Author: Cargo Insights

CII’s initiative aims to boost India’s logistics sector, creating jobs, attracting investments, and fostering global competitiveness. The Confederation of Indian Industry (CII) has unveiled a plan to position India as a global logistics hub, emphasising collaboration among stakeholders to unlock opportunities across industries and regions. The initiative aims to drive employment, investment, and economic growth by leveraging India’s strengths. India’s logistics sector is expanding, fueled by e-commerce, manufacturing, and global capability centers (GCCs). The sector is expected to generate 15-17 million jobs by 2030. CII highlighted the country’s developing infrastructure, skilled workforce, and thriving startup ecosystem as key enablers for…

India aims to become a global hub for electronics, focusing on quality, competitive pricing, and resilient supply chains. Commerce and Industry Minister Piyush Goyal has urged the electronics industry to enhance supply chains, upgrade quality, and offer globally competitive products. Speaking at the 16th edition of ELECRAMA, organised by IEEMA, he emphasised the need to balance MSME interests with consumer benefits, warning against excessive protectionism. Goyal highlighted India’s electronics sector’s rapid rise, now the country’s second-largest export category in 2025, up from 167th in 2015. January alone saw $3 billion in exports, and the industry is now targeting $100 billion…

170 mw solar power PPA signed with Madhya Pradesh; railways urges nationwide collaboration in green energy. Indian Railways is making significant strides towards achieving its Net Zero target, with Union Minister Shri Ashwini Vaishnaw reaffirming the commitment to 100% electrification and maximizing renewable energy adoption. Speaking at the Global Investors Summit 2025, the Minister highlighted key developments, including the signing of a 170 MW Power Purchase Agreement (PPA) with the Madhya Pradesh government, securing India’s cheapest solar power at ₹2.15/kWh. With 4,260 MW of installed solar and 3,427 MW of wind energy, Indian Railways is steadily reducing dependence on fossil…

Govt focuses on smart cities, green highways, and multimodal transport for growth. The government is committed to developing a sustainable, resilient, and future-ready infrastructure ecosystem, Commerce and Industry Minister Shri Piyush Goyal said during his virtual address at the second edition of Build India Infra Awards 2025 on February 24. He highlighted the ₹11.21 trillion allocation in the Budget 2025-26 for infrastructure, aiming to enhance mobility, create jobs, and boost economic opportunities. Goyal emphasised that under Prime Minister Shri Narendra Modi’s leadership, the PM Gati Shakti initiative is streamlining multimodal transport, reducing logistics costs, and strengthening economic potential. He praised…

India fosters a business-friendly climate, prioritizing regulatory stability and SME growth for a robust economic future. The government remains committed to fostering a conducive investment environment, ensuring regulatory stability, and improving the Ease of Doing Business in India, Commerce and Industry Minister Shri Piyush Goyal stated during a virtual address at the Pune International Business Summit 2025. The event, hosted by the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) on February 24, saw participation from over 20 countries, reflecting global confidence in India’s economic resilience. Goyal highlighted that recent visits by Prime Minister Shri Narendra Modi to the USA…

Kashmir’s handicraft exports have reached ₹2,567 crore in two years, with projections to hit ₹3,000 crore by March 2025. Kashmir’s renowned handicraft and handloom sector has recorded exports worth ₹2,567 crore over the last two fiscal years. Officials anticipate the figure to reach ₹3,000 crore by the end of March 2025. According to the Handicrafts and Handloom Department, Kani and Sozni shawls led exports with ₹1,105 crore, followed by hand-knotted carpets at ₹728 crore. Other major exports include papier-mâché, crewel, chain stitch, and wood carving. Despite global trade disruptions, the government is offering a 10% export subsidy, up to ₹5…

India’s agricultural exports have surged, with several products reaching international markets for the first time. India has made significant strides in agricultural exports, with multiple homegrown products entering new international markets. For the first time, premium varieties of Indian pomegranates were shipped to Australia, expanding fresh fruit trade opportunities. GI-tagged Purandar figs have gained traction in Europe, with exports to Germany and Poland. Dragon fruit, known as Kamalam, was exported to London and Bahrain, sourced from Gujarat and West Bengal. The Northeast is also making its mark, with Assam’s Burmese grapes reaching Dubai and fresh jackfruit from Tripura exported to…

Defence Minister Rajnath Singh announced that India’s defence exports hit ₹23,000 crore in 2023-24, with a ₹50,000 crore target by 2029. India has achieved 88% self-sufficiency in ammunition production, with defence exports reaching ₹23,000 crore in 2023-24, Defence Minister Rajnath Singh said on Monday. Speaking at the 16th Foundation Day of IIT Mandi, he highlighted the government’s efforts to build a robust defence industry that strengthens national security and boosts economic growth. Singh set an ambitious goal of ₹50,000 crore in defence exports by 2029 and urged students to contribute to technological advancements in the sector. He emphasised innovation in…

Pakistan and Bangladesh have restarted direct trade after 53 years, with the first shipment of rice departing from Port Qasim. For the first time since 1971, Pakistan and Bangladesh have resumed direct trade, marking a significant milestone in their economic relations. A Pakistan National Shipping Corporation (PNSC) vessel carrying 50,000 tonnes of rice has departed from Port Qasim, with the first batch en route to Bangladesh. The trade agreement, finalised in early February, enables Bangladesh to import the rice through the Trading Corporation of Pakistan (TCP). The shipment will be delivered in two phases, with the second batch of 25,000…

Rhenus launches a 180,000 sq. ft. Central Distribution Centre for IKEA in Gurugram, enhancing logistics with sustainable solutions. Global logistics leader Rhenus Group has inaugurated IKEA’s first fully outsourced Central Distribution Centre (CDC) in India. Located in Farrukh-Nagar, Gurugram, the 180,000-square-foot facility is set to streamline storage and fulfillment for over 7,000 IKEA products, initially catering to Delhi NCR and eventually expanding to northern markets. With a storage capacity of 129,166 square feet, the facility integrates Rhenus’ advanced Warehouse Management System (WMS) for seamless electronic data interchange and efficient last-mile deliveries. Equipped with cutting-edge material handling systems, the CDC is…

Piyush Goyal highlights India’s deep economic and cultural ties with Japan, emphasising trade, investment, and infrastructure collaboration. India and Japan share a strategic partnership built on democracy, culture, and economic cooperation, said Commerce and Industry Minister Piyush Goyal at the India-Japan Economy and Investment Forum. He highlighted Japan’s crucial role in India’s growth, with FDI exceeding $43 billion since 2000, making it the fifth-largest investor. Goyal noted that Japan’s presence in India includes over 1,400 companies and 11 industrial townships. Key projects such as the Mumbai-Ahmedabad High-Speed Rail and metro systems in major cities showcase Japan’s active participation. He emphasised…

Swiggy plans to invest ₹1,000 crore in Scootsy, focusing on enhancing supply chain efficiency and value-added services. Swiggy has announced a ₹1,000 crore investment in its supply chain subsidiary, Scootsy, through multiple tranches, as per a regulatory filing on Friday. Despite the investment, Scootsy will remain a wholly-owned subsidiary of Swiggy, with no change in shareholding. Scootsy reported a turnover of ₹5,195.7 crore for the financial year ending March 31, 2024, reflecting significant growth from ₹3,686 crore in the previous year. The company specialises in warehouse management, value-added in-warehouse processing, and streamlined order fulfillment services for wholesalers and retailers. This…