India's logistics boom massive job creation anticipated.
Kerala Boosts Logistics Capability to Enhance Economic Infrastructure
Kerala is intensifying efforts to bolster its logistics capabilities, aiming to fortify economic infrastructure and stimulate growth across various sectors. The state government's proactive measures include strategic investments and infrastructure enhancements to streamline transportation and logistics operations.
With a focus on improving connectivity and efficiency, Kerala plans to optimize existing logistics networks while developing new infrastructure projects. This initiative aims to reduce transit times, lower operational costs, and facilitate smoother movement of goods within and..
Murugappa Group's Montra Electric Unveils E-SCV
Murugappa Group, a stalwart in the Indian industrial landscape, is set to revolutionize the electric commercial vehicle (EV) market with its latest offering under the Montra Electric brand. The conglomerate's subsidiary, Tivolt, is poised to launch an electric small commercial vehicle (SCV) that promises to redefine urban logistics and last-mile delivery services.
This innovative move underscores Murugappa Group's commitment to sustainability and its proactive stance towards embracing electric mobility solutions. The electric SCV, equipped with advanced technology and cutting-edge feat..
Express Entry Revolutionizes Airport Cargo Transport
The latest announcement by the Expressway Authority marks a significant milestone in the realm of airport cargo logistics. The unveiling of a new road connecting the airport with an express entry point promises to revolutionize the transportation of goods, streamlining processes and enhancing efficiency like never before.
This groundbreaking initiative aims to bridge the gap between airports and express entry points, facilitating seamless movement of cargo across different modes of transportation. With the implementation of this dedicated route, delays in cargo handling and transporta..
India's April Exports Hit 5-Month Low, Trade Deficit Widens
India's export figures for April reveal a decline to a five-month low, accompanied by a widening trade deficit, marking a challenging start to the fiscal year. According to recent data, exports from India in April totaled significantly lower compared to previous months, influenced by global economic uncertainties and logistical challenges.
The trade deficit, meanwhile, reached a four-month high, indicating increased imports relative to exports during the period. This imbalance underscores ongoing concerns about India's trade dynamics amid fluctuating global demand and supply chain disru..
L&T subsidiary opens new manufacturing unit in Saudi Arabia
L&T Valves Ltd., a subsidiary of Larsen & Toubro, established a new manufacturing plant in Al Jubail, Saudi Arabia, next to the Dammam-Abu Hadriyah Highway. One of Saudi Arabia's main providers of on-off valves is L&T Valves.
The manufacturing facility is being opened with the intention of satisfying the increasing demand from the Middle East. In keeping with Saudi Vision 2030, Anil V. Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering and L&T Valves, emphasised that the new facility will greatly improve local manufacturing capabilities..