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

Even as free joyrides are being extended to Nagpurites on the 5-kilometre stretch from the Airport South to Khapri on the Nagpur metro rail before its formal inauguration, the federal government has plans to extend the service to the city’s outskirts using the existing broad-gauge railway tracks.

Nandan Yalgi, Managing Director, Boxco Logistics India Pvt Ltd, lauds the efforts of the Ministry of Shipping in launching port-led development projects that will eventually bring down logistics costs across the country.

Paradip Port Trust (PPT) will have a 51 per cent stake in the heavy haul rail corridor proposed by Indian Port Rail Corporation Ltd (IPRCL). The corridor would connect Salegaon (Maharashtra) with Paradip port.

Odisha has confirmed 10 per cent equity participation in the Special Purpose Vehicle (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port.

In an initiative to ensure faster evacuation of cargo, Visakhapatnam Port Trust and National Highway Authority of India will take up Rs 100 crore port connectivity road widening project.

Pipavav Railway Corporation Ltd (PRCL), a joint sector company of the Ministry of Railways and Gujarat Pipavav Port Ltd (GPPL)

Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL). The dividend is a historic first for Indian Railway's flagship infrastructure company under public-private partnership (PPP). The dividend cheque for the current financial year was handed over to Dinesh Lal, director of APM Terminals Pipavav by Pankaj Malviya, MD of PRCL.

Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL) on October 23 at Mumbai. The dividend is a historic first for Indian Railway's flagship infrastructure company under Public Private Partnership (PPP).