3 new dedicated freight corridors to see Rs 2.17 lakh crore investment

The three upcoming dedicated freight corridors that the finance minister Nirmala Sitharaman mentioned in her Budget 2021 is expected to see investments of about Rs 2.17 lakh crore, a senior government official told Moneycontrol.

The three projects are East-Coast Corridor, East-West Sub Corridor and North-South Corridor. Sitharaman had said in her Budget speech that the Eastern and Western dedicated freight corridors are expected to be complete by June 2022, while she also proposed its asset monetization after completion of the projects.

 

3 new dedicated freight corridors to see Rs 2.17 lakh crore investment.

The three upcoming dedicated freight corridors that the finance minister Nirmala Sitharaman mentioned in her Budget 2021 is expected to see investments of about Rs 2.17 lakh crore, a senior government official told Moneycontrol.

The three projects are East-Coast Corridor, East-West Sub Corridor and North-South Corridor. Sitharaman had said in her Budget speech that the Eastern and Western dedicated freight corridors are expected to be complete by June 2022, while she also proposed its asset monetization after completion of the projects.

 

Budget 2021 Key Takeaways: Spending boost to lift pandemic-hit economy, new cess to finance agri infra.

Wrap Up: Budget 2021 at a glance

  • New agri infra cess to be applicable from February 2, 2021
  • The first Budget of the decade leaves direct taxes unchanged
  • The FM proposes extension of tax holiday for start-ups by one more year
  • Govt to extend eligibility of erstwhile tax sop on home loan up to FY22
  • Govt to notify rules to eliminate double tax for NRIs on foreign retirement funds
  • Pensioners over 75 years of age are exempt from filing returns

Welspun One Logistics Parks launches warehousing AIF of INR 500cr for domestic investors.

Welspun One Logistics Parks, a pan-India integrated fund, development and asset management platform backed by the USD 2.7 billion Welspun Group, on Tuesday announced the launch of its first Alternate Investment Fund (AIF) product “Welspun One Logistics Parks Fund I”.

India to emerge as most resilient economy after Germany in 2021: PHDCCI

Germany ranks first in the PHDCCI International Economic Resilience (IER) Rank followed by India and South Korea at second and third positions, respectively, according to the report released by industry body PHDCCI.

It is based on analysis of five lead macroeconomic indicators reflecting a country’s economic performance including real GDP growth rate, merchandise export growth rate, current account balance (as percentage of GDP), general government net lending/borrowing (as percentage of GDP) and gross debt-to-GDP ratio.

Morgan Stanley Infrastructure Invests Rs 180 Crore In LEAP India.

Morgan Stanley India Infrastructure on Thursday said it has invested Rs 180 crore to acquire stake in LEAP India.

Founded in 2013, LEAP India is an asset pooling company dedicated to providing dependable and cost-effective solutions to supply chains across India, according to a statement.

The company has an asset pool of approx 4 million units, including pallets, foldable large containers, crates and utility boxes, it said.

Covid-Hit India Recovering As Manufacturing, Infra Boost Logistics; Automation To Be Next Big Thing.

With the country emerging out of the pandemic, and technology taking a whole new meaning in this post-Covid world, they feel, automation will be the next big thing in logistics."Multinationals and global supply chains in the reviving times are finding India an attractive location to establish their manufacturing base which will certainly prove instrumental for our economic growth and will have direct impact on the growth of logistics industry," said Pawan Jain, Founder & Chairman, Safexpress.

Indian industrial and warehousing sector to see investment inflow of $3.6 billion

 

With the increase in the investment, it is important that platforms and business opportunities are created for the industry players to come together to connect, network and close deals. India Warehousing Show is India’s established platform, which brings the industry in its full dimension, gathering all facets of logistics, warehouse infrastructure, material handling, storage, automation and supply chain. Scroll down to learn more about factors driving increase in the investment in the warehousing sector!

 

Indian industrial and warehousing sector is expected to see an investment inflow of $3.6 billion, which is likely to touch $7 billion by 2021. This growth is mainly due to factor such as the rise in the demand for larger facilities from e-commerce companies as the sector is becoming more organised.  Moreover, the transformation is brought about by government initiatives, global trade dynamics, an influx of technology and evolving consumption patterns. Further, occupier preferences are changing that is driving the increase in the investor interest.

“Occupiers mulling large contiguous warehouse leases, especially in the e-commerce and 3PL sectors, should look at select micromarkets in Mumbai and Pune that offer a good mix of industrial and multi-purpose warehouses. Bengaluru should also be explored as it offers seamless transfer of goods between states, benefitting from the removal of state-level taxes”, said Sankey Prasad, Managing Director and Chairman at Colliers International India.

The industrial and warehousing sector in India has attracted significant investor interest since 2017 led by robust demand from e-commerce and other consumer-led occupiers.

