Railway initiates SFOORTI for freight optimization

In a major digital initiative to help plan the traffic flows and optimize freight operations, Ministry of Railways recently launched Smart Freight Operation Optimisation & Real Time Information (SFOORTI) App for Freight Managers which provides features for monitoring and managing freight business using Geographic Information System (GIS) views and dashboard. According to a ministry release, this app will offer a slew of features including Bird’s eye view of all freight assets in a single window, end to end rake movement on Geospatial view and also help in analyzing  expected Traffic at Interchange points to evaluate daily performance.…

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India to become 3 largest AC market for Hitachi

Hitachi is aiming at making India third largest market for its AC products by 2021. India currently is ranked at number four position in the biggest markets list for Hitachi AC- after China, North America and Japan. “India is the fourth biggest current market for us…it’s growing very fast here and our ambition is to bring that to number three,” the firm’s VP Global Sales, Marketing and Channel Development Howard Lang has been quoted as saying in a recent newspaper report. “At the growth rate which has been presented, we would see…

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IFFCO launches online supply chain platform

Last week, fertilizer cooperative major IFFCO launched free door-to-door delivery services of its agricultural inputs across the country digitally through Indian Cooperative Digital Platform (ICDP). According to a news agency report, the move is aimed to bring the experience and benefits of modern e-Commerce to rural India by synergizing an efficient supply chain system with the latest technology tools. The platform will enable farmers to access to an entire range of essential agricultural inputs such as water soluble fertilisers, agro-chemicals, bio-fertilisers, seeds, plant growth promoters and other agro-based products. These…

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New roles emerging in supply chain, says Mercer survey

According to Mercer’s latest remuneration survey, companies across the board are expected to give a raise of 9-10 percent to their employees in 2018. The survey findings are based on response from 791 organizations across various industry sectors. An equally interesting component of the survey findings is the emphasis on emergence of new roles in the Hi-tech businesses and supply chain domains. “The Indian High Tech Market is undergoing a tremendous change and disruption, due to changing nature of jobs. New technologies like Artificial Intelligence, Machine Learning, Automation, Robotics, IoT have changed…

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Turnaround visible in textile and apparel exports

After four months of decline in 2017 – May,June, July and October- there are strong signs of a turnaround in textile and apparel exports. According to a recent data published by Directorate General of Commercial Intelligence and Statistics (DGCIS), Textile & Apparel (T&A) exports including handicraft exports registered a 20% increase in November, 2017 over October, 2017. The 20% overall increase in T&A exports is marked by an increase of 24% in readymade garments, 24% in cotton, 9% in man made textiles, 17% in silk products, 28% in handloom products,…

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‘BIBA Ready-to-Stitch Collection’ available on Amazon

BIBA, India’s leading ethnic apparel brand, entered into a partnership with Amazon India for the exclusive launch of ‘BIBA Ready-to-Stitch collection’ on Amazon.in. The selection from the brand is available on Amazon.in since 2014 and this latest inclusion is an extension of the brand’s existing selection on the marketplace. Through their presence on Amazon.in, the brand has become more accessible to millions of customers across the country. BIBA ready-to-stitch line is a collection of handpicked fabrics from all over India which can be stitched as per one’s size and style.…

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Positive signals for capital investment cycle

Jaikishan J Parmar (Research Analyst, Angel Broking):   For the month of November 2017, the index of industrial production (IIP) was sharply higher at 8.4%. However, it needs to be noted that it could be partially attributed to the base effect as November 2016 was the month when IIP had taken a hit due to demonetization. A clearer picture emerges when we look at the IIP for the 8-month period from April to November 2017 which stands at 3.2%. It is the components of IIP that are more interesting. While…

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