India's logistics sector is likely to cross the US$200 billion by 2020, the country's Minister of State for Road Transport Sarvey Sathyanarayana said recently. "The connectivity and the convenience in operations is the key for sustaining the global trade growth. Currently India's logistics sector is valued at around US$125 billion and is likely to cross the US$200 billion by 2020," he said. He added that the government's increased spending on infrastructue development and greater … [Read more...] about India's logistics sector to hit US$200 billion by 2020
India
India/ME Supplement in September issue
The upcoming India/Middle East Supplement will examine current issues facing the air cargo industry in these regions. The Middle East, led by Dubai, continues to surge ahead with dynamic air cargo growth and substantial investment in infrastructure. India on the other hand continues to struggle with infrastructure issues that have constrained its air cargo growth. While the government and private sector have been actively working on improving airport infrastructure many industry players say it … [Read more...] about India/ME Supplement in September issue
Airbus/Boeing upbeat on India potential
Boeing and Airbus remain upbeat over India’s aviation growth potential, with Airbus upping its 20-year global market forecast for the country, saying India will need 1,032 new aircraft worth US$138 billion by 2028. Airbus’ last forecast released two years back had said that the country would need 992 aircraft worth $105 billion over the same period. Boeing’s current market outlook (2009-2028) for India is only slightly less optimistic with the US carrier … [Read more...] about Airbus/Boeing upbeat on India potential
India to consider upping limit on foreign airline stake
The Indian government is set to consider a proposal to allow foreign airlines pick up to 49 per cent equity in Indian carriers. The government now allows 49 per cent foreign direct investment (FDI) in domestic carriers but bars foreign airlines from holding any stake directly or indirectly. … [Read more...] about India to consider upping limit on foreign airline stake
Aryan Cargo Express to fly early 2010
India’s newest air cargo carrier, Aryan Cargo Express Pvt. Ltd, is likely to start flying early next year, according to managing director Mukut Pathak. “The launch window is between 15 January and 1 February,†he said, adding that the period between February and March is peak season for air cargo. The airline firm will start services with two Airbus A310 freighters it has leased from a Turkish firm. As India recovers from an economic slowdown, domestic air freight has been … [Read more...] about Aryan Cargo Express to fly early 2010
DHL launches life sciences centres in Singapore & India
DHL has announced a US$15 million investment in three Life Science Competence Centers to fulfill what it says is the growing demand for higher levels of quality compliance. Located in Singapore, Mumbai, and Hyderabad, the centres will bolster DHL’s logistics capabilities for the Life Science industry in the region. The company also announced the launch of the DHL Global Forwarding Aid & Relief Logistics unit in Asia Pacific based in Singapore. Drawing on DHL’s expertise in … [Read more...] about DHL launches life sciences centres in Singapore & India
