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Exporters Raise Logistics Costs Concerns with Piyush Goyal
Exporters and freight agencies have voiced concerns over high terminal handling charges at ports and the underutilisation of dry ports, adding to India’s overall logistics costs. During a meeting with Commerce and Industry Minister Piyush Goyal, they highlighted that the fees charged by shipping terminals for container storage and positioning before loading exceed port charges by Rs 10,000-15,000 per consignment. The discussion focused on logistics and shipping challenges, with the government actively working to reduce costs across the supply chain, according to an official. India is targe..
Government to Revamp UDAN Scheme with Focus on Airport Readiness
The Indian government is set to revamp its regional air connectivity scheme, UDAN (Ude Desh ka Aam Nagrik), by prioritising airport readiness before inviting airlines to bid for operating routes. Financial support for the development of unserved airports and airstrips across the country is expected to be a key focus in the upcoming budget, along with stricter assessments of route feasibility, according to sources. Launched in 2017 to boost air travel in the world’s fastest-growing aviation market, the UDAN scheme caps airfares and provides subsidies to airlines for operating on less frequen..
Motilal Oswal Raises Rs 17.5 Billion for Sixth Real Estate Fund
Motilal Oswal Alternates (MO Alts), the alternative investments division of Motilal Oswal Financial Services, has raised over Rs 17.5 billion for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund focuses on investments in mid-income housing projects across India’s top eight cities, including Mumbai, Pune, Chennai, Hyderabad, and Kolkata. This financial year, MO Alts has committed around Rs 13 billion to developers, with Rs 10 billion invested through IREF VI. The fund has partnered with developers such as Ajmera Realty, Runwal Enterprises, Ambuja Neotia Gro..