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Categories: ALL CATEGORIESHOT NEWSSTARTUPINVESTMENTBUSINESSINTERNATIONALLOGISTICSPOLICYTRENDINGINNOVATION

Issue #226

13 Jul - 19 Jul 2019

HOT NEWS

India set to sign US-like defense logistics sharing pact with Russia

India is close to inking a key defense logistics sharing pact which will place it as a rare nation that has such a strategic agreement with both of the old cold war rivals - the US and Russia. India and Russia are finalising a defence agreement that will simplify interoperability and enable military platforms to receive support and supplies across bases in both nations.

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BUSINESS

Logistics industry to help India become $5 trillion economy

The government’s focus on building a digital India is again highlighted with its willingness to train people on AI, IoT and Big Data that will transform the supply chain and logistics industry. The logistics sector plays a very crucial role in propelling India to become a $5 trillion economy. Some key measures like Ease of Doing Business, simplification of e-way bills, will improve the overall logistics sector and also reduce the cost of transportation.

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LOGISTICS

MIDC to set up 6 logistics hubs to attract investors

The state-run Maharashtra Industrial Development Corporation (MIDC) has proposed the development of logistics hubs in six corridors comprising Nagpur-Wardha, Jalna-Aurangabad, Chakan-Talegaon-Hinjewadi-Ranjangaon, Khalapur-Taloja, Shahpur and Tarapur over the next two years. The government expects an investment of over Rs 20,000 crore in the proposed logistic hub. The first of such hub will come up at Chakan within a year. Apart from Indian companies, investors from China, Singapore and Indonesia have already evinced interest to invest in the upcoming logistics hubs.

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INTERNATIONAL

Siemens to complete Munich Airport's Terminal 2 upgrade by mid-2022

DTerminal 2 Gesellschaft, a joint subsidiary of Munich Airport and Lufthansa, has awarded an upgrade contract for its Terminal 2 and satellite building at Franz Josef Strauss Airport in Munich to Siemens Logistics. The measures are scheduled to be completed by mid-2022. The upgrade to the current safety and security regulations for baggage handling will require Siemens to replace the X-ray equipment in the baggage handling system in compliance with the Standard 3 of the European Civil Aviation Conference (ECAC). Siemens is also implementing screening units of the latest generation that provide high-resolution 3D imaging and enhanced scanning quality.

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