New Delhi, July 24 (IANS) President Droupadi Murmu on Friday urged Romanian companies to actively participate in India’s growth story as the country has emerged as the world’s fastest growing economy, offering immense opportunities for international partnerships, investment and technology collaboration.Addressing the India–Romania Business Forum at Bucharest, the President said that Romania, with its strategic location at the crossroads of Europe, highly skilled human resources, advanced i…
Latest Logistics News & Updates
New Delhi, July 23 (IANS) Improving rail accessibility for micro, small and medium enterprises (MSMEs) could unlock significant rail freight growth by lowering logistics costs and adding a customer segment for rail services, a report said on Thursday.The report from FICCI and KPMG in India said many MSMEs remain dependent on road transport despite rail’s structural cost advantage because of fragmented consignments, limited cargo aggregation, inadequate terminal access, first‑ and last‑mile…
New Delhi, July 23 (IANS) Panama is India’s natural gateway to Central America, Latin America and the Caribbean, and there is a need to improve shipping connectivity, deepen logistics partnerships and accelerate institutional cooperation to realise the untapped potential of bilateral trade, according to the government.Under the visionary leadership of Prime Minister Narendra Modi, India’s maritime sector is undergoing a transformational journey driven by world-class infrastructure, modern logist…
Bhubaneswar, July 17 (IANS) The Odisha government on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC) to strengthen the state’s Public‑Private Partnership (PPP) ecosystem and attract private investment in key infrastructure sectors. The agreement was signed during a ceremony held here under the chairmanship of Chief Secretary of Odisha, Anu Garg.According to an official statement, the collaboration aims to mobilise p…
Bhopal/Ujjain, July 9 (IANS) Chief Minister Mohan Yadav will lay the foundation stone for the Rs 5,017 crore Ujjain–Jaora Greenfield four-lane highway project on Friday, the Madhya Pradesh government said on Thursday. The 98.73-km highway will be built by the Madhya Pradesh Road Development Corporation (MPRDC) and is expected to be completed in two years. It will pass through the Assembly constituencies of Ujjain South, Ghattiya, Nagda-Khachrod, Alot, and Jaora.According to the state governmen…
Jaipur, July 9 (IANS) For decades, Kota has been known as India’s coaching capital, drawing lakhs of students every year in pursuit of engineering and medical dreams. Now, the city is preparing for a new identity, one built on world-class infrastructure and economic opportunity.With the proposed Atal Expressway, direct connectivity to the Delhi-Mumbai Expressway, and a series of new highway projects, Kota is poised to emerge as a major logistics, industrial and investment hub. More than shorteni…
New Delhi, July 8 (IANS) Punjab government has signed a memorandum of understanding (MoU) with NICDC Logistics Data Services Limited (NLDSL) to accelerate the digital transformation of the state’s logistics ecosystem through the Unified Logistics Interface Platform (ULIP), an official statement said on Wednesday.NLDSL will support the Government of Punjab in developing a digitally connected logistics ecosystem by enabling seamless data exchange across departments through ULIP, the statement fr…
Mumbai, July 8 (IANS) Striking an aggressive tone on future economic growth, Chief Minister Devendra Fadnavis on Wednesday unveiled a historic capital expenditure blueprint for the Mumbai Metropolitan Region (MMR). Responding to the debate on a motion moved by treasury bench members under Rule 293 in the State Assembly, the Chief Minister announced that a massive Rs 12,26,871 crore ($147 billion) has been earmarked for infrastructure and development projects across the MMR and its decentralised …
Bhubaneswar, July 2 (IANS) The Rs 1.08 lakh crore ($11.5 billion) integrated greenfield aluminium project in Odisha, a 50:50 joint venture between Adani Enterprises Limited (AEL) and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, is expected to be Odisha’s largest foreign direct investment (FDI) proposal and India’s largest FDI in the metallurgy sector, it was announced on Thursday.The greenfield project will be developed in two phases with investments of Rs 66,000 …
New Delhi, June 25 (IANS) Mumbai Port Authority celebrated its 154th Foundation Day on Thursday and as part of celebrations presented 63 projects with a combined value of Rs 5,028.17 crore across three phases, an official statement said.These projects include seven for inauguration worth Rs 132.29 crore, 34 for foundation‑stone laying totalling Rs 1,354.59 crore and 22 projects for announcements worth Rs 3,541.29 crore, the statement from Ministry of Ports, Shipping and Waterways said.Senior p…