E-commerce export procedure through India Post to be simplified

With rising e-commerce exports, the government is now planning India Post to become a major intermediary in the space for outbound shipments. For this, the customs department will be simplifying procedures. The e-commerce exports facility through Foreign Post Offices (FPOs) is available since 2016 under Merchandise Export from India Scheme (MEIS) incentives from post offices at three locations – Chennai, Mumbai and Delhi. “Now, customs may be leading the reform race by permitting e-commerce exports through all FPOs, though without MEIS benefits for now,” a recent Finance Ministry statement said.…

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DHL Express India figures in Aon best employers list

Aon, the leading global professional services firm recently announced Aon Best Employers India 2018 list. The list figures DHL Express (India) with Aditya Birla Group, Hindustan Unilever, Shell, Vodafone India, etc.being other prominent names. The Aon Best Employers India study was launched 18 years ago in India. Aon reveals a significant shift emerging in organizations – they are responding to disruptive business and economic changes with ‘consistent agility’. The study finds that while there is a long road ahead for India Inc., the Best Employer organizations are ahead of the…

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L’Oréal India aligns with Mahindra Logistics for supply chain consolidation

L’Oréal India, the Indian subsidiary of world’s largest cosmetic company L’Oreal, has joined hands with Mahindra Logistics to implement its post GST supply chain consolidation strategy. As part of this deal, a distribution center in Haryana was recently inaugurated by Pankaj GUPTA – VP Operations South Asia LOREAL.  Pirojshaw Sarkari, CEO – Mahindra Logistics, said, “This agreement is testimony to our unparalleled dedication and solution oriented approach towards clients. This strengthens our solutions in FMCG/ cosmetics sectors. We are delighted to welcome a leading beauty company like L’Oréal as client.…

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3rd successive profitable year for SpiceJet

Domestic aviation major SpiceJet has reported a quarterly profit of Rs 46.1 crore for the traditionally weak quarter ended March 31st, 2018, making it the 13th successive profitable quarter for the airline. Net profit for FY 2018 stood at Rs 566.7 crore, making this the third successive year of profitable growth. For the previous fiscal 2017, the figures had stood at Rs  41.6 Crore and Rs 430.7 crore respectively. Operating revenues were at Rs 2,029.3 crore for the reported quarter and Rs 7,795.1 crore for the fiscal 2018. On an EBITDA basis, profit is Rs 131 crore for the reported quarter and…

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Financial support for private stakeholders in Inland Waterways

The Inland Waterways Authority of India (IWAI) will involve banks for ensuring availability of financing options for the private players engaged in Inland Water Transport (IWT) sector. Financing and funding for Operation and Maintenance of IWT assets is a challenge for shippers, vessel operators and asset management firms as the banking sector is not yet ready with any customized financing option for the sector. Addressing the recently held day-long stakeholders conference on Emerging Business opportunities in Inland Water Transport Sector organized by IWAI at New Delhi,the IWAI chairperson Smt. Nutan…

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ECS Globe appointed GSSA for Ukraine International in India

ECS Globe Air Cargo India has been appointed as general sales and service agent (GSSA) for Ukraine International Airlines (UIA) which has recently forayed in the Indian air cargo market. According to a report, ECS Indian branch has been providing support to UIA since early this month when the airline launched three direct flights per week between Kiev Boryspil Airport (KBP) and Delhi’s Indira Gandhi International Airport (DEL) on its 767-300 aircraft. The airline is further expected to add one more service in June taking its weekly frequency to/from India…

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Abu Dhabi oil company commences storage in India

Minister of Petroleum and Natural Gas, Dharmendra Pradhan witnessed the loading of first consignment of 2 million barrels of ADNOC crude for Mangalore Cavern on 12th May. During an early visit of the PM Narendra Modi, Indian Strategic Petroleum Reserves (ISPRL) had signed an agreement with Abu Dhabi National Oil Company (ADNOC) of UAE under which ADNOC will store about 5.86 million barrels of crude oil in India’s Strategic Petroleum Reserve (SPR) facility at Mangalore at its own cost. ISPRL has built 5.33 million tonnes (around 39 million barrels) of…

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Vishal Sharma is Schenker India’s new CEO

Schenker India, part of DB Schenker (the transport and logistics division of the Deutsche Bahn Group) has appointed Vishal Sharma as the New Chief Executive Officer – India and the Indian sub-continent, with effect from 2nd May 2018. He has succeeded Oliver Bohm who has taken up a new role as Europe Chief Commercial Officer after spending 20 years in the Asia Pacific (APAC) region. Sharma would be reporting to  Ditlev Blicher, CEO, DB Schenker in APAC.   With over 17 years of experience with Maersk, Sharma held various strategic leadership…

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Hactl handles new Western Global freighter operation

Florida-based freighter operator Western Global Airlines has appointed Hong Kong Air Cargo Terminals Limited (Hactl) to handle its first scheduled service into Hong Kong. The new twice-weekly 747-400F service between Hong Kong and Los Angeles is being operated in partnership with US forwarder Flexport. The airline plans to add a further weekly flight from September. Hactl is providing ramp handling, terminal handling and all documentation for the flights. Announcing the launch of the joint service, Neel Jones Shah, Flexport’s SVP and Global Head of Air Freight said: “This new partnership…

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14% annualized growth projection for global chemical logistics

Technavio market research analysts recent forecast, the global chemical logistics market, has projected a CAGR of 14% during for the business between 2016 to 2022. The increased demand for the customized green warehouse will drive the demand for the global chemical logistics market during the forecast period. Logistics companies such as Deutsche Post World Net have rolled out green initiatives in transportation, warehousing, and distribution operations in a bid to reduce their carbon footprint by 30% by 2020. According to a senior analyst at Technavio for logistics research, “The shift of the chemical logistics industry to…

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