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Centre notifies incentives for inland waterway transport
India’s Shipping Ministry has launched a Rs 100 crore scheme to boost inland waterways transport by providing a 35% incentive for cargo movement on NW-1, NW-2, and NW-16. The scheme aims to shift cargo from road and rail to waterways, potentially diverting 800 million tonne Kilometre cargo. It also subsidizes scheduled services to demonstrate IWT mode's reliability.
Indian logistics market to expand to Rs 13.4 trillion by FY28: Report
The National Logistics Policy, unveiled in September 2022, has set goals to optimise India's logistics landscape. It has focused on increasing the share of railways in the freight movement (currently at 18 per cent) through the development of dedicated freight corridors (DFCs), improving road infrastructure, and expanding inland waterways.
US eastern ports prepare to close with labour talks stalled
The dispute, if unresolved, could halt container cargo and auto shipments, affecting the national economy. The Biden administration is pushing for a fair agreement but won't intervene directly.
Increasing exports, trade in local currency, FTA to boost India-Russia commerce: GTRI report
Steps recommended by the think tank GTRI to boost trade between India and Russia include increasing exports, implementing local currency trading, and pursuing a free trade agreement with the Eurasian Economic Union. Despite a growing trade deficit, India benefits from favorable crude oil deals with Russia. The impact of the Ukraine war and US sanctions has reshaped the trade relationship, prompting a push for a bilateral trade target of USD 100 billion by 2030.
From medium term perspective : 5 midcap stocks from different sectors with potential upside of up to 35% in one year
But it is times like this when an event is about to take place and narratives are floating in the market that one ends up making the wrong decision. So, one will have to do two things, one be bullish but be more selective and focus on managing risks.
The high price of slow lanes: How transport networks can make or mar the success of manufacturing hotspots
With India increasing the focus on exports, manufacturing hubs in the hinterlands have started playing a bigger role in powering the growth engine. However, these regions continue to face connectivity problems that make it difficult for traders to competitively price the goods in export markets.
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Rs 15,000 crore infrastructure projects taken up at 62nd Network Planning Group meet
In the meeting, two railway line projects were discussed. The first involves a greenfield railway line spanning 127 km in Jharkhand and aims to bridge the last-mile gap to existing coal blocks.
A corridor to power: The project that will speed up India and boost its economy
DFCs will help India reduce its high logistics costs from some 13-15 per cent of the GDP and help it move towards the target of 8 per cent by bringing them more in line with global standards. In addition, each kilometer-long freight train on the EDFC will replace some 72 trucks on average. This will ease congestion on India’s overcrowded roads and highways, which carry an overwhelming 60 per cent of the country’s freight.
Bharat, instead of India, reaches Cabinet in a fully-loaded railway document
"Bharat" gained prominence as the Cabinet received a proposal from the railway ministry that replaced 'India' in official documents. This shift sparks a broader debate over the country's Bharat-India nomenclature. While the ruling party sees using Bharat as a step away from colonial history, the opposition remains divided on the issue's significance.
Festive cheer with minor headwinds; 6 logistics companies with upside potential of up to 34%
Last weekend, when the situation in Israel emerged. First thoughts on the street was that a sharp rise in the crude oil price is inevitable. Initial reaction was pretty much on the same line, however that spike did not sustain beyond one day. Is that an indication that the crisis in the most oil sensitive part of the world was not able to push oil prices higher than what would make them rise. While the whole of the Indian economy would like oil prices to stay low, one sector which would like it more than any other sector is logistics. Especially in the midst of the festive season.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
As broader market indices, sensex and nifty continue to form new highs some minor consolidation is happening in markets. During this period, some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
A tech ‘Golden Age’ awaits supply chains limping out of the pandemic
As supply snarls recede this year, they’re giving way to a different kind of disruption in the $10 trillion global logistics industry: a tech transformation, where everything between an assembly line and a store shelf will be tracked in real time where possible, fortified with artificial intelligence and automated.
C.H. Robinson solves logistics challenges for industries across the globe
Is Indian Railways' ambitious 'Mission 3000 MT' achievable?
