Cargo Breaking News

IndoSpace enters Gujarat with INR 650 crore investment

IndoSpace has forayed into Gujarat with the launch of its park in Bavla, near Ahmedabad. The cutting-edge industrial and logistics park on the Ahmedabad-Rajkot national highway is spread across 47 acres. It is located close to the industrial hubs of Sanand and Changodar, and has easy access to Kandla and Mundra ports. The facility will help IndoSpace move towards its goal to build a pipeline of 120 million sqft of modern logistics infrastructure to support the growth and modernisation of India’s supply chain. With GST and growth in e-commerce, India’s warehousing and light industrial manufacturing is demanding new capacity with large-scale, state-of-the-art infrastructure and locational advantages. Accordingly, IndoSpace is planning to build two more logistics parks in Gujarat. “The Bavla industrial park not only marks our foray into Gujarat, it also shows our clear determination to strengthen our leadership in the light industrial manufacturing space. We plan to invest Rs 650 crore in new parks across Gujarat. Upon completion, the projects are expected to generate employment for more than 10,000 people directly and indirectly,” said Rajesh Jaggi, Managing Partner, Real Estate, Everstone Group.

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E-way bill to soon be integrated with NHAI’s FASTag to track GST evasion

To check Goods & Services Tax (GST) evasion, the government is planning to integrate the GST e-way bill system with the National Highways Authority of India’s (NHAI’s) FASTag mechanism, from April. The revenue department has set up an officers’ committee to integrate the e-way bill, FASTag, and DMIC’s Logistics Data Bank (LDB) services, after consultation with transporters. “It has come to our notice that some transporters are doing multiple trips by generating a single e-way bill. Integration of the e-way bill with FASTag would help find the location of the vehicle and when and how many times it has crossed NHAI’s toll plazas,” an official told PTI, adding that the integrated system on an all-India basis was planned to be rolled out from April.

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Government releases national air cargo policy at Global Aviation Summit in Mumbai

The government unveiled its much-awaited national air cargo policy at the Global Aviation Summit in Mumbai. The policy, aimed to bring down the cost of air logistics, seeks to make India one of the top five air freight markets by 2025, besides creating air transport shipment hubs at all major airports over the next six years. It states that international cargo comprises 60 per cent of the total air cargo tonnes handled in the country, logging a growth of 15.6 per cent in the previous fiscal, while domestic cargo grew by over eight per cent, which reflects the skewed modal mix, in which roads account for over 60 per cent of cargo transportation as compared to the global average of around 30 per cent. The policy will also encourage code sharing/inter-line agreements between foreign and Indian carriers.

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Saurashtra Freight plans to invest Rs3500 million in three years

Consolidating its position in the logistics ecosystem, Saurashtra Freight is looking for strategic acquisitions with a vision to unlock the business potential of the logistics industry in India as well as grow and expand its organisation’s value, assets and presence. The company plans to invest an amount ranging from Rs50 million to Rs1,000 million in companies in the field of logistics, warehousing, transportation and other relevant sectors associated to freight industry. The organisation aims to invest up to Rs3500 million in the next three years to fuel its growth in the industry. Raghav Agarwalla, Managing Director, Saurashtra Freight, said, “We are very optimistic of the logistics sector in India and the untapped growth potential. Being a well-capitalised, debt-free balance sheet along with Fairfax’s backing gives us the edge to consistently invest in sustainable and free cash flow generating businesses.’’

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Çelebi Aviation wins ground handling license for Hyderabad International Airport

Ground handling services provider, Çelebi Aviation Holding, has won the ground handling license for Hyderabad’s Rajiv Gandhi International Airport (RGIA) for 10 years through an international competitive bid process. This is the third win for Çelebi since last year, after winning the licenses for the Bengaluru and Kannur airports. The company plans to make an investment of $5-6 million at the airport. Murali Ramachandran, Chief Executive Officer (CEO), Çelebi Aviation Holding Inc India, said, “The year gone by was a very important year for Çelebi as it marked the 10th anniversary of our India operations. Our partnership with RGIA is an important benchmark in our decade long journey as it sets another milestone towards our efforts of strengthening our presence and commitment in the India aviation market.”

