Indias logistics market to be $307 billion by 2020
The Dollar Business Bureau India’s logistics market is estimated to be worth $307 billion by 2020, stated the Minister of State for Drinking Water & Sanitation, Ram Kripal Yadav on Wednesday. The country spends about 14.4 percent of its Gross Domestic Product (GDP) on transportation and logistics as compared to below 8 percent spent by other developing nations, said Yadav at a conference organised by the ASSOCHAM (The Associated Chambers of Commerce and Industry of India). The Minister said that the creation of dedicated corridors for rail freight will support effective haulage of cargo containers by rail. The key benefit of the dedicated corridor is that freight trains could run on the basis of time tables just ...
APM Terminals Mumbai close to completing its container weighing project
The Dollar Business Bureau As part of its ongoing efforts to provide a safe working environment to all stakeholders, APM Terminals Mumbai is now in the final stages of completing its container weighing project that will help in identifying weights in mis-declared containers. The terminal also known as Gateway Terminals India (GTI) set a new benchmark recording 164,678 TEUs in February 2015 surpassing its previous high container handling of 162,946 TEUs in February 2013. The February volumes recorded at GTI in 2015 is the highest throughput achieved by an Indian container terminal in the given month. “APM Terminals Mumbai ranks among the top four productive terminals globally. Special thanks to the trade for appreciating the various initiative undertaken at ...
