The govt has identified 400 ports and shipping projects for private sector investment

Minister of Railways and Commerce & Industry, Piyush Goyal on Monday has directed senior officials the Dedicated Freight Corridor Corp. of India Ltd (DFCCIL) to initiate measures to speed up construction of dedicated freight corridors compensate for the time lost due to the COVID-19 pandemic.

Welspun One Logistics Parks (WOLP) launched its maiden 110-acre Grade-A warehousing park with a leasable area of 3.2 million sq. ft and an estimated investment of Rs 9 billion ($120 million) in Bhiwandi, a key warehousing market in the Mumbai Metropolitan Region (MMR), India’s largest consumption centre.

The need of the hour in the ports and shipping sector is higher benchmarks and aggressive embracing of digitalisation and advanced state-of-the-art technology.

The progress on projects such as Dedicated Freight Corridors (DFCs), high-speed rail and redevelopment of railway stations is likely to mark a paradigm shift in the country's railways sector.

With the pace of electrification of the entire Indian Railways network getting accelerated, Siemens is looking at making the most of the opportunity in fuelling mobility and connectivity.

The year 2018 has been a significant one for the logistic and shipping sector in India.

By fiscal year 2023, India will be looking at a whopping investment requirement of Rs 38.6 trillion in the infrastructure sector. Over a period of time, the government spending has completely overshadowed private sector investment which was 37 per cent in 2008, and a gradual downward curve between 2013 and 2017 was witnessed.

Adani-led Adani Ports and Sanjana Jindal-lead JSW Infrastructure have shown an expression of interest (EOI) in the debt-laden Dighi Port.