Given the increasing demand for quality warehousing space after the implementation of GST, the industrial and logistics sector has attracted investments close to 500 million dollars. Going forward, developers are likely to build large-sized spaces to cater to the growing demand which may result in warehousing stock touching 500 million sq ft by 2030.
Read MoreThe Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) will sign a memorandum of understanding on Monday for integration of FASTag with GST e-way bill system. The memorandum of understanding (MoU) will be inked at the 'One Nation, One FASTag' conference, which will be inaugurated by Road Transport and Highway Minister.
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Download AppLogistics forms the backbone of any modern economy and with the advent of ecommerce, demand for the logistics sector is bound to grow manifold, increasing the pressure on the existing infrastructure. Detlev Mohr, senior partner at consulting firm McKinsey and Company, in an interview with Nehal Chaliawala and Satish John said that India will be one of the hottest growth markets in this area and foreign players are keen to invest here.
Read MoreGMR Hyderabad Airport Cargo has recently launched ‘Hyderabad Cargo Charter Circle (HC3)’ in order to develop Hyderabad as an air charter hub for the Southern part of the country. This dedicated platform will not only facilitate the cargo charter operators via Hyderabad air cargo terminal but also boost the regional connectivity and link it to the main hubs across the globe. The HC3 was unveiled in the presence of Charter Operators, Freighters, Shippers, Consolidation Agents, Freight Forwarders and other airport stakeholders at a gala event.
Read MoreThe triangulation of containers by MatchLog will lead to quick turn around of boxes by eliminating the empty container movements. Geneva-based Mediterranean Shipping Company or MSC, the world’s second-biggest container carrier, has taken the help of an Indian logistics start-up to cut costs, reduce wastages and drive efficiencies in the country’s container logistics chain.
Read MoreWe are proud to announce that FSC has won the 'Best Use of Digital Techniques / Technologies' and 'B2B Brand of The Year' award at the 3rd Edition Digital Enterprise Awards & B2B Marketing Awards 2019. Congratulations to the entire team on winning these awards.
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Download AppIndia’s own domestic GPS (Global Positioning System), Navigation with Indian Constellation (NavIC) has been approved by the international organization 3GPP (3rd Generation Partnership Project). NavIC is RPS i.e. Regional Navigation System. While others GPS have a position accuracy of 20-30 meters, the position accuracy of the NavIC is 5 meters, making it technically better than the all others GPS.
Read MoreCredit rating agency ICRA Research has forecast a stable outlook for the domestic logistics sector, which it said would grow at 8-10 percent over the medium term. The festive season and anticipated revival in infrastructure spending post monsoons and improvement in receivable cycle of contractors could drive the demand pick-up. The ensuing demand momentum will lead to higher freight volumes in the second half of FY2020 despite weak macro-economic scenario.
Read MoreGlobal trade enabler DP World today launched Log-X, a national technology accelerator platform for logistics, in partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau, to encourage innovation and technology adoption in the Indian logistics sector. The accelerator program is specially curated for entrepreneurs in the logistics and other associated sectors. The goal is to catalyze Indian entrepreneurs and the start-up community to develop smart trade solutions by leveraging massive opportunities offered by digital technology.
Read MoreThe Prime Minister's Office on Thursday held a meeting of secretaries to discuss the draft national logistics policy, which aims at promoting seamless movement of goods across the country and reducing high transaction cost of traders, an official said. Secretaries from different departments, including commerce, steel, revenue, chemicals, and corporate affairs attended the meeting, the official added.
Read MoreIndia has fast tracked norms for creation of formal vehicle scrapping centres and the government will soon announce a voluntary vehicle scrappage policy and wants a stringent framework in place for setting up of centres that will carry out scrapping. The government is set to float new norms that will make way for formalising vehicle-scrapping sector, laying down strict parameters for setting up one of these units, as it prepares ground for voluntary vehicle scrappage policy in the country.
Read MoreFew industries or business functions are experiencing as much disruption as logistics, supply chain and transportation. In fact, according to a recent Forbes Insights survey of more than 400 senior transportation-focused executives, 65% say tectonic shifts in these areas are driving an era of profound transformation. Whether your products rely on ground, rail or sea to reach end-customers, today’s levels of disruption are unprecedented.
Read MoreData from the municipal corporations shows that 3.5 lakh tags have been issued and around 63,500 have recharged their accounts so far. Almost 70-80% of the uncharged RFID accounts belong to private cabs and Ola/Uber cab drivers. The SDMC will now initiate an on-spot recharge mechanism using handheld devices for the vehicles that are stuck in queues at border points.
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Download AppDP World has been planning to make Container Multimodal Terminals Ltd (CMLT), its Hyderabad Private Freight Terminal (PFT) as a multi-modal distribution hub by leveraging its rail-road transport connectivity and warehouses. DP World has drafted a plan to make the multi-modal distribution hub for Southern India’s cargo. Notably, CMTL is equipped with a Multi-Modal Logistics Park at Thimmapur (near Hyderabad in Telangana State) with proximity to National Highway 7.
Read MoreAllcargo and TVS Supply Chain Solutions are in initial discussions to acquire the supply chain business of Sical Logistics, the offshore and multimodal logistics services firm owned by the Coffee Day Group. Container freight hubs of Sical’s subsidiary, Sical Multimodal and Rail Transport, are also up for sale as the coffee chain seeks to sell a range of assets and use the proceeds to repay debt. Allcargo and TVS Logistics are also in discussions for the railroad assets, and both deals together could fetch the Coffee Day Group Rs 500-550 crore.
Read MoreJapan-based Nippon Express Co will acquire 22 per cent stake in Kishore Biyani-led Future Group's logistics arm Future Supply Chain Solutions Ltd through a combination of primary issuance and secondary purchase from an existing investor. As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price).
Read MoreGlobal logistics provider FM Logistics has broken ground on its 31-acre multi-client logistics facility (MCF) in Jhajjar, near Gurugram, Haryana. The facility, expected to be completed in December 2020, is part of the five-year $150 million investment plan FM Logistics announced in March 2019. The new warehouse will have a storage capacity of 100,000 pallet positions and provide a dedicated area for co-packing and other value-added services. It will offer safety and security features, and cost efficient, quality storage and handling services.
Read MoreThe internet gawks each time Boston Dynamics releases a video showing its eye-catching humanoid robot, Atlas, performing newly acquired acrobatic tricks. But until now, most of the machine's maneuvering - whether it was jogging, hopping over a log or executing box jumps - has remained well within the realm of average human athleticism.
