SUSTAINABLE LOGISTICS
Battery tech startup Dreamfly Innovations raises Rs 12 crore from Avaana Capital, others
The company intends to use the new capital to establish a manufacturing facility, grow its team, and speed up research and development of its battery solutions. Dreamfly focuses on creating battery solutions for drones, aviation, and aerospace, with a particular emphasis on agriculture, terrain mapping, surveillance, and logistics applications.
Budget 2025: A big boost for India’s industrial and logistics sectors
Budget 2025 sets the stage for a significant transformation in India's industrial and logistics sectors, highlighting the toy manufacturing industry. Key initiatives like PM Gati Shakti and infrastructure upgrades are poised to reduce logistics costs, boost efficiency, and drive demand for warehousing and storage, propelling India towards becoming a global manufacturing hub.
Budget a pivotal opportunity to strengthen India’s business and enterprise, say experts
With Nirmala Sitharaman all set to present her Budget, millions of small businesses in the country would be pinning their hopes on the FM to provide incentives and measures to kick-start sluggish growth.
Budget 2025: 'Prioritise incentives for logistics sector to promote integration with global markets'
Ahead of the Union Budget, Mahindra Logistics MD Rampraveen Swaminathan emphasizes the need for infrastructure investments and incentives to boost India's logistics sector. He highlights enhancing global connectivity, adopting green logistics, and formalizing gig economy employment as critical measures for fostering global competitiveness and innovation.
India handles only 1.4% of global tonnage, Can Budget provide a boost to the logistics sector?
The logistics sector has high hopes for the Union Budget 2025, with experts seeking targeted measures to address existing challenges and unlock the sector’s potential as a leading player.
Messe Stuttgart India partners with Startup India for LogiMAT India 2025
LogiMAT India 2025, in collaboration with Startup India, aims to revitalize the sector by showcasing innovations and fostering investor trust.
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Adani & JSW among big names lining up for insolvent supply chain and logistics infrastructure firm Arshiya
Adani Ports and several other companies are interested in acquiring Arshiya Ltd, a logistics firm under insolvency, for its strategic assets including free trade warehousing zones and a large container yard. The company's liabilities exceed ₹6,647 crore, making it a notable target in India's booming logistics sector.
First-ever India logistics MBO: LOGOS team acquires $1 billion assets in two countries
A consortium led by Trent Iliffe has acquired LOGOS Vietnam and India business for $100 million. This deal includes assets under management of nearly $1 billion and marks the first management buyout involving an Indian logistics portfolio, positioning for expansion after the non-compete clause expires in mid-2026.
Adani calls Kumbh blueprint for sustainable civilisation
Gautam Adani visited Maha Kumbh Mela, describing it as a blueprint for sustainable civilization and highlighting its impact on human consciousness. He emphasized the significance of India's soft power, true legacy, and leadership through service. Adani stressed the importance of the Kumbh Mela's principles in creating inclusive growth, sustainable resource management, and harmonious mass collaboration.
Union Budget: Manufacturing sector calls for pro-local manufacturing policies, GST reductions, and tax reforms
Industry players urge the Union Budget 2025-26 to include policies that boost local manufacturing, reduce GST on consumer durables, and provide financial incentives for the PLI schemes. They emphasize sustainable manufacturing, tax exemptions, and measures to enhance disposable incomes and consumer spending.
Budget 2025 may prioritize Railways over Highways, says Nuvama Report
Union Budget 2025-26 is set to prioritize railways over the highways. Railways are likely to receive increased allocations, promoting environmentally sustainable and cost-effective logistics. India's rail freight share has declined over the decades, but improved rail infrastructure aims to enhance its role in freight transport, reducing reliance on road transport.
Jupiter Electric Mobility joins hands with logistics operator Porter for Udaan programmme
Jupiter Electric Mobility has partnered with logistics operator Porter for its Udaan programme to support small entrepreneurs and drivers in the electric logistics segment. The collaboration will guide drivers in purchasing the Tez electric vehicle and help them scale operations, increasing earnings while contributing to a sustainable logistics ecosystem.
Buy VRL Logistics, target price Rs 655: ICICI Securities
ICICI Securities recommends buying VRL Logistics with a target price of Rs 655. VRL, a Small Cap company in the Logistics sector, reported a significant revenue increase. Their income for the quarter ending September 2024 rose 8.09% from the previous quarter and 12.11% year-on-year. Promoters hold 60.24% stake in the company.
Maharashtra: The state that means business at Davos
Maharashtra is set to showcase its economic success at the World Economic Forum, emphasizing sustainable growth, robust infrastructure, and dynamic policies. With strong industrial transformation initiatives and a commitment to green and efficient practices, Maharashtra aims to attract global investments and drive India's economic growth. Emerging regions and future-focused developments further highlight its potential for exponential growth.
Demand for industrial, warehousing spaces hit record of 645 lakh sq ft in 2024: Savills India
In 2024, demand for industrial and warehousing spaces in major Indian cities surged to 645 lakh square feet, driven by sectors such as e-commerce, manufacturing, and third-party logistics. Savills India reported a 30% increase in leasing, with significant growth in Tier-I cities. Fresh supply also rose by 16%, pointing towards continued expansion in 2025.
