UP Plans Rs 10,000 Bn Expressway Logistics Clusters
The Uttar Pradesh Government intends to develop manufacturing and logistics clusters covering 600 hectares beside its expressways, the country’s longest such network. Memorandums of understanding worth Rs 10,000 billion were signed at the UP Global Investors’ Summit in Lucknow earlier this year.Six districts—Barabanki, Ghazipur, Jaunpur, Gorakhpur, Banda and Jalaun—have earmarked 100 hectares each for the first phase. The clusters will rise near the Purvanchal and Bundelkhand expressways and the Gorakhpur Link Expressway, providing seamless road access and local employment.Th..
BharatBenz Unveils HX And Torqshift Mining Trucks
With India’s mining and construction equipment market forecast to jump from USD 16 billion to USD 45 billion by 2030, Daimler India Commercial Vehicles (DICV) has launched two new BharatBenz truck lines: the HX series for construction and Torqshift for mining. Priced from Rs 5.6 million ex showroom, the heavy duty models have undergone extensive trials, logging service in more than 150 of the country’s toughest sites.The tests, which covered uptime, operating efficiency and profitability, paved the way for full scale production. DICV—holder of over 50 per cent share in th..
Hyundai Units Unite as USD 6.15bn Construction Equipment Firm
HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to create HD Construction Equipment, a new company launching with consolidated sales of about USD 6.15 billion. Boards of both firms approved the tie up on 1 July; an extraordinary shareholders’ meeting is set for 16 September, subject to regulatory clearance.The merger is designed to sharpen the group’s response to volatile markets, bolster technological capability and keep costs competitive. The combined business will trade under two brands, Hyundai and Develon, focusing on construction equipment while ..
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