Logistics Park Policy

NCR to Bengaluru: India's 3rd party logistics mkt sparks investor frenzy

Delhi-NCR emerges as the largest 3PL hub with 25% share of total I&L leasing since 2021

JSW Infra to invest ₹380 crore in Karnataka multi-modal logistics park

JSW Infrastructure has acquired an 86-acre brownfield rail siding in Ballari, Karnataka, to set up a multi-modal logistics park with an investment of Rs 380 crore

Govt working to ease logistics regulations to boost investment, growth

The government is working to reduce the regulatory issues in the logistics sector to enhance ease of doing business, and attract more investments, a senior government official said on Thursday. Addressing an event here, Department for Promotion of Industry and Internal Trade (DPIIT) joint secretary Pankaj Kumar said discussions are underway to make the PM Gati Shakti data more accessible to the private sector. "We are working to further reduce the regulatory issues (in the logistics sector) to enhance ease of doing business and attract more investments," Kumar said. Observing that India is a complex and geographically huge country, he said logistics is all about transporting both people and goods from one place to another quickly so that lives can be saved, and businesses thrive, leading to a better quality of life. "You can get groceries delivered to you in 10 minutes, but cannot reach the hospital in 10 minutes," Kumar said. He said there are several other initiatives being take

PM Gati Shakti, logistics policy to push India's World Bank ranking: Report

Strong infrastructure development through initiatives like PM Gati Shakti and National Logistics Policy will help India find a place among top 25 nations on the World Bank Logistics Performance Index by 2030, a report said. India ranks 38th in the World Bank Logistics Performance Index (LPI) out of 139 countries and aims to be in the top 25 by 2030. The study conducted by Global exhibitor Messe Stuttgart India in partnership with EAC International Consulting was released on Tuesday ahead the international logistics exhibition LogiMAT India 2025 which is scheduled from February 13-15 at the Bombay Exhibition Centre, Mumbai. The report highlights that strong infrastructure development through initiatives like PM Gati Shakti and the National Logistics Policy are going to be the key drivers to achieve this (India's aim to be in top 25 by 2030 in LPI). The Indian freight and logistics market is projected to grow at an annual rate of 8.8 per cent to reach USD 484.43 billion by 2029, up f

Ecobox to invest Rs 400 cr on Chennai facility, buys 50-acre land

Ecobox Industrial Parks on Monday said it will be investing Rs 400 crore for a facility near Chennai. It has already acquired a 50-acre land parcel at Mannur, in Tamil Nadu, where a 12-lakh sq ft facility will come up, as per a company statement. The newly formed operating platform of Alta Capital's Logicap Advisors said it plans for a greenfield development on the land. "The project located three kms from SH 50, with a planned development area of 1.2 million square feet (mn sft) and an investment outlay of over Rs 400 crore, will serve the increasing demand for modern industrial and logistics facilities in India," the statement said. At present, Logicap has a total footprint of 13 million sq ft, making it the fifth largest logistics platform in the country, the statement said. The site is well connected to key industrial corridors and Chennai's manufacturing base, and the project is designed to support e-commerce, third-party logistics, and light manufacturing sectors. Alta was

IndoSpace looking to invest Rs 4,500 cr logistics and warehouse parks in TN

Logistics parks operator IndoSpace on Tuesday said it is looking to bolster its presence in the manufacturing sector with an increased investment plan of up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu. A leading developer of Grade A industrial and logistics real estate, IndoSpace had last year signed an initial pact with the Tamil Nadu government for investing Rs 2,000 crore in the state's logistics industry. Tamil Nadu continues to be a preferred destination for global original equipment manufacturers (OEMs) with companies like Hyundai, Nissan, Foxconn, and Pegatron announcing significant expansions in the state, IndoSpace said, adding that the company has helped develop an ancillary ecosystem that supports these OEMs. "IndoSpace announces plans to increase its investments up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu. These parks will support the growing manufacturing sectors like automobile and electronics in the state," the ...

Centre makes India's case to World Bank for Logistics Index ranking push

World Bank incorporating more data to make LPI comprehensive

Uttar Pradesh govt to spend Rs 40K crore on logistics, industrial parks

These projects are expected to fuel the prospects of UP's ambitious mission to become India's first trillion-dollar economy

CEVA Logistics to take controlling stake in Stellar Value Chain Solutions

Warburg Pincus-backed logistics firm Stellar Value Chain Solutions has signed a pact with France-based CEVA Logistics for selling controlling stake in the company. As part of the agreement, CEVA Logistics will acquire the entire stake of private equity firm Warburg Pincus. The move will help CEVA Logistics diversify its presence in India, boosting its local workforce, assets, customer roster and capabilities, Stellar value chain said in a statement. The acquisition is expected to be completed in the coming weeks, the company said without disclosing the deal size. Incorporated in 2016 by logistics veteran Anshuman Singh, Stellar Value Chain Solutions is into contract logistics with omni-channel fulfillment services in segments such as e-commerce, automotive, consumer, retail, healthcare and pharmaceuticals, among others. Post-acquisition, Stellar Value Chain Solutions will become a part of the third largest company in the world in contract logistics, the company said. Following th

Logistics to entail huge scope of investment for youth: MoS Chandrasekhar

Logistics will be an area full of opportunities for young students in the coming years with a huge scope for investment, entrepreneurship and employment, Union Minister of State for Skill Development Rajeev Chandrasekhar said on Monday. He was speaking at a conference on "Transforming Logistics for Coastal Economies" ahead of the third G20 Education Working Group meeting scheduled to be held from April 27 to 29 here. "Logistics will be an area full of opportunities for young students in the coming years, as much as semiconductors, electronics, and information technology, with a huge scope for investment, entrepreneurship and employment. "This is an interesting time for the world, representing opportunities and challenges and in this context, India has become the fastest growing nation of the world. And India is being looked upon by the world with a lot more respect," Chandrasekhar said. The minister noted that the world is looking at resilient logistics and trusted supply chains, .

Welspun One Logistics Parks Fund 1 commits Rs 500 crore warehousing AIF

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

Panattoni enters India; to invest $200 mn on building 4 logistics parks

US-based Panattoni has forayed into India and will invest USD 200 million to develop four industrial and logistics parks as it seeks to tap the growing demand for warehousing spaces across major cities. Panattoni, a global leader in industrial & logistics real estate development, has debuted in the Asian market with its entry in India. Indian venture, Panattoni India Development Pvt Ltd, is headquartered in Bengaluru. In an interview with PTI, Sandeep Chanda, Managing Director India, Panattoni, sounded bullish on the long-term growth of the industrial and logistics segment of Indian real estate as demand for quality spaces rises from third-party logistic, e-commerce and manufacturing sectors. The company is holding discussions with land owners to purchase around 250 acres of land in Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru and Pune to develop four projects in the first phase of the India venture. 'We will be investing USD 200 million (around Rs 1,597 crore) for the ...

Telangana Cabinet approves logistics policy for state to boost e-commerce

In efforts to encourage logistics sector in the backdrop of industries, e-commerce and services sector, Telangana Cabinet has approved the Telangana Logistics Policy

Union Minister Gadkari announces multi-model logistics park in Silchar

Nitin Gadkari has announced that a multi-model logistics park will be constructed in Silchar and the Balacherra-Harengajao section of the Silchar-Saurashtra Highway will be completed in March 2022