Global logistics market leader, DHL is setting up a logistics and warehousing facility with an initial investment of $10 million at the upcoming free trade warehousing zone ( FTWZ) at Sriperambadur near Chennai.

An Indian delegation leaves for China Monday to study advanced foodgrain storage technology, with a huge quantity of grain rotting in India due to lack of such facilities.

DHL Global Forwarding, the freight forwarding division of leading global logistics player DHL, will invest $10 million (around Rs 47 crore) in India’s first free-trade warehousing zone at Sriperumbudur.

This report provides a comprehesive overview and analysis of the Indian logistics and express market. It contains estimates of the size of the markets broken down by road, rail, air, sea, warehousing, courier, express & parcels and contract logistics.

Road and rail connectivity, availability of skilled labour and the relatively affordable cost of production were amongst the factors that contributed to Pune’s emergence as a major hub for the engineering and auto industries.

GA-A division of Danish shipping giant Maersk Line has signed a lease for 195,000 square feet near the Port of Savannah. Duke Realty Corp. owns the warehouse at 318 Grange Road, approximately one mile from the port’s main entrance.

Despite expectations of air freight growing 20 per cent in India by 2012, Air India, Kingfisher Xpress and Jet Airways say the business is stalled by a lack of infrastructure and industrial know-how.

Even after announcing 100% depreciation for cold chain investments in the Union Budget for 2009, the industry is yet to come forward and make investments in the sector which is considered vital for the growth of agriculture and food processing sector in the country.

National Collateral Management Services Ltd (NCMSL), a management and warehousing arm of the National Commodity & Derivatives Exchange (NCDEX), has got approval from the government of Rajasthan to set up modern warehousing-cum-market yards in eight locations, with facilities not seen so far in India.

City-based logistics solutions provider DRS Logistics Private Limited is embarking on a Rs 450-crore expansion that envisages construction of warehousing facilities in south India by the end of the next financial year.