Sree Vijaykumar | From the Editor's Desk The logistics sector has finally received infrastructure status by the Indian government. The move is expected to help the sector attract more funding at competitive rates. Amending the existing framework, a notification issued by the Department of Economic Affairs (DEA) has widened the category of infrastructure sub-sectors to "transport and logistics" from the earlier sub-head of "transport". Receiving infrastructure status would also help secure the sector - largely comprising small and medium enterprise (SME) - secure credit on a long-term basis. The definition of logistics includes industrial parks, warehouses, cold storage and transportation companies. According to the notification issued by the government, logistics infrastructure includes multimodal logistics parks comprising inland container depots (ICD) with a minimum investment of Rs 50 crore and a minimum area of 10 acres. Further, a cold chain facility having an investment of at least Rs 15 crore as well as warehousing facility with investment of minimum Rs 25 crore would come under logistics infrastructure. In both cases, the facilities should also have a minimum required area. Read On ..
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Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). | | Advt: MSME's Innovation Summit 2017 What's New at the MSME's Innovation Summit? We are India's first start-up to launch a lead generation portal called "C-Cart ", introduced on June 2017 and is currently being used by 1/3rd of the Real Estate buyers and sellers across the nation. . |
Alibaba to buy 36.2 per cent Sun Art for $2.9 billionIndiaRetailNews.com provides news, analysis, jobs, B2B directory services and event information for the Indian Retail industry India: Mass protest sits in for jobs, minimum wageMore than 100,000 people took part in a three-day sit-in outside the national parliament in New Delhi over November 9-11 against the "anti-worker, anti-farmer and anti-national policies" of Prime Minister Narendra Modi's government, Inuth.com said November 13. Ten national trade unions and many other workers' organisations from across India took part to campaign for a 12-point workers' rights charter. TeleSUR English said on November 9 that the workers demanded wage rises; price controls; an end to the labour-contracting system; an end to privatisation infiltration of foreign capital; and welfare cuts. The article said the protest, which was coordinated by various communists parties, "marks an emerging sense of unity in what has previously been a fragmented trade-union movement in India". |
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How the military fights climate change | David TitleyMilitary leaders have known for millennia that the time to prepare for a challenge is before it hits you, says scientist and retired US Navy officer David Titley. He takes us from the humanitarian catastrophe in Syria to the icy shores of Svalbard to show how the military approaches the threat of climate change, in a refreshingly practical, nonpartisan take on climate preparedness. "The ice doesn't care who's in the White House. It doesn't care which party controls your congress. It doesn't care which party controls your parliament," Titley says. "It just melts." Alibaba takes $2.9 billion stake in food retailerChina's largest e-commerce platform has invested heavily in recent years to connect its online and offline portfolio of businesses, taking stakes in several Chinese grocers, shopping malls and department stores. TradeBriefs Publications are read by over 10,00,000 Industry Executives |
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