The report, titled “Mission 3000 MT”, is a roadmap to achieve 3,000 million tonnes (MT) of freight by FY27, up from 1,418 MT in FY22. It has called for an expansion of network, augmentation of rolling stock and up to 30% reduction in cargo tariff for most commodities by 2026-27. This move, the report says, would help the Railways rebound in India’s cargo market and grab 45% market share.
Shift from roads to rail picks up pace, thanks to dedicated freight corridor
As per the report, container cargo transported through railways (rail volumes) rose by a healthy 17.63 per cent year-on-year to 74.38 million metric tonnes during the previous fiscal as compared to 12.51 per cent growth in overall container cargo volumes.
DP World aims to expand multimodal logistics operations, says India CEO Rizwan Soomar
The Dubai-based container terminal company will look at locations to set up more free trade zones, expand its coast shipping footprint and also look at opportunities to expand its private rail segment, CEO Rizwan Soomar told ET in an interview.
Chabahar-INSTC opportunity for Russia-India economic partnership
the sanctions on Russia have provided India with a valuable opportunity to acquire import energy, food and fertilizers at very attractive rates. Indian refiners have boosted imports of Russian oil to 757,000 barrels per day during the April-August period this year. This is a sharp increase from the figure in 2021
After NLP launch, ICICI Direct bullish on logistics space, lists 4 top picks
So, as the NLP looks to reduce logistics cost from the current 13-14% to sub 10% and there are seen multiple benefits unfolding from the regime in due time, ICICI Direct has listed its top 4 picks from the space.
Road, shipping, rail ministry arms sign agreement to develop Multi Modal Logistics Parks
National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI), and Rail Vikas Nigam Limited (RVNL) will jointly develop MMLPs under Bharatmala Pariyojna across the country with an objective to centralize freight consolidation and reduce logistics cost from 14% to less than 10% of Gross Domestic Product (GDP), at par with International Standards.
How multimodal logistics parks are revolutionising India’s logistics landscape
Logistics parks drive reduction in overall freight cost by enabling freight transportation on higher-sized trucks and rail.
How India can use Covid as an opportunity to build logistics sector better
Now, with the country in the third wave under the less-destructive Omicron variant, it is important to critically identify issues, ringfence crucial sectors to minimise impact, improve logistics to assist, especially in manufacturing, pharmaceuticals, food and agriculture, integrated supply chains, exports and ecommerce.
JNPT conducts trial operation at newly-constructed berth for coastal shipping
The coastal berth, which will provide better infrastructure for coastal shipping and decongest rail and road networks ensuring cost-competitive and effective multi-modal transportation solutions, is expected to handle about 2.5 million tonnes of coastal cargo such as break and dry bulk, among others, JNPT said.
If you deliver in India, you can deliver globally: Ola's Bhavish Aggarwal
Ola's Bhavish Aggarwal and ANRA Tech's Amit Ganjoo explain why India has the tech edge, during a chat with a Bennett University dean
Panel asks government to ease norms for cargo movement, improve logistics sector
The committee has laid out an action plan for all related ministries with time-lines for better monitoring the progress.
India proposes direct rail link to Kathmandu from Delhi & Kolkata; mulls cargo train to Bangladesh
Stating that infrastructure was a prerequisite for higher economic growth, Prabhu urged Nepal’s government and private sector to ramp up investment.
Top companies can shift 40 per cent steel movement to coastal shipping: Government
Nearly every major plant has a potential to shift nearly 30-40 per cent of their inter-state rail movements to coastal shipping, said the latest report.
Government looks to make water transportation competitive
The outcome of the workshop would pave way for finalising the operationalisation of certain initiatives already taken by the government, it said.
Government exempts customs and excise duty on use of bunker fuels
One of the issues hindering the growth of coastal shipping has been the levy of customs and central excise duty on bunker fuels, said an official statement.
Rail Budget 2014: Indian Railways should shift focus to freight
Once its freight business picks up and becomes more efficient, the Railways ought to be able to charge a premium for moving freight.
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