Hindalco to replace diesel vehicles with EVs across all plants in India
Hindalco Industries plans to replace diesel with electric vehicles at all its plants in India to achieve net-zero carbon emissions. At the Aditya Aluminium plant in Odisha, the company has introduced EVs for fly ash transport and set up EV recharge stations, aiming to reduce 3,500 tonnes of CO2 emissions and save Rs 1.5 crore in freight costs.
Rail operators likely to post double-digit growth in FY25: Ind-Ra
India's logistics industry, including rail operators, warehousing, and sea transport, is forecasted for substantial growth in FY26. The National Logistics Policy and PM Gati Shakti initiatives will enhance connectivity and interdisciplinary coordination. Private investments in infrastructure will support market expansion and profitability, though competition remains intense for container freight stations.
Five boosts India’s EV industry needs from Sitharaman’s budget to shift into top gear
India's 2025 Union Budget is anticipated to drive the growth of the EV sector by addressing key needs such as expanding charging infrastructure, offering financial incentives, enhancing grid infrastructure, and supporting local manufacturing. These measures aim to promote widespread EV adoption and position India as a leader in electric mobility.
Blue Dart launches integrated logistics hub in Delhi
Blue Dart has launched an integrated logistics hub in Bijwasan to enhance air and ground connectivity in northern India. Strategically located near major transportation infrastructure, the hub supports sustainable logistics with solar power installations and advanced cargo handling capacity. The facility reflects Blue Dart's commitment to sustainability and efficient freight movement.
ReNew is committed to ensuring 30% women in its workforce by 2030: Vaishali Nigam Sinha, co-founder and chairperson of sustainability at ReNew
ReNew Energy Global Plc has secured the highest score in the S&P Global Corporate Sustainability Assessment in the Indian power sector. The company scored 71 out of 100. ReNew is also addressing skill gaps and improving women's participation. Efforts include training programs, mentoring, and initiatives like Project Surya and Green Tech Accelerator.
Ahead of Market: 10 things that will decide stock market action on Tuesday
India's benchmark indices fell sharply, with Sensex down 1.59% and Nifty 1.62%, driven by broad-based selling and cautious investor sentiment over Human Metapneumovirus (HMPV) cases and global economic uncertainties, including the Fed's hawkish stance and strong dollar.
States must develop action plans for better logistics to attract investments: Piyush Goyal
Union Minister Piyush Goyal emphasises the need for action plans by States and private sectors to enhance logistics and attract investments. He highlights the importance of regional and city-level logistics plans, green logistics, workforce inclusivity, new technologies, and skill development to drive future success.
13 states, UTs among 'achievers' in logistics performance index: DPIIT report
Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, and Delhi are among the 13 states and Union Territories categorised as "achievers" in the logistics index chart 2024 by the Commerce and Industry Ministry. The index, which assesses efficiency in logistics services, aims to enhance trade and reduce transaction costs across states.
Adani's Mundra port welcomes its first-ever LNG-Powered Vessel
Adani Ports Mundra welcomed CMA CGM Fort Diamant, the first-ever LNG-powered container vessel to dock at its Container Terminal-CT4. The ship's arrival reflects the port's commitment to sustainability and innovation. Mundra Port, India's largest, is equipped with modern infrastructure to handle large vessels, supporting global trade and reducing carbon emissions.
Integration of industry, govt platforms can improve logistics: Piyush Goyal
Commerce and Industry Minister Piyush Goyal urged for complete industry-government integration on logistics platforms to boost efficiency. He emphasized green logistics through sustainable practices, adopting electric mobility and biofuels to reduce carbon footprint. Goyal also advocated skill development and AI/data analytics use for minimizing time and cost overruns.
IFC anchors first sustainability-linked bond issued by NDR InvIT Trust to bolster green warehousing
IFC has invested $75 million in NDR InvIT's sustainability linked bond (SLB), marking the first such investment in India's warehousing sector. The funds will be used to expand warehousing operations, enhance infrastructure, and promote sustainable practices. This investment aligns with India's growing demand for warehousing space and its focus on sustainable development.
Magenta Mobility to add 10,000 EVs over next fiscal; to expand to new cities
Magenta Mobility is set to expand its electric vehicle fleet by 10,000 three- and four-wheelers in the next financial year. The company is broadening its reach to new cities and focusing on four-wheeler cargo vehicles for intercity and interstate logistics. Successful trials demonstrate the viability of EVs for longer routes, exceeding traditional range limitations.
UltraTech Cement Limited becomes India's first cement company to use inland waterways for gypsum transport
UltraTech Cement transported mineral gypsum via National Waterway 1. This is a first for an Indian cement company. The shipment traveled from Haldia to Patna. This initiative reduces carbon emissions. It also eases congestion on roads and railways. UltraTech aims to achieve Net Zero emissions by 2050. The company previously used waterways to transport phosphogypsum.
ADB approves $350 mn loan to enhance India's logistics and exports
The Asian Development Bank has approved a $350 million loan to bolster India's logistics sector. This funding supports government initiatives like the PM Gati Shakti plan and National Logistics Policy, aiming to modernize infrastructure, streamline processes, and integrate digital technologies. These improvements are expected to boost manufacturing competitiveness, create jobs, and promote economic growth.
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