DFC project will enable railways capture market share, says ICRA

The commissioning of dedicated freight corridors (DFCs) is expected to benefit the Indian Railways (IR) in the medium to long term and will be a game-changer in the Indian logistics industry. As per an ICRA note, the DFCs will add incremental capacity to the railway network and would also have a positive multiplier effect on the logistics industry in India. Shedding more light, Shamsher Dewan, Vice President and Sector Head- Corporate Ratings, ICRA says, “Currently IR account for ~30% of total freight movement in India and are a preferred mode…

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GST implementation caused ‘temporary slowdown’

After its launch in July 2017, there has been a temporary slowdown post implementation of Goods and Services Tax (GST) even though Government of India has ideated and implemented a number of initiatives to improve business conduciveness, noted a recent ASSOCHAM-EY joint study. “But a consensus view is that India is poised towards a sustainable growth in the near future,” stated the report titled, ‘Ideate, Innovate, Implement: Invest in India,’ jointly conducted by ASSOCHAM and EY. It said that after GST implementation, with various inter-state check gates being removed and…

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India among top 7 countries for ransomware circulation

Sophos (LSE: SOPH), a global leader in network and endpoint security, recently announced its SophosLabs 2018 Malware Forecast, a report that recaps ransomware and other cybersecurity trends based on data collected from Sophos customer computers worldwide during April 1 to Oct. 3, 2017. One key finding shows that while ransomware predominately attacked Windows systems in the last six months, Android, Linux and MacOS platforms were not immune. The report has also put India in the list of high risk country for ransomware circulation. “Ransomware has become platform-agnostic. Ransomware mostly targets Windows computers,…

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India’s grooming and cosmetic market to touch $35 billion by 2035

 The market size of India’s beauty cosmetics and grooming is expected to touch $35 billion by 2035 from the current level of $6.5 billion says the joint study undertaken by ASSOCHAM– MRSSIndia.com. The study has revealed that the consumption the consumption pattern of cosmetics among teenagers went up substantially between 2005 and 2017 because of increasing awareness and due to the desire to look good and over 68% of young adults feel that using grooming products boost their confidence. Also about 62% of young consumers in big cities prefer to…

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Half of milk, fruits & veggies go waste due to poor cold chain

Despite India being world’s largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50 per cent of the total production valued of $440 billion (bn) ends up wasting, noted a recent ASSOCHAM-MRSS India study. “India has about 6,300 cold storage facilities with a capacity of 30.11 million metric tons, which are only able to store about 11 per cent of the country’s total perishable produce,” said a senior official of while releasing the study. Highlighting that about 60 per cent of this capacity is…

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Continuing decline in coal imports to impact port players

The volume growth at major ports was low at 3% during the first five months of current fiscal, FY2018 as coal volumes recorded 12% decline during the period, even as iron ore volumes grew 29%. Says K. Ravichandran, Senior Vice-President and Group Head, Corporate Ratings, ICRA, “The continuing decline in coal volumes, at a more rapid rate, as compared to the previous periods, is a concern over the long term for the port sector since many ports and terminals have significant dependence on coal imports. A prolonged decline in coal import requirement in…

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JUST-IN-TIME SHIPMENTS WILL BECOME A NORM

The recently released 2017 Zebra Technologies’ Manufacturing Vision Study reveals the current state of the industry and the extent of technology adoption by decision makers in Asia Pacific. Globally, 1,100 executives from automotive, high tech, food, beverage, and tobacco, and pharmaceutical manufacturers in North America, Europe, and APAC participated in the study. APAC participants include those from China, India, Japan, Australia, and South Korea. Excerpts from the chapter dealing with just-in-time functionalities:     Real-time communication between the supply chain and the production line is crucial for flexible, Just-In-Time (JIT)…

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Airports infrastructure require sizeable funding

(Summary of a recent report by leading credit rating agency ICRA):  The country would need to nearly treble its airports capacity (terminal building capacity) at an estimated capital expenditure of Rs. 2.4 lakh crore in the next ten years, much higher than around Rs. 52,000 crore incurred over the last decade, to address the growing air traffic. According to ICRA, the airports infrastructure sector in India is increasingly getting constrained by the strong growth in traffic since FY2014. During the period, FY2014 to FY2017, the passenger traffic has grown by…

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India H1 EXIM remains relatively robust: MAERSK Trade Report

The year 2017 has been one of great contradictions. It started on a part-positive and part-skeptical note, as the average citizen tried to re-adjust his priorities to the Government’s high-value currency swap, while simultaneously rejoicing the checks introduced on black-money holders in the system. Soon after came the implementation of the Goods and Services Tax (GST).The impact of all these changes is being reflected in India’s EXIM performance in the first half of 2017, as per an analysis by Maersk Line, the world’s largest container shipping company. Closing at 7%…

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India to reach 20 GW of installed solar capacity by this fiscal end

BRIDGE TO INDIA, a leading consulting and knowledge services provider in the Indian cleantech market, recently announced that India’s total installed solar capacity has grown by over 84% in the last four quarters, in their September edition of India Solar Map 2017. Out of the 7.5 GW capacity added in this period, 57% has come from three southern states – Telangana, Karnataka and Andhra Pradesh. Telangana now ranks number one for commissioned capacity followed by Rajasthan and Andhra Pradesh. Speaking on the launch of the map, Vinay Rustagi, Managing Director, BRIDGE TO INDIA, said, “It is a curious time for solar sector in India.…

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