|Title||Short description||Date of Document/Article||Direct Link|
|Logistics sector to grow at 8-10 per cent over the medium-term; outlook stable||
The domestic logistics sector is set to grow at 8-10 per cent over the medium term with the outlook remaining largely stable, ratings agency ICRA said on Wednesday. The key drivers for demand pick-up would be the festive season as well as the anticipated revival in infrastructure spending post monsoon and improvement in receivable cycle of contractors, it said in a statement.
The ensuing demand momentum will lead to higher freight volumes in the second half of FY2020 despite weak macroeconomic scenario, it added
|Focus now on port led-industrialisation: Sagarmala Development||
The Hindu Business Line
Sagarmala Development Corporate Ltd to shift focus on port-led industrialisation to get cargo to ports than looking at new projects. “With infrastructure lying idle at ports, it has been decided not to look at projects to add more capacity at ports. The focus is more port-led industrialisation, which in turn will get cargo to ports,” according to a senior official of the three-year old Sagarmala Development Corporate Ltd (SDCL), which assists Central/State/port level/private sector Special Purpose Vehicles with equity support for projects to be undertaken by them.
|India's containerised trade growth slowed to one per cent||
India's containerised trade growth slowed to one per cent during April-June 2019 owing to various factors like growing global trade tensions and liquidity issues in the domestic market, the report said.
According to a report by global integrated logistics company Maersk, the trade growth during April-June 2018 stood at a healthy nine per cent growth, almost three times higher than the global growth average of 2-3 per cent.