Hindustan Infralog Private Limited(HIPL) has announced the acquisition of a 90-per cent stake in Continental Warehousing Corporation (Nhava Seva)(CWCNSL), an integrated multimodal logistics player in India.

Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).

Infrastructure Today has completed yet another milestone with over 14 years of coverage on a sector which can make or break the India development story.

India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.

The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).

The Government of India has embarked on the Sagarmala Programme with a vision to reduce logistics cost for both domestic and EXIM cargo and utilise the waterways to their potential.

Over the last few years, the Government of India has rightly refocused attention on the shipping and logistics sector, and has recognised it as a key contributor to the development of the country.

Nandan Yalgi, Managing Director, Boxco Logistics India Pvt Ltd, lauds the efforts of the Ministry of Shipping in launching port-led development projects that will eventually bring down logistics costs across the country.

The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation.