Morgan Stanley Real Estate Investing (MSREI), a unit of Morgan Stanley, has partnered with Mumbai-based Prakhhyat Group, to develop a 0.7 million square feet Class A warehousing project at K Square Logistics Park in Bhiwandi near Mumbai. According to sources, it is investing Rs 300 crore in Prakhhyat which will develop the warehousing space. This marks MSREI’s entry in the Bhiwandi sub-market of Mumbai. With this, MSREI has now invested in over 5.6 million square feet of logistics assets across the country, it said.

Videh Kumar Jaipuriar, CEO, Delhi International Airport says, “The air cargo sector faces several challenges, each with its corresponding strategic response. Capacity constraints, driven by reduced passenger flight cargo space due to the pandemic, necessitate innovative partnerships and investments. Compliance with complex regulations, especially in security and customs, is maintained through continuous protocol updates. Mitigating volatile fuel costs involves exploring fuel-efficient technologies and sustainable aviation fuels. Economic uncertainty and geopolitical tensions emphasize the diversification of markets and services. Robust contingency plans and risk mitigation strategies counter supply chain disruptions. Talent shortages are tackled via training programs and attractive compensation packages. Security threats demand cutting-edge measures and staff training. Rapid changes in global trade policies are monitored and addressed through advocacy. These challenges, while testing, offer opportunities for innovation, sustainability, technology adoption, and strategic partnerships to fortify industry leadership.

Syama Prasad Mookherjee Port (SMP), also known as Kolkata Port is offering nearly 60 acres of its land for the state’s first multi-modal logistics park (MMLP), said official reports. Although there are 6-7 MMLPs proposed across the country to improve logistics infrastructure, none of them is in the port area. This makes the Kolkata project more attractive, as it is just 2km from the dock, the official reports added. “We have invited an e-tender-cum-e-auction for the allotment of the vacant land at Transport Depot Road, Hide Road Extension, and Sonapur Road, on a long-term lease of 30 years for setting up the MMLP. The base annual rent is Rs 21 crore. We have also kept a minimum guaranteed volume of cargo of one million tonne as part of the terms. This will help to attract more port users and benefit the Kolkata port, added reports.

Assam has shipped air cargo containing fruits, directly to Singapore for the first time in history. Singapore High Commissioner to India, Simon Wong said in a tweet that this is the first time that “a direct agro-export source” has been established from the Northeast of India to Singapore. The journey only takes 4.5 hours, which is a massive boon to help “double Northeast’s agricultural exports”, said Assam Chief Minister Himanta Biswa Sarma. Previously, the India and Singapore also piloted the first live paperless transaction using the Trade Trust platform, another landmark moment to digitally connect the two nations.

Satyaki Raghunath, Chief Strategy and Development Officer, BIAL says, “India’s trade prospects are hindered by inadequate infrastructure such as airports, roadways and logistics facilities. These factors affect the efficiency of cargo movement and trade operations. To become a trade hub, India needs to invest in infrastructure development and modernization, improve connectivity and reduce logistical bottlenecks. Regulatory procedures, such as customs clearance, licensing and documentation requirements are complex and time-consuming, which increases the transaction costs for businesses. To boost air cargo and facilitate smoother trade operations, customs authorities are adopting digital solutions, streamlining and simplifying procedures and implementing single-window clearance systems. These efforts aim to enhance the ease of doing business. However, India still needs significant improvements in infrastructure, especially in transportation and logistics, to become a world cargo and trade hub.”

CJ Darcl Logistics was felicitated with ‘Best Multimodal Transport & Logistics company’ award at recently concluded India Cargo Awards 2023 in New Delhi. Piyush Srivastava, IES, Senior Economic Advisor graced the occasion as the Chief Guest. Known as the “Oscars of the Cargo Industry,” the India Cargo Awards 2023 hosted by Cargo Talk (DDP Group Publication) serves as an all-India platform created with a vision to recognise excellence in the Cargo-Freight-Logistics Industry across various domains, including Rail, Road, Air, Sea, Allied Services, Warehousing, Technology, 3rd Party Logistics, and more. Our world-class awards ceremonies are known for their formal Black-Tie affair, filled with glitz and glamour, attended by the most influential personalities in the Cargo Industry.