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Download AppSpiceJet's cargo division, SpiceXpress has taken delivery of its first 737-800 Boeing Converted Freighter (BCF), which it will operate in South Asia. The Directorate General of Civil Aviation (DGCA) has validated the 737-800BCF’s certification, clearing the way for the freighter to serve a rapidly growing region. “We are expanding the markets we currently serve, particularly in the Middle East, Hong Kong and Bangladesh and the 737-800BCF’s reliability and versatility is helping enable our strategic direction,” said Ajay Singh, chairman and managing director, SpiceJet.
Read MoreTrade association of the world’s airports, Airports Council International's (ACI) latest World Airport Traffic Report has revealed that most of the world’s fastest-growing airports are located in emerging markets, a significant proportion of them being in the Asia-Pacific region. As many as 12 of the fastest-growing top 30 airports in 2018 are located in either China or India. India's Bangalore airport was the fastest growing airport in 2018 for more than 15 million passengers. Bangalore airport carried 32, 331,783 (29.1 percent) passengers, while Hyderabad airport took the third spot carrying 20, 903, 930 (21.9 percent) passengers.
Read MoreLow-cost carrier SpiceJet has revealed plans of selling shares of its cargo arm SpiceXpress in an initial public offering. SpiceJet was quoted at the news agency's New York headquarters saying that SpiceXpress could be listed on a stock exchange within 12 months. They have a country of 1.3 billion people, one of the fastest-growing economies in the world, and very few air logistics players. They think that there’s a good space for us.
Read MoreAs a masterstroke to curb tax evasion, GST Council decided in Modi 1.0 Government tenure to study the feasibility of e-invoicing system. Under the chairmanship of newly elected Finance Minister Nirmala Sitharaman in Modi 2.0 Government tenure, GST Council has finally decided to roll out the e-invoicing system for B2B transactions from January 2020 voluntarily.
Read MoreSATS Ltd. and DHL Supply Chain, on Friday, signed a Memorandum of Understanding (MOU) to create turnkey solutions that enable airlines to optimise their supply chain for catering, merchandise and supplies across their flight networks. Combining DHL’s strengths in third party logistics (3PL) solutions with SATS’ large scale culinary, procurement and last-mile expertise, this new solution will help airlines to enhance the passenger experience with a wider range of authentic F&B offerings and amenities.
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Download AppFinance Minister Nirmala Sitharaman said that government will further leverage technology for timely completion of the ongoing initiatives to reduce ‘Time to export’, through seamless process digitisation of all export clearances, in the third press conference held to announce measures to boost the country’s declining economy. An action plan is prepared to align time-to-export/turn-around-time at airports and ports as per the international standards.
Read MoreWalmart owned Flipkart, which is pulling its socks before the festive season, on Sunday announced the expansion of its supply chain for large appliances by 80% to cover almost all the pins in India ahead of its “Big Billion Days Sale” starting 29th September. Flipkart now for the delivery of large appliance has a reach of 19,200 PIN Codes as from the 10,660 codes in 2018.
Read MoreGujarat has once again topped a survey of logistics ease in the country. Punjab and Andhra Pradesh closely followed Gujarat in the perception-based index of the mobility of goods and efficiency of the logistics chain. LEADS is based on indicators such as infrastructure, services, timeliness, traceability, competitiveness, security, operating environment and efficiency of regulation. The index is developed by the commerce and industry ministry along with Deloitte.
Read MoreSical Logistics Ltd - a Coffee Day Group company that runs port terminals and container freight stations - is likely to see bidding by JSW Group and Adani Group. Sical Logistics could be a perfect fit for Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator and Sajjan Jindal-led JSW Infrastructure Ltd due to the logistic company’s presence in areas where they are also operating and looking to expand.
Read MoreThe US-China trade war has not only been affecting their exports/imports. It is, in fact, impacting the global supply chain and economy, and India is no exception. With increasing global trade tension and declining domestic consumption, Indian ports have seen a further decline in cargo in the month of August as compared to the same period last year. Apparently, the cargo handled at the ports had seen improvements in July after two months of consecutive fall.
Read MoreBlackstone Group is in talks to invest Rs 15 billion ($209 million) in a venture with Allcargo Logistics to build warehouses in India. A real estate unit of the US private equity firm is considering owning 51 per cent of the venture, the people said, asking not to be identified as the discussions are private. Talks are still continuing and the contours of the deal may change, they said. Allcargo is talking with other investors as well.
Read MoreA digital freight forwarding innovation for customers in India to tap on global logistics services efficiently. Schenker India, a subsidiary of DB Schenker, the transport and logistics division of Deutsche Bahn Group, has launched its digitally forward innovation, Connect 4.0 Ocean to simplify the logistics process as easy as click, ship, done. This service will enhance efficiency and provide hassle-free logistics and real-time tracking through technology deployment.
Read MoreTata Sons is unlikely to bid for Air India as it believes that it will not add any heft to its airline business. Tata Sons owns 51 per cent each in Vistara, a full service carrier and low-cost airline, and AirAsia India. Considering a rethink on its way forward with AirAsia India. The airline’s slow growth has been a source of concern for the group coupled with court cases that have stalled the launch of international operations.
Read MoreSpoton is now expanding beyond its bread-and-butter sector, and is contemplating a foray into third-party logistics (3PL), similar to Mahindra Logistics or Future Supply Chain, in six to eight months, potentially through an acquisition. An air express service was launched earlier this year. Spoton competes with deep-pocketed logistics startups such as Delhivery and Rivigo, apart from the likes of Gati, TCI, Safexpress, DHL, Bluedart and Fedex. Besides, the current slowdown in consumption could stall growth for the overall segment.
Read MoreThe ongoing US-China trade war has been causing distress for air cargo industry, according to a data released by The International Air Transport Association (IATA) for global air freight markets, the demand for freight volumes has declined for the 9th consecutive month on the year-on-year basis. A 3.2% of contraction is seen in July 2019, compared to the same period in 2018 for the air freight demand which is measured in freight tonne-kilometres (FTKs).
Read MoreWarburg Pincus-backed logistics real estate firm ESR on Tuesday tied up with Future Group to develop two logistics parks with an investment of ₹300 crore. The logistics parks, to be located at Nagpur and Gurugram, will span 75 acres with a potential development of around 1.3 million sq. ft, the two companies said in a statement. The logistics parks will be jointly developed by Future Group’s Future Market Networks Ltd and ESR, with the latter as the majority partner.
Read MorePune-based logistics and distribution startup ElasticRun is in talks to raise $50-$55 million in a funding round led by South Africa's Naspers, a global internet group and one of the largest technology investors in the world. ElasticRun runs an asset-light, app-driven, variable capacity transportation network built using idle transportation and logistics capacities from large number of dispersed entrepreneurs. It caters to industries across the board, including FMCG, food, manufacturing and e-commerce.
