LOGISTICS INNOVATION SOUTH INDIA
IBM, TCS team up for India’s most advanced quantum hub
The companies will install IBM’s most advanced quantum computer, IBM Quantum System Two with a 156-qubit processor, at the Quantum Valley Tech Park in Amaravati, Andhra Pradesh. A quantum computer uses the principles of quantum mechanics to process information, enabling it to solve certain complex problems that traditional binary computers cannot handle efficiently.
South Korea lurches from one political crisis to another
South Korea faces political turmoil as it prepares for a presidential election amidst uncertainty. Former President Yoon Suk Yeol's impeachment and subsequent leadership changes have destabilized the nation. Key candidates, including Lee Jae-myung and Han Duck-soo, face legal challenges and party negotiations, further complicating the path to stability and raising concerns about the future of South Korean governance.
TiEcon 2025: Unveiling the themes of Silicon Valley’s premier AI event
The upcoming TiEcon event in Silicon Valley, California, scheduled from April 30-May 2, features 11 industry tracks that dive deep into the use cases and impact of AI across industries. Here’s a detailed look.
ETtech Deals Digest: Startups raise $1 billion in April, down 12% on-year
Startups across early and late stages raised the funds through 104 deals, compared to 116 in the year-ago period.
NITI Aayog lays out a roadmap to boost competitiveness of MSMEs
In a report on ‘Enhancing MSMEs Competitiveness in India’, jointly prepared by NITI Aayog and the Institute for Competitiveness (IFC), the Aayog has proposed systemic reforms in financing, skilling, innovation and market access to micro, small and medium enterprises (MSMEs) including reform of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
PM Modi inaugurates Rs 8,900 crore Adani-built Vizhinjam Port to boost India's presence in trade routes
Prime Minister Modi inaugurates the Vizhinjam International Seaport in Kerala, India's first transshipment hub, built with an investment of Rs 8,867 crore. Strategically located near major shipping routes, it aims to reduce reliance on foreign ports and rival Colombo and Dubai. The port features advanced infrastructure and AI-powered systems, marking a new era in India's maritime trade.
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Adani's Vizhinjam port set to triple capacity in second phase boosting India's maritime prowess
Prime Minister Modi launched the second phase of Adani Group's Vizhinjam port in Kerala, a project set to attract $1.1 billion in additional investment and triple capacity. Strategically located near key shipping routes, the port aims to reduce India's reliance on foreign ports like Colombo and boost cargo movement across Adani's network, potentially transforming India's role in global maritime trade.
With the pvt sector indifferent to R&D, India risks missing the deep-tech bus, or getting locked out
China recognized technological dependence as a weakness and invested heavily in R&D. India faces similar challenges now. The government has launched initiatives like ANRF to boost research. However, India's private sector lags behind in R&D spending. Indian firms underperform global peers in innovation output. India risks being left behind in the global innovation race.
Vizhinjam seaport set to be commissioned by PM Modi
Prime Minister Narendra Modi commissions the Vizhinjam International Seaport, positioning Kerala as a key player in global maritime trade. Developed by Adani Ports under a public-private partnership, the port aims to reduce India's reliance on foreign transshipment hubs like Colombo. Vizhinjam, India's first dedicated transshipment port, boasts advanced technology and strategic location, attracting major shipping routes and significant investment.
US defence body clears supply of military hardware to India
The United States has approved a USD 131 million military hardware and logistic support package for India, enhancing strategic ties. This "foreign military sale" supports the Indo-Pacific Maritime Domain Awareness program. The deal includes sea-vision software, remote software, analytic support, and related logistics, bolstering India's maritime capabilities and strategic posture in the Indo-Pacific region.
J-K: NIA DG reaches Pahalgam as agency probes into terror attack
The National Investigation Agency is now leading the probe into the Pahalgam terror attack. NIA Director General Sadanand Date visited Pahalgam. The agency has registered a fresh FIR. It follows a claim of responsibility by the Resistance Front. Intelligence agencies have identified 14 local terrorists. They are aiding foreign terrorists. Security forces are conducting operations in South Kashmir.
Solving the “Made In” dilemma for drones
India's drone market is rapidly expanding, but reliance on Chinese components poses security risks. The government needs to enforce stricter import bans, incentivise local manufacturing, and foster innovation. A comprehensive strategy encompassing financial incentives, sustained demand, and adherence to global standards is crucial for India to become a drone technology leader.
SDHI signs strategic MoU with Wheel & Time Shipping Transport Logistics
Swan Defence and Heavy Industries Ltd partners with Wheel & Time Shipping Transport Logistics to introduce a F.A.S.T. logistics facility at its Pipavav shipyard. This 600-acre site, equipped with advanced infrastructure, aims to streamline the entire value chain from fabrication to transportation. The collaboration targets key sectors, enabling clients to focus on innovation and project delivery by managing complexities efficiently.