DP World signed the Tconcession agreement on Friday with Deendayal Port Authority to develop, operate and maintain a new 2.19 million EU per annum Tuna Tekra mega-container terminal at Kandla in Gujarat. The concession agreement was signed between S. K. Mehta, Chairman of Deendayal Port Authority and Rizwan Soomar, MD & CEO, India Subcontinent, Middle East and North Africa, DP World, in the presence of Sarbananda Sonowal, Honourable Minister of Ports, Shipping and Waterways, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. The concession to develop the mega-container terminal at Tuna-Tekra was awarded to Hindustan Infralog Private Limited (a joint venture between DP World and National Investment and Infrastructure Fund, India’s collaborative investment platform anchored by the Government of India) in January 2023 by the Deendayal Port Authority, under a Build-Operate-Transfer (BOT) basis for a period of 30 years with an extension option of further 20 years. DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million TEUs. With the addition of Tuna Tekra, DP World will have a combined capacity of 8.19 million TEUs.

The 2024 edition of The International Air Cargo Association’s (TIACA) flagship event, Air Cargo Forum will be managed with new partner McVeigh Global Meetings and Events(MGME). MGME will organise the event that will be held again in Miami, November 11-14, 2024, says an official release from TIACA. Glyn Hughes, TIACA Director General says, “We are excited to work towards delivering another successful event next year that will include a streamlined event that achieves the association’s event principles but will also offer more opportunities for attendees to network such as a golf tournament, receptions and well planned after event parties. We are confident that MGME will be able to deliver to the association as well as the exhibitors and attendees. We also feel it is vital to make it easy for attendees to enjoy themselves in one of the world’s top tourist destinations, so we will be offering some exciting pre/post event excursions, watch this space. This way we can provide much more than event, we can provide an experience.” The key principles include providing value for money, being network focused, world class speakers, industry thought leader engagement, charitable, sustainable as well as providing a highly valued experience for attendees. Future events will include facility tours, unique networking celebrations and excursions for attendees. The TIACA board selected MGME to organise, sell and manage the Air Cargo Forum 2024 and the Air Cargo Forum 2026, both of which will be held at the Miami Beach Convention Centre, the release added. “Following the success of ACF 2022, we would like to enhance the event even more, aligned with our key event principles as a membership focused organisation,” says Steven Polmans, Chair, TIACA. “We …

Mark your calendar for India’s highly anticipated and power-packed show on cold chain storage and transportation, Cold Chain Unbroken (CCUB) 2024 set to be held on 19-20 September at Novotel Hyderabad. The key points of discussion will include cold chain storage, handling and transportation, adequate infrastructure and skilled manpower for ground handling and transportation of products such as pharma and perishables, tech integration, government policies to facilitate EoDB and a lot more. Several industry stalwarts and stakeholders, including airports, airlines, freight forwarders, shipping lines, trucking companies, custodians are expected to take part in the show. The two-day event will provide a platform to meet and exchange ideas and collaborate.

Allcargo Supply Chain was honoured with ‘Best Supply Chain Company of the Year’ award at recently concluded India Cargo Awards 2023 in New Delhi. Piyush Srivastava, IES, Senior Economic Advisor graced the occasion as the Chief Guest. Known as the “Oscars of the Cargo Industry,” the India Cargo Awards 2023 hosted by Cargo Talk (DDP Group Publication) serves as an all-India platform created with a vision to recognise excellence in the Cargo-Freight-Logistics Industry across various domains, including Rail, Road, Air, Sea, Allied Services, Warehousing, Technology, 3rd Party Logistics, and more. Our world-class awards ceremonies are known for their formal Black-Tie affair, filled with glitz and glamour, attended by the most influential personalities in the Cargo Industry.