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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Rhenus expands presence in Indian logistics industry

The Rhenus Group, as a global logistics service provider, has expanded its warehousing footprint by launching two new multi-user chemical warehouses in Jamalpur (Gurugram) and Bhiwandi (Mumbai).

Rhenus expands its presence in Indian logistics industry

The company will be launching two new multi-user chemical warehouses in Jamalpur (Gurugram) and Bhiwandi (Mumbai).

The Concrete Advantage!

The concrete equipment market is expected to rise on account of anticipated growth in the construction industry, increasing FDIs, and the rising number of smart city projects in the country.

Stainless steel industry seeks import duty cut on key raw materials

The Indian stainless steel industry has urged the Union Government to slash the existing import duties on key raw materials in the upcoming Union Budget 2021-22.

Stainless steel industry seeks import duty cut on key raw materials

ISSDA seeks exemption of the 2.5 per cent basic customs duty levied while importing key raw materials

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Allcargo augments growth in Africa

Allcargo Logistics has taken giant strides to accelerate growth across Africa’s vast logistics ecosystem.

Cautiously Optimistic

The members of VDMA Construction Equipment are looking at the future with confidence. Industry representatives expect a slight decline in sales of 3-5 per cent this year at an overall stable level.

Gujarat Pipavav Port organises training on upskilling at the port

Gujarat Pipavav Port (GPPL), and Pipavav Customs Brokers association (PCBA), in partnership with the Logistics Sector Skills Council; organised a daylong seminar-cum-training titled "Recognition of Prior Learning of Logistics (RPL)", at the port.

Gujarat Pipavav Port organises training on upskilling at the port

Gujarat Pipavav Port (GPPL), and Pipavav Customs Brokers association (PCBA), in partnership with the Logistics Sector Skills Council; organised a daylong seminar-cum-training titled ?Recognition of Prior Learning of Logistics (RPL)?, at the port.

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

XCMG opens spare parts centre in Mongolia

XCMG has officially opened the company?s first spare parts centre in Ulaanbaatar, Mongolia, on July 23. The announcement is the final piece of XCMG?s supply chain jigsaw in the region and will allow XCMG to provide all-around support and services for customers in Mongolia.

Localising production will be key

Doosan Bobcat India launched the E-27 mini excavator, apart from its signature products of skid-steer loaders.

A Unique Business Partnership from gati

Gati Import Export Trading Ltd (GIETL), a subsidiary of Gati Ltd, offers clients a unique business partnership in domestic distribution management with logistics efficiency as focus.

Partner for Success

Picture a manufactured product which has more than 20,000 unique components. These components are sourced from over 250 vendors, with 10 per cent of these vendors located outside the domestic shores.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

DHL opens integrated warehouse facility near Bengaluru airport

DHL Global Forwarding has inaugurated its first integrated warehousing site in Bengaluru. The new facility will provide both customs bonded and domestic warehousing solutions to its customers.

Direct port delivery plan to play spoilsport on CFS

The Central Government?s step to introduce direct port delivery (DPD) to speed up delivery of cargo containers to importers/consignees to check extra cost and time involved in the clearances is expected to impact the business of container freight stations (CFS) near the major ports of Jawaharlal Nehru Port (JNPT) and Chennai.

DSC Dredge bags Bangladesh order for portable cutter suction dredges

DSC Dredge recently shipped one of three new 18-inch Shark Class portable cutter suction dredges to contractors in Bangladesh.

APM Terminals Pipavav implements e-SMTP

APM Terminals Pipavav has successfully implemented e-SMTP (electronic sub-manifest transshipment permit) at its port beginning 2017.

Gateway Distriparks starts CFS at Krishnapatnam Port

Gateway Distriparks (GDL) announced the construction of the first phase of its Logistics Park and Container Freight Station (CFS) next to the Krishnapatnam Port Container Terminal has been completed and after receiving all necessary statutory approvals from the Customs Department, the facility is ready to commence operations.

BICES 2017 205-Day Countdown Ceremony

On February 27, the 14th Beijing International Construction Machinery Exhibition & Seminar (BICES 2017) ushers in its 205-day countdown, and all sponsors of BICES jointly organised and held the Countdown Press Conference in Beijing.

BICES 2017 205-Day Countdown Ceremony

On February 27, 2017, February 2 in the lunar calendar, the traditional ?Dragon Head-Raising Day? when all things begin to grow up, the 14th Beijing International Construction Machinery Exhibition & Seminar (BICES 2017) ushers in its 205-day countdown, and all sponsors of BICES jointly organized and held the Countdown Press Conference in Beijing.

Gateway Distriparks starts CFS at Krishnapatnam Port

Gateway Distriparks (GDL) announced the construction of the first phase of its Logistics Park and Container Freight Station (CFS) next to the Krishnapatnam Port Container Terminal has been completed and after receiving all necessary statutory approvals from the Customs Department, the facility is ready to commence operations.

