India’s Pristine Logistics & Infraprojects and Summit Alliance Port of Bangladesh sign memorandum of understanding to pursue rail-linked Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Multi Modal Logistics Parks (MMLPs) at strategically important locations in Bangladesh.
In a game-changer initiative, the first Gati Shakti Cargo Terminal (GCT) at Rewari has become operational on Thursday by the Dedicated Freight Corridor Corporation of India (DFCC) in public-private-partnership (PPP) mode.
REWARI : In a game-changer initiative, the first Gati Shakti Cargo Terminal (GCT) at Rewari has become operational on Thursday by the Dedicated Freight Corridor Corporation of India (DFCC) in public-private-partnership (PPP) mode.
The bankruptcy court of Chennai has approved a resolution plan by Pristine Malwa Logistics Park for Sical Logistics Ltd, the bankrupt subsidiary of Coffee Day Enterprises.
In a conversation with Sheetal Agarwal of IIFL, Amit Kumar, Whole-time director, Pristine Logistics & Infraprojects Limited talks about the company’s upcoming IPO and its future growth plans.
“We were in the direct firing line of exporters and importers at CONCOR during 2001-06,” recalls Amit Kumar who, along with three friends – Rajnish Kumar, Durgesh Govil, and Sanjay Mawar – set up Pristine Logistics & Infraprojects Limited
Initiatives announced by the government to create multimodal logistics parks and container terminals will help the logistics sector play a crucial role in propelling India to become a USD 5 trillion economy.
The Indian Railways seeks to raise its modal share in freight from 27 percent to 45 percent by 2030 as part of a commitment to reduce carbon emissions. Pristine Logistics & Infraprojects is looking to tap opportunities this target entails.
Efficient networks connect regions and facilitate trade, enable economies of scale and economic specialisation, and reduce the cost of goods and services for consumers. Freight must flow on the right mode of transport – rail for high-density and long-distance flows, and road for medium-distance and last-mile links – and be connected by logistics hubs to maximise the efficiency of the network.
KEY PRIORITIES OF 2020
The key priorities are:
Driving and embedding digital transformation in the company business strategy
Being responsive to internal clients
Dealing with disruption
Increasing focus on cyber security
Increasing focus on privacy and security of customer data