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NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

Gati appoints Shashi Kiran Shetty as Chairman

Express logistics company Gati has appointed Allcargo CMD Shashi Kiran Shetty its Chairman in a move that will expedite its turnaround in a big way

Hindustan Infralog acquires 90 per cent stake in Continental Warehousing Corp

Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava Sheva) (CWCNSL), an integrated multimodal logistics player in India.

Reasons to cheer

Better late than never. The Central Government has finally lowered the GST rate on construction and mining equipment to 18 per cent, from 28 per cent. Though, for some 15 per cent products, GST still remains 28 per cent, according to industry sources.

Multi-modal logistics park in Kerala

Kerala has been included in the list of 11 states to have multimodal logistics parks, at a cost of Rs 32,853 crore

Central India?s 1st multimodal logistic park to start soon

Central India?s first multimodal logistics park (MMLP) would be operational from August at Tehi, near Pithampur.

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