Robust growth in warehouse leasing

Leading research and property consultancy firm CBRE recently released its ‘India Industrial and Logistics Market View, H2 2018’ report which underlines major jump in fresh warehouse leasing business in the country. According to the report, with rising demand from e-commerce and some other consumer centric businesses, the leasing in the warehousing and logistics sector shot up by a staggering 45 per cent to a record area of 24 million sq ft. In H2 2017, the figure had stood at 16.5 million sq ft. With 70 percent share in fresh leasing,…

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Mjunction to use Shipnext’s blockchain to improve supplychain management

Domestic steel trading online major mjunction has joined hands with blockchain shipping firm Shipnext to revamp its supply chain functionalities. The alliance with Ukranian firm is slated to facilitate introduction of value-added offerings on mjuntion – a joint venture between two steel in the country, SAIL and Tata Steel. According to Alexander Varvarenko, founder and CEO of Shipnext, “mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms.” In terms of trading value, mjunction is considered to be the largest e-commerce platform in…

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CJ Darcl to provide supplychain support to Korean cosmetics company

CJ Darcl Logistics – the joint venture between Indian logistics major DARCL and CJ Express of South Korea- has signed a deal with Amore Pacific to help the company in the supplychain management of its beauty and cosmetics products in India. South Korean firm Amore Pacific is a leading global name in the beauty and cosmetics products segment. To assist South Korean cosmetic firm, CJ Darcl has launched a new facility South West Delhi which will act as domestic distribution hub for Amore’s products. Krishan Kumar Agarwal, CMD -CJ Darcl…

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Two spice parks unveiled

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, last week announced Rs 1000 crore worth of projects. This also included inauguration of two spices parks in the country – in Kota, Rajasthan and Raebareli in Uttar Pradesh. The establishment of spices parks is meant to help farmers to get better returns for their produce and to ensure the quality of spices for exports. The elimination of intermediaries in the supply chain due to direct linkages facilitated by the parks will ensure better prices for the farmers informed…

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Tripura gets its first mega food park

Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti recently inaugurated Sikaria Mega Food Park at Village Tulakona in Agartala. This is the first Mega Food Park in the state of Tripura. The Mega Food Park has been set up in 50 acre of land at the cost of Rs. 87.45 crore. Government of India has accorded approval of a financial assistance of Rs. 50.00 Crore to the project. The food park is having facilities of fully operational Dry warehouse and material handling of 5000 MT, Pineapple canning…

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GreyOrange adds Flexo modular sortation system

Robotics and warehouse automation company GreyOrange has launched its latest modular sortation system, designed for modern distribution and logistics centers serving retail, and courier and express companies. The Flexo™ robotics system was demonstrated to customers and visitors in Stuttgart at the 17th edition of LogiMAT, an international trade fair for intralogistics solutions. Designed for versatility, portability and sortation efficiency, the new GreyOrange Flexo™ modular sortation system fits well in most warehouses thanks to its fluidic layouts, requiring minimal additional infrastructure. This high-performance system, capable of operating 24×7 round the clock, reduces cost…

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MobiKwik offers Instant Life Insurance for Rs 20

MobiKwik, India’s leading digital financial services platform, has now launched digital life insurance on its app for its users. MobiKwik in association with ICICI Prudential Life Insurance Company has rolled out first-of-its-kind group micro insurance product. The offering begins with a life cover of Rs. 1 lakh available for a monthly premium as low as Rs. 20/-. This is the second big announcement by MobiKwik in the digital insurance space, post the launch of accidental insurance in November 2018. Life insurance can be digitally purchased on the MobiKwik app, via…

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Poeir Jets Develops India’s First Heavy-lift Hybrid Drones

 Following the successful launch of the country’s first Microjet Engine series, Poeir has moved on to develop India’s first Heavy lift Hybrid drones, which was launched at Aero India 2019. With this launch, the company aims to establish itself as industry leaders in providing propulsion solutions to UAS (Unmanned Aircraft Systems).   The Heavy-lift Drones are fundamentally unmanned aircraft with fully customizable payload options that make them suitable for a wide variety of professional applications, from Law Enforcement to Search and Rescue Operations. The company has developed the following models…

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Air purifier industry to touch USD 38.99 million by 2023

Indian residential air purifiers market is projected to grow at a CAGR of more than 29% from the current level of USD 14.14 million to USD 38.99 million in 2023, backed by rapid urbanisation, increasing purchasing power, expanding urban population and deteriorating air quality, according to an ASSOCHAM-TechSci Research joint study. Some of the other key factors expected to drive the market are growing technological advancements, aggressive marketing strategies by air purifier companies, increasing incidences of airborne diseases and aspiration to lead a healthier lifestyle are anticipated to boost demand…

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Sohan Lal Commodity makes it to ‘Dream Companies’ list

Sohan Lal Commodity Management (SLCM) has been ranked 39th on ET Now’s list of the Top 75 ‘Dream Companies to Work For’ in Asia. The company has also been honoured as the ‘Dream Companies to Work for in the Warehousing sector’.  These awards were presented in a ceremony that took place at Taj Land’s End, Mumbai on 17th February 2019 where stalwarts from across the globe were present.

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