CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which of the South Indian place has Mahindra Logistics Ltd. planned to set up its new warehouse?
A
Thiruvananthapuram
B
Chennai
C
Kakinada
D
Ballari
Explanation: 

Detailed explanation-1: -Hyderabad: Integrated logistics services provider Mahindra Logistics Ltd on Tuesday said it has set up a new multi-user, net-zero warehousing facility at the Aruna Industrial Park in Siddipeta district on the city outskirts.

Detailed explanation-2: -Our vision is to completely electrify our fleet in the future. Mahindra Logistics will have 40% of its fleet electrified by 2026. We are also aiming to touch revenues of INR 10, 000 crore by that year.

Detailed explanation-3: -The modern warehouses will house cold-storage chains and will be able to store all kinds of cargo-wet and dry. The idea is to minimise pollution and traffic congestion in major cities.

Detailed explanation-4: -India’s Grade-A warehousing sector is poised to show a growth of 15 per cent by 2025. According to the India Warehousing Report by CREDAI and Anarock, warehousing is poised to become a US$ 2.8 billion industry in the near future.

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