AVP Infracon Ltd (NSE: AVPINFRA) has secured a Letter of Acceptance from Reliance Mappedu Multi Modal Logistics Park Ltd for a INR 33.34 crore infrastructure project. The contract involves civil and utility works in the South Parcel's Outside Battery Limits (OSBL) area, under BOQ 3 of the master plan. Scheduled for completion in five months, the project enhances AVP Infracon's growing presence in logistics and industrial infrastructure. Managing Director Prasanna Dhandayuthapani highlighted the firm's focus on quality, precision, and safety.Read more
Amber Enterprises is set to invest INR 6,000 crore in developing a large-scale electronics manufacturing facility near the upcoming Noida International Airport in Jewar. The facility, planned over 100 acres in Sector 8 allotted by YEIDA, will focus on PCB assembly, consumer electronics, and home appliances. State officials view this as a major leap in Uttar Pradesh's industrial journey, which is being actively pushed under the leadership of Chief Minister Shri Yogi Adityanath. The initiative is expected to generate substantial employment and boost the region's manufacturing ecosystem.Read more
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
Tesla India Motor & Energy Pvt Ltd has secured a 24,565 sq ft warehousing facility in Lodha Logistics Park, Kurla-West, Mumbai, with a starting monthly rent of INR 37.53 lakh. The lease, spanning five years, was signed with Macrotech Developers Ltd and includes a 5% annual escalation clause. According to CRE Matrix, the total lease outflow is expected to reach INR 24 crore. This development marks another step in Tesla's multi-city rollout strategy in India, which includes previous activity in Pune, BKC, and Delhi-NCR. The warehousing operations are scheduled to begin in the coming year.Read more
Schaeffler India has inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu, marking a significant expansion in the company's operations. The 16,500 square meter plant focuses on producing powertrain and chassis components, including technologies for both conventional and hybrid vehicles. This move aligns with Schaeffler's strategy to enhance its local capabilities and cater to the growing automotive demands in India. The facility is part of a broader 108,000 square meter development, with full-scale production expected by the fourth quarter of 2025. The company has invested INR 1,700 crore between 2022 and 2024, surpassing its initial commitment of INR 1,500 crore. This investment underscores Schaeffler's commitment to India's 'Make in India' initiative and its focus on sustainable manufacturing practices.Read more
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
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
GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of GMR Airports Ltd, has initiated steps to fully acquire ESR GMR Logistics Park Pvt Ltd (EGLPPL) by purchasing the remaining 70% stake for a little over INR 41 crore. GMR Hyderabad Aerotropolis Ltd, already holding a 30% share, is set to make EGLPPL a wholly owned subsidiary. This acquisition aligns with GHIAL's broader vision to expand its airport land development portfolio in Hyderabad, focusing on sectors like warehousing, industrial, commercial, hospitality, and retail to support regional economic growth.Read more
GS1 India is set to host the GS1 General Assembly 2025 in Mumbai, scheduled for the coming week. The three-day event will bring together over 250 global leaders, including representatives from the GS1 Management Board and Chairpersons and CEOs from 118 member organisations. With the theme 'Building Bridges for a Better Tomorrow,' the assembly will focus on the launch of GS1 Vision 2030, which outlines the strategic direction for global supply chains to become more digital, resilient, and sustainable. Attendees will discuss the impact of emerging technologies like AI and Blockchain and the transition to next-generation barcodes under the Ambition 2027 initiative.Read more
The Municipal Corporation of Delhi (MCD) has announced plans to expand its zero-waste initiative by adding 200 new colonies by 2027, aiming to process an additional 25 tonnes of waste daily. Currently, 633 areas, including 593 residential colonies and 40 institutions, manage approximately 100 tonnes of waste each day through segregation and composting. Launched in September 2022 under the 'Swachhta Abhiyan,' the program faces challenges such as limited space, community engagement, and stringent certification criteria. Incentive schemes like "Harit Mitra" and 'Sahbhagita' offer property tax rebates to encourage participation.Read more