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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 ...