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India unveils Port Performance Index, maritime digital reforms to boost global competitiveness
Sarbananda Sonowal said, “We have introduced the Logistics Port Performance Index (LPPI) for FY 2024-25. It is a major step towards improving the efficiency, transparency & global competitiveness of Indian ports. By promoting continuous improvement & global benchmarking, it will strengthen India’s position as a leading maritime power.”
Cochin Shipyard to invest in deeptech platform Maritech
Cochin Shipyard has invested 5% in Maritech Integrated Maritime's deeptech platform, Integrated Maritime Exchange (IME), under its USHUS startup program. This initiative aims to bolster India's maritime ecosystem by fostering digital solutions for logistics and port services. The investment aligns with the government's vision for technological advancement in the maritime sector.
Welspun One leases 65,000 sq ft at JNPA SEZ to Balmer Lawrie for SEZ warehousing expansion
Welspun One and Balmer Lawrie have signed an agreement for warehousing space at WTC Nhava Sheva. This marks Welspun One's first partnership with a government-owned company. Balmer Lawrie will use the facility to expand its logistics operations. The development is expected to be operational by early 2027. This collaboration aims to enhance SEZ warehousing and port-linked logistics services.