Logistic Performance Index

Tiger Logistics, Bangladesh-based Sikder Group sign pact to increase trade

Homegrown Tiger Logistics (India) on Friday said it has signed an agreement with Bagladesh-based Sikder Group to establish a Joint Venture (JV) for global trade. Sikder Group handles the development and operations of the Mongla Economic Zone at Mongla Port, which is the second-largest seaport in Bangladesh, Tiger Logistics (India) said in an exchange filing. The development comes in continuation of the strengthening of connectivity between the two nations, as Bangladesh granted India permanent access to Chattogram and Mongla Port in April 2023. Recognising the increasing demand for international logistics, particularly between India and Bangladesh, the company aims to play a pivotal role in stimulating economic growth in the region. Tiger Logistics (India) Ltd announced the signing of a Memorandum of Understanding (MoU) with PowerPac Holdings Limited, a concern of Sikder Group, Bangladesh, to formalise a strategic partnership and establish a joint venture (JV) in the logistics sec

Coal ministry to build integrated platform for managing coal transport

The AI-powered Smart Logistics Plan will help build data sets for future planning

CEVA Logistics to take controlling stake in Stellar Value Chain Solutions

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

India jumps 6 places on World Bank's Logistic Performance Index, ranks 38

India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, now ranking 38th in the 139 countries index, as a result of significant investments in both soft and hard infrastructure as well as technology. India was ranked 44th on the index in 2018 and has now climbed to 38th in the 2023 listing. India's performance has drastically improved from 2014, when it was ranked 54th on the LPI. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics cost and boost the economy by 2024-25. In 2022, the prime minister had launched the National Logistics Policy (NLP) to ensure quick last-mile delivery, end transport-related challenges, save time and money of the manufacturing sector and ensure desired speed in the logistics sector. These policy interventions are fructifying, which can be seen in India's jump in LPI and its other parameters. According

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

Union Cabinet has approved National Logistics Policy: Anurag Thakur

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country

In a first, states to be ranked on logistics performance; results tomorrow

The ranking is based on about eight parameters such as transportation facilities available in states and documentation procedures