Logistics Top News/Headlines Dated 19th April 2017

Updates From Logistics World

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Road building: Nitin Gadkari unveils awards to power-up infrastructure push:

By: Surya Sarathi Ray | New Delhi | Published: April 19, 2017 3:37 AM

In sync with plan to construct highways at an average clip of 41 km per day in 2017-18, minister for road transport and highways Nitin Gadkari on Tuesday unveiled awards to senior officials for walking the extra mile and actualising the target.

Last year, the ministry could achieve just over half of the target set. Taking part in a day-long meeting to discuss the target for the current fiscal and take stock of the 2016-17 performance, Gadkari said that there will be an awards for the best-performing project director and regional officer (see more)

₹10-lakh cr umbrella road project to subsume Highways Development plan:

NEW DELHI, APRIL 18

The ambitious ₹10-lakh-crore umbrella programme for roads, Bharatmala, will subsume the National Highways Development Project (NHDP), launched by the Atal Bihari Vajpayee government in 1998.

This may be one of the last mega projects of the BJP government before it seeks public mandate in 2019, besides being the second largest highway project after the NHDP that saw development of about 50,000 km of NHs as per global standards(see more)

Hindusthan Shipyard achieves Rs. 625-cr turnover in 2016-17:

CH.R.S SARMA| VISAKHAPATNAM, APRIL 18:  

Hindusthan Shipyard Ltd (HSL) here has achieved the highest turnover of Rs. 625 crore (provisional) during the financial year 2016-17 as against Rs. 593 crore in the previous year (2015-16), according to Chairman and Managing Director L.V Sarat Babu.

Reviewing the performance of HSL here on Tuesday, he told presspersons that the shipyard had turned a new leaf and had improved its efficiency in all parameters during the past two years or so. “We earned net profit of Rs. 19 crore in 2015-16 and Rs. 30 crore in 2016-17 and operating profit of Rs. 15 crore in 2016-17 after a gap of 35 years,” he said (see more)

Japan logistics major enters Indian container business via JV with ACTL:

April 18, 2017 Last Updated at 18:26 IST

The Indian container train sector is set to get a Japanese touch soon, with  logistics major Konoike Transport today announcing the forming of a joint venture with New Delhi-based Associated Container Terminals Ltd (ACTL).

The JV company, called Joshi Konoike Transport and Infrastructure, will invest at least Rs 100 crore in the initial stage for licence procurement and to buy container trains(see more)

Myntra acquihires logistics co:

Digbijay MishraTNN | Updated: Apr 19, 2017, 07.18 AM IST

BENGALURU: Fashion e-tailer Myntra has acqui-hired logistics startup InLogg to address its delivery inefficiencies in terms of cost and reach. InLogg, founded by ex-Flipkart employees, partners with local courier firms in Tier II and Tier III towns to enable deliveries in non-metro cities.

Myntra‘s head of strategy Ananya Tripathi told TOI getting InLogg on board will reduce delivery costs for the Flipkart-owned online retailer in smaller cities by about 25%. “We were already doing some business with them but now it will allow us to leverage their reach to enhance our own(see more)

 

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