Major ports in India to take satellite port route for expansion:
Mon, May 01 2017. 09 21 AM IST
The government-run ports in Chennai, Paradip and the Jawaharlal Nehru Port Trust (JNPT) in Mumbai are developing satellite ports as part of their expansion plans, two government officials aware of the development said.
A satellite port can either be one that is already existing or is created near a port that is reaching capacity. Satellite ports help overcome issues such as limited land availability and draft adequacy, which is depth of water to which a ship sinks according to its load(see more)
Bidding for next round of expressways soon: Gadkari
NEW DELHI, APRIL 30:
The government plans to start bidding for the next round of expressways soon.This time around, concrete pavers – expensive equipment that help speed up highway construction – will be used by road developers.
“The bidding for the Mumbai-Vadodara expressway will start within three months,” Road Transport and Highways Minister Nitin Gadkari told BusinessLine, while undertaking an aerial survey of the Eastern Peripheral Expressway(see more)
Future Supply Chain Solutions Ltd. launches automated High Speed Cross Belt Sortation technology:
By Indiaretailing Bureau | May 1, 2017
Future Supply Chain Solutions Limited, India’s first fully integrated IT enabled end-to-end supply chain solutions, inaugurated India’s most automated, High Speed Cross Belt Sortation Technology, at its Distribution Centre in Mihan, Nagpur. The technology was inaugurated by the Minister of Road Transport and Highways of India, Nitin Gadkari, and Group CEO at Future Group, Kishore Biyani.
This new technology, the first of its kind in India, is said to be a game changer. It will be a stepping stone towards making the company India’s most automated ‘first-of-it’s-kind, GST ready’ Distribution Centre(see more)
Apollo LogiSolutions in talks to raise Rs300 crore:
Mon, May 01 2017. 09 37 AM IST
New Delhi: Mumbai-based Integrated logistics solutions provider Apollo LogiSolutions Ltd (ASL) is in talks with private equity (PE) investors to raise as much as Rs300 crore to fund its expansion plans, according to two people close to the matter.
The firm has reached out to PE firms, including Hong Kong-based PE firm ADV Partners, for the potential investment, said one of the two people cited above on condition of anonymity as he was not authorized to speak to reporters(see more)
Bharatmala to hit ground; 20K km roads in 1st phase: Gadkari
By PTI Feeds | Published: April 30, 2017 1:54 PM IST
New Delhi, Apr 30 (PTI) An umbrella programme for roads – Bharatmala – will hit the ground soon ending all existing highway projects, including the flagship NHDP, in six months, Union Minister Nitin Gadkari said today.
The ambitious highways development project subsuming all road projects in the first phase will see the construction of 20,000 km of highways.“National Highways Development Project (NHDP) and all existing schemes will be finished in the coming six months(see more)