The MoU was signed by Prof. D. P. Goyal, Director of IIM Shillong, and Ajeet Singh, Director of Operations at LPAI.
IIM Shillong signs MoU with Land Ports Authority of India to establish Centre of Excellence and LPAI Chair
DHL eCommerce plans to boost its operations in India by 2030 with a ₹250-million investment. This includes expanding its aircraft fleet, opening two major hubs, constructing new facilities, and making local acquisitions. The investment aims to position India among DHL’s top 10 revenue markets globally.
The government has designated Galathea Bay in the Andaman & Nicobar Islands as a ‘Major Port’. This Rs 44,000 crore project will be developed under a public-private partnership model and aims to capture transshipped cargo currently handled outside India. The first phase is expected to be operational by 2028.
The upcoming Vadhvan Port in Maharashtra’s Palghar is set to create 12 lakh jobs and has garnered global interest. Union Minister Sarbananda Sonowal announced this at the curtain raiser for ‘Sagarmanthan: The Great Oceans Dialogue’, scheduled for November 2024 in Mumbai. The port, with a USD 10 billion investment, aims to boost India’s maritime sector.
Russia aims to establish intermediate stops in Vietnam, Thailand, and Indonesia for the Eastern Maritime Corridor, linking Vladivostok with Chennai. This initiative seeks to enhance India’s business ties with the resource-rich Far East. At the Eastern Economic Forum, Russia and India will also discuss joint shipbuilding projects. The corridor’s implementation includes a trans-shipment hub in […]
Ship leasing from GIFT City is drawing global attention as India aims to improve its modest 1.4% share of global shipping tonnage. Key companies like Great Eastern Shipping and Reliance have registered, with over 10 ships leased. Challenges include licensing duplicity and the need for reforms in ship registration laws. The IFSCA is actively engaging […]
Adani Ports & Special Economic Zone Ltd has agreed to acquire an 80% stake in Dubai-based Astro Shipping Company for $185 million. This acquisition aims to expand APSEZ’s fleet to 168 ships and boost its presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.
Adani Ports and Special Economic Zone has announced an all-cash deal to acquire a 80% stake in Astro for $185 million. This acquisition, valued at an EV of $235 million, expands APSEZ’s fleet and customer base in strategic regions, enhancing its position in the marine operations market.
Prime Minister Narendra Modi laid the foundation stone for the Vadhavan Port project in Maharashtra, set to become one of India’s largest deep-water ports. The port, costing Rs 76,220 crore, aims to boost India’s maritime infrastructure, featuring container terminals, multipurpose berths, and excellent connectivity, enhancing trade and industrial development.
The proposed Vadhvan Port in Palghar, Maharashtra, promises to generate 12 lakh jobs and significant infrastructure, benefiting local communities. Union Minister Sarbananda Sonowal highlighted India’s progress in the maritime sector under Prime Minister Narendra Modi. The Rs 76,200 crore project is slated for first phase completion by 2029, enhancing the region’s global identity.