The strategy of the venture, to be known as the LOGOS India Logistics Venture (the Venture), is focused on developing and owning high-quality, modern logistics facilities in targeted cities across India and will have up to $800 mn in investment capacity.
Category: Warehousing & Logistics
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India Warehousing Show 2017
Covering every facet of warehousing and supply chain industry, the 7th edition of India Warehousing Show welcomed over 8,448 visitors, an unprecedented increase from 2016 and displayed over 200 exclusive exhibitors.
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Tata Motors expects 15% growth in CV exports
IndiaÂ’s largest commercial vehicles maker Tata Motors expects to ship at least 15 per cent more trucks and buses this financial year as it hopes to export at least half of its banned BS-III inventory.
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TVS MotorÂ’s Q4 profit down 7% to Rs 127 crore
TVS Motor has reported a 6.80 per cent decline in net profit at Rs 126.77 crore for the quarter ended March 31, 2017. It had reported net profit of Rs 136.03 crore in the corresponding quarter of the previous year.
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Allcargo signs MoU with Maharashtra State Skill Development Society
Allcargo Logistics’ CSR arm has signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7,400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of work under its skilling initiative ‘Nipun’ and would substantially contribute to the Government of Maharashtra’s Skilling Maharashtra Mission.
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Food Processing Industries Minister emphasises need to set up integrated cold chain projects
Minister of Food Processing Industries Harsimrat Kaur Badal has held an interaction with promoters of newly-allotted integrated cold chain projects in New Delhi. Addressing them, the minister emphasised the need to set up integrated cold chain projects “on war scale” in the country for all-round development of India and for fast-tracking transformation of the Indian economy.
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CV growth to moderate to 5-6percent in FY2017 | ICRA
The domestic commercial vehicle industry growth has moderated from 11.5 per cent growth in FY2016 to 3.5 per cent in the 11 months of FY2017, according to the latest report of rating agency ICRA. The sector is expected to close the fiscal with a growth of 5 to 6 per cent.
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BS-III ban may cost truck makers Rs 2500 crore | CRISIL
The Supreme Court mandated ban on sale and registration of BS III vehicles post April 1, 2017 is estimated to cost commercial vehicle manufacturers Rs 2,500 crore, according to CRISIL Research.
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Allcargo Logistics wins ‘Best Risk Management Practice’ award
Allcargo Logistics Ltd, a leading integrated logistics provider, has received an award for ‘Best Risk Management Practice’ in the category of Supply Chain (Logistics) at the 3rd India Risk Management Awards 2017 which was held at Taj Lands End, Mumbai.
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Motherson Sumi acquires auto parts maker PKC for Rs 4,000 cr
Motherson Sumi Systems (MSSL) has acquired Finland-based global auto component major PKC Group for approximately €571 million (over Rs 4,000 crore), a move that will help the group to expand its footprint significantly in the American and European commercial vehicle market segments, said the company in a statement. This is the 16th acquisition by MSSL since 2002.