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

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

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Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

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Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

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