Read MoreFM Logistic has reported financial results for the fiscal year ended 31 March 2019. The company reported revenues of €1,318 million in the year ending March 2019, up 11.8 per cent year-on-year, and earnings before interest and taxes (EBIT) of €35.1 million, up 32 per cent from last fiscal year’s €26.5 million. Adjusted for currency effects, revenue growth was 15 per cent. The EBIT improvement was driven by measures taken by the company to increase its operational efficiency and be more selective in its commercial approach.
Read MoreDP World has partnered with Zhejiang China Commodity City Group Company Ltd (CCC) to develop ‘Traders Market’ - the first smart Freezone market place in the Middle-East for retail and wholesale industries. To be located in Jebel Ali Freezone (JAFZA), the Traders Markets aims to serve the wider region with a population base of over 2 billion. The Traders Market project will span approximately 800,000 square metres, with Phase 1 development covering about 220,000 square metres.
Read MoreRivigo, on Friday, launched Relay-as-a-Service (RaaS) to benefit its disruptive relay trucking model to millions of fleet owners and truck pilots in India. The services will be accessible by fleet owners using its technology, pilots and countrywide network of relay pit-stops. It offers significant advantages over traditional trucking like air equivalent transit time, higher asset utilisation, four times safer than industry and more importantly pilots return home every day.
Read MoreAuto component giant Motherson Group on Monday launched Samvardhana Motherson Hamakyorex Engineered Logistics Limited (SAMRX), a JV company between Samvardhana Motherson International Ltd. (SAMIL), India and Hamakyorex Co. Ltd., Japan. SAMRX aims to revolutionise the transportation of finished vehicles in India by developing a modern, technology enabled and equitable socially conscious solution for the OEM customers, the company said in a release.
Read MoreRapid progression in e-commerce retail with augmented demand for fastest/same-day deliveries are bringing about paradigm shifts in the e-commerce retail supply chain functions. Logistics requirements for the e-commerce retail sector are getting reshaped by continuously evolving customer and business demands. To overcome these challenges the retail supply chains are adopting processes and innovations to meet the rising consumer expectations that benefit the e-trailer/retailer, the supply chain partner and the customer.
Read MoreGlobal logistics company Agility has reported second-quarter 2019 (Q2, April to June 2019) earnings of 12.99 fils per share on net profit of KD21.6 million, an increase of 8.1 percent over the same period in 2018. EBITDA (earnings before interest, tax, depreciation and amortisation) grew 31.2 percent to KD48.6 million, and revenue increased 3.2 percent to KD396.3 million. Global Integrated Logistics (GIL) achieved EBITDA growth of 7 percent (excluding IFRS 16 impact) despite higher operating expenses related to new facilities and higher staff costs for operations and commercial requirements.
Read MoreThe world leader in integrated container logistics, Maersk announced its partnership with BlackBuck, India’s largest online marketplace for trucking on Tuesday. The partnership will provide an online marketplace for containerised trucking in export-import logistics in India. The new partnership platform will be owned and operated by BlackBuck as Maersk will support BlackBuck in developing compelling industry-specific solutions. The collaboration will accelerate innovation in the logistics space and enable trade while transforming the highly fragmented containerised trucking space.
Read MoreEssar Ports has declared that the higher capacity utilisation at its recently commissioned terminals at Salaya and Vizag, and an increase in third-party cargo were the two key factors that will help it to achieve its target of handling 60 million tonnes (MT) of cargo by March 31, 2020. Essar Ports reported an impressive 17.4 percent growth in cargo volumes across its four terminals. The combined throughput stood at 13.5 million tonnes up from 11.5 million tonnes in the same period last year.
Read MoreGlobal restaurant search and discovery provider Zomato has partnered with digital logistics company FarEye to help it gain end-to-end logistics visibility and enhance restaurant compliance. Through its intelligent route optimisation engine, FarEye aims to help Zomato reduce cost of pickups and deliveries. FarEye, with its Machine Learning platform, will help Zomato gain visibility and boost KPI management of third party logistics providers. The partnership will help restaurants stay compliant with Food Safety and Standards Authority of India’s (FSSAI) guidelines.
Read MoreIndia has operationalised a partial guarantee scheme announced in the budget for non-banking and housing finance companies (NBFCs and HFCs), which will allow state-run banks (PSBs) to purchase their assets.It is aimed at providing liquidity support to avoid distress sale of assets in a sector facing a shortage of cash due to asset-liability mismatch.
Read MoreCochin Shipyard Limited (CSL) launched two Ro Pax vessels for Inland Waterways Authority of India (IWAI) on August 8. The new vessels are the third and fourth in the series of a 10-vessel order from IWAI.The launch ceremony was attended by senior officials of IWAI, directors and employees of CSL. The vessels were launched by Dr Asha Paul, wife of Mathew George, director, IWAI and Mini CC, wife of Suresh Babu NV, director (operations), IWAI.
Read MoreFlipkart has recently joined hands with National Skill Development Corporation’s Logistics Sector Skill Council (LSC) to co-develop a skilling module which trains 20,000 delivery executives across the country. The eight-hour training module provided by Flipkart in conjunction with LSC teaches delivery executives different gradations of delivery mechanisms.
Read MoreMukesh Ambani, Chairman, Reliance Industries on Monday announced to set up “World’s largest blockchain network” in India. Ambani was addressing the 42nd annual general meeting of the Reliance Industries.Allaying the fears of economic slowdown, India’s richest person said that the slowdown in some sectors of the economy is temporary and he sees India growing into a USD 10 trillion economy by the year 2030.
Read MoreThe National Association of Software and Service Companies (NASSCOM) today unveiled its findings for India's agritech sector in its report titled, "Agritech in India – Emerging Trends in 2019”.
Read MoreTechnology companies have expressed concern over a delay in introducing the Personal Data Protection Bill in Parliament, and a lack of clarity about its contents. Although a committee led by Justice B N Srikrishna, a former judge of the Supreme Court, submitted its report and the draft Bill to the government in July last year, it has yet to be sent to the Cabinet for approval.
Read MoreTechnology-enabled logistics firm Rivigo has bagged patent rights for its driver relay model by the US Patent and Trademark Office. The Relay Trucking model uses algorithms to ensure drivers are behind the wheel for a maximum of four-five hours at a stretch and reach home the same day. The Gurugram based start-up was started in 2014 with this innovative model and freight marketplace.
Read MoreFedEx Express has announced enhanced temperature-controlled shipping services in which packing for an international shipment is completed at the customer’s place of business. FedEx will offer two different packaging options with the service.
