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Arshiya sells 6 warehouses to Ascendas India for INR 534 cr
Arshiya has entered into an agreement to sell six of its warehouses to Ascendas India for INR 534 crore. The storage spaces spread across 832,000 square feet are located in Panvel, on the outskirts of Mumbai. A statement said that"The intended objective of Arshiya is to achieve an asset light model going forward, while Ascendas will potentially be getting a portfolio of income yielding Free Trade warehouse ...
logisticsnews/31947/Arshiya-sells-6-warehouses-to-Ascendas-India-for-INR-534-cr/
 
Balmer Lawrie invests INR 50 cr for building cold chain warehouses
Balmer Lawrie & Company Limited has said it is investing INR 50 crore for the construction of two cold chain warehouses to tap the growing demand for temperature controlled warehousing facilities. Of the INR 50 crore, the PSU would be pumping some INR 33-34 crore from internal accruals as it has sufficient free cash, the company Chairman and Managing Director, Prabal Basu, said. The company is constructing ...
logisticsnews/31941/Balmer-Lawrie-invests-INR-50-cr-for-building-cold-chain-warehouses/
 
Bahri signs contract to provide Logistics services to SAR
Bahri signed a contract with Saudi Rail Company (SAR), for the provision of transportation and shipping services from around the world as well as customs clearance support through Bahri Logistics, one of the six business units of Bahri. The agreement was signed by Khalid Abdulrahman Abanami, CFO and Designate EVP – Common Services, SAR, and Ahmed Mohammed Al-Ghaith, President of Bahri Logistics, in the presen ...
logisticsnews/31685/Bahri-signs-contract-to-provide-Logistics-services-to-SAR/
 
Concor focusing on building multi-modal logistics parks near ports
According to Chairman V. Kalyanarama, the Container Corporation of India (Concor) is mainly focusing on building multi-modal logistics parks (MMLP) in the vicinity of ports and in the hinterland to bring down logistics costs and to promote containerisation. He was here on Saturday to participate in the East Coast Maritime Business Summit organised by the Hyderabad-based magazine Maritime Gateway. "The Visa ...
logisticsnews/31652/Concor-focusing-on-building-multi-modal-logistics-parks-near-ports/
 
IR to set up USD 5 billion development fund
Indian Railways (IR) has circulated a draft cabinet note for setting up a dedicated USD 5 billion Railways of India Development Fund (RIDF). The fund will to be anchored by the World Bank and will serve as an institutional mechanism for the national transporter to arrange fund from the market for its investments. According to a top railway official, the fund will be managed independently by a non-government ent ...
logisticsnews/31557/IR-to-set-up-USD-5-billion-development-fund/
 
JNPT to float tenders to develop Jalna dry port
Jawaharlal Nehru Port Trust (JNPT) will float tenders for developing the 450-acre Jalna dry port in a couple of months, said Chairman Anil Diggikar. Diggikar said the port, which is coming up near Aurangabad, will be developed on a public-private partnership basis. The JNPT chief said that the port will be transferred to a private developer by January 2018. Cargo such as seeds, steel and automobiles will be exporte ...
logisticsnews/31475/JNPT-to-float-tenders-to-develop-Jalna-dry-port/
 
Apollo International sees logistics arm clocking INR 4,500 cr by 2022
Apollo International is targetting a 5 fold jump in the turnover of its logistics arm Apollo LogiSolutions (ALS) to touch INR 4,500 crore by 2022. The company plans to invest around USD 200 million in the next few years as it gears up to expand through both organic growth and acquisitions for a public listing of ALS around 2020. Apollo International Vice-Chairman and Managing Director Raaja Kanwar said that &qu ...
logisticsnews/31391/Apollo-International-sees-logistics-arm-clocking-INR-4%2C500-cr-by-2022/
 
Port of Philadelphia to spend USD 300 m to double container capacity
A USD 300 million investment in the Port of Philadelphia is expected to more than double container capacity from 400,000 Twenty Foot Equivalent Unit (TEU) to 900,000 TEU, rising to 1.2 million TEU a year in the future. This initiative will start next year and continue through 2020, said Pennsylvania Democrat Governor Tom Wolf in making the announcement. Governor Wolf said that "This capital investment prog ...
logisticsnews/31334/Port-of-Philadelphia-to-spend-USD-300-m-to-double-container-capacity/
 
FM Logistic plans to spend 50 million euros in India
FM Logistic plans to spend EUR 50 million in India over the next four years, becoming the latest global company to invest in the country's logistics space, encouraged by the implementation of GST. Stephane Descarpentries, Director-Strategic Projects and Director, operations Asia, FM Logistic said that "We aim to contribute to a better efficiency of the logistics in India, especially in a post-GST scenario. ...
logisticsnews/31082/FM-Logistic-plans-to-spend-50-million-euros-in-India/
 
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