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1.India’s second multi modal terminal on Ganga at Sahibgan to be inaugurated

A multi-modal terminal costing Rs.2.9 bn, that will be built on the Ganga at Sahibganj, will create employment opportunities in the region.

2.The Sunrise Sector

The year 2018 saw India’s warehousing and logistics sector coming of age, outshining some conventional real-estate asset classes and attracting the attention of global investors.

3.Containerised transport key driver of demand for reach stackers

Certain geographic pockets are growing the demand for reach stackers.

4.Where is India’s warehousing sector heading to?

Some developers are likely to command nearly 100 mn sq ft of Grade-A space

5.Do investors prefer new warehouse developments or completed projects?

Interestingly, investors are also exploring land-only options for long term

6.APSEZ to invest Rs 575.94 billion to expand Mundra port

At present, the port has an approval of handling 225 MT

7.Feasibility study for constructing APM at IGI airport conducted

The estimated cost of the inter-terminal APM project is reportedly Rs 15 billion to 20 billion

8.India takes over Chabahar Port’s operations in Iran

India has taken over the operations of Chabahar Port in Iran. The heads of Indian, Iranian and Afghanistan delegation jointly inaugurated the office of the Indian SPV-India Ports Global Chabahar Free Zone; and physical take over of the terminal area, cargo handling equipment and office building was initiated.

9.Cuddalore port expansion to begin

Tamil Nadu Maritime Board’s infrastructure project worth Rs 1.35 bn in Cuddalore has been accorded permission for the expansion by Chennai’s Coastal Management Zone Authority.

10.Vizag Port to commence cruise, cargo terminal works

Vizag Port will take up the construction of a cruise and coastal cargo terminal worth Rs 770 mn in the coming months, with financial assistance from the Centre. The Ministry of Tourism has reportedly agreed to bear half the cost needed for the project as a grant.