Read more… https://www.thehindubusinessline.com/economy/indian-industrial-warehousing-sector-to-see-investment-inflow-of-36-billion/article30135412.ece

The new JV to create more jobs in logistics and warehousing!

The country is going through economic slowdown nonetheless, there are few sectors that are faring. Logistics and warehousing are one such sectors that are doing significantly well. Moreover, with the recent joint venture of global equity firm Blackstone Group Inc with Greenbase, a Hiranandani group firm there is going to be an increase in the development of warehousing and logistics parks across the country. This marks the entry of Blackstone, a US-based company, into the Indian warehousing and logistics sector.

The equal joint venture plans to invest ₹2500 crore to develop around 12 million sqft of industrial and warehousing assets across the country in three to four years, said Niranjan Hiranandani, founder and managing director, Hiranandani Group.

“We have a very bullish view on the economy in the long term. Logistics and warehousing will be one of the major beneficiaries of this growth. The joint venture’s investment will also contribute to economic growth as well as employment generation in the relevant locations," Hiranandani said.

Read more https://www.livemint.com/companies/news/blackstone-ties-up-with-hiranandani-to-enter-warehousing-business-11577296111411.html

Start-ups may get boost from Government’s National Logistics Policy

The announcement will be welcomed by logistics start-ups, given its integral role in the movement of goods and services.

With the arrival of the new budget and the current economic status of the country, many changes are anticipated to boost growth. One of the sector expected to benefit are the Logistics start-ups after a budget proposal to create a single window e-logistics marketplace under the government’s National Logistics Policy.  The draft National Logistics Policy, which aims to promote seamless movement of goods across the country and reduce high transaction costs, was published last year and primarily focuses on generating jobs and making the country’s micro, small and medium enterprises more competitive.

“Inter alia, it will clarify the roles of the Union government, state governments and key regulators,” Finance Minister Nirmala Sitharaman said while presenting the Budget.

“Implementation of the National Logistics Policy will surely position India as a prominent global logistics player, ensuring a boost in trade and enabling market access expansion across sectors,” said Pushkar Singh, chief executive of tech logistics start-up, LetsTransport

This announcement will be welcomed by logistics start-ups, given its critical role in the movement of goods and services.

Read more… https://tech.economictimes.indiatimes.com/news/startups/startups-may-get-boost-from-govts-national-logistics-policy/73847090

Guwahati airport plans to get its own perishable cargo centre

To cater to the growing demand of cold chain solutions for perishable products, appropriate measures are being taken by the government. The recent step is being taken by Airports Authority of India (AAI) and its cargo subsidiary AAICLAS to open its perishable cargo centre at Lokapriya Gopinath Bordoloi International Airport, Guwahati which is being built by Assam Industrial Development Corporation (AIDC).

A team of AAI, AAICLAS and AIDC and officials from State Government visited the site which is near its completion of the cargo centre last week. The team was led by Sanjeev Jindal, Regional Executive Director, AAI; Ramesh Kumar, Airport Director, LGBI Airport.

Airports Authority of India had leased 4050 sq. mt. of land to AIDC for a period of seven years for establishing Center for Perishable Cargo at Guwahati airport with a capacity to handle 10,000 MT of perishable cargo with a Nominal Licence Fees of Rs.1/per annum with No Royalty, vide Ministry of Civil Aviation, Government of India directives with approval of Cabinet.

Read more…. https://logisticsinsider.in/guwahati-airport-to-have-its-own-perishable-cargo-centre-soon/

ESRbuys site for 300,000 SQM northern India logistics park

ESR is stepping up its presence in India with the purchase of a development site in the north of the country, as the logistics specialist looks to ride the rising demand for warehousing in the subcontinent.

The Warburg Pincus-backed company is planning to develop a 300,000 square metre (3.2 million square foot) logistics park on the site in Haryana state, which will make the facility one of the largest in northern India.

Growing a $500M Logistics Platform

The new property, once it reaches completion, will bring ESR’s portfolio in the country to 14 properties, with the hybrid developer-fund manager now having grown its assets under management in India to approximately $500 million since establishing its first major joint venture in the country in November 2018.

“ESR India is committed to building institutional grade logistics infrastructure to facilitate the development and modernisation of the nation’s supply chain,” Abhijit Malkani and Jai Mirpuri, Country Heads of ESR India, said in a joint statement.

Located in the city of Sohna, 55 kilometres south of Indira Gandhi International Airport, the proposed high-spec park will support last-mile delivery for the business hubs of New Delhi, Gurugram and Faridabad, according to the company, which plans to being construction on the project in May.

Read more… https://www.mingtiandi.com/real-estate/logistics/esr-buys-site-for-300000-sqm-northern-india-logistics-park/

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