APM Terminals Pipavav implements e-SMTP

APM Terminals Pipavav has successfully implemented e-SMTP (electronic sub-manifest transshipment permit) at its port beginning 2017.

Imposition of anti-dumping duty have least impact

Indian Stainless Steel Development Association (ISSDA) said that the impact of the imposition of anti dumping duty on cold rolled (CR)

Power Tools Evolving

Efficiency, safety and productivity are the three major factors that drive the demand for power tools infuture. Major players in the industry are engaged in the development and introduction of innovative products

Off The Road (OTR) tyres rolling

Having recognised the huge potential in the immediate and distant future, once again the Indian tyre industry has focused on introducing new sizes and variants of OTR tyres.

CFSAI?s new office inaugurated

Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at Anchorage Building in Dronagiri Node.

Heavy Lift Anablers

India has witnessed an influx of new software-assisted multiple application-specific boom configured heavy lifters. Despite the economic slowdown taking the wind out of the sail for the heavy lift cranes? suppliers

Ready for Long Haulage

COMMERCIAL vehicle industry experienced one of the worst and the longest spell of recessions during last three years. However, the good news is that it is reviving now. The heavy-duty (HD) trucks industry hit the peak level in 2011 with a sales of 241,000 and it dropped to 130,000 in 2013.

A young visionary

A Mumbai University Topper, Tejasvi Lakhani completed her Bachelors in Mass Media from HR College of Commerce and Economics.

Our efforts have always been to make the most fuel-efficient machines.

The LiuGong excavator provides the highest productivity in its class, with its effortless hydraulic controls and spacious cabin. LiuGong lays lot of emphasis on operator comfort in order to increase operator efficiency. The machine operates at a higher pressure and hydraulic flow which results in better breakout force and faster cycle time, which further leads to better fuel efficiency, says Rohit Punjabi, Assistant Director (Strategy & Planning), LiuGong India. Excerpts of the interview.

Filtration expert

A Physics Honours Graduate, Kanwal Deep Sahni, Joint Managing Director, Elofic Industries, has studied the international filter market closely, having over 35 years of experience in commercial operations and the marketing of filters, both in India and abroad. He has an in-depth understanding of the mechanics of filtration. Sahni has evolved and experimented with modern marketing strategies and methods with a thorough understanding of the filter market in India as well as abroad. He has participa

IEEMA appeals to PM

The Indian Electrical & Electronics Manufacturers' Association (IEEMA) has appealed to the Prime Minister to intervene and safeguard the interests of Indian manufacturers against the constant onslaught of imported equipment in the power sector, especially from China.

States asked to introduce rules to prevent illegal mining

In order to curb irregularities in the mining sector, the section 23C of the MMDR (Mines and Mineral Development and Regulation) Act, 1957 empowers states to frame appropriate rules. The union government asked states to introduce rules under this section to prevent illegal mining, transportation and storage of

Allcargo relocates critical cargo

Allcargo Logistics announced the successful relocation of a critical de-aerator for its client Reliance Power to its Sasan 6 x 660 MW Ultra Mega Power Project (UMPP).

CAT opens distribution centre in Middle East

Caterpillar has opened a new parts distribution facility in Dubai, located in the Jebel Ali Free Zone. The formal opening of the new Caterpillar Middle East Parts Distribution Center (MEDC) was attended by Caterpillar Group President Stu Levenick, Caterpillar Vice

Huge surge on the horizon

There is going to be huge surge in the demand for material handling equipment at Indian ports, for both bulk and container handling. Also, containerisation as a medium of trade will grow steadily to the levels of developed countries;

Coal importers evade duty via false classification

The Directorate of Revenue Intelligence (DRI) in Gujarat detected around Rs 600 crore of import duty evasion by coal importers by falsely classifying coal in 2012-13. These coal importers have allegedly evaded duty by reporting bituminous coal imports as steam coal. Earlier, the government waived customs duty on steam coal and imposed only a concessional countervailing duty (CVD

21% duty on power equip import

The government decided to slap 21 per cent duty on imports of power equipment, mainly to protect domestic companies from cheap Chinese shipments.

Higher dosage needed, Doctor!

The recent reduction of repo and reverse repo rates by 50 basis points each (from 8.5 to 8 per cent) for repo rate and from 7.5 to 7 per cent for reverse repo rate) is seen as a welcome development as this initiative may spark off fresh investments,

Marching Ahead

Though the Union Budget 2012-13 is not considered to be much of a game changer, it augurs well for the infrastructure and equipment manufacturing segments. The enhancement of sectoral allocations, doubling of the amount of tax-free bonds to be raised for infrastructure in FY13,

Our aim is to develop a handling capacity of 180 MMTPA by 2020

We intend to invest in berths and equipment at both these locations, to increase our capacity to around 60 MMTPA. These investments would be not only in equipment for bulk handling

Budget Quotes

The Budget 2012-13 aims at sprucing up the country?s infrastructure and readying it for higher growth. Stalwarts from the construction equipment industry respond to the budget.

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