India’s Pristine Logistics & Infraprojects and Summit Alliance Port of Bangladesh sign memorandum of understanding to pursue rail-linked Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Multi Modal Logistics Parks (MMLPs) at strategically important locations in Bangladesh.
In a game-changer initiative, the first Gati Shakti Cargo Terminal (GCT) at Rewari has become operational on Thursday by the Dedicated Freight Corridor Corporation of India (DFCC) in public-private-partnership (PPP) mode.
REWARI : In a game-changer initiative, the first Gati Shakti Cargo Terminal (GCT) at Rewari has become operational on Thursday by the Dedicated Freight Corridor Corporation of India (DFCC) in public-private-partnership (PPP) mode.
The bankruptcy court of Chennai has approved a resolution plan by Pristine Malwa Logistics Park for Sical Logistics Ltd, the bankrupt subsidiary of Coffee Day Enterprises.
In a conversation with Sheetal Agarwal of IIFL, Amit Kumar, Whole-time director, Pristine Logistics & Infraprojects Limited talks about the company’s upcoming IPO and its future growth plans.
“We were in the direct firing line of exporters and importers at CONCOR during 2001-06,” recalls Amit Kumar who, along with three friends – Rajnish Kumar, Durgesh Govil, and Sanjay Mawar – set up Pristine Logistics & Infraprojects Limited
Initiatives announced by the government to create multimodal logistics parks and container terminals will help the logistics sector play a crucial role in propelling India to become a USD 5 trillion economy.
The Indian Railways seeks to raise its modal share in freight from 27 percent to 45 percent by 2030 as part of a commitment to reduce carbon emissions. Pristine Logistics & Infraprojects is looking to tap opportunities this target entails.
Mumbai: CDC-backed logistics services firm Pristine Logistics & Infraprojects Pvt. Ltd has started talks to raise up to Rs400 crore from private equity investors, at least two people aware of the development said.
“Pristine Logistics has appointed investment bank Spark Capital to advise them on the fund raise. The company has initiated the process and has started reaching out to private equity and infrastructure investors. They plan to raise around Rs300-400 crore in this round of fund raising,” said one of the two people mentioned above, requesting anonymity as the talks are private.
NEW DELHI: UTI Capital has invested Rs 60 crore in Delhi-based startup Pristine Logistics & Infraprojects Pvt Ltd, which plans to set up inland container depots and private freight terminals under public-private partnership model of Indian Railways.
“The company has raised Rs 600 million in the first round of funding from India Infrastructure Development Fund, a private equity fund managed by UTI Capital,” Pristine Logistics’ director Rajnish Kumar said. SSKM Corporate Advisory Pv ..