Page 36 - ITLN March - April 2022 issue

News

Investments worth ₹2.3 trillion expected for

new greenfield airports in India by 2030

a global management consulting and
advisory services firm. With the growing
demand for airports, India needs an
average additional 34 airports by 2025,
and about 125 airports by 2030 to
meet the 350-400 million additional
passengers demand forecasted by 2030.
The report on 'Airport
Infrastructure' by Praxis suggests the
Indian airport infrastructure sector is
expected to grow at a steady CAGR as
the Covid-19 clouds clear and demand
increases. The report has evaluated
the future growth potential of the
sector with a focus on public-private
partnerships (PPP).
Freight traffic reportedly witnessed
reenfield airports are slated to opportunity of �2.3 trillion between steady growth till FY20, dropped by 27
Gwitness significant growth in the FY2023- 30 and about 150,000 acres of percent due to Covid-19 in FY21 and is
Indian airport infrastructure market land for development, according to a projected to grow at 7 percent CAGR
through 2030 with an investment recent report by Praxis Global Alliance, between FY23-30.

Smartr Logistics unveils same-day

interstate express delivery in India

umbai headquartered Smartr Logistics
Mhas announced the launch of the same-
day interstate express delivery offering, "First
in Indian express logistics industry," according
to the company.
The logistics firm has been executing
multiple inter-state same-day deliveries
across the country. Some of the notable
routes are from North to South; East to
West; Metros to non – metros etc. "This
has helped Smartr customers in savings by
reducing their inventory carrying/working
capital cycle by 3-4 days and thereby
reducing their inventory holding cost," reads
the release.
Yogesh Dhingra, managing director and
chief executive officer, Smartr Logistics said,
"We invest in potential, not just assets. We
are optimally using India's air network to
directly connect destinations thus reducing
the time for transits and diversions. We
also work around the customer's clock,
supporting flexible pickup and delivery
timelines. These facilities help our customers
with faster and more prompt services. "

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