CARGOCONNECT-APRIL2025 - Flipbook - Page 60
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Maersk to invest US$5 billion in
India’s ports and logistics
A
P Moller Maersk plans
to invest US$5 billion in
India’s ports, terminals,
and landside infrastructure. The
investment will focus on expanding Pipavav Terminal, developing
a container terminal at Vadhavan
Port, and enhancing logistics
services. Maersk has earmarked
funds for Vadhavan, pending
the bidding process, while
Pipavav’s dredging project will
begin immediately. The company
aims to reduce logistics costs
by integrating transportation,
port handling, warehousing,
and distribution. Maersk is also
expanding its warehousing and
supply chain services to support India’s growing trade. The
company recently discussed these
plans with PM Narendra Modi.
India’s logistics sector to strengthen with
infrastructure push: Nitin Gadkari
U
nion Road Transport and
Highways Minister Nitin
Gadkari emphasised that
India’s infrastructure expansion
will enhance its logistics sector,
making it globally competitive
with China and the US. Key initiatives include highway expansion,
expressways, multimodal logistics
parks, and improved port connectivity, all aimed at reducing transportation
costs and boosting e昀케ciency. He
highlighted the modernisation of
road networks and freight corridors
to attract foreign investment and
strengthen India’s global trade
position. Gadkari also stressed
the adoption of sustainable, ecofriendly technologies, positioning
India as a future logistics powerhouse while promoting economic
growth and green infrastructure.
Bengaluru metro
eyes cargo services
to boost revenue with
logistics tie-ups
angalore Metro Rail CorporaBintroduce
tion Ltd (BMRCL) plans to
cargo transportation
to enhance non-fare revenue,
inspired by Delhi Metro’s hybrid
model. Byappanahalli is set to
be the central logistics hub,
with BMRCL engaging logistics
and e-commerce firms for collaboration. A dedicated coach
for cargo during non-peak
hours is being considered.
Additionally, BMRCL is expanding revenue streams through
advertising, train wrapping,
retail spaces, and metro station
co-branding. With tenders
invited for semi-naming rights,
these initiatives aim to boost
financial sustainability, improve
last-mile logistics, and reduce
traffic congestion and pollution
in Bengaluru.
Tata Group ties
Alliance with Elon
Musk’s Tesla to go
global in EV supply
chain
India plans to increase Iran’s Chabahar Port
capacity by 5 times in next 10 years
I
ndia plans to invest `4,000
crore to expand and modernise
Iran’s Chabahar Port, increasing its capacity to 500,000 TEUs
in ten years. India Ports Global
Ltd (IPGL) has ordered 昀椀ve mobile
harbour cranes and is working
to attract Indian shipping 昀椀rms.
Chabahar’s trade links via the
INSTC have already boosted vessel
tra昀케c by 43% and container traf昀椀c by 34%. Despite US sanctions
concerns, India continues investing
in the port. Additionally, India is
developing Myanmar’s Sittwe Port
and Sri Lanka’s Kankesanthurai
Port to strengthen regional trade
under its Act East Policy.
Indian warehousing and logistics sector
surges 203% in 2024: Vestian
I
ndia’s warehousing and logistics sector secured US$1.96
billion in investments in 2024, accounting for 29% of
total real estate investments, as per Vestian’s report.
Investment in昀氀ows surged 203% YoY, driven by the
quick commerce boom, leading to a record absorption
of 44.9 mn sq ft (19% growth). Mumbai led with 18.6
mn sq ft, while Pune saw an 85% rise. 3PL companies
dominated with 33% absorption, and engineering &
manufacturing rose to 24%, fueled by PLI and ‘Make
in India’ initiatives. Government mega infrastructure
projects and strong investor sentiment are set to further
boost the sector’s growth.
60 | CARGOCONNECT APRIL 2025
ata Group companies, Tata
Tnologies,
AutoComp, TCS, Tata Techand Tata Electronics,
have established themselves
as key global suppliers to
Tesla, contributing to US$2
billion worth of Indian supplies
in FY24. As Tesla explores
manufacturing in India, these
firms are well-positioned for
expanded opportunities. Senior
Tesla executives have engaged
with Indian suppliers to enhance
the local supply ecosystem,
discussing castings, forgings,
electronics, and fabrication
components. Industry insiders
suggest Tesla is preparing its
supplier base in India, signaling
significant future sourcing
potential for Indian manufacturers once the company sets
up operations locally.
