SLCM wins ‘SCMPro Warehouse Awards 2018′

Sohan Lal Commodity Management (SLCM) has won the SCMPro Warehouse Awards 2018 in the ‘Best Agri Warehouse’ category for bringing in the best practices in warehousing into India. Ankur Jaipuria, Chief Business Officer and Neeta Israni, Assistant Manager – Corp. Comm. at SLCM received the award from Vijay Wadhwani, AVP Supply Chain Management, Relaxo Footwears Limited at the SCMPro Warehousing Summit on 17th March 2018 at The Hotel Orchid, Mumbai. The group currently manages 2295 warehouses and 19 cold storages across India using a proprietary scientific storage management system ‘AGRI…

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DP World announces acquisition of Continental Warehousing in India

Hindustan Infralog, a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a 90% stake in Continental Warehousing Corporation (Nhava Seva). CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports, logistics and related sectors. DP World is currently present at six locations in India with…

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Bata launches first exclusive ‘POWER’ sportswear store

Global footwear giant, Bata has launched its first exclusive store for Power – its international sportwear brand. This first store is located at the favorite shopping hub of Noida within Great India Place Mall and will cater to the increasing demand for active lifestyle with a range of shoes, apparel, bags, and accessories. “Designed in Canada, Power is an iconic brand world over, and building exclusive retail touch points for Power with an international retail environment is a key aspect of our growth strategy. The active lifestyle trend across India presents a big opportunity for the Power brand. The choice of India for our global launch of Power sportswear format tells of our long-lasting commitment to the Indian market,” said  Alexis Nasard, Global CEO, Bata Shoe Organization, at the launch.   Launched in 1971, Power is the international sportswear brand from Bata. It is designed in Canada and sold all over the world.

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Arvind aiming to touch Rs 10,000 crore topline mark

Much known for its denim offerings, Ahmedabad-based domestic textile major Arvind is aiming at a major jump in its topline in the next four-five years.  According to a report by news agency PTI, Arvind is targeting to touch Rs 10,000 crore revenue figure in the medium run. “Overall the textiles business for us is around Rs 6,000 crore and we would take it to Rs 10,000 crore over the next 4 to 5 years,” Aamir Akhtar, Arvind Ltd CEO Lifestyle Fabrics told  the news agency while emphasizing that the company…

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Government approves Plastic Park in Deoghar

Union Minister for Chemicals & Fertilizers and Parliamentary Affairs, Ananthkumar recently announced the government’s approval to set up a Plastic Park in Deoghar District, Jharkhand, here today. The project would be set up at a cost of Rs. 120 crores in an area of 150 acres and a range of polymer products including woven sacks, moulded furniture, water tanks, bottles, pipes mosquito nets, etc would be manufactured.  The government has also announced the setting up of Rs. 3.5 crore Plastic Recycling unit at Deoghar to tackle the menace of plastic…

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NHAI awards contract for Gurgaon –Sohna road in Haryana

The National Highways Authority of India, NHAI, has issued Letter of Award – LOA for development of NH-8 (Delhi – Jaipur Highway) in the State of Haryana on Hybrid Annuity Mode. Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of existing Delhi-Gurugaon Expressway. This involves six-laning and strengthening of two separate sections of about nine and 13 kilometers of NH-248A in Gurgaon at a cost of Rs 1255.77 crore. The project comprises four minor bridges, a flyover and five FOBs.…

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