Blackstone Inc. plans to double its Indian warehouse holdings, reaching 100 million sq ft. DP World, Metro Brands, and Zomato are also investing in the sector. Global investors have poured over $10 billion into the warehouse sector, with more capital expected in the coming years.
As India makes and consumes more, a new realty sector booms
Oman is optimistic about Indian investments, especially in developing the Duqm port by the Adani Group. Despite signing an MoU, concrete plans are pending. Discussions between Omani and Adani representatives at the “Invest in Oman” event included visits to Adani’s Indian office and the Duqm port site. Oman is open to exploring opportunities for development […]
India plans to increase Indian flagged ships by ten times to become a formidable force in global maritime trade. Senior government official mentioned disputes between nations. Shipping ministry noted that most Indian flagged vessels are engaged in coastal trade. China has a large number of flagged ships engaged in overseas trade. Concerns exist regarding India’s […]
FedEx CEO Raj Subramaniam is bullish on India due to its growing GDP, manufacturing sector, talent pool, digitization, and technology ideas. Despite supply chain disruptions, FedEx continues to expand its operations in India and has formed a strategic alliance with Delhivery for extended reach and sustainability initiatives.
“Maitri setu built on Feni River has already been inaugurated and people’s movement through the bridge will start any time. Once the bridge is made operational, the state will have direct access to Chittagong Port in Bangladesh. It will open new possibilities in business and trade through Chittagong Port”, Saha said at the laying of […]
The Indian government’s ambitious targets for net-zero emissions by 2070 and reducing logistics costs below 8% of GDP drive the need for a green logistics ecosystem. Manish Gupta, Vice President-Trucks at Porter, emphasizes the role of multimodal integrated transportation and digitization, highlighting a potential 6% cost reduction through Zero Emission Transportation (ZET) vehicles.
Water Transport Workers Federation of India refuses to load or unload Israel-bound weapons on any ships
2 years ago
The Water Transport Workers Federation of India refuses weaponized cargoes, calls for ceasefire and solidarity with peace campaigners. Hamas’s attack caused deaths in Israel and Gaza, leading to labor shortages. Israeli military called reservists and imposed an entry ban on Palestinian laborers.
The Union Environment Ministry has granted approval for the Rs 76,000 crore Vadhavan Port, which will now be presented to the Cabinet for final approval, as stated by Ports, Shipping, and Waterways Minister Sarbananda Sonowal. Vadhavan Port Projects Ltd. (VPPL), a special purpose vehicle (SPV) with 74% stake held by Jawaharlal Nehru Port Authority (JNPA) […]
The Warehousing & Logistics sector saw a rise in absorption, recording 37.8 million sq ft in 2023, a 21% increase from the previous year. Despite a 65% decline in investments in 2023, reaching USD 646 million, absorption surpassed the 2019 pre-pandemic level by 15%. Third-party logistics companies accounted for 44% of overall absorption, followed by […]