PM unveils multi-modal logistics park in Odisha

During his visit to Odisha early this week, Prime Minister Narendra Modi unveiled an expansive multi-modal logistics park at Jharsuguda, a prime industrial hub in the state. The Multi-Modal Logistics Park (MMLP) has been built at a cost of Rs 100 Crores. It will facilitate EXIM and Domestic cargo including Private Freight Traffic. MMLP is located adjacent to Howrah- Mumbai which is 5 km from Jharsuguda Railway Station. Many important industries like steel, cement, paper etc are located around the facility and will be benefitted from it. The Multi-Modal Logistics Park will establish…

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Govt. approves fresh capital infusion in Export-Import Bank

The government has approved the recapitalization of EXIM Bank, the principal export credit agency for India. In a recent cabinet meet, the proposal of issuing Recapitalization Bonds by Government of India to the tune of Rs.6,000 crore for capital infusion in Export Import Bank of India (Exim Bank) was given the go ahead. The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively.The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000…

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Double-digit exports growth during April-December

India’s overall exports (Merchandise and Services combined) in April-December 2018-19 are estimated to be USD 396.73Billion, exhibiting a positive growth of 13.79per cent over the same period last year. Exports in December 2018 were US $ 27.93 Billion, as compared to US $ 27.83 Billion in December 2017, exhibiting a positive growth of a meager 0.34 per cent. Cumulative value of exports for the period April-December 2018-19 was US $ 245.44 Billion (Rs.17,11,905.60 Crore) as against US $ 222.77 Billion (Rs.14,36,614.25 Crore) during the period April-December 2017-18, registering a positive…

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Aeris-Roambee to provide Cold Chain Monitoring via IoT

Aeris, a technology leader in the Internet of Things (IoT), is working with the Roambee Corporation, an IoT supply chain and enterprise asset visibility company, to help enterprises improve their monitoring of shipments and assets through IoT-based technologies offered by both companies. Roambee provides IoT-based real-time global condition monitoring and visibility services for in-transit goods and in-field assets. Roambee’s unique end-to-end solution simplifies global shipment visibility across the supply chain, including the entire cold chain process for enterprises. The company provides patented hardware and software technology, combined with an array of senor data,…

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ixigo initiates supply side platform for airlines

India’s leading travel platform, ixigo is venturing into supply side technology platforms for airlines through the launch of its subsidiary Travenues. Travenues, which will be headquartered in Bengaluru, will be spearheaded by Chandramouli Gopalakrishnan, who is a seasoned engineering and product management leader and has held product leadership roles at Shotang, Stayzilla and Goibibo in his previous stints. Aloke Bajpai, CEO & Co-Founder, said, “With over a decade of experience in building India’s leading mobile travel marketplace, we will be bringing our learnings on mobile-first consumer experiences, growth marketing, personalization,…

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Capillary’ Dealhunt to offer deals from leading brands in India

Capillary Technologies, Asia’s leading SaaS company, has launched its first exclusive deals and coupons shopping app ‘DealHunt’. The app is a one-stop destination for best offers and deals across 20+ categories. Consumers can choose from 1000+ trusted brands on both online and offline platforms, including fashion, beauty, food, health, travel, electronics and more. The Android version is available to download on Google Play Store, while the iOS version is slated for release later this month. The offers and discounts on Dealhunt app are backed by Capillary’s AI-powered technology with in-depth analysis on…

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Major attractions at Vibrant Gujarat Global Summit

In what has become the highlight of the Vibrant Gujarat Global Summits held biennially, the Government of Gujarat is organising the Vibrant Gujarat Global Trade Show 2019 (VGGTS 2019), from 17-22 January 2019, at the Exhibition Ground, Gandhinagar. With a new paradigm shift, this Exhibition aims to provide a platform for multi-sector B2B engagements, wherein there will be, inter alia, Buyer – Seller Meets, Reverse Buyer – Seller Meets, Vendor Developments Programmes, Business Networking, Technology Assessment and Strategic Partnerships. Over 1500 Overseas and Domestic Buyers are expected in VGGTS 2019.…

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HSIDC invites applications for allotment of plots

Haryana State Industrial & Infrastructure Development Corporation is developing a footwear park over an area of 676 acres in IMT Kharkhoda, Sonipat. Applications are invited from the eligible applicants for allotment of plots for setting up units for the manufacturing of footwear and related products on plots of various sizes. For details, please visit: www.hsiidcesewa.org.in

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FSC to invest Rs 1000 crore for India Food Grid

Future Supply Chain Solutions, the logistics arm of domestic retail major Future Group, will be investing Rs 1,000 to create a pan-India network called India Food Grid for food and grocery distribution. The project entails creating a network of 38 food distribution centers broadly at a distance of 225 kms to cover local markets all across the country. “India Food Grid is an ambitious project by us that connects the entire country through a single, multi-layer network. Any supplier, small or big, can join this grid anywhere for further distribution…

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DB Schenker partners with Magento to boost e-commerce offering

Global logistics major DB Schenker has announced a new strategic partnership with Magento, one of the world’s leading providers of e-commerce platforms, to equip small and mid-size merchants with a powerful new extension. Combining DB Schenker’s fulfilment experience with global logistics markets with the powerful customization and flexibility of the Magento e-commerce platform will provide retailers a seamless connection between the front-end and back-end on a global scale. Being available through Magento Marketplace, the extension promises to deliver a quick, convenient and cost-efficient way to connect web shops and warehousing…

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