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Logistics Sector
Logistics operator Allcargo Logistics on Monday said it has received the NCLT approval for its restructuring plan to demerge its international supply chain business into a new listed entity. Under the approved scheme, the international supply chain business of Allcargo Logistics Limited will be demerged into a new listed entity -- Allcargo Global Limited, according to the company. The domestic express and contract logistics businesses, currently housed under Allcargo Gati, Gati Express & Supply Chain and Allcargo Supply Chain, will be consolidated under the listed company Allcargo Logistics Limited, it added. Post-restructuring, Allcargo Group will eventually have four listed strategic business undertakings. Allcargo Global will have an international supply chain business, while domestic logistics will come under Allcargo Logistics (post demerger). Allcargo Terminals Limited and TransIndia Real Estate Limited, which were created through an earlier scheme of arrangement, continue .
The country's logistics cost is estimated at 7.97 per cent of India's gross domestic product (GDP) in 2023-24, according to a Department for Promotion of Industry and Internal Trade (DPIIT) report. It was prepared by NCAER (National Council of Applied Economic Research) for the department. The report said estimates derived for the previous five years show that the pace of growth in the logistics cost is gradually slowing down. This may be attributed to several initiatives such as PM Gati Shakti National Master Plan; dedicated freight corridors; Sagarmala project; integrated check posts; and development of the unified logistics interface platform, it said. "As per the current assessment prepared by NCAER for DPIIT, logistics costs in India are estimated at about 7.97 per cent of total GDP," the report added. A report on Assessment of Logistics Cost in India was launched last week by Commerce and Industry Minister Piyush Goyal. With this, the country has now a comprehensive and ...
The express logistics and courier sector is expected to touch USD 18-22 billion by FY2029-30 from an estimated USD 9 billion in FY2024-25, supporting 6.5-7.5-million jobs, according to a report. The report also noted that the express industry has transformed from a logistics facilitator to an essential service provider, playing a critical role during the COVID-19 pandemic in supporting the world's largest vaccination drive and ensuring priority delivery of essential goods. The report "Express Industry in India 2025: Powering India's Economy, Connecting Businesses and Markets," commissioned by Express Industry Council of India (EICI) and KPMG has also identified five priority areas--agility and adaptability, efficiency improvements, customer centricity, a sustainable operating outlook and a robust policy and regulatory framework-- for unlocking future growth. It also calls for targeted policy measures, infrastructure expansion and technology adoption, supported by initiatives such a
Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. "Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehousing corridors," said Sandeep Chanda, Managing Director, India, Panattoni. He said the total leasable area in this upcoming project will be 5.5 lakh sq ft. "This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," he told PTI in an interview. The construction work will start in the next few months, and completion is expected in the second quarter of 2026. Asked about the source of .