DP World, Reliance Industries partner on innovative rail solution

DP World and Reliance Industries have introduced a rail logistics solution for the petrochemical industry, connecting Jamnagar to Mundra via Ahmedabad. This shift from road to rail significantly cuts carbon emissions, reduces operational challenges, and streamlines logistics, enhancing efficiency and supporting Reliance’s sustainability goals.

Nitin Gadkari outlined India’s plan to reduce logistics costs to single digits, enhancing global competitiveness at the Convergence India & Smart Cities Expo. Key highlights include advancements in AI, 5G, and Smart City Solutions. The event features AI Bharat Expo and a Startup Hub, offering mentoring and investor connections, with discussions on India’s energy data […]

Garden Reach Shipbuilders & Engineers shares surged 8.5% after signing a pact with PWD Nagaland to provide eight double-lane modular steel bridges, aligning with the Make in India initiative. The MoU, signed in Kohima, marks GRSE’s first collaboration with a North Eastern state, and follows previous deliveries to organizations and countries such as Bhutan, Nepal, […]

Trackon is expanding its franchise network across South India including Tamil Nadu, Karnataka, Telangana, Andhra Pradesh and Kerala. This move will enhance delivery capabilities and support regional economic growth. Trackon plans to add 1500 new franchises and invest in technology like AI-driven tracking systems to improve efficiency for partners and customers.

Kerala Port Minister V N Vasavan announced that gateway container operations at Vizhinjam International Port will begin within four months. The port, developed by Adani Ports, has already seen 215 ships and handled 4,22,846 TEU. Recent environmental clearances ensure the full completion of the port by 2028, with operations commencing soon after final approval from […]

India’s port industry is projected to grow at 4-7% annually over the next five years, driven by rising imports and decreased freight costs. Key ports like Chennai will play a pivotal role in transshipment, while capacity is expected to increase significantly, surpassing 500 MTPA annually.

Fincantieri, a leading global shipbuilding company, views India as a key partner for co-developing and co-producing next-generation vessels, emphasizing collaboration with Indian shipyards. CEO Pierroberto Folgiero discusses opportunities in naval defence, advancements in submarine technology, and strategic partnerships, aligning with India’s Atmanirbhar Bharat initiative to enhance self-reliance and joint ventures in the Indo-Pacific region.

The government proposes to allow ports to switch to market-linked pricing by revising existing contracts. This move aims to enhance competition among ports, potentially leading to better pricing for users while ensuring the revenue neutrality for the Centre and consistent user experiences across terminals.

ADPorts and Special Economic Zone (ADSEZ) is poised to leverage India’s growth through its strategic business model, diversified port operations, and robust logistics network. Macquarie Equity Research rates ADSEZ as ‘Outperform’, noting its substantial capex plans, projected revenue growth, and strong cargo mix. By 2030, the company aims to significantly increase its domestic cargo handling […]