NHLML, IWAI Sign MoU for Varanasi Logistics Park

12 Mar 2025 CW Team

National Highways Logistics Management Limited (NHLML) and the Inland Waterways Authority of India (IWAI) have signed a Memorandum of Understanding to develop a state-of-the-art Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The agreement was formalized in the presence of Union Ministers Nitin Gadkari and Sarbananda Sonowal.

Spanning 150 acres, the MMLP will be strategically connected to NH7 through a 650-meter access road and will be just 1.5 km from the NH7-NH2 junction. It will also integrate with the Eastern Dedicated Freight Corridor via a 5.1 km railway line from Jeonathpur Station and National Waterway-1, while being located 30 km from Lal Bahadur Shastri Airport.

The project is set to attract significant investment and create employment opportunities, boosting India’s logistics infrastructure, enhancing trade efficiency, and driving economic growth. This initiative underscores India’s commitment to strengthening its logistics sector and positioning itself as a global economic leader.

(PIB)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..