UP Leaders Review Progress At Jewar International Airport
Andhra Pradesh Clears New Logistics Infrastructure Agency
Chief Minister N. Chandrababu Naidu has approved the creation of the Andhra Pradesh Logistics Infrastructure Corporation (AP-LInC), a new nodal agency designed to strengthen and streamline logistics across the state. The decision was taken during a review meeting at the State Secretariat on Tuesday. AP-LInC will function as a government-led holding company, integrating five key sectors — ports, airports, roads, inland waterways and warehouses — to reduce logistics costs and attract large-scale investment. The corporation will be responsible for implementing, coordinating and monitoring l..
GMR Cargo Secures Rs 7.5 Billion Loan For Delhi Cargo City
GMR Airports’ subsidiary, GMR Cargo and Logistics (GCLL), has secured a term loan facility of up to Rs 7.5 billion from Axis Bank to support the development of the upcoming cargo city at Delhi’s Indira Gandhi International Airport (IGIA), according to a recent exchange filing. The loan will fund the construction of the cargo city project, which spans 50.5 acres within IGIA. The airport is operated by Delhi International Airport Ltd (DIAL), itself a subsidiary of GMR Airports. To secure the facility, GMR Airports has provided a Sponsor Support Undertaking (SSU), along with a pledge, a Non..
