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Gadkari unveils 29 NH projects worth 5233 cr in AP

Union Minister for Road Transport and Highways Nitin Gadkari, along with Andhra Pradesh Chief Minister N. Chandrababu Naidu, inaugurated and laid the foundation stone for 29 National Highwayprojects in Mangalagiri on Saturday. The projects, worth over ₹5,233 crore, cover a total length of 272 km and aim to significantly boost connectivity and infrastructure across the state. Addressing the gathering, Gadkari said, “Aligned with the vision of Prime Minister Narendra Modi, these projects are designed to eliminate accident-prone black spots and railway crossings, reduce transportation costs, strengthen last-mile connectivity in rural and tribal areas, and decongest key urban centres such as Tirupati, Nellore, and Rayachoty—thereby positioning Andhra Pradesh at the forefront of India’s growth story.”

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Pithampur MMLP construction work begins

The construction work for the proposed MMLP near Pithampur in Dhar district has started, with a dedicated commercial zone accounting for around 10 per cent of the total 112.6 hectare of the park, said reports. The project, estimated at Rs 1,110.6 crore, will be divided into multiple zones to cater to various services and operations. “The possession of the proposed land has been taken and with this the development work has started in the park. The park will become a boon to the state and give a massive fillip to industrial and logistics growth in the state,” said MPIDC officials in reports.

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Om Logistics to invest₹150 crore in UP logistics biz

Om Logistics Supply Chain, a wholly owned subsidiary company of Om Logistics Ltd, has proposed an investment of ₹150 crore in Uttar Pradesh. The Chief Minister of U P, Yogi Adityanath, highlighted this investment proposal during his recent visit to Unnao on 26 July. This strategic proposal aims to strengthen nationwide logistics, improve regional connectivity and enhance overall supply chain efficiency. In contribution to national development, through this, it is expected to generate new employment opportunities, promote industrial development in the region and support businesses with faster, more reliable logistics infrastructure. By aligning with the state’s progressive vision, the company is poised to play a vital role in the development of Uttar Pradesh.  

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CJ Logistics eyes strategic growth in Indian logistics biz

To focus on India’s rapidly growing logistics sector, supported by infrastructure modernisation and a strong multimodal ecosystem, Jonathan Song, newly appointed CEO of Global Business Division, CJ Logistics visited India marking a significant milestone in the Group’s international engagement strategy. The visit underscored the importance of the Indian market in CJ Logistics’ global network and reaffirmed its commitment to long-term collaboration through its subsidiary, CJ Darcl Logistics.  Song’s engagements reflected the Group’s emphasis on enabling technology-led service delivery, strengthening 4PL capabilities, and enhancing omnichannel customer experience in line with its international standards. As part of CJ Logistics’ TES (Technology, Engineering, Systems & Solutions) framework, the company continues to support operational excellence and systems integration across core markets. In India, this translates into deepening collaborative initiatives through digitalization, customer-centric execution, and process innovation. Song said, “India represents immense opportunity through its expanding infrastructure and digitally agile customer base. We are committed to empowering our teams, building meaningful partnerships and driving solutions that reflect global best practices and local relevance.” The visit aligns with CJ Logistics’ broader international vision—leveraging its expansive network and logistics expertise to create integrated value across geographies.

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BIAL completes bond issuance, raises ₹9,000 crore

Bangalore International Airport Limited (BIAL) has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector, raising a total of ₹9,000 crore. The transaction is being undertaken in two tranches ₹4,362 crore completed on July 25, 2025, and ₹4,638 crore scheduled for early October 2025. SBICAPs acted as the sole arranger for this landmark issuance. With a 15-year tenure, the refinancing allows BIAL to conserve capital and focus resources on funding future expansion plans. The transaction also provides significant savings in borrowing cost, driven by the AAA credit rating, a shift from MCLR-linked (Marginal Cost of funds-based Lending Rate) to fixed interest rate, and the extended maturity profile. Bhaskar Rao, Chief Financial Officer, Bangalore International Airport Limited (BIAL), added, “This landmark issuance is a significant milestone for BIAL as it not only reflects strong investor confidence in our long-term vision, but also strategically strengthens our financial position ahead of the next phase of expansion. The refinancing enables us to optimise our capital structure. Importantly, the long-tenor structure and improved credit rating will translate into greater value for our stakeholders, including passengers and airline partners, through enhanced affordability and infrastructure development.”

