Page 3 - Logistics

Growth capital firm Playbook Partners targets 2025 to raise $250 mn fund

Playbook Partners aims to invest in 12-15 companies in two years, with an average ticket size of $20 million

Govt, industry must boost green aviation fuel with incentives: SpiceJet CMD

The government and industry have to come together and create a "significant incentive and logistic structure" for the production of sustainable aviation fuel (SAF) to help reduce carbon emissions, SpiceJet CMD Ajay Singh said on Wednesday. Discussions have been held with the Prime Minister's Office for allotment of spaces near airports for SAF refineries to save on transportation costs, and also with oil marketing companies, including IOC, BPCL and HPCL, to build a mini refinery for SAF production in their existing refineries, he added. "I think one of the things that we need to do is to have these SAF refineries, which are relatively simpler, probably closer to airports. If you're really serious about it. We've had this discussion with the PMO as well, that, can you allot spaces, which are close to airports so that the transport cost, which is the largest part of that cost, because you know you have to address these issues," Singh said. The SpiceJet CMD said at that some point the

Sree Kailas Group lines up new brand OneAlpha in industrial spaces sector

OneAlpha aims to deliver fast, customised and sustainable infrastructure solutions for manufacturers

Logistics startup Xindus raises $10 mn for expansion in India-US corridor

The Gurugram-based company plans to utilise the capital to scale its operations in the India-US corridor while expanding across the United Kingdom, Canada, Australia, Europe, and the Middle East

CWC to play key role in logistics cost reduction plan: Food minister Joshi

The government aims to reduce logistics costs from the current 13-14 per cent to global standards of around 8 per cent, with the Central Warehousing Corporation (CWC) playing a crucial role in this nationwide transformation effort. "With the launch of the National Logistics Policy and the PM Gati Shakti Programme, we aim to bring down logistics costs from the existing 13-14 per cent to global standards of around 8 per cent. "CWC, as a leading warehousing organisation, is poised to support these objectives through modern infrastructure development and efficiency enhancements," Food Minister Pralhad Joshi said while addressing the CWC's 69th Foundation Day. The minister highlighted that CWC, established in 1957, has evolved into a dynamic logistics service provider with an extensive network of over 700 warehouses and an operational storage capacity of 148.29 lakh metric tonnes, an official statement said. The government's push comes as part of broader initiatives under the Atmanirbha

CII announces plan to make India global logistics hub, generate employment

Expanding sector is to expected create 15-17 mn jobs in the country by 2030, it says; Initiative will attract investments and drive economic growth

ATOZ Logistics Celebrates 25 Years of Logistics Excellence in presence of Olympic Medalist Yogeshwar Dutt

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States must develop logistics plans to boost investments: Piyush Goyal

He emphasised on implementation of measures to promote green logistics, workforce inclusivity and facilitation of Central Government projects

13 states, UTs among 'achievers' in DPIIT's logistics performance index

Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu and Delhi are among the 13 states and Union Territories that have been categorised as "achievers" in the logistics index chart 2024, according to a report released by the Commerce and Industry Ministry on Friday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. In 2023 also, 13 states and UTs were in the achievers category. The other states and UTs in the "achievers" category are Chandigarh, Haryana, Telangana, Uttar Pradesh, Uttarakhand, Assam, and Arunachal Pradesh Andhra Pradesh, Goa, Bihar, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Dadra and Nagar Haveli and Daman and Diu, Jammu and Kashmir, Lakshadweep, Puducherry, have been categorised as "fast movers" in the report. Those in the "aspirers" category include Kerala, West Bengal, Chhattisgarh, Jharkhand, Andaman and Nicobar Islands, and Ladakh. The

Logistics, Industrial spaces demand seen at 50-53 mn sq ft in 2024: Report

Leasing of logistics and industrial (L&I) spaces is estimated at 50-53 million square feet this year across eight major cities on sustained demand, according to Cushman & Wakefield. The leasing of L&I spaces stood at 53.57 million square feet across Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. Real estate consultant Cushman & Wakefield said that as of October 2024, the leasing volume has already surpassed 41 million square feet across the top-8 real estate markets. "Ever since the Production-Linked Incentive (PLI) scheme was introduced by the government in 2020, the industrial leasing volume witnessed healthy growth. Besides, the strong emergence of retail and e-commerce has led to intense activity in the warehousing space too," the consultant said. For 2025, Cushman & Wakefield foresee the new-normal level of demand to sustain given the widening of the consumption base in India alongside robust industrial

Integration of industry, govt platforms can improve logistics: Piyush Goyal

He also urged the logistics industry to work on following sustainable and green practices to cut carbon footprint in the sector

Shadowfax Tech swings to profit in FY24 with adjusted PAT at Rs 2 crore

Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal. Adjusted PAT includes costs related to Employee Stock Ownership Plans (ESOPs). Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in FY24, according to a company statement. The Bengaluru-headquartered firm said it has "significantly diversified" its revenue streams and a major contributions now come from value-added services (VAS). "These services include Prime solutions (same day and next day delivery), reverse logistics, hand-to-hand exchange, and the rapidly expanding quick commerce (10-minute delivery). Shadowfax holds a leadership position or controls upwards of 50 per cent market share in each of these services, establishing itself as one of the most diversified 3PL (third-party logistics) players in the market today," the statement said. It further said ..

Best of BS Opinion: Standards on trade, efficient movement and more

Here is the best of Business Standard's opinion pieces for today

Kerala to host Vizhinjam Conclave 2024, aims to boost global supply chain

The conclave, the first of its kind in the state, promises to redefine the scope of industrial and economic development by leveraging the untapped potential of the Vizhinjam International Seaport

Govt to remove logistic cost to calculate metallurgical grade bauxite ASP

Revised conversion factor would apply to new mining leases granted following the notification

216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co

This hiring trend is not limited to major metro cities; Tier-II and Tier-III cities are also experiencing a significant rise in job opportunities

Proper infra, workforce key challenges for logistics industry: Experts

Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...

India's logistics cost will come down to single-digit in two yrs: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Thursday said India's logistics cost will come down to single-digit within the next two years. Addressing an event organised by NITI Aayog, Gadkari said the ministry is constructing several highways and expressways, which will help reduce India's logistics cost. "Within two years, we are going to reduce our logistics cost to 9 per cent," he added. According to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics cost in India ranged between 7.8 per cent to 8.9 per cent of GDP for the fiscal 2021-22. Gadkari said there is huge potential for India to export alternative fuels and biofuels. He also pointed out that low-quality coal is useful for making methanol. The minister further said he aimed to make the Indian automobile industry number one in the world. Last year, India had overtaken Japan to become the third-largest automobile market in the world, only behind the

Concor's growth route detours as demand dips due to weak exim volumes

Competitive pressures add to logistics firm's demand woes

India's logistics cost will come down to single-digits in 5 yrs: Gadkari

India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit' here, Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost. "I am confident that within five years our logistics cost will be in single-digit," he said. However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP in 2021-22. The road transport and highways minister further said he aimed to make the Indian automobile industry number one in the world. Last year, India had overtaken Japan to become the third-largest automobile market in the world, only behind the US and China, he said. According to him, the size of India's automobile industry rose from Rs 7.5 lakh crore in 2014 to Rs 22 la