The Power of Three
Technology

The Power of Three

The warehousing sector has witnessed an upward trend due to a conducive environment, explains RAJESH JAGGI Booming e-commerce, online retail and manufacturing industries have fostered the expeditio...

The warehousing sector has witnessed an upward trend due to a conducive environment, explains RAJESH JAGGI Booming e-commerce, online retail and manufacturing industries have fostered the expeditious growth of the warehousing and logistics sector in India. As the economy evolves, methodical and sophisticated systems are being put together to facilitate the fluid movement of goods as well as their efficient storage. In 2018, we witnessed a 22 per cent year-on-year growth in the total stock of Grade A and B warehousing in the top eight cities at 169 million sq ft, compared to 138 million sq ft in 2017. Absorption too showed unparalleled growth in 2018 – 60 per cent year-on-year growth from 20 million sq ft in 2017 to around 32 million sq ft in 2018. This has led to massive investments in the sector. According to estimates made by JLL, the logistics and warehousing sector in India is expected toattract $10 billion investments over the next five years. Another industry report reveals that private equity (PE) funds have invested in an excess of $1.1 billion in the sector between the first quarter of 201

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Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

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Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

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Infrastructure Urban

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..

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