The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
Category: Warehousing & Logistics
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Jayem Logistics
Most of the start-up stories that make it to the front page depict an entrepreneur under the Bodhi tree having a vision or brainwave that presents itself in the form of an answer to a persistent question. However, on the other side of the mountain are the entrepreneurs who gather years, even decades, of intel on an issue, through observation, trial and error, and, in order to provide a solution that is current, state-of-the-art and right on the money.
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Building Logistics in India
Logistics infrastructure is a critical enabler of India's agenda for economic development and urbanisation. Recognising its pivotal role, the Indian government has tripled annual spending on logistics infrastructure over the past seven years.
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The Post GST Logistics of BIGGER WAREHOUSING
India´s burgeoning logistics and warehousing sector is set for an explosive growth trajectory, in the wake of the implementation of the Goods and Services Tax (GST) regime.
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The Indian logistics sector has come of age
The warehousing sector has seen minimal growth in India during the past decade or so. However, the last four-five years have been eventful for the sector which has witnessed a tremendous surge in business activities and foreign investments.
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The warehousing sector is going to experience a sea change in its structure
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.
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Allcargo Q2 gross profit dips by 2percent to Rs.452 crore
Allcargo Logistics Ltd has announced its unaudited financial results for the quarter ended September 30, 2016.
Total revenue from operations was Rs.1,410 crore for the quarter ended September 30, 2016, as compared to Rs.1,456 crore for the corresponding previous period, a decrease of 3 per cent.
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Allcargo Q2 gross profit dips by 2%to Rs 452 crore
Allcargo Logistics Ltd has announced its unaudited financial results for the quarter ended September 30, 2016.
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Logistics hubs planned near ports
The Indian government is setting up logistics hubs near sea ports with private sector participation to address several challenges related to receiving shipments and also inland transportation of goods.
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Centre to be 50% shareholder in multimodal hubs
The Government of India will be a 50 per cent share-¡holder in the proposed multimodal logistics hub and the multimodal transport hub, which are part of the Delhi-Mumbai Industrial Corridor (DMIC) project at Greater Noida.