Hello Readers,Japanâs Mitsui O.S.K. Lines, one of the largest shipping companies in the world, has been undertaking sea transport operations to and from India
even before the country gained its independence in 1947, reflecting a long commercial relationship.
In recent years, the shipping company has set eyes on business opportunities in India beyond the pure shipping operations and has entered into real estate, corporate venture capital investments, among others.
But the most important foray of the Tokyo-based company is expected to be in rail logistics, for which the company is firming up its plans. Mitsui O.S.K. Linesâ ambition is to become an end-to-end logistics service provider in India.
Read the full storyOther key developments this
week:GST Council slashes cement & material rates
In a major relief for the construction and real estate sectors, the GST Council has cut rates on cement and key
building materials, a move expected to reduce costs and boost housing demand.
Full updateMitsui to place vessel orders with Indian
shipyards
Alongside its logistics plans, MOL is also eyeing future vessel orders from Indian shipyards, signalling stronger maritime manufacturing ties.
Read moreShipping Corporation seeks Suezmax tankers
State-run Shipping Corporation of India has invited bids to purchase two second-hand Suezmax oil tankers, part of its fleet expansion strategy.
Catch the updateWater metros planned in 20 cities
Urban mobility is set to expand on water, with Systra India tapped to lead feasibility studies for water metro projects in 20 Indian cities, promising greener and faster transit options.
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Thatâs a wrap for this week!
Stay tuned as we continue to bring you the biggest policy updates, corporate moves, and infrastructure shifts shaping Indiaâs growth story.