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‘Agricultural and dairy product protections remain primary concerns for traders’

Sunil Kohli, MD, Rahat Cargo said, “The sudden announcement of a 25 per cent tariff on Indian goods, while higher than anticipated, broadly falls within the 15–20 per cent range that markets had been bracing for. This could well weigh on near-term export competitiveness and trigger currency volatility if sentiment deteriorates. What is more concerning is the penalty clause, which remains unquantified at this stage. However, if the tariffs stay at 25 per cent for an extended period, the impact could be significantly negative. The agricultural and dairy product protections remain primary concerns, as these sectors are politically and economically sensitive for India. Hence, India is negotiating with the US against any tariff reductions on dairy, rice, wheat and genetically modified (GM) crops like corn and soybeans citing the livelihoods of over 700 million rural citizens, including 80 million smallholder dairy farmers. Many Indian exporters are now preparing for the worst. The newly imposed tariff could affect products like gems and jewellery, auto parts, seafood, textiles and chemicals as these are major exports to the US. In 2024, India exported goods worth $87 billion to the US and hence any drop in the exports is likely to hit the shippers. The next steps are unclear. While Trump has announced the 25% tariff from August 1, he has also said talks are continuing. A US trade team is expected to visit India in August for further negotiations. Whether this visit leads to any resolution remains to be seen and let us hope that the further deliberations lead to certain positive outcomes yielding relief to the trade fraternity in India.”  

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‘Indian govt’s response on staying committed to negotiations might help cut tariffs’

Balagopal Balachandran, National Head – Air Freight, FEI Cargo said, “It is an unfortunate development, particularly given the strong strategic partnership that has been steadily built between India and the USA in recent years. According to UN COMTRADE data, India’s trade with the US nearly doubled over the last decade, rising from $64.6 billion in 2013 to $118.4 billion in 2024. Exports have led the charge, climbing 89.3 per cent, from $42 billion in 2013 to $79.4 billion in 2024, while imports have grown more moderately. The tariff hike will have major consequences for high-growth sectors such as chemicals, pharma, machinery and electronics, which have seen significant export gains in the past decade. While this move is unfortunate and will have a clear dent on our exports, we hope that this imposition of higher tariffs will be a short term and that a permanent trade deal between the two sides will be finalised soon. It is worth noting that 18% of India’s overall export goes to the US. To mitigate the impact of these tariffs, India may consider diversifying its export markets, increase domestic value addition, enhancing competitiveness and engaging in diplomatic efforts to resolve trade disputes. Another way to interpret the 25% tariff announcement is to see it as a starting point for renewed negotiation. The Indian government’s response on staying committed to the negotiations speak to that, as India in recent past got favourable trade deals with major partners like Japan, the UK and the European Union.”

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‘India must fast-track reforms, strengthen industrial base & become trusted global alternative’

C K Govil, President, The Air Cargo Agents Association of India said, “The recent 25 per cent tariff imposed by the U.S. on Indian exports underscores the urgent need for India to accelerate its journey toward self-reliance. Under the visionary leadership of PM Narendra Modi, the Atmanirbhar Bharat initiative aims to make India a globally competitive, resilient economy by 2047. This move by the U.S. reinforces the importance of building strong domestic manufacturing capabilities, diversifying export markets and reducing import dependencies—especially in sectors like electronics, energy and defence. Rather than viewing this tariff as a setback, India can seize it as a catalyst to fast-track reforms, strengthen its industrial base and become a trusted global alternative. A self-reliant India is not about isolation—it is about resilience, innovation, and global integration on India’s own terms.’

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‘Plan rate fluctuations & explore alternate strategies to mitigate impact’

Gautham R, Senior Manager – Global Air Freight, Head – Air Freight, India, WIZ said, “With the 25 per cent tariff imposed by the US on Indian goods effective August 1, we anticipate a negative impact on market demand. To retain volume in a sluggish trade environment, air freight rates from India could drop by 20–35 per cent, especially if the situation persists. Sectors exporting high-value goods are likely to see a decline in demand. However, the smartphones, pharma and energy is kept out of 25 per cent tariff radar as per White house report. Additionally, we’re observing a potential shift in freighter routings, with carriers optimising for destinations that offer better yields, responding to evolving demand signals. Businesses should start planning for rate fluctuations and explore alternate strategies to mitigate the impact.

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