FIEO-eBay partnership to promote eCommerce exports

Apex industry body for exporters, the Federation of Indian Export Organisations (FIEO) and global e-commerce major eBay have joined hands to promote retail exports via eCommerce from India. The strategic tie-up, inked last week, is meant to stimulate the growth of Indian retail exporters by helping them sell online to eBay’s 179 million buyers worldwide and share knowledge of retail export trends. Dr Ajay Sahai, Director General & CEO, FIEO advised the exporters to take to aggressive marketing strategies and identify and adopt additional export sales channels like ecommerce to take on the…

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Logos acquires two logistics parks near Chennai

The joint venture between pan-Asia logistics group Logos and Bangalore headquartered Assetz Property Group has made its first decisive move in the country. Recently, the JV entity agreed to buy two logistics parks near Chennai for a reported sum of around Rs 700 crore. According to Logos MD Tent Iliffe, the deal adds 2.2 million square feet of warehousing space to group’s kitty.  “This market is an important part of our Asia-Pacific strategy as we continue to support our tenant customers’ growth across the region,” he said.  “Logos will look…

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Chennai Port to operate Kamarajar Port as subsidiary

In a significant development, the Cabinet Committee on Economic Affairs recently gave ‘in principle’ approval for strategic disinvestment of 100% equity shares of Government of India in Kamarajar Port Limited (KPL) to Chennai Port Trust (ChPT) in a single stage process, by following ‘Arm’s length’ principles. After the transfer of the complete equity shares right, Kamarajar Port will be operated as subsidiary by Chennai Port Trust. Presently, the Government of India and Chennai Port Trust hold 67% and 33% of shares respectively in Kamarajar Port Limited.   The methods of valuation,…

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DP WORLD ACQUIRES P&O FERRIES FOR OVER $400 MILLION

DP World has announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of $ 421mn. P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation and a European transportation and logistics solutions provider, P&O Ferrymasters. P&O Ferries operates a fleet of 21 vessels on the Short Sea, North Sea and Irish Sea sectors across 11 ports whilst P&O Ferrymasters provides supply chain solutions in 19 European locations. P&O Ferries handles over…

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Rajkot to get greenfield airport

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Narendra Modi has last week cleared the proposal for development of New Greenfield Airport at Hirasar, Rajkot, Gujarat. The project is estimated to cost over Rs 1400 crore. The decision to create a new airport has been taken as the existing hub is not scalable. The present airport at Rajkot is severely land constrained having only 236 acres (approx.) of land and situated in the heart of city. Considering the constraints and compulsions with respect to existing airport, state…

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Cogent Transware launches ‘Hybrid Logistics’ for FMCG players

Cogent Transware, the Gurugram-based logistics company has launched its one-of-a-kind hybrid logistics system to enhance  the Indian FMCG sector in association with the UK-based Reckitt Benckiser. The new process introduced by Cogent will combine digital power with infrastructure and service capabilities to ensure safer and faster delivery of products to the end customer.Through this new model, Cogent will buy products from Rickett Benckiser and store them safely in their tech-driven warehouses backed by proper monitoring and other important aspects such as customs clearance and compliance management. Later, Cogent will deliver these…

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JP Logistics inks seven year tech support deal with Ramco

Canadian Logistics and Supply Chain leader J.P. Enterprises Logistics Corp has decided to implement Ramco Systems’ Logistics Software thus kick starting a digital transformation that will serve as a springboard for expansion and entry into the e-commerce space. Ramco’s business partner, Bricz, LLC., a U.S.-based supply chain consulting organization played a key role in this engagement.   With more than 30 years of experience as a global logistics executive, JP currently manages clients in 4,400,000 square feet in Canada, the United States, China and Belgium. Ramco has commenced the seven-year partnership by installing its end-to-end…

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Multi-modal Infrastructure to propel Real Estate Growth

Leading real estate consultancy and research firm, Anarock Property Consultants, has come out with a report which underlines that the government’s focus on developing multi-modal infrastructure will further propel the fortune of the Indian real estate sector. Following are the excerpts of the press release on the report…   In line with its aim to enter the USD 5 trillion club economy by 2025 – which is highly dependent on real estate and infrastructure – the Government has taken a multi-modal approach towards infrastructure development in the country over the…

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Uflex showcases plastic recycling solutions at IndiaPlast

India Plast 2019, the biggest plastics show in India was inaugurated by Niti Aayog CEO Amitabh Kant in the presence of Arun Kumar Panda, Secretary from Ministry of MSME, Mahendra N Patel, Chairman, PMMAI and Uflex CMD Ashok Kumar Chaturvedi. The 5 day exhibition being held at India Expo Centre in Greater Noida will conclude on March 04, 2019. Addressing the media at the inaugural ceremony, Ashok Chaturvedi, CMD of Uflex Ltd. emphasized on the importance of plastics and its recycling in India. Uflex is giving a Live Demo of Uflex Recycling Machine…

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