The COVID-19 pandemic-induced lockdown coupled with other restrictive measures to contain the disease has adversely impacted the prospects of the Indian logistics sector, especially the road freight transportation movement, rating agency ICRA has said in a note.

The upgrade of Jabalpur airport will result in the new terminal building getting equipped with world-class passenger facilities and the capacity to handle 500 passengers during peak hours. As an important tourism and business centre in central India, the town of Jabalpur is witnessing a steady increase in passenger traffic.

The launch of the Society for Affordable Redressal of Disputes-Ports (SAROD-Ports) is a much-needed alternative step to resolve and reduce the disputes in the ports sector in less time and a cost-effective manner, according to the rating agency ICRA.

Union Minister for Road Transport and Highways & Micro, Small and Medium Enterprises (MSMEs), Nitin Gadkari laid the foundation stones for 45 highway projects for the state of Madhya Pradesh through video conference on Tuesday.

Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari laid the foundation stones for 13 highway projects and inaugurated a road safety project in the North-Eastern State of Manipur through video conference on Monday.

Investment information and credit rating agency, ICRA has revised the outlook on the logistics sector from ‘Stable’ to ‘Negative’ given the prevailing circumstances and its near impact on the industry metrics.

Union Minister for Road Transport, Highways & Micro, Medium and Small Enterprises (MSMEs), Nitin Gadkari inaugurated the upstream carriageway of Mahatma Gandhi bridge over River Ganga through video conference in Bihar on Friday.

While a sustained low-interest-rate regime is a challenge for operational HAM projects, the bank rate is expected to remain at low levels as the RBI monitors the situation to revive growth and mitigate the impact of COVID-19.

The National Highways Authority of India (NHAI) had expected to construct about 500km of roads in March, but that could not happen after the COVID-19 pandemic forced a nationwide lockdown.