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Vantrock Real Assets will invest over Rs 3,000 crore over the next four years to develop industrial, logistics and warehousing parks across major cities, amid strong demand from light manufacturing, e-commerce and third-party logistics firms. The Mumbai-based company, in a statement on Tuesday, said it would focus initially on warehousing, industrial and logistics parks. It aims to develop 11.5 million sq ft area over the next four years, representing a gross asset value of Rs 4,200 crore on completion. The initial projects, covering 3 million sq ft, will be located in Delhi-NCR, Bengaluru and Pune. Later, the company will enter Mumbai Metropolitan Region (MMR). Anshul Singhal, a veteran in the real estate sector with over two decades of experience, has set up his own venture, Vantrock Real Assets Pvt Ltd. "Every good industrial and warehousing park in this country is full, and the new ones are being built an hour or more away from where the customer's business is. We are going the
Diversified public sector enterprise Balmer Lawrie & Co Ltd is expanding its domestic logistics operations, including rail logistics and third-party logistics, while aligning its travel businesses with the growth in domestic tourism as geopolitical tensions and tariff protectionism disrupt global supply chains. Addressing the company's 109th Annual General Meeting here on Monday, its Chairman Adhip Nath Palchaudhuri said the company was adapting its operations to an increasingly volatile global environment, where geopolitical developments and national security considerations were increasingly influencing global trade. The company is expanding its supply chain touchpoints with greater emphasis on domestic logistics operations, including its new rail logistics and third-party logistics businesses, he said. Balmer Lawrie's logistics business already provides integrated supply chain solutions through its network of container freight stations, warehouses and specialised cold-chain ...
Uzbekistan is keen to import steel from India, a strategic move aimed at significantly lowering logistics costs for the landlocked Central Asian nation, an industry official said on Tuesday. The landlocked country imports around 1 million tonnes of steel, including TMT bars, from China, the official said. The logistics cost from China to Uzbekistan via sea route is as high as USD 100 per tonne, in addition to the actual steel cost. The country is keen to import steel from India via a shorter, alternative route. It would lower its logistics cost, the industry member said, adding that the Uzbekistan Metallurgy Association has also signed a Memorandum of Understanding with the Indian Steel Association (ISA) in this regard. "Both associations will work towards manufacturing, technology, environment, sustainable growth, logistics etc and to facilitate interaction for the purpose of advancing mutual understanding among the steel industries of India and Uzbekistan," he added. The developm
Ekart, the supply chain arm of the Flipkart Group, on Tuesday announced the opening of its pan-India logistics network to external businesses, including micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands, and fast-moving consumer goods (FMCG) companies. The expansion is being driven through a new franchise model and scaled, dedicated warehousing capabilities, the company said in a statement. Under the new franchise model, Ekart has operationalised over 300 outlets across Surat, Mumbai, Delhi, and Bengaluru. The company plans to expand this network to more than 1,000 outlets by the end of 2026, allowing small businesses to route shipments through its national network without needing to build their own logistics infrastructure. Additionally, external brands can now utilise over 1 million square feet of Ekart's dedicated warehousing space for end-to-end fulfilment. The logistics provider is adding further capacity across Delhi-NCR, Hyderabad, Kolkata, and Mumb