World Bank approves $375-mn loan for India’s first waterway project:
The World Bank has approved a $375 million loan to India’s first waterway project. The National Waterway 1 project is to create a water transport fairway on a 1,360-km stretch of the Ganga river between Varanasi and Haldia.
“NW1 passes through one of India’s most densely populated areas, and a sizeable 40 per cent of the country’s traded goods either originate from this resource-rich region or are destined for its teeming markets. While the region generates about 370 million tonnes of freight annually, only about 5 million tonnes currently travels by water,” says World Bank in a press release (see more)
Market Forecasts for Warehousing, Robotics and Electric Vehicles in Indian Logistics Industry:
In India, the logistics industry summarizes of segments, today we shall explore these sectors in details and highlight the opportunities, challenges they contain, along with key players involved. Let us start with warehousing segment, especially warehousing capacities, use of robotic systems and electric vehicles.
Warehouse industry is pivotal for meeting product demand and supply over the logistics sector. In the current trend, demand for warehousing is highly concentrated for manufacturing and pharmaceutical segment wherein storage of raw and finished products is of the most priority (see more)
EMIZA Supply Chain raises $4.5 million:
PTI | April 13, 2017
Mumbai-based EMIZA Supply Chain Services, a technology driven third party logistics start-up has raised USD 4.5 million in a round led by Mayfield with participation from existing investors Nishant Rao, COO of Freshdesk and Ex-CEO, LinkedIn and Dileep Nath, promoter Kanbay.
EMIZA which started operations in early 2016 claims to have a network of over 23 hubs and a captive fleet in north India catering to even tier 3 and 4 cities (see more)
South Eastern Rly, Eastern Rly report increase in freight loading revenue:
South Eastern Railway (SER) and the Eastern Railway (ER) divisions of the Indian Railways saw a near 7 per cent and 3 per cent increase in revenues from freight loading last fiscal. SER saw its FY-17 freight loading earnings increase by Rs 737 crore to Rs 11,556 crore. On the other hand, ER earned Rs 4,533 crore (Rs 4,397 crore).
While SER saw a one per cent decline in coal loading last fiscal to 25.12 mt over the last year; ER witnessed a 4 per cent rise in coal loading for the same period. Coal loading in ER, this fiscal, was 35.54 mt (34.16 mt) (see more)
Essar wins bid for LNG terminal at Haldia port:
PTI | April 13, 2017
Essar Group has won a bid for setting up a 1 million tonne liquefied natural gas (LNG) terminal at Haldia port in West Bengal. Haldia Dock Complex under Kolkata Port Trust had earlier this year invited bids for setting up an LNG terminal with storage and distribution facilities.
Essar Ports in consortium with Ultra LNG and Essar Shipping Ltd won the bid to build and operate the LNG receipt and storage facility for 30 years, sources privy to the development said. Petronet LNG Ltd and V Energy were other bidders for the project that would have a minimum guaranteed traffic of 0.2 MTPA (see more)