The government has allocated a total Gross Budgetary Support (GBS) of Rs.46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways.

Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with the Government of India for the financial year 2016-17.

Mansukh Lal Mandaviya has assumed the charge of Minister of State, Ministry of Road Transport & Highways and Shipping from July 11, 2016. He is a BJP MP (Rajya Sabha) from Gujarat.

The Logistics Sector Skill Council is unique in its own way. Logistics is an activity that pervades all industry, either in the form of pure-play logistics (ports, infrastructure, freight forwarding, air cargo, transportation) or in-plant logistics.

More than 90 per cent of India´s inbound and outbound cargo is moved by the freight forwarding industry. Our association is the apex body and is a national body for this industry. We are a very important link between the trade and the government as we represent the interests of the trade to the government and assist in bringing the relevant policies to the trade.

India´s largest container port, Jawaharlal Nehru Port, will be spending nearly Rs500 crore in the next two-three years to beef up evacuation of cargo and further increase connectivity with the hinterland.

The government might soon propose amendments to the Multimodal Transportation of Goods Act, 1993. The aim is more transparency in the shipping and logistics sectors and to discourage container freight stations from overcharging both importers and exporters, said two government officials with direct knowledge of the matter.

Indian ports loading cargo containers are bracing for a global rule, starting 1 July, which mandates shippers to verify and declare the weight of a container before loading it on a ship for export.

The Indian logistics market is expected to grow at a CAGR of 12.17 per cent by 2020, driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors. India is expected to register a steady uptick in logistics growth, on the back of the improvement in the country´s infrastructural environment.