DP World commences construction of Mumbai FTZ

Global logistics major DP World has started construction of its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. The Rs 1000 crore DP World FTZ investment comes under the Hindustan Infralog Private Limited (HIPL) joint venture between DP World (65%) and the National Investment & Infrastructure Fund (NIIF) (35%). This venture has been created to invest up to $3 billion in ports, logistics and related sectors across the country. NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ…

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GatewayRail commences operations on WDFC

GatewayRail Freight has become one of the first operators on the Western Dedicated Freight Corridor inaugurated by Prime Minister Narendra Modi yesterday. The prime minister flagged off the inaugural double stack formation of two trains with a total length of 1.5 km from New Ateli Junction. GatewayRail’s train from ICD Garhi Harsaru to Mundra Port was one of the two trains in this formation. This is the world’s first double stack train to be operated by electric locomotives. The freight trains will run at a speed of up to 100 KMPH…

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Govt plans product specific warehouses at ports

Ministry of Ports, Shipping and Waterways (MoPSW) intends to create Product Specific Warehouses/Silos at various Ports (including both Major and Non-Major Ports), Multi Modal Logistics Parks located near Port area and alongside the National Waterways. According to a recent government release, the purpose of development of this infrastructure is to reduce the storage losses, minimize logistic costs and facilitate distribution of cargo in the hinterland. MoPSW is targeting to develop the product specific Warehouses/Silos at ports for products such as Cement Silos, Liquid Tanks, Chemicals Tanks, Cold/Refrigerated Storage, Electronics Product…

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Auto transportation commences through Hazira-Ghogha inland waterway

Honda 2Wheelers India has become the first automobile company in the country to adopt the newly inaugurated Ro-Pax ferry service connecting Hazira (Surat) and Ghogha (Bhavnagar) in the Gulf of Khambhat (Gujarat), in collaboration with Indigo Seaways. Soon after the new route was inaugurated by the prime minister on 8th November, Honda dispatched its first two-wheeler consignment using the Hazira-Ghogha Ro-Pax ferry service from its Narsapura plant in Karnataka to Veraval (near Somnath) in the Saurashtra region of Gujarat. Utilising this new & efficient logistics way, the delivery time and distance for Honda’s new two-wheelers reaching…

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FM Logistic to set up intra-city warehousing across 3 major metros

Pune-based FM Logistic India is looking to set up intra-city warehousing units across Mumbai, Delhi and Bengaluru, including by converting some abandoned mills into such facilities, amid an increasing demand for quick deliveries by online customers. The company is in discussion with a closed mill owner in Mumbai, while exploring the possibility of such projects in Delhi and Bengaluru.However, along with this, FM Logistic is also open to set up completely new intra-city warehousing facilities as well, says Alexandre Amine Soufiani, Managing Director, FM Logistic India The French 3PL (third-party logistics)…

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Revised policy for CFS,ICDs to address overcapacity concerns

In a significant recent development, the Central Board of Indirect Tax and Customs (CBIC) notified revision in policy and guidelines for setting up of Container Freight Stations (CFS), Inland Container Deport (ICD) and Airfreight Stations (AFS). The revision in policy has been undertaken to boost investment in the sector as well ensuring development of more regions where these physical infrastructure units can come up in larger number instead of their concentration to certain locations. As per the notification, the locations will now be classified as Green Blue or Red. “…

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Subsidy on air transportation under Operation Greens Scheme

Under Aatma Nirbhar Bharat Abhiyan, Operation Greens Scheme TOP to TOTAL, 50% transportation subsidy is now made available for air transportation for 41 notified fruits and vegetables from North-Eastern and Himalayan States to any place in India. Airlines will provide the transport subsidy directly to the supplier, consignor, consignee or agent by way of charging only 50% of the actual contracted freight charges and will claim the balance 50% from MoFPI as subsidy. The scheme was approved and the amended Scheme Guidelines were early this month. In relaxation of other conditions…

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ESR India to develop 11 logistics parks in Maharastra

ESR India, part of the leading logistics real estate firm ESR which has stronghold in APAC, has made a major investment announcement. The company has inked an agreement with Maharastra government to set up 11 industrial and logistics parks in the state. These units will be mostly set up around Mumbai and Pune. On a cumulative basis, these projects would entail an investment of over Rs 4,300 crore by ESR India. “The Government of Maharashtra and the MIDC (Maharashtra Industrial Development Corporation) have been very supportive of our efforts to…

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‘Direct Port Entry Facility’ commences at Chidambaranar port

V.O. Chidambaranar Port Trust has now added a major feature to its list of services offering for its customers and users – ‘Direct Port Entry Facility.’ It was inaugurated by Union Minister of State for Shipping  Mansukh Mandaviya last week through video conferencing. The state-of-the-art Direct Port Entry (DPE) facility would enable direct movement of containers from factories, without intermediate handling at any CFS, thus facilitating the shippers to Gate-In their factory stuffed exports directly to the Container Terminal on 24×7 basis. The facility is created in an area of 18,357…

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New warehousing hubs emerging in non-metro circles

High-intensity focus on making India a global manufacturing hub has caused warehousing clusters to expand rapidly beyond the top cities and into tier 2 and 3 cities, reveals ‘Indian Industrial & Logistics – Gearing Up a Global Manufacturing Hub’ – a joint report by US-based Binswanger Commercial Real Estate Services and ANAROCK Group. The two firms recently joined hands to offer boutique advisory, brokerage and transaction services on industrial real estate opportunities between India, USA and other global markets. The report says that demand for small and multi-location warehouses is expected to…

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