06 Jun 2025
Shree Cement Ltd has entered into a five-year Memorandum of Understanding with RITES Ltd, a public sector undertaking under the Ministry of Railways, to enhance its railway logistics infrastructure across India. The collaboration aims to facilitate the sustainable and efficient transportation of raw materials and finished products across Shree Cement's manufacturing facilities. As part of the agreement, RITES will provide end-to-end services-ranging from conceptualisation to commissioning-for the development, renovation, and upgrading of rail connectivity. The MoU, which can be extended with mutual consent, also includes regulatory approvals and assistance with contractor selection.Read more
02 Jun 2025
US-based industrial real estate major Panattoni will invest EUR 100 million (approx. INR 900 crore) to expand its presence in India's key industrial corridors. The investment includes Panattoni Park Hosur I, a 25-acre Grade-A industrial and logistics park in Hosur, Tamil Nadu. The park will serve sectors such as e-commerce, 3PL, FMCG, and manufacturing, with Phase 1 offering 550,000 sq. ft. of built-up space. Construction starts in Q3 2025, with completion slated for Q2 2026. The project will incorporate green building and ESG standards. This follows Panattoni's first Indian project, Panattoni Park NH71 in Delhi NCR, launched in 2024. The company's expansion aligns with India's rising demand for modern logistics infrastructure, driven by strong economic growth and government supply chain initiatives. The Hosur project is expected to boost regional economic activity and position Hosur as an emerging logistics hub.Read more
30 May 2025
The South Korean logistics giant CJ Logistics Corporation has increased its footprint in India by investing USD 32 million in CJ Darcl Logistics, its Indian subsidiary. This capital infusion has increased its stake from 51% to 100%, effectively making CJ Darcl a wholly-owned subsidiary. The deal, which involved buying out the stake of Indian promoters, was executed through a rights issue. CJ Darcl, previously a joint venture, had already established itself as one of India's leading logistics firms post CJ's initial investment in 2017. This move is expected to solidify CJ's strategic expansion and operations in India.Read more