19 September 2018

Editor's Space

Investment Jamboree


India is truly a land of contrasts! While on hand, we had the NiMo scam revealing the country’s biggest bank fraud, we also had the Virgin CEO, Richard Branson promising to transport us from Mumbai to Pune in less than half hour.


Branson who is also the Chairman of Virgin Hyperloop One announced the framework agreement for constructing the high-capacity passenger and cargo hyperloop at the Magnetic Maharashtra event.


This event was one of the four investor summits hosted by Indian states last month; UP Investors summit, Advantage Assam and Bengal Global Business Summit. Though collectively the summits claimed to have signed Memorandum of Understanding (MoU) worth trillions, it remains to be seen how much of it translates into actual investments on the ground.


But the summits brought out some notable and much-needed developments, namely in the infra and logistics sector.


With the implementation of GST, plans for the National Logistics portal and increased focus on building a multi-modal logistics network, the logistics sector in India is finally getting the attention it deserves. Called the sunrise sector, the sector is expected to grow at the rate of 9-10 per cent per annum.


We have improved our performance globally as well. According to World Bank Logistics Performance Index (LPI), India had jumped to the 35th rank in 2016 from the 54th in 2014. The government further is aiming to grow the industry to $360 Bn by 2032 from the current $115 Bn.


Amidst all this, West Bengal is aiming to strategically position itself as the hub for warehousing and logistics for the country as well as the ASEAN region.


We take a look at how Bangalore-based Embassy Industrial Parks, in a JV with global private equity player Warburg Pincus, plans to shape up this sunrise sector in India.


Have an interesting read!

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