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Issue #239

13 Oct - 18 Oct 2019

HOT NEWS

Post-GST, $500 mn invested in industrial and logistics sector

Given the increasing demand for quality warehousing space after the implementation of GST, the industrial and logistics sector has attracted investments close to 500 million dollars. Going forward, developers are likely to build large-sized spaces to cater to the growing demand which may result in warehousing stock touching 500 million sq ft by 2030.

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POLICY

IHMCL, GSTN to ink pact to link FASTag with GST e-way bill system on Oct 14

The Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) will sign a memorandum of understanding on Monday for integration of FASTag with GST e-way bill system. The memorandum of understanding (MoU) will be inked at the 'One Nation, One FASTag' conference, which will be inaugurated by Road Transport and Highway Minister.

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INTERNATIONAL

Foreign players keen to invest in India’s logistics infra space

Logistics forms the backbone of any modern economy and with the advent of ecommerce, demand for the logistics sector is bound to grow manifold, increasing the pressure on the existing infrastructure. Detlev Mohr, senior partner at consulting firm McKinsey and Company, in an interview with Nehal Chaliawala and Satish John said that India will be one of the hottest growth markets in this area and foreign players are keen to invest here.

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BUSINESS

GMR Hyderabad Airport Cargo launches HC3 platform to facilitate cargo charter operators

GMR Hyderabad Airport Cargo has recently launched ‘Hyderabad Cargo Charter Circle (HC3)’ in order to develop Hyderabad as an air charter hub for the Southern part of the country. This dedicated platform will not only facilitate the cargo charter operators via Hyderabad air cargo terminal but also boost the regional connectivity and link it to the main hubs across the globe. The HC3 was unveiled in the presence of Charter Operators, Freighters, Shippers, Consolidation Agents, Freight Forwarders and other airport stakeholders at a gala event.

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STARTUP

Geneva’s MSC picks up logistics start-up MatchLog to drive efficiencies, lower costs

The triangulation of containers by MatchLog will lead to quick turn around of boxes by eliminating the empty container movements. Geneva-based Mediterranean Shipping Company or MSC, the world’s second-biggest container carrier, has taken the help of an Indian logistics start-up to cut costs, reduce wastages and drive efficiencies in the country’s container logistics chain.

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