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.
Category: Warehousing & Logistics
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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.
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IWS 2016 | A Success Story
The India Warehousing Show 2016 was a great success story. Pragati Maidan was the destination for supply chain professionals from all over the country from 8th to 10th June 2016. There was tremendous buzz in social media over the event, due to the enthusiasm of the participants
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VRL Logistics to start regional airline
The promoters of VRL Logistics are planning to start a regional airline. Company chairperson Vijay Sankeshwar and MD Anand Sankeshwar would set up a separate company to launch it.
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Keen to invest in India: Maersk
Maersk wants to expand in India. ¨We are very keen to invest. We invested $1 billion in acquiring a group of 11 ports based in Spain that is illustrative of our growth.
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Allcargo to set up a logistics park in Haryana
Allcargo Logistics plans to set up a logistics park in Jhajjar district of Haryana, mainly to cater to the growing container traffic in the northern parts of the country. 'Allcargo has in-principle approved setting up a logistics park in Haryana.
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DFC will give a major boost to last mile connectivity
Anil Kumar Gupta, Chairman & Managing Director, CONCOR, expects a significant progress in the Indian logistics sector and highlights the expectations from the government initiatives.