With the total warehousing space requirement in the country´s top seven markets expected to grow from 621 mn sq ft in 2016 to 839 mn sq ft by 2020, the warehousing sector has shown tremendous traction in the past couple of years. Further, investment in warehousing can provide an opportunity of realising returns in the range of 10-24 per cent per annum.
Author: admin (Infratructure Today)
Post
Post
GST will help companies reduce logistics costs by up to 1.5percent
According to me every move has an advantage and a disadvantage. The business success depends on the ability of a company to factor in variables and continue to stand firm.
Post
GST will reduce the share of the unorganised sector in warehousing
The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes ´destination´ based rather than origin based, or ´efficiency´ based rather than ´regulation´ based.
Post
Indian logistics saw better growth while globally there was muted demand
Big is definitely better for the warehousing services focusing on serving organised sectors. Economies of scale, cheaper land costs, more automation and higher labour utilisation are some of the key benefits.
Post
The impact of GST could lead to reduction of 5percent in overall logistical costs
The expected implementation of GST will boost the demand for warehousing, 3PL solutions and multimodal services, areas where TCI has a strong market presence.
Post
Innovation in Sports Infrastructure
Great Sports Infra (GSI) began in 2004 with the vision to introduce innovative sports infrastructure technologies across South Asia that will change the dynamics and economics of sports.
Post
Smart cards for drinking water in Bhubaneswar slums
Slum dwellers in Bhubaneswar will get safe drinking water in water scarce pockets as the Bhubaneswar Municipal Corporation (BMC) plans to distribute around 2,500 smart cards that can be swiped in the water ATMs for water. At present, 10 ATMs machine have been installed at Jharana Basti, Gandamunda, Jadupur, Dumduma, Pokhariput, Siripur, Ganganagar Square, Bhimtangi, Sundarpada and Bhoi Sahi, Barmunda.
Post
Centre takes initiatives to boost oil & gas production
The Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan has informed the Lok Sabha that the Ministry of Petroleum & Natural Gas has signed MoUs (Memorandums of Understanding) with Oil & Gas CPSEs (Central Public Sector Enterprises) to enhance production of oil and gas for meeting domestic demand' Under this agreement, the CPSEs have undertaken to achieve the targets set in the agreement at the beginning of the year.
Post
Over 12 lakh houses for urban poor
Under the Pradhan Mantri Awas Yojana (PMAY), a total of 12,27,088 affordable houses for the Economically Weaker Sections in urban areas have been approved with Central assistance commitment of Rs.19,682 crore.
Post
Ministry of Defence pushes for use of solar power
The Ministry of Defence's defence estates department is likely to make off-grid solar power provisions mandatory for large buildings, with provisions for incentives in the form of rebates and space exemptions in order to encourage solar power.