Read MoreReserve Bank governor Shaktikanta Das Wednesday said the economy is in the midst of a cyclical slowdown and not a structural one, and exuded confidence of growth reviving soon on the back of cheaper money and likely more government measures.He expressed confidence that the government will come up with more measures to revive the sagging growth
Read MoreGlobal logistics major DHL Express is concerned about lack of adequate infrastructure at the city airport, warning this may be detrimental to the country's $5-trillion growth aspiration as well. The company said there is only a single slot for all air freight operators and there is no scope for expansion at the nations second largest
Read MoreThe Ministry of Shipping, after the other National Waterway Projects, is now keen to start the inland waterways navigation and passenger transportation in the rivers of the North-Eastern states of the country. The project is said to bring easy movement in the region. Despite the cost efficiency and other benefits, the use of Indian inland waterways is only 0.1% while in the United States it is 21%.
Read MoreRivigo becomes the first Indian company to get a US patent for a differentiated technology that boosts performance and productivity for the logistics industry. The United States Patent and Trademark Office (USPTO) has granted patent rights to Rivigo, a tech logistics startup, for its unique driver relay model. The driver relay model that uses algorithms to determine the availability of drivers for trucks enables drivers to return home every day.
Read MoreEssar Bulk Terminal Ltd (EBTL) has registered a growth of 22 percent growth in its third-party business in the quarter ending June 30, 2019. The company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7 percent, informed a company statement.
Read MoreIndian railways have roped in Amazon India, an e-commerce giant, to transport its goods by trains attracting the ire of railway unions in the process. What railways see as a boost to its business the railway unions see as a snatching away of their livelihood. Amazon will pay freight charges equivalent to the highest lease rate on the same train on pro-rata basis. Apart from this one-month advance freight charge will also be paid by the Amazon to the railways.
Read MoreNational airline Air India has adopted Unisys Digistics™ integrated logistics software suite to create a connected and automated cargo ecosystem for consistent and accurate data across the organisation. While Air India has been using Unisys technology for approximately 30 years, the new system will leverage advanced analytics for booking, accounting, to help improve cash flow for the airline while creating greater transparency around shipment status for the airline's cargo clients.
Read MoreThe Reserve Bank of India (RBI) has agreed to relax priority sector lending norms for exports by removing the turnover condition of Rs 100 crore and enhancing the maximum sanctioned limit to Rs 40 crore from Rs 25 crore now. This boost for the credit-strapped export sector comes amid slow global trade growth. The central bank will also review the threshold for export credit, which is capped at 2% of the total credit forwarded by banks, known as adjusted net bank credit (ANBC), to further ease the flow of credit.
Read MoreDHL Supply Chain has implemented its first smart warehouse in Asia Pacific with the digital twin technology, which involves using digital models to better understand and manage physical assets. DHL Supply Chain has implemented an integrated supply chain solution for Tetra Pak’s warehouse in Singapore. With this digital twin solution, Tetra Pak is able to maintain 24/7 coordination of its operations to resolve issues as they occur, particularly those that involve safety and productivity.
Read MoreThe logistics sector is likely to add 1.49 lakh new jobs in the April-September period of this financial year mainly triggered by the growing online seller base in smaller cities, according to a report. The report was based on a research done across 19 sectors and 14 geographies surveying 775 enterprises in India and 85 businesses across the globe.
Read MoreTVS Group plans to raise ₹350- ₹400 crore by selling about a 20% stake in its logistics and warehousing business to private equity investors. TVS Industrial and Logistics Park (TVS ILP) Pvt. Ltd has mandated Mumbai-based investment bank Avendus Capital for the transaction, said the first person, adding that the company is seeking valuation of ₹2,000 crore. TVS Group currently owns 50% of TVS ILP.
Read MoreMumbai-based logistics startup Leap India has raised INR 216 Cr ($31.77 Mn) in a Series C funding round led by private equity firm TVS Capital Funds. While TVS Capital has infused INR 100 Cr ($14.52 Mn), Sixth Sense Venture Fund invested INR 32 Cr ($4.64 Mn) and Samena Capital pumped in INR 40 Cr ($5.81 Mn) along with existing investors such as Mayfield and IndiaNivesh Fund.
Read MoreIndia is close to inking a key defense logistics sharing pact which will place it as a rare nation that has such a strategic agreement with both of the old cold war rivals - the US and Russia. India and Russia are finalising a defence agreement that will simplify interoperability and enable military platforms to receive support and supplies across bases in both nations.
Read MoreThe government’s focus on building a digital India is again highlighted with its willingness to train people on AI, IoT and Big Data that will transform the supply chain and logistics industry. The logistics sector plays a very crucial role in propelling India to become a $5 trillion economy. Some key measures like Ease of Doing Business, simplification of e-way bills, will improve the overall logistics sector and also reduce the cost of transportation.
Read MoreThe state-run Maharashtra Industrial Development Corporation (MIDC) has proposed the development of logistics hubs in six corridors comprising Nagpur-Wardha, Jalna-Aurangabad, Chakan-Talegaon-Hinjewadi-Ranjangaon, Khalapur-Taloja, Shahpur and Tarapur over the next two years. The government expects an investment of over Rs 20,000 crore in the proposed logistic hub. The first of such hub will come up at Chakan within a year. Apart from Indian companies, investors from China, Singapore and Indonesia have already evinced interest to invest in the upcoming logistics hubs.
Read MoreIn the emerging age of biologics, gene therapies and personalized medicine, pharmaceutical products will have short lifespans and must be shipped under temperature-controlled conditions and just-in-time timelines. It is here that supply chain management for pharmaceutical industry plays a critical role to ensure quality, safety and efficacy. The day-long conference was organised by The Organisation of Pharmaceutical Producers of India (OPPI), along with Indian Pharmaceutical Alliance (IPA) and Indian Drug Manufacturers’ Association (IDMA).
Read MoreDTerminal 2 Gesellschaft, a joint subsidiary of Munich Airport and Lufthansa, has awarded an upgrade contract for its Terminal 2 and satellite building at Franz Josef Strauss Airport in Munich to Siemens Logistics. The measures are scheduled to be completed by mid-2022. The upgrade to the current safety and security regulations for baggage handling will require Siemens to replace the X-ray equipment in the baggage handling system in compliance with the Standard 3 of the European Civil Aviation Conference (ECAC). Siemens is also implementing screening units of the latest generation that provide high-resolution 3D imaging and enhanced scanning quality.
Read MoreHyperlocal logistics space is set to see intense competition as Swiggy has been ramping up for a debut in the segment. According to three of Entrackr’s sources, the Naspers-backed company is launching Swiggy Go. This would be a service akin to dunzo – moving parcels from one point to another. Swiggy Go will be taking dunzo head-on with this new vertical. The multi-billion USD valued firm already impacting dunzo volume through Stores in Gurugram.
