Rail, highways, waterways authorities sign logistics pact

26 Aug 2022 CW Team

A tripartite agreement for the development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna was signed in the presence of Nitin Gadkari, Union Minister of Road Transport and Highways, this week.

The agreement was signed by National Highways Logistics Management Ltd (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Ltd (RVNL). It aims to centralize freight consolidation and reduce logistics cost from 14 per cent to less than 10 per cent of GDP, at par with international standards. The logistic park will be developed under the ‘hub and spoke’ model.

Speaking on the occasion, Gadkari said that he was elated to witness the signing of MoU as it will provide seamless modal shift. MMLPs will ensure that cargo is swapped/shifted from and to waterways, dedicated freight corridors and road transport.

The MMLP will act as a freight handling facility with rail and road accessibility, comprising of container terminals, cargo terminals (bulk, break-bulk), warehouses, cold storage, facilities for mechanised material handling and value-added services such as customs clearance with bonded storage yards, quarantine zones, testing facilities and warehousing management services etc along with other associated facilities.

Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal and Union Minister of State for Road Transport & Highways, Gen (Retd) V K Singh were amongst those present at the ceremony.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..