These are heady times for India’s logistics sector. as the country aspires to become a global powerhouse for manufacturing, government initiatives, unified tax reforms and increasing transparency give that extra edge to the sector. What’s more, free trade warehousing zones and logistics parks offer significant opportunities for collaboration and private sector investments.
The Indian logistics sector is undergoing a quiet revolution. Changing regulatory set-up, government incentives, infrastructure development projects, increasing transparency, relaxed tax structures to encourage participation of foreign and private players in the sector and dedicated logistics parks and Free Trade Warehousing Zones (FTWZ) are fostering the growth of the logistics market in India.
The fiscal budget for 2018 indicates a clear push for the logistics sector and an expected increase in investment of Rs 5.97 trillion in creating and upgrading its infrastructure. India now allows 100 percent FDI in the development and maintenance of warehousing and storage facilities. Under the Free Trade Warehousing Zone (FTWZ) Scheme, several designated zones in India are reserved for warehouse development. Panvel near Mumbai, Khurja near New Delhi, and Sri City near Chennai, are some of the designated FTWZs. The connectivity of these zones with major railways, roads, airways, and ports is well established. Incentives such as duty free import of building materials and equipment for these zones are attracting investors to this sector.
Denne historien er fra July - August 2018-utgaven av Indian Transport & Logistics News.
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Denne historien er fra July - August 2018-utgaven av Indian Transport & Logistics News.
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IndoSpace to invest ₹4500 cr in Tamil Nadu over next three years
IndoSpace announced plans to increase its investments up to ₹4,500 crore in new logistics and warehouse parks in Tamil Nadu.
TVS ILP to invest ₹200 crore to build grade-A logistics park in Indore
TVS Industrial & Logistics Parks (TVS ILP) has announced its entry into the Indore market by acquiring 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC).
KSH opens new 40,000 sq ft multi-client warehouse in Bangalore
KSH Integrated Logistics announced the expansion of its warehousing operations in Bommasandra, Bangalore with a multiclient warehousing facility spreading across 40.000 sq ft.
TATA-Airbus opens the C295 aircraft manufacturing facility in India
In a major boost to India’s defence and aviation industries, in October 2024 Indian Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez jointly inaugurated the TATA Aircraft Complex in Vadodara, Gujarat, where the Airbus C295 aircraft will be manufactured.
FedEx partners with Invest India to support One District One Product
FedEx announced its collaboration with Invest India to support the Government of India’s One District One Product (ODOP) initiative and aim to boost the growth of Indian small businesses by providing them with access to global markets, capacity building, and branding opportunities.
UPS launches tempcontrolled pharma facility in Hyderabad
UPS has launched its specialised healthcare focused cross-docking facility in Hyderabad.
SeaLead's ANIDEA service to connect Asia, India & East Africa
SeaLead has announced the launch of its revamped ANIDEA(Asia and India, East Africa) service, connecting the Far East, West India, and East Africa.
JSW Infrastructure to develop Murbe Port near Vadhvan
The Maharashtra Maritime Board (MMB) has granted a letter of intent to JSW Infrastructure to develop a multipurpose port at Murbe in Palghar on public-private partnership (PPP).
Adani Ports H1FY2025 net profit up 42% at ₹5,520cr
Adani Ports reported a 42 percent increase in net profit at ₹5,520 crore for the first half of the financial year 2024-25 compared to ₹3,381 crore in the same period last year.
Sustainable supply chains From emissions to efficiency in India
India's logistics sector is rapidly adopting sustainability measures to cut emissions and enhance efficiency, aligning with the country's pledge to reduce emissions intensity by 45% by 2030.
