
Budget push for logistics to boost hinterland manufacturing
FM Nirmala Sitharaman said that government targets to develop 100 cargo terminals for multimodal logistics facilities over the next three years.
FM Nirmala Sitharaman said that government targets to develop 100 cargo terminals for multimodal logistics facilities over the next three years.
The recent crisis at the Suez Canal has thrown up questions about the viability of our existing supply chain networks. To stop the crisis from repeating again, these networks need to be revamped.
The Vallarpadam Terminal, which was supposed to handle 5.5 million containers per annum on completion of the third phase, currently handles a paltry 6.2 lakh containers.
India’s largest private port operator is steadily expanding its capacity on both the east and west coasts, using a mix of organic and inorganic options.
The shipping industry has undergone a sea change in the last decade. And now, with the advent of newer technologies, such as automation and A.I., the industry is slated to change even further.
Pitney Bowes, established 99 years ago as a mail services company, on how it has evolved into a global technology firm.