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The newly-opened 594-km Ganga Expressway is expected to significantly reduce freight transit time across Uttar Pradesh, unlock annual logistics savings of up to Rs 30,000 crore and spur industrial and warehousing growth across more than a dozen districts, according to government estimates and industry players. The six-lane expressway, expandable to eight lanes, connects Meerut to Prayagraj through 12 districts, and is being projected as a major logistics and industrial corridor linking western and eastern UP. Industry estimates suggest UP currently handles around 245-260 million tonnes of intra-state freight annually, largely comprising food grains, construction material and retail goods, while outbound freight volumes are estimated at 135-150 million tonnes, driven by electronics, leather and agricultural produce. UP Industrial Development Minister Nand Gopal Gupta told PTI that the expressway would become "a new chapter" in the state's economy by accelerating industrial developmen
E-commerce enablement platform Velocity on Monday said it has earmarked Rs 100 crore to scale its logistics business, Velocity Shipping, over the next two years. The investment will be funded entirely through internal cash reserves and revenues from the company's core businesses. Since its launch in 2025, Velocity Shipping (formerly Shipfast) has onboarded over 900 brands. The platform is currently witnessing 70 per cent month-on-month growth in order volumes, according to a company statement, and now contributes nearly 40 per cent of Velocity's overall revenues. The Rs 100 crore investment will be directed toward strategic hiring, product development, and AI-led innovation across the logistics value chain. The company plans to double its shipping team and has already made senior hires to strengthen its last-mile capabilities. Velocity Shipping works with multiple third-party logistics (3PL) partners, including Delhivery, Ekart, Amazon, Blue Dart, Blitz, Pikndel and XpressBees, an
Platforms like LogiMAT India 2026 can catalyse over 15 per cent or USD 7.5 billion of bilateral logistics and investment growth between India and Germany over the next three years, said German Engineering Federation (VDMA) India Chief. Bilateral trade between India and Germany has crossed the USD 50 billion milestone in 2024-25, underscoring the countries' deepening partnership in logistics, technology, and investment, a statement said. According to the statement, as India and Germany recalibrate their economic and trade engagement, the world's biggest logistics show in India, LogiMAT India 2026, will bring together 43 German companies and leading innovators from across the logistics and supply chain spectrum. "Germany is India's largest trading partner in the European Union, and our logistics and technology partnership is entering a new era. Platforms like LogiMAT India can catalyse over 15 per cent (USD 7.5 billion) of bilateral logistics and investment growth in the next three ..
Demand for industrial and logistics spaces hit an all-time high this year, with leasing volumes rising nearly 19 per cent to 76.5 million square feet across 24 major cities in India, according to Savills. Real estate consultant Savills India data showed that the manufacturing sector took on lease 29 per cent of spaces, followed by third-party logistics firms (28 per cent) and e-commerce players (12 per cent). "India's Industrial and Logistics sector continued its strong post-pandemic growth trajectory in 2025, recording its highest-ever annual absorption of 76.5 million sq ft," Savills India said. In the 2024 calendar year, leasing of industrial and logistics spaces stood at 64.5 million square feet. Out of the total leasing this year, the consultant said that eight tier-I cities -- Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune -- saw 20 per cent growth in leasing to 59.5 million square feet this year from 49.7 million square feet in 2024. Delhi-N