Read MorePharma logistics is expected to get a shot in the arm when the Swissport Pharma Center is completed by 2021 in a phased approach. Swissport is investing several million euros in developing approximately 3,620 sqm of end-to-end facilities in the new Swissport Pharma Center. The brand new Swissport Pharma Center will feature an increased surface area for pharmaceutical products. Ambient pharma space (+15° to +25°C) will more than triple from 800 sqm to 2,620 sqm. Additionally, a 1,000 sqm cooling facility (+2° to +8°C) will be available.
Read MoreTechnology-enabled logistics firm Rivigo has raised a funding of $65 million in the ongoing series E round led by existing investors Warburg Pincus and SAIF Partners. The company plans to utilise the funding to further strengthen its technology and network coverage. Rivigo recently launched the National Freight Index (NFI) to bring transparency to the largely unorganised logistics sector. It provides fleet owners and logistics decision makers unrestricted access to freight rate information and trends.
Read MoreSingapore headquartered log-tech startup Ezyhaul has raised $16 million in series B funding to expand to new markets in South Asia. The three-year-old company plans replicate its successful launch in Malaysia, Singapore, India (Mulura Logistics Pvt. Ltd) and Thailand. It is also integrating a cross border solution that currently stretches from China to Singapore. The company seeks to provide a complete plug and play model for its clients through its online platform.
Read MoreDHL Freight has announced a peak season surcharge effective September to December 2019. The surcharge of average 4 percent will apply to all full-truckload (FTL), part-truckload (PTL) and less than-truckload (LTL) transport in Europe. The shortage of drivers and constantly increasing road freight demand are further constraining the available capacity. DHL Freight's driver recruitment initiative is currently running on a pilot basis at five locations in Germany. The company has hired more than 50 truck drivers and deployed 30 brand new high-technology trucks.
Read MoreDHL Global Forwarding has opened a new logistics services facility in the Special Economic Zone (SEZ) near Chennai. The hub will offer value-added services including packaging, labeling, embossing, sorting, inspection, strapping, kitting and assembly of complete and semi knocked-down kits. Flexible storage options and a single window customs clearance also ensure a more streamlined and quicker processing of the stored cargo.
Read MoreThe 16th rake of specialised rail wagons has been delivered to APL Logistics VASCOR Automotive (APLL VASCOR). The rake is the first of five additional rakes scheduled to be introduced this year to APLL VASCOR’s AutoLinx product. The specialised rail wagons can transport (up to) 318 passenger vehicles, but can also accommodate motorcycles and automotive parts.
Read MoreFreight forwarders DB Schenker, Agility Logistics and Hellmann Worldwide Logistics have embraced Air cargo rates distribution platform, IATA Net Rates, to manage their full air cargo rates spectrum. IATA Net Rates fits perfectly within the vision and mission of IATA to develop standards, remove the paper with technology that brings efficiency to the industry and engage with all parties to join. IATA Net Rates is a neutral platform run by the air transport association for the benefits of the industry.
Read MoreMumbai-based logistics technology startup Freight Tiger has received a funding of $8 million. The funding round is led by Lightspeed Venture Partners with participation from Alsthom Industries (one of the Dalmia Group Companies) and Pawan Munjal Family Trust. Following this funding round, Freight Tiger plans to connect with more customers, expand its product and technology through Artificial Intelligence as well as Machine Learning and build industry specific AI extensions on the platform.
Read MoreTo increase its presence in the global logistics and marine services industry, DP World PLC has acquired international critical logistics and solutions provider Topaz Energy and Marine Limited (Topaz) for an enterprise value of $1,079 million. Dubai-based DP World acquired Topaz, which operates a modern, versatile fleet of 117 vessels, predominantly in the Caspian Sea, MENA, and West Africa regions, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital.
Read MoreSEKO Logistics has gained the ISO 13485 quality management certification for its facility in Amsterdam, which will now be a major MedTec hub for SEKO in Europe. The certification will play a key role in managing growing demand for the company’s international transportation and fulfillment solutions, cross-border eCommerce, Omni-Channel, White Glove and Final Mile services.
Read MoreKnight Frank launched the latest edition of its flagship report, India Warehousing Market 2019 at the recently concluded 9th India Warehousing Show 2019 in Delhi. According to the independent global property consultancy's report, top warehousing markets in India witnessed a growth of 77 percent year-on-year in leasing in April 2018-March 2019.
Read MoreTech-logistics start-up Blowhorn has made an environmentaly friendly commitment by announcing that it would move 50 percent of its fleet to eco-friendly mobility solutions like electric vehicles (EV), hybrid vehicles, CNG by the end of 2021 and 100 percent by 2025. Currently, 10 percent of Blowhorn fleet already run on EVs and is environmentally sustainable.
Read MoreDHL SmarTrucking has been appointed as perishables trading company JVS's exclusive logistics partner. DHL SmarTrucking provides bespoke refrigerated trucking solutions for temperature-sensitive products, in addition to tailored trucking solutions for dry goods. DHL SmarTrucking is based in India with more than 1,900 drivers and 745 trucks, and 13 SmartHubs across the country.
Read MoreContainer logistics company Maersk has launched its online product Maersk Spot to simplify the buying process for its customers. It provides customers a cargo loading guarantee at a fixed price upfront. Currently available as a BETA site, the product will be implemented on maersk.com at the end of July. With Maersk Spot, customers can search and get competitive rates online 24/7. The all-in price is calculated and fixed when the booking is confirmed, which happens instantly.
Read MoreAllcargo Logistics has sold its last vessel, thus exiting the shipowning and coastal shipping business. The company, which is headquartered in Mumbai, provides services including LCL consolidation, FCL Forwarding - exports and imports, air freight services, movement of over dimensional and project cargo, multi city consolidation - exports and imports and DDU/DDP/Ex works.
Read MoreDHL Supply Chain has established its Vision Picking solution in more warehouses around the globe after its successful augmented reality pilots. A statement claimed that the international trials had shown an average improvement of productivity by 15 percent and higher accuracy rates, adding that the solution had also halved onboarding and training times.
Read MoreOverall, the advent of technology forces is leading to a culture of decision making based on data and not gut-feel. The gains in both quality and performance as delivered in a technology-powered logistics value chain is realised by both buyers and providers. Today, it is not one unique identifiable technology that can create a quantum impact on the logistics industry.
Read MoreThe share of e-commerce in overall warehouse leasing uptake went up from 10 percent in 2017 to 23 percent in 2018, according to the findings of the report 'Online retail driving realty - Elevating the e-commerce game' by real estate consulting firm CBRE South Asia Pvt. Ltd. Warehouse leasing crossed the 25 million sq. ft. mark in 2018; grew by more than 45 percent on a year-on-year basis in 2018.
Read MoreThe International Air Cargo Association (TIACA) is establishing a new working group to define and deliver a Sustainability Program for the air cargo industry. To support the initiative, TIACA has signed a long-term partnership agreement with CHAMP Cargosystems. The concept and growing importance of sustainability is everywhere in our current society and is defined through the following interconnected domains or pillars: environment, economic, and social.
