The Indian road logistics industry is expected to clock a high single-digit growth this fiscal on an elevated base of the previous year, ICRA report said. The credit ratings agency also expects the demand momentum to continue in FY24, aided by stable domestic consumption and investment demand, ICRA added. The Indian road logistics industry’s revenue growth is pegged at a high single-digit on an elevated base of FY2023, Icra said, adding that the outlook is stable. The downside risks to the estimates remain from any material tapering of demand due to high inflationary and interest rate regime, the emergence of any further Covid waves, or a sub-par monsoon impacting the overall economic health, given its strong linkage to economic activity on an aggregate basis, it said.According to ICRA, quarterly revenues for the logistics sector witnessed a marginal contraction of 2 per cent in Q3 FY23, compared to the earlier quarter of the same year.

Air Cargo Consolidation Facility Centre launched at one of the leading Industrial Hub in Goa (Verna) in collaboration with GMR Cargo (GMR Goa Air Cargo) and Amber Airways Cargo. It is one of its kind unique Logistics initiatives extended to facilitate the industry stakeholders for making seamless Air Cargo transportation. Amber Airways Cargo announced its commencement of Consolidation Services from Verna (Goa) on schedule Road Feeder Transportation with all facilities like Truck Dock, Storage, Loading unloading base, fully secured CCTV surveillance with GPS tracking of Road Feeder Transportation & Handling equipment which makes it a game changer to plug the challenges of transporting goods connecting South Goa to North Goa and its nearby catchment areas. This in turn would enable the forwarders to significantly reduce the transportation cost associated along with hassle free and seamless cargo movement. This is the first steppingstone to achieve the vision of reducing Transportation cost and easy multi-fold network connectivity joining small & big consignments along with commercial viability. T. Purushottam Singh, Business Head of GMR Goa Air Cargo speaks, “With the development of transportation services, there would be an immense scope of diversion of International Cargo which is going through surface to air. MoPA would provide a platform wherein cargo movement to Mumbai & Bangalore via road would see them land up at GOX and reach their destination in most convenient way. Goa and its adjacent areas play a significant role in the pharmaceutical industry. Around 60% of the cargo volume shipped from Goa airport consists of Pharma products. Under such environment, progressive strategy for handling Pharma shipments is the need of the hour. These are temperature controlled critical products with high value in …

Etihad Cargo, the cargo and logistics arm of Etihad Airways, has signed a memorandum of understanding (MoU) with China’s SF Airlines to expand network. The MoU will enable the UAE’s national carrier to expand its reach into China via SF Airline’s extensive in-country network,” said an official release from Etihad. The partnership will provide Etihad Cargo’s customers with greater connectivity to 25 domestic destinations in China via SF Airlines’ road feeder service trucking network, further enhancing Etihad Cargo’s capabilities in the region, the release added. This MoU is the latest step by Etihad Cargo in expanding its operations in China and will see the carrier utilising SF Airlines’ Chinese network to transport cargo to other destinations in China via the Chinese carrier’s Hubei Province mega hub. Etihad Cargo will operate the flights on a Boeing 777 freighter with services commencing on April 28, 2023 in line with this partnership. Martin Drew, Senior Vice President, Global Sales & Cargo, Etihad Airways says: “Etihad Cargo is committed to establishing partnerships that add value to customers across the supply chain. Strengthening the connection between Abu Dhabi and and one of SF Airlines’ major Chinese hubs will enable Etihad Cargo’s customers to benefit from SF Airlines’ exhaustive distribution capabilities in China, and SF Airlines will reap the benefits of Etihad Cargo’s global network for its express product. Etihad Cargo is committed to the country’s ambitious growth vision, and this partnership supports the further development of Abu Dhabi as a major logistics and express hub for the region.”

ESR Group has acquired 38 acres of land in Gujarat and will invest Rs 400 crore to develop an industrial and warehousing park. The project, located at Sanand in Gujarat, will have a development potential of 1 million square feet, the company said. ESR Group will invest about Rs 400 crore for construction and development. This will be ESR’s second investment in Gujarat. It had made its first investment at Jalisana, a 37-acre project. Abhijit Malkani, the CEO of ESR India, said this new park will add to the state’s flourishing industrial ecosystem. “Gujarat attracts one of the highest foreign direct investments in India and is currently turning into an EV (electrical vehicle) battery manufacturing and assembly centre,” he said. The availability of Grade A infrastructure in a strategic location like Sanand is essential for the region’s industrial growth and will add to its EV manufacturing capacity, Malkani said. ESR said there are 25 multinational and 300 domestic companies in this region across various sectors, including automobile, auto ancillaries, FMCG, engineering, plastics, packaging, and electronics. This project aims to create a focused space for established and emerging EV manufacturing and ancillary units to expand their presence in Ahmedabad, the company added.

Ashok Leyland, the Indian flagship of the Hinduja Group, has recently received an order of 1560 trucks from VRL Logistics Limited (VRL), the company announced through an exchange filing. This order is for AVTR 3120 and AVTR 4420 TT models of Ashok Leyland. These trucks have all the advanced features to bring more efficiency and profitability to VRL’s expanding fleet. Sharing his views on the order, Mr. Shenu Agarwal, MD & CEO, Ashok Leyland, said, “VRL Logistics and Ashok Leyland have a longstanding association which is beyond the usual customer-OEM relationship. Over the years VRL has worked very closely with us in developing new products and features suited to emerging needs of customers in the logistics industry. VRL has been pioneering and the most enterprising fleet operator in our country. We take this opportunity to thank them for choosing us to be their partners of choice in growth. With this fresh order, our relationship has only become deeper and stronger.”

