Indian Railways set for record freight performance

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Alstom to Supply Traction Components for Vande Bharat Train

Alstom, a global leader in smart and sustainable mobility, has been awarded a contract worth approx. Rs 12.85 billion to supply Mitrac traction components and other electrical equipment for 17 Vande Bharat Sleeper trainsets (408 cars). The systems will be supplied to Indian Railways’ Integral Coach Factory (ICF) in Chennai. The contract also includes preventive and corrective maintenance of the traction and major electric equipment, as well as support services, for a five-year period, after completion of warranty, at various railway depots. The equipment will be installed in 24-car sleeper t..