Read MoreIn a bid to transform the logistics sector in India, Rivigo, a tech-enabled logistics company, launched the National Freight Index (NFI) here in Delhi on Thursday. With this, Rivigo aims to bring transparency to the previously opaque industry. This first-of-its-kind barometer of the road freight market in India is based on a Rivigo rate exchange, which gives a live spot rate on over 7 million lane and vehicle type combinations in the country.
Read MoreAmazon no longer needs FedEx. But that's actually not so bad for the shipping company, which is cutting ties with the e-commerce giant. In many ways, these two companies had long been using each other, all the while knowing that a breakup was inevitable. FedEx has opted to not renew its domestic FedEx Express partnership with Amazon, the companies become only rivals.
Read MoreCity-based realty player Lodha Group has partnered with Warburg Pincus-backed logistics developer e-Shang Redwood (ESR) to develop an industrial park in Thane district at a cost of $100 million. The 50:50 joint venture between the two companies will develop 89 acres of land parcel in an industrial park in phased manner, which will house 17 institutional-grade speculative and non-speculative buildings.
Read MoreSpoton Logistics, one of the most agile express logistics companies in India, on Friday announced the inaugural of a major logistics hub with a total area of 120,000 sq feet at Chakan. This modern state-of-the art logistics hub is situated near Pune –Nasik Highway (NH60) and offers access to 38 route vehicles. The brand new hub offers storage capacity in excess of 650 tones and cross-docking facilities for simultaneous loading and unloading operations.
Read MoreEssar Ports Limited, one of India’s largest private sector port operators, has registered a massive growth in its throughput and port capacity ever since the beginning of the current fiscal. In just the first two months of April and May, the company has seen an increase of 29 percent in its cargo volumes accompanied by a throughput of 9.2 Million Tonnes (MT). The recorded throughput for the same months in 2018 was 7.2 MT.
Read MoreThe truck rentals in India are seeing a sharp decline for over the past 6 months, according to a report of the Indian Foundation of Transport Research & Training (IFTRT). The freight rentals have gone down by 15%, averaging around 2 – 3 per cent per month from November 2018 to May 2019. The major reasons to be considered for this freight downfall are the plunge in the factory output and the increase in cargo capacity.
Read MoreCompany has launched 8 new last mile delivery services with a target of doubling its top line to INR 3,000 crore by next financial year. The new services have been tailored to suit different customers of B2B and B2C segments under the brand Kerry Indev Express. The new brand will act as a door-to-door express service operating through 200 service centres on a Pan-India basis.
Read MoreUber Freight is sharing nearly all the revenue from its digital freight-matching platform with its carriers, according to a Morgan Stanley & Co. analysis that estimates it could be years before Uber Technologies Inc.’s logistics division generates meaningful profits. Uber’s freight brokerage business launched in 2017 and uses technology to connect truckers with shippers looking to move cargo.
Read MoreThe import demand was buoyed by pharmaceuticals, metal, appliances and kitchenware, paper, chemicals and fruit & nuts, mainly from Northern Europe, South Asia, China and Russia. Exports were driven largely by the East and West of India, which both contributed double digits to the growth, with commodities including plastic, rubber, textile, vehicles, and vegetables as the key drivers.
Read MoreThe demand for regulatory compliance, security and quality assurance has increased the demand for modern warehousing where organised players have an essential role. Technology adoption in warehousing is deemed as an imperative for efficient business processes. India has come a long way from basic godowns to smart distribution centres.
Read MoreWith the demand for fresh and processed fruits and vegetables, meat, dairy and other products on the rise, temperature-controlled transportation in India is estimated to grow at 15 percent per annum from 2016 to 2020. Tapping the immense potential in this space, the German logistics and mail service provider DHL launched DHL SmarTrucking and DHL SmarTrucking Cold Chain last year.
Read MoreZomato, online food ordering app is planning to invest around Rs 56 crore to set up 20 more warehouses across the country by the end of 2020 under its online business-to-business (B2B) food ingredient ordering platform, Hyperpure. With setting up of warehouses across 18 cities, the company is targeting a combined capacity of 90,000 metric tonnes (MT) and 700,000 square feet by 2020.
Read MoreFM Logistic, a leading international organisation from France, specialising in warehousing, transportation and co-packing, has announced its plans to invest $150 million over five years, as part of its strategy to grow in India. FM Logistic plans to strengthen its position in India by delivering on its post GST strategy of focusing on developing multi-client facilities (MCF) in the most important Indian Economic Zones.
Read MoreA fresh crop of companies is trying to change the huge but fragmented logistics market, employing technology to achieve efficiency, better volumes and lower costs. The startups, backed by large private equity firms, are improving the working conditions of truckers, who put in long hours behind the wheel with little respite.
Read MoreWhen the ecommerce industry took flight in India, one sector that immediately gained prominence was the logistics space, as startups rushed to provide efficient business-to-consumer (B2C) supply chain solutions to online retailers. Now, the large but fragmented logistics sector is once again emerging the darling of investors and startups alike.
Read MoreIIoT refers to a universe of intelligent products, processes and services that communicate with each other and with people over the Internet and promises to be the most transformative industrial revolution yet for manufacturers. While countries like Germany, France and China have made significant progress in terms of IIoT adoption, India has not yet moved much ahead in its IIoT journey.
Read MoreThe governments of Japan, India and Sri Lanka have agreed to develop a container terminal at the Port of Colombo, which has attracted major investment from China. This is located at the newly expanded south part of the Port of Colombo. The MoU will enable the concerned parties to develop a facility to allow large container ships to enter.
Read MoreDespite the many advancements in technology, when one-third of the world’s food is lost or spoiled in logistics because of poor management and human error, the need to come up with problem-solving solutions becomes pressing. StaTwig uses Internet of Things (IoT) and blockchain to monitor every minute step of the products’ journey, providing complete transparency and preventing disruptions in large-scale deliveries.
Read MoreRiding on structured reforms including the infrastructure status and the implementation of Goods & Services Act, Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years. With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India.
Read MoreTVS Motor Company has invested $3.85 Million in Bengaluru based-TagBox, a supply chain industrial internet of things (IIoT) and machine learning platform company as part of its Series A funding round. The round was entirely led by TVS Motor Company and its Singapore based Subsidiary, TVS Motor (Singapore) Pte.
Read MoreSnowman Logistics, an integrated temperature-controlled logistics services provided has been increasing its pan-India presence with strategically located temperature controlled warehouses, including key markets of Mumbai, Chennai, Bengaluru and Kolkata.