To expand pharma storage capabilities, Etihad Cargo is launching a state-of-the-art cool chain facility at Abu Dhabi Airport. “Established in partnership with Etihad Airport Services Cargo and Abu Dhabi Airports, our new pharma facility will double Etihad Cargo’s cool chain capacity to carry and accommodate an additional 50,000 tonnes of cool chain commodities, including pharmaceuticals and life sciences products. The pharma hub will support the growing global healthcare and life sciences demand. Etihad Cargo is also working more closely than ever before with partners to more efficiently manage pharma logistics, so we can create a more robust pharma ecosystem and ensure a more reliable global pharma supply chain,” told Fabrice Panza, Manager Global Cool Chain Solutions, Commercial, GDP Pharma Manager, Etihad Cargo. Etihad Cargo is working closely with the Department of Health, customs, the police, ground handling partners and freight forwarders to launch initiatives such as the Pharma Corridor 2.0 – a fully compliant origin-to-destination pharma air corridor – and dedicated long-term storage areas, such as KEZAD – a premier economic zone for life sciences located in Abu Dhabi that hosts many pharmaceutical manufacturers, life science businesses, laboratories, packing businesses and supporting services. “We are also enhancing our IATA CEIV Pharma-certified PharmaLife product, launching innovative features and utilising technology so our partners and customers can be confident their temperature-sensitive pharmaceutical products are being shipped reliably. We have also recently announced the launch of dedicated thermal covers, which are helping Etihad Cargo to mitigate environmental risks during the transportation of pharmaceuticals between the cool chain facility and aircraft and handover moments,” he added.

The Indian refrigerated warehousing Market is expected to reach a value of USD 36.87 Billion and registering a CAGR of 10.50% from 2022 to 2029, says reports. The rise in consumer demand for perishable foods is driving the global refrigerated warehousing market. Furthermore, the advancement of solid retail channels and the growing need for food safety and taste consistency are some macroeconomic factors that positively impact the worldwide refrigerated warehousing market, added report. Another factor, including growing government support for infrastructural advancements in the refrigerated warehousing sector will cushion the market’s growth rate. Additionally, the rise in the adoption rate of refrigerated warehousing systems by various food and beverage industries will escalate the refrigerated warehousing market’s growth rate. Another significant factor responsible for the expansion of the refrigerated warehousing market is government authorities’ increasing investment level to develop sustainable cold chain infrastructure. • This refrigerated warehousing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on refrigerated warehousing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Union Minister for Road Transport and Highways, Nitin Gadkari said that five to six logistics parks will be set up in Maharashtra on behalf of his ministry. He said construction of dry ports at Jalna and Wardha was complete and work on similar ports in Nashik and Pune was being undertaken. The minister was speaking at the 11th Biennial International Conference on Ports, Shipping and Logistics. Gadkari said passenger water transport between Mumbai and Goa would be a game-changer in the region as it is very cost-effective compared to road and rail transport. The cost of transport would further come down if alternative fuels are used. The Union government has started work on 36 green highway projects, and it is paying more than the market value as compensation for land acquired for them, he claimed. That’s why land acquisition is no longer a problem when it comes to highway projects. We are working to reduce logistics cost to 9% by 2024. it is currently 14-16%. Better roads and lower logistics costs will help in enhancement of trade business and industry,” Gadkari said.

KSU Aviation and Celebi Aviation Holding, shareholder and partner in the TaxiBot India project to associate with Air India and complement Mr Campbell Wilson MD and CEO Air India for his commitment for the environment and his vision to lead Air India towards the adoption of innovative sustainable solutions and is a reflection of the commitment of the TATA group an Industry leader towards reducing CO2 emissions, said an official Linkedin post. With this announcement by Air India along with its subsidiaries to adapt to TaxiBoting would lead the world ,in the area of Sustainable Taxiing , motivating Airlines in India and the World over to follow Air India in its path to reduce the CO2 emissions through the use of TaxiBot. Today India is the only country world over where TaxiBot operations are being performed on a regular commercial basis , KSU Aviation is on its way to almost completing 3000 TaxiBot missions in India and through this will be contributing to reducing some 1800 Tons of CO2. “We would like to thank Mr Arun Kashyap, Capt Sandhu Mr Raminder Singh ,, Capt Gupta , Capt Dhaliwal for their support and guidance throughout . we would also like to thank DIAL Delhi International Airport, BIAL Bangluru International Airport , Director General Civil Aviation India DGCA, Airports Authority of India AAI , ATC and our partner Airlines , Air India ,Spice Jet , Jet Airways, Air Asia India , Air India Express, Blue Dart , Quik Jet for all their support and vision to associate with us. We would also like to extend our appreciation towards TLD and IAI the manufacturer of the TaxiBot and the support of SAS Smart …

Cargo transit and transhipment between Northeastern India and Bangladesh via Chittagong port will begin soon, according to the neighbouring country’s Minister of State for Shipping Khalid Mahmud Chowdhury. Tripura is set to become the “Gateway of the North East,” with access to Bangladesh’s Chittagong port, which is only 70 kilometres from Sabroom in the northeastern state,” he said. “We are ready to begin transit and transhipment of goods between Bangladesh and India’s northeastern region through Chittagong.” Trial runs have been completed, and all immigration and customs formalities on the Bangladesh side are also complete,” Chowdhury said. The National Board of Revenue will The National Board of Revenue will issue the Statutory Regulatory Order (SRO) required for cargo movement from Bangladesh to India. “This is, however, awaited for the time being,” said the minister.