Stronger Rivigo, B2C e-mobility to drive Mahindra Logistics’ rebound

Mahindra Logistics is executing a financial turnaround by optimizing assets, rationalizing 1.5 million sq ft of unused warehouse space, and expanding into new segments. The company is piloting a premium B2C mobility service, strengthening Rivigo express logistics, and saw strong festive season volumes, supported by a recent successful rights issue.

The Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repatriation period for foreign currency accounts. It also increased the forex outlay period for trade transactions. Compliance for small exporters and importers saw simplification. These measures aim to improve business operations.

The government actively explores tax and policy changes for India’s maritime sector. A ₹70,000 crore plan will transform shipbuilding into a global powerhouse. This initiative aims to increase Indian-owned vessels for cargo transport. It seeks to attract international firms and technology transfer. Port capacity will also expand significantly by 2030.

DP World inaugurated a warehousing facility in Kochi for Mondelez India, enhancing the multinational’s supply chain and distribution in Kerala. The facility offers over 4,000 pallet positions for both dry goods and ambient storage. This integrated solution streamlines operations, reduces lead times, and ensures consistent service quality, strengthening DP World’s warehousing network across India.

Union Minister Sarbananda Sonowal announced a National Shipbuilding Mission to save Rs 4.50 lakh crore annually in freight charges and create 25-30 lakh jobs. This initiative, part of a Rs 70,000 crore three-pronged strategy, includes a new India Ship Technology Centre to boost the nation’s maritime sector and self-reliance.

India aims to boost shipbuilding. A 70,000-crore package supports domestic shipyards. This initiative seeks to replicate Maruti Suzuki’s past success. Foreign shipbuilders from Korea and Japan are invited to establish operations. India currently depends on foreign vessels for trade. This plan addresses maritime security and economic resilience. Assured orders from public sector units are needed […]

Samsung Heavy Industries has partnered with India’s largest shipyard, Swan Defense and Heavy Industries, to enter the Indian shipbuilding market. This collaboration supports India’s initiative to become a top shipbuilding nation by 2047, leveraging SHI’s expertise and India’s growing maritime sector, bolstered by significant financial incentives.

The government has approved a ₹70,000 crore package for shipping and maritime sectors. Companies can now avail incentives under all schemes simultaneously. The package includes a National Shipbuilding Mission and a Maritime Development Fund. The aim is to attract global shipbuilding giants to India. Several locations are being evaluated for shipbuilding clusters.

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a Rs 69,725 crore package. This package aims to revitalize India’s shipbuilding and maritime sector. It is a comprehensive strategy built on four pillars. The initiative spans ten years. It includes the Shipbuilding Development Scheme with a significant budgetary allocation.

Mazagon Dock Shipbuilders Limited (MDL) and Guidance Tamil Nadu have signed a Memorandum of Understanding (MoU) to investigate the possibility of building a cutting-edge greenfield shipyard on India’s eastern coast. The agreement was formalized on September 19 during a ceremony organized by the Ministry of Ports, Shipping and Waterways (MoPSW) in Bhavnagar, Gujarat.