Minister Gadkari Highlights Aggressive Infrastructure Expansion

Speaking at a session on Opportunity in Infrastructure, Logistics Technology and Equipment in New Delhi this November, the Federal Minister for Road Transport & Highways, Shipping, Water Resources, Nitin Gadkari, said that the  federal government is committed to providing transport and logistics infrastructure in the country.

Gadkari noted that the logistics cost in India was higher than China’s. “We are trying to bring this cost down which will make Indian goods more competitive in the international market,” Gadkari said, adding that the government was prioritizing coastal transport and inland waterways which are priced comparatively lower than road or rail tariffs.

Nitin Gadkari

The Press Information Bureau quoted Gadkari who recounted:

  • Construction work for Logistics Parks  in  Chennai, Bangalore, Hyderabad, Vijayawada, Surat and Guwahati has begun.
  • Construction of National Highways has gathered considerable momentum. Three years ago the country had just 59,652 miles of highways, but this has now grown to nearly 105,633 miles, and will soon reach a length of 124,274 miles.
  • 44 Economic Corridors and 24 Multi Modal Logistics Parks have been planned under the Government’s flagship program Bharatmala. These will facilitate faster movement of farm produce to food processing centers and to markets.  14 Coastal Economic Zones to help fishermen and the fishing industry have been planned under the Sagarmala program. Two mega food processing parks for processing, grading and packaging of fish will also be developed.
  • 111 waterways are being developed as National Waterways.  The rivers Ganga, Brahmaputra, and Barak are already under development. Water transport will reduce logistics costs.
  • The efficiency of the 12 major ports has been growing rapidly, and they have been making profits consistently over the last three years. Dry ports are being developed at Jalna, Vidarbha and Nashik to begin with. The availability of ports will give a boost to movement of goods.

 

November 8, 2017   No Comments

UPS Launches Logistics Facility in India

Atlanta-based UPS, the world’s largest package delivery company and a provider of supply chain management solutions, launched its new integrated logistics facility in Hyderabad, India. “India is one of the fastest growing G20 economies and Hyderabad is fast becoming a ground for implementation of the `Make in India’ initiative, said Jean-Francois Condamine, president, Indian Subcontinent, Middle East and Africa.

Spread over nearly 4,000 square feet, the facility will provide integrated services — small package, supply chain solutions, and contract logistics — to help businesses gain faster and more efficient access to international markets, reports the Times of India.

Rachid Fergati, managing director, Indian Subcontinent, UPS said that sectors such as healthcare, aerospace and manufacturing in the southern state of Telangana, “need logistics partners to create supply chain efficiencies, which is one of UPS’s key focus areas in India. The consolidation of the three key services, backed by UPS’s advanced technology, will help reduce costs, improve efficiency and increase competitiveness for businesses in Hyderabad.”

A warehouse

October 15, 2017   No Comments

Cyient Acquires a U.S. Firm, Signs Licensing Agreement with Another

IT major Cyient, headquartered in Hyderabad, India, entered into a definitive agreement to acquire 100 percent equity in the New Britain, CT-based B&F Design Inc., for an undisclosed sum. This acquisition will strengthen Cyient’s aerospace and defense service offerings, by adding Design, Build and Maintain capabilities centered around Tooling and Precision Engineering.

Cyient holds a strong cash position of $155 million and will continue to look for acquisitions that will enable the company to realize its goal of industry-leading growth, reports the Economic Times.
Cyient Logo
Cision reports that Cyient signed an exclusive software licensing agreement with Elpis Squared a startup software company based in Portland, OR.  The partnership will combine Cyient’s data governance management solution—Intelligent Data Management Solution —with Elpis’ innovative RE|Grid platform to enhance the role of data in supporting electric utilities’ Advanced Distribution Management Systems and Asset Management programs. The joint solution launches at a critical time when utilities are deploying Advanced Metering Infrastructure enabling large-scale data validation using machine-learning and analytics.

October 4, 2017   No Comments

India Sets Up the 5G India 2020 Forum

The Government of India set up a high-level 5G India 2020 Forum to roll out 5G in India by 2020.

The committee will have on board three secretaries, one each from the Department of Telecommunications, IT and Electronics, and Science and Technology Ministries. Other members of the forum will include Dr. A. Paulraj, professor emeritus, Stanford University; Gururaj Deshpande, chairman of Sycamore Networks, U.S.A.; CEOs from India’s ICT industry; officials from the Telecommunications Standards Development Society of India; and professors from the Indian Institute of Technology at Madras, Mumbai, Delhi, and Hyderabad, the Indian Institute of Science Bangalore; as well as stakeholders from industry associations.

The primary goals of 5G India 2020 Forum are: an early deployment of 5G in India, which will require a rapid overhaul of basic infrastructure and a focus on substantial growth of India’s technical ecosystem, and a globally competitive product development and manufacturing ecosystem.

5G connections

Gizbot suggests that a vibrant ecosystem of research built around 5G that encompasses industry, government and academia will further strengthen the Make and Design in India initiatives to enable design and manufacture of 5G technologies, products, and solutions in India.

September 28, 2017   No Comments

Global Entrepreneurship Summit Will Showcase U.S.-India Partnership

U.S. Commerce Secretary Wilbur Ross said that the Global Entrepreneurship Summit to be held in Hyderabad, India, will be another demonstration on how India and the U.S. can work together to advance the digital economy and entrepreneurial skills of their citizens.

To be hosted jointly by India and the U.S. from November 28-30 this year, the theme of this Summit is “Women First, Prosperity for all” and it will focus on supporting women entrepreneurs and fostering economic growth globally. Ivanka Trump will lead the United States delegation to the Summit, reports India Today.

GES Logo

India’s ambassador to the U.S., Navtej Sarna said, “The focus of the summit will be on four key areas: energy and infrastructure, health care and life sciences, financial technology and the digital economy and media and entertainment. This is the first time GES will be hosted in South Asia.”

GES will help participating U.S. companies better understand how to play a role in India’s new business start-up culture, said Alice Wells, Acting Secretary of State for South and Central Asia.

September 22, 2017   No Comments