Logistics Park Policy

Logistics parks operator IndoSpace on Tuesday said it is looking to bolster its presence in the manufacturing sector with an increased investment plan of up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu. A leading developer of Grade A industrial and logistics real estate, IndoSpace had last year signed an initial pact with the Tamil Nadu government for investing Rs 2,000 crore in the state's logistics industry. Tamil Nadu continues to be a preferred destination for global original equipment manufacturers (OEMs) with companies like Hyundai, Nissan, Foxconn, and Pegatron announcing significant expansions in the state, IndoSpace said, adding that the company has helped develop an ancillary ecosystem that supports these OEMs. "IndoSpace announces plans to increase its investments up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu. These parks will support the growing manufacturing sectors like automobile and electronics in the state," the ...

World Bank incorporating more data to make LPI comprehensive

These projects are expected to fuel the prospects of UP's ambitious mission to become India's first trillion-dollar economy

Warburg Pincus-backed logistics firm Stellar Value Chain Solutions has signed a pact with France-based CEVA Logistics for selling controlling stake in the company. As part of the agreement, CEVA Logistics will acquire the entire stake of private equity firm Warburg Pincus. The move will help CEVA Logistics diversify its presence in India, boosting its local workforce, assets, customer roster and capabilities, Stellar value chain said in a statement. The acquisition is expected to be completed in the coming weeks, the company said without disclosing the deal size. Incorporated in 2016 by logistics veteran Anshuman Singh, Stellar Value Chain Solutions is into contract logistics with omni-channel fulfillment services in segments such as e-commerce, automotive, consumer, retail, healthcare and pharmaceuticals, among others. Post-acquisition, Stellar Value Chain Solutions will become a part of the third largest company in the world in contract logistics, the company said. Following th

Logistics will be an area full of opportunities for young students in the coming years with a huge scope for investment, entrepreneurship and employment, Union Minister of State for Skill Development Rajeev Chandrasekhar said on Monday. He was speaking at a conference on "Transforming Logistics for Coastal Economies" ahead of the third G20 Education Working Group meeting scheduled to be held from April 27 to 29 here. "Logistics will be an area full of opportunities for young students in the coming years, as much as semiconductors, electronics, and information technology, with a huge scope for investment, entrepreneurship and employment. "This is an interesting time for the world, representing opportunities and challenges and in this context, India has become the fastest growing nation of the world. And India is being looked upon by the world with a lot more respect," Chandrasekhar said. The minister noted that the world is looking at resilient logistics and trusted supply chains, .

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

US-based Panattoni has forayed into India and will invest USD 200 million to develop four industrial and logistics parks as it seeks to tap the growing demand for warehousing spaces across major cities. Panattoni, a global leader in industrial & logistics real estate development, has debuted in the Asian market with its entry in India. Indian venture, Panattoni India Development Pvt Ltd, is headquartered in Bengaluru. In an interview with PTI, Sandeep Chanda, Managing Director India, Panattoni, sounded bullish on the long-term growth of the industrial and logistics segment of Indian real estate as demand for quality spaces rises from third-party logistic, e-commerce and manufacturing sectors. The company is holding discussions with land owners to purchase around 250 acres of land in Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru and Pune to develop four projects in the first phase of the India venture. 'We will be investing USD 200 million (around Rs 1,597 crore) for the ...

In efforts to encourage logistics sector in the backdrop of industries, e-commerce and services sector, Telangana Cabinet has approved the Telangana Logistics Policy

Nitin Gadkari has announced that a multi-model logistics park will be constructed in Silchar and the Balacherra-Harengajao section of the Silchar-Saurashtra Highway will be completed in March 2022