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Concor to start weekly coastal operations

The maiden coastal voyage of a vessel of Container Corporation of India (Concor) was flagged off by Nitin Gadkari, Union Minister for Shipping, Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation and Piyush Goyal, Union Minister for Railways and Coal from Kandla through video link from Delhi on January 10, 2019. The vessel SSL Mumbai is sailing from Kandla Port to Tuticorin via Mangalore and Cochin. This is a unique example of multi-modal logistics solution through integrated rail and coastal movement. With this CONCOR will start coastal movement of containers as a weekly service on this route, moving about 1400 containers. Gadkari expressed confidence that this modal shift in the logistics chain was an important beginning that would help to bring down logistics costs and make Indian goods more competitive in the global markets in the very near future.

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SpiceJet launches air cargo service from Guwahati

SpiceFresh launched a dedicated freight service to transport fresh produce. To mark the occasion, two flights flew one tonne each of mandarin oranges from Guwahati International Airport (GAU), to Hong Kong (HKG) and Dubai (DBX), according to a Twitter statement from the Airports Authority of India (AAI). Chandra Mohan Patowary, Industries and Commerce minister, said, “He hoped that the mandarins produced in Assam and Arunachal Pradesh will brighten the future for these states in terms of exporting agri-horti produce from north-eastern states. Authorities from SpiceJet said that its flights will go to Hong Kong with 18 tonnes of freight between Guwahati and Kolkata daily, while both the Hong Kong and Dubai routes will be connected via the company’s international network.

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Global delegation from 36 countries visit JNPT

Jawaharlal Nehru Port Trust (JNPT) organised a port study-tour for the largest global congregation ever to visit any port in India. The congregation included 38 government officials from 36 countries, who are part of the Global Strategic Growth Leadership & Sustainable Development program initiated by ITEC with the support of the Ministry of External Affairs (MEA). Neeraj Bansal, Chairman-in-Charge, JNPT, said, “India is a significant contributor to the global container cargo business and JNPT has been the driving force behind this growth, accounting for around 53 per cent of the total containerised cargo volume, across the major ports of India. We are delighted to have government officials from so many countries coming together, here, to understand our role in the global perspective. Such collaborative efforts help in promotion of trade between India and the rest of the world which will give a fillip to Indian economy.” The delegates represented host of nations like, Trinidad & Tobago, Cuba, Iraq, Srilanka, Nigeria, Colombia, South Africa, Egypt, Guinea, Peru, Kenya and Vietnam.

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Adani Ports delivers 50 US-made GE locomotives to Indian Railways

According to a PTI report, Adani Ports and Special Economic Zone (APSEZ) has concluded the import and delivery of 50 GE locomotives from US to Indian Railways. All the 50 locomotives were manufactured by GE or the General Electric Division in US, which is an American multinational conglomerate, and the locomotives had been imported to Mundra port. APSEZ dispatched 50 GE locomotives from Mundra port for the Indian Railways. This is a first for Indian shipping and logistics, Adani Ports said.

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JNPT organises five-day training on ‘Engineering & Procurement’

JNPT (Jawaharlal Nehru Port Trust) has organised a five-day seminar on ‘Engineering & Procurement’ as part of its industry skill development initiative. Commenting on the programme, Neeraj Bansal, IRS, Chairman-in-Charge, JNPT, said, “We started the JNPT APEC Training Centre with an aim to provide timely skill and knowledge upgrade to port professionals so they would be abreast with the latest trends in the industry. This will thus enhance the overall efficiency and quality of the port services across India and Asia.” The seminar will focus on all engineering aspects related to the port and an in-depth understanding into workings of procurement and their importance in port strategy.

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