Read MoreLogistics optimisation startup Locus has secured $20 Mn in a funding round led by New York-based hedge fund Falcon Edge, VC firm Tiger Global and existing investors Exfinity Technology Fund- Series II and Blume Ventures India Fund II, in two tranches in February and April. Although, it’s not clear whether this investment is part of the bigger $20 Mn funding round or not.
Read MoreTrucking in India has long been a dangerous and thankless job. Most drivers have to deal with long periods away from home, sleepless nights, and harassment by police and other authorities. They have high rates of alcohol and drug abuse, and sexually transmitted diseases. So, while India’s growing economy needs around 10-15 lakh new drivers every year, very few young men want to take up truck driving.
Read MoreThe roar of passing trucks frequently drown out conversations at eateries lining NH 48 in Nelamangala, an hour northwest from Bengaluru city. A nondescript highway town of some 38,000 residents, this is a significant way station on the key highway connecting Bengaluru & Mumbai, as it heads out towards the commercial hubs en route, such as Tumakuru, Hubbali and beyond.
Read MoreZinka Logistics Solutions Pvt. Ltd, which operates business-to-business (B2B) technology-enabled logistics startup BlackBuck, has raised $36.07 million (Rs 249.78 crore at the current exchange rate) as part of an ongoing funding round. Venture capital firm Accel, an existing investor, led the fresh infusion by contributing $30.92 million (Rs 214.10 crore), show filings with the Ministry of Corporate Affairs. B Capital, the venture capital firm floated by Facebook co-founder Eduardo Saverin, put in the rest.
Read MoreIndia’s big e-commerce companies as well as startups are set to ramp up delivery fleets, the most crucial last-mile link in the supply chain, amid intensifying competition to grab a larger share of the customer wallet. Swiggy, Grofers, MilkBasket and Shadowfax are doubling delivery teams this financial year, and biggies such as Amazon and BigBasket have equally aggressive plans.
Read MoreFor the past few years, India has been battling with higher air pollution, and there’s increased pressure from the global community on India’s increasing population to cut down reliance on fossil fuels. The switch to renewable energy is happening, but at the same time, high pollution rates mean Gurugram is the most polluted city and Delhi the most polluted capital in the world. A major contributor to this growing pollution is vehicular emissions, especially as millions of Indians start using the convenience of online shopping and deliveries.
Read MoreThe government on Thursday relaxed the norms for e-way bills. Rules regarding validity have been changed, while a facility has been provided for auto-calculating the route distance. Under the goods and services tax (GST) regime, an e-way bill has to be generated if goods worth over Rs 50,000 are transported.
Read MoreHome-grown logistics firm DTDC is planning an investment of ₹400-500 crore over the next three years. Investments will be made towards setting up transit hubs and allied infrastructure. The company is eyeing a 60 per cent growth in its profits for FY19 (as compared to the previous year).
Read MoreBengaluru-headquartered logistics startup BlackBuck’s parent company Zinka Logistics Solutions Pvt Ltd, the company raised the funds in two rounds of INR 249.78 Cr ($36.09 Mn) and INR 303.31 Cr ($43.28 Mn) issuing 12,903 and 15,668 Series D compulsorily convertible preference shares respectively.
Read MoreGerman insurer and asset management company Allianz has tied up with global logistics developer e-Shang Redwood (ESR) to jointly invest about $1 billion in India's rapidly developing logistics and warehousing sector.
Read MoreThe rapidly growing e-commerce sector launched its own trade association under the name of The E-Commerce Council of India (TECI) on Wednesday. The founding members of TECI include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe, and Fynd along with online brands like Mamaearth, Superbottoms, and Azah.
Read MoreFrance-based FM Logistic Friday said it plans to invest USD 150 million (a little over Rs 1,000 crore) over the next five years to set up new warehouses in India. This amount will be used to focus on multi-client warehouses. The company plans to expand to five cities including four metropolitan cities.
Read MoreBy the year 2020 the FMCG market is expected to blow up to 104 Billion. It is a paramount indication of top FMCG companies in India investing on the optimization of organized retail. Digitization and automation are thus reimagining the traditional sales and distribution set-up of the FMCG market in India.
Read MoreUS based late-stage investor Accel Growth is leading a $100-150 million investment - along with Goldman Sachs, Facebook co-founder Eduardo Saverin’s B Capital and venture capital firm Sequoia Capital - in online freight aggregator BlackBuck. The deal will also see existing backers like Sands Capital and IFC invest in the four-year-old startup, valuing it at over $800 million, said the sources.
Read MoreA Bengaluru-based logistics company, Shadowfax has recently announced that it will expand its business-to-consumer (B2C) logistics service for Chinese ecommerce and logistics companies to deliver goods at the doorstep of Indian online consumers. The startup’s initiative to tap into Chinese imported goods comes at a time when China’s imports to India rose by 16.6% to $50 Bn in 2017-18.
Read MoreGurgaon-based logistics startup Delhivery raised $395 million in its Series F round to become the first Indian unicorn of 2019. The company raised $350 million from SoftBank Group alone, while existing investors Carlyle Group and Chinese conglomerate, Fosun International also participated in the round.
Read MoreThe Ministry of Commerce had published the draft policy and opened the issue for public discussions. The policy is being prepared by the logistics division within the commerce ministry. Accordingly, the logistics division came up with a draft which aims to provide an impetus to trade, enhance export competitiveness, improve India’s ranking in the Logistics Performance Index to between 25 and 30, among other initiatives.
Read MoreToday, the transformations that India is going through can be witnessed across all walks of life. Our industries are getting modernized as relevant automation and tech-adoptions are increasing their throughput while also improving efficiency. Looking at the larger picture, this development is adding to the market visibility and that of across-the-board processes.
Read MoreCalcutta has emerged as the third-largest market for warehousing and logistics in India, recording a 70 per cent growth in the absorption of space as the state starts reaping benefit from the implementation of the GST and the penetration of e-commerce. The city, which usually appears at the bottom of the pecking order when it comes to residential and office space adsorptions, consumed 3.4-million-square-foot space in 2018.
Read MoreRiding on structured reforms including the infrastructureNSE 0.96 % status and the implementation of Goods & Services Act, Indian warehousing and logistics sector is estimated to attract nearly $10 billion investments over the next 4-5 years. With addition of around 200 million sq ft warehousing space across India, total supply is expected to nearly double by 2022, estimated JLL India.
Read MorePune-based eCommerce logistics provider Xpressbees has raised INR 35 Cr ($4.9 Mn) from Mumbai-based venture debt and specialty lending company InnoVen Capital. It is not yet known if other investors participated in the round. It provides services such as last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services and tailored software solutions.
