi-modal transportation in the true sense," Gadkari said while addressing the 12th DACAAI AGM. While noting that at the moment India's logistic cost is around 14 per cent of gross domestic product (GDP), Gadkari said the government's aim is to reduce the logistic cost to 8 per cent. He pointed out that in the domestic aviation market, air cargo share is very low and the challenges are .

Warehousing, logistics space leasing down 9% across 7 cities in Jan-June

High inflation and global headwinds slowed down demand for warehousing and logistics spaces during January-June as leasing dipped 9 per cent annually across top seven cities, a report said. The US-based property consultant Vestian said in a report that the total absorption across the seven key cities -- Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune and Kolkata -- was recorded at 13.16 million square feet. "This depicted a decline of 9 per cent over the quantum of warehousing space leased in H1 2021," it pointed out. The consultant attributed the slowdown in the market to "increasing inflation and global headwinds from geopolitical conditions impacting the supply chain ecosystem and business environment." Delhi-NCR, Pune and Mumbai accounted for 56 per cent share of the total absorption during the year. The Delhi-NCR market saw leasing of 2.8 million square feet, followed by Pune 2.45 million square feet, Mumbai 2.17 million square feet, Bengaluru 1.8 million square feet,

Logistics unicorn Ecom Express sets up warehouse to serve Bengaluru

Fulfilment centre will create close to 1000 direct and indirect jobs, says company

Amazon sets up grant for Indian entrepreneurs to build logistics business

Programme will help women, persons with disability, and people from the LGBTQIA+ community

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

Over 1,100 hectare land acquired for logistic, transport hub: UP minister

As much as 1,143 hectares of land has been acquired in Noida and Greater Noida near Delhi to set up multi-modal logistic and transport hubs, Uttar Pradesh cabinet minister Nand Gopal Gupta 'Nandi'

Govt, private sector should work together to cut down logistics cost: Goyal

Union Minister Piyush Goyal on Thursday urged the Commerce industry to work with the government to bring down the logistics cost from 12-14% to 7-8 % as prevailing in the developed countries

Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru

Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023

K L Thapar, Chairman Emeritus of non-profit AITD, dies at age 89

Thapar, before setting up AITD, was Principal Adviser in the Planning Commission.