Kerry Logistics Network Limited, a leading logistics service provider in Asia, has entered into memorandum of understanding to increase its stake in Indev Logistics Pvt. Ltd., a well-established Indian logistics company headquartered in Chennai, from 30 per cent to 50 per cent. Kerry noted that a key driver behind this was its increasingly positive view of India’s economic prospects. The announcement was made at the re-branding ceremony held on 13 April in New Delhi with Nirmala … [Read more...] about Kerry ups stake in India’s INDEV logistics, eyes pan-India scope
Make in India
AIR CARGO INDIA: Cargo ‘making it in India’
India’s air cargo sector is expected to grow by more than 180 per cent within the next 15 years, in a large part boosted by Indian Prime Minister Narendra Modi’s 'Make in India’ campaign focusing on growing manufacturing from its present 15 per cent of GDP to a full 25 per cent by 2022, according to Dr Renu Singh Parmar, senior adviser for India’s ministry of civil aviation. She also estimated that India's air cargo throughput would rise from 2.6 million tonnes in 2015 to nearly 8.7 million … [Read more...] about AIR CARGO INDIA: Cargo ‘making it in India’
AIR CARGO INDIA: Cargo ‘making it in India'
India’s air cargo sector is expected to grow by more than 180 per cent within the next 15 years, in a large part boosted by Indian Prime Minister Narendra Modi’s 'Make in India’ campaign focusing on growing manufacturing from its present 15 per cent of GDP to a full 25 per cent by 2022, according to Dr Renu Singh Parmar, senior adviser for India’s ministry of civil aviation. She also estimated that India's air cargo throughput would rise from 2.6 million tonnes in 2015 to nearly 8.7 million … [Read more...] about AIR CARGO INDIA: Cargo ‘making it in India'