Read MoreAramex global financials were impacted after down-scaling India ops. Aramex had earlier acquired Mumbai’s Grab.in, and Jaipur’s Logisure. It provides logistics for major eCommerce companies such as Amazon India. Delhivery has reportedly acquired the India business of Dubai-based logistics firm Aramex for an undisclosed amount. Delhivery will take over Aramex’s local operations with effect from March 1, 2019.
Read MoreIndia’s largest e-commerce firm, Mjunction services limited, has entered into a strategic partnership with blockchain shipping firm Shipnext, global maritime news agency Sea News reports Feb. 20. The new partnership intends to boost efficiency across Mjunction’s supply chain, bringing value-added services to its clients. Mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms.
Read MoreAs the government refused to budge on the FDI norms kicked in on February 1, Amazon sellers have reportedly cited that they are unable to manage logistics and order deliveries on their own, and some have even reportedly called it quits. Amazon’s FBA sellers, such as Cloudtail and Appario, which helped the sellers in fulfilling orders have now stopped operations due to restrictions.
Read MoreChicago-based freight tracking logistics startup FourKites has announced that it will utilise a part of its $50 Mn Series C funding in doubling the employee headcount of its engineering arm in Chennai. Its existing investors - August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels - had invested in the startup’s latest funding round.
Read MoreLogistics-technology firm Rivigo Services Pvt. Ltd has raised $35.6 million in a fresh round of funding from existing investors Warburg Pincus and SAIF Partners. Company secured this sum by issuing compulsory convertible preference shares (CCPS) to the private equity giant and multi-stage investment firm.
Read MoreAll other industries are highly dependent on transportation, materials and goods for their very functioning - an efficient flow of which is what the logistics sector is essentially tasked with. Logistics has been projected to play a progressively significant role in driving the Indian economy further. Indian logistics sector has received great boost through policy level changes and transforming business environment in the past few years.
Read MoreMorgan Stanley is set to enter the Indian warehousing space through a Rs 400-crore investment via which it will take 85-90% stake in a platform to be jointly operated with KSH Group, sources close to the deal told FE. The investment is likely to be done from the Morgan Stanley Real Estate Fund (MSREF).
Read MoreIndia has a total road network of 5.6 million km. National highways account for 2.3% of this with a total length of 131,326 km, state highways account for 144,961 km and other roads 5.3 million km. National highways cater to more than 40% of the road traffic.
Read MoreBacked by a $300-m equity fund it hopes to develop 14-15 million sq ft of logistics space. Singapore-based real estate major Ascendas-Singbridge, which is among the largest foreign developers in India, is on a major expansion-cum-diversification drive, including logistics parks, data centres and co-working spaces.
Read MoreExpect the bigger conglomerates to continue to partner with technology partners. Expect companies to put more emphasis on increasing the visibility of their operations. Expect companies to focus more and more on automated optimal routes.
Read MoreThe logistics sector in India witnessed a new high recently, when the Kolkata-Varanasi and the Kolkata-Patna container cargo route was made operational by IWAI. After this successful endeavour, The plans in place for a safe and effective mode of transport for pilgrims and elaborates on the big plans towards making the cost-effective and environment friendly, inland waterways a flourishing new transport modal choice in India.
Read MoreDIPP on December 26, 2018, introduced certain changes to the 2017 policy governing FDI in the ecommerce sector. Policy changes in the garb of clarifications have the potential to change the dynamics of Indian ecommerce space. The changes are likely to impact the core business model of the likes of Amazon and Flipkart.
Read Moree-Shang Redwood (ESR) announced its strategic partnership with global asset manager Allianz Real Estate to invest around US$1 billion in the country’s logistics and industrial property market. Hindustan Infralog Private Limited (HIPL), a joint venture floated by Dubai-owned port operator DP World and the National Investment and Infrastructure Fund (NIIF) committed US$3 billion in ports, logistics and related sectors.
Read MoreIntel’s CLP provides services in the logistics and transportation industry to operate at low margins to boost efficiency. Intel’s Connected Logistics Platform allows the customer to automate shipment tracking and increase shipment visibility (e.g. location, temperature, humidity, mishandling) of high-value goods as they move through the supply chain and to their final destination.
Read MoreFairfax owned Saurashtra Freight plans to invest an amount ranging from INR 50 million to INR 1,000 million in companies in the field of logistics, warehousing, transportation and other relevant sectors associated to freight industry. The organization aims to invest up to INR 3500 million in the next three years to fuel its growth in the industry.
Read MoreAccording to market estimates, 30% of products sold on e-commerce platforms are returned. Reverse logistics, or managing the product return process, besides repackaging and refurbishing them, is disrupting the $160-billion Indian logistics industry.
Read MoreSouth East Asia and India-focused private equity firm Everstone is set invest $500 Mn (INR 3,577.5 Cr) in the logistics sector along with global logistics company GLP. The investment will focus on different sectors, including express-delivery, smart trucks, telematics and automation/robotics.
Read MoreE-way bill is mandatory for interstate movement of goods where the value of goods exceeds Rs. 50,000 (US$716), in motorized conveyance. The mechanism ensures that transporters need not have separate transit passes for moving goods across state-borders as the electronic bill is valid throughout India.
Read MoreIndia's logistics industry, currently estimated to be worth around $160 billion, is projected to reach $215 billion in the next two years. The meet, titled 'Logix India 2019', is an initiative taken by India’s trade body FIEO (federation of Indian exporters organizations), along with the Indian government, with the twin objective of inviting various international investment opportunities and tie-ups in the domestic logistic sector..
Read MoreBengaluru-based tech-enabled logistics marketplace Diptab Ventures Pvt. Ltd, which runs under the brand name LetsTransport, has raised $14.2 Mn (INR 100 Cr) in Series B funding from Bertelsmann India Investments, Fosun International and other investors. The company will use the fresh funds to strengthen new technology, add new portfolio verticals and scale up its operations.
Read More“Especially in the tech analytics space,” says CEO, Pirojshaw Sarkari. Mahindra Logistics is currently in talks with two companies. Three months earlier, it invested in Transtech Logistics in a two-step transaction that will see it holding 51% in the startup.
Read MoreChief Minister Manohar Lal says Haryana is third in India in ease of doing business. Five new cities similar to Gurugram in development and investments of over Rs 5.5 lakh crore, one of many, are taking place. Several lakhs of job opportunities expected in the coming years.
Read MoreThe company has drawn up a strategic roadmap to expand its operational footprint by establishing a market presence in Kenya, where the government plans to make the country Africa's auto-manufacturing hub, and Jebel Ali Free Zone in Dubai, which has emerged as a leading logistics and distribution hub for the automotive industry in the region.
Read MoreThe LDB project, unveiled in July 2016, was launched in the Kolkata Port Trust (KoPT), with the aim to track cargo in real-time. The initiative is expected to help cut logistics cost, which is high in India at 14% compared to 7-8% in developed nations.
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