New Zealand and Philippines defence pact to counter China's influence in South China Sea
New Zealand and the Philippines formalized a Status of Visiting Forces Agreement (SOVFA) amidst rising tensions in the South China Sea. This pact aims to bolster regional security by enabling joint military exercises and training. The agreement signifies a united front against actions that undermine international law, particularly China's expansive claims in the disputed waters, and strengthens defense cooperation.
Women left out of the $215 billion logistics boom; make up 7% of the workforce in NSE-listed Logistics Companies; Udaiti & CII Report
A report reveals low female representation in India's logistics sector. Women make up only 7% of the workforce in top logistics firms. The report highlights challenges like gender bias and safety concerns. It suggests implementing safety measures and promoting women's leadership. CII and Udaiti Foundation are launching an initiative to boost female participation.
PM Modi on 3-state tour for next two days
Narendra Modi is set to inaugurate the World Audio Visual and Entertainment Summit in Mumbai. He will also open the Vizhinjam International Deepwater Multipurpose Seaport in Kerala. Development projects worth over Rs 58,000 crore will be launched in Andhra Pradesh. The WAVES 2025 summit aims to position India as a global hub.
MatchLog partners with Maersk for landside equipment optimisation in India
Mumbai-based MatchLog Solutions is aiming to create a sustainable ecosystem in the shipping industry through its container reuse platform.
Harvard in hot water as event with top Pakistani officials sparks student outrage after Pahalgam massacre
A Harvard conference on Pakistan, funded by an Indian magnate, faced backlash from Indian students due to the participation of Pakistani officials. Students protested, citing concerns about legitimizing state-sponsored terrorism, particularly after a recent attack in J&K. Harvard quietly distanced itself by removing event details from its website, highlighting Pakistan's efforts to revive its academic presence in the US.
Wadhwani Foundation announces Rs 1,400-crore MoUs with ANRF, IITs, AICTE to promote R&D
The Wadhwani Foundation has announced MoUs worth Rs 1,400 crore. These agreements aim to boost research and innovation in India. The foundation will contribute over Rs 700 crore. Matching funds will come from ANRF, IIT Kanpur, and IIT Bombay. The goal is to establish superhubs and innovation centers. The focus is on converting research into startups and job creation.
India, Netherlands discuss ways to address trade barriers, logistics issues
India and the Netherlands discussed deepening strategic economic ties during Commerce Secretary Sunil Barthwal’s visit to the Netherlands from April 24–26. Talks focused on policy alignment, trade barrier reduction, and setting up a Joint Trade and Investment Committee.
India Cement's CFO sees ebitda per tonne above Rs 1,000 crore in 3 years
India Cement, now a subsidiary of UltraTech Cement, anticipates a sharp rise in profitability. The company aims to achieve an Ebitda per tonne of over ?1,000 within three years. This improvement will be driven by increased volumes, better margins, cost efficiency, and lower logistics expenses. UltraTech plans to invest ?1,500 crore in India Cement over the next two fiscal years.
Former president Kovind calls IMEC bridge between civilisations
The SCM Middle East Conclave and Awards 2025 in Dubai highlighted the India Middle East Europe Economic Corridor (IMEC) as a transformative trade route. Former president Ram Nath Kovind emphasized its role as a bridge between civilizations, fostering economic growth and unity.
US lawmakers call for boosting intelligence ties with Delhi
US lawmakers Ro Khanna and Rich McCormick want more intelligence sharing with India. This follows the Pahalgam terror attack. They suggest joint operations against groups like LeT. The US may provide logistical and technical support. US Attorney General Pamela Bondi and Senator Chuck Schumer condemned the attack. Gregory Meeks and Mike Lawler also expressed support for India.
Air India receives GDP certification for cargo business, setting new benchmark in pharma logistics
With investments in infrastructure, training, and partnerships, Air India is well-positioned to support India's growing pharmaceutical exports.
I-Sec upgrades Mahindra Logistics to Add; lowers target price to Rs 350
ICICI Securities has upgraded Mahindra Logistics to 'ADD' with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition.
Industrial and logistics supply grows by 57% YoY in Q1 2025
India's Industrial & Logistics sector experienced substantial growth in Q1 2025, with new supply surging by 57% to 12.4 million sq. ft., fueled by institutional investor-backed developers. Leasing activity also saw a robust increase of 40%, driven by 3PL and e-commerce sectors, particularly in Delhi-NCR, Hyderabad, and Bengaluru.
Kaushalya Logistics expanded national footprint to meet growing demand
Kaushalya Logistics Limited (KLL) is rapidly expanding its presence across India, boosting its depot network from 70 to over 100 in just four months. This expansion aims to meet the increasing demands of the infrastructure and construction sectors.
Mumbai tops realty equity inflows at $6.9 billion between 2022-24, highest in India
Mumbai led real estate equity investment with $6.9 billion during 2022-24. Delhi-NCR and Bengaluru also attracted significant investments. Development sites and land were top choices for investors in tier-I cities. Tier-II cities saw site developments as leading investment sector. Institutional investors showed confidence in India's growth. The office sector is poised for stable investment.
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