Single digit salary increment projected for logistics professionals

Professional services firm Aon recently released its 23rd annual salary increase survey which projects an average increment of 9.7 percent across the sectors in 2019 vis-à-vis 9.5 percent registered in the last year. The survey has broadly tracked businesses across 20 sectors and over 1000 companies and in the pecking order of the projected salary increase, transportation and logistics occupy the last slot in the list. The survey has projected 8.2 percent salary increase for logistics professionals.   Anandorup Ghose, Partner and Head Emerging Markets, Aon, commented, “Pay increases are marginally…

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Haryana government approves dedicated logistics and warehousing policy

In a recent cabinet meeting, the Haryana government gave its green policy to the much awaited dedicated logistics policy. Christened as Logistics, Warehousing and Retail Policy 2019, the policy tends to consolidate Haryana’s position as a major logistics hub in the country. The policy aims to attract more investment in logistics infrastructure on 1 km stretch on both sides of the Kundli-Manesar-Palwal expressway (KMP). The state is also developing an integrated Multi Modal Logistics Park at Bawal (spread over 1200 acres) where large scale investments is expected. To ease the…

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GSP withdrawal to have marginal impact, says export association

Responding to the recent directive by the US government giving 60 days withdrawal notice to India on GSP benefit, the apex industry body of exporters FIEO has maintained that the move will have marginal impact on Indian exports.  Ganesh Kumar Gupta, President, FIEO said that India’s exports to US stood at $ 50.57 billion in 2017 with a GSP tariff advantage of only USD 190 million, which was less than 0.4% of our exports. FIEO study reveals that processed food; leather products (other thanfootwear); plastic products (vinyl floor covering, BOPP…

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Recent e-com funding bonanza to help supplychain improvement

In terms of fresh funding support, 2018 saw an influx of over $7 billion from PEs and Venture Capital firms to e-commerce and internet consumer companies in India and a substantial portion of this will be used for supplychain improvement. A recently released report by EY titled ‘E-commerce and Consumer Internet Sector India Trendbook 2019’ underlined that majority of the funding will be used for building supply chain, expanding new verticals and also for consolidation and acquisition.   In a cumulative sense, companies like OYO, Swiggy, PayTm Mall, Zomato, Udaan,…

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Saurasthra Freight eyeing for major acquisition

Canadian investment firm Fairfax owned Saurashtra Freight is looking for strategic acquisitions to consolidate its position in India. The company has plans to invest an amount ranging from INR 50 million to INR 1,000 million in companies in the field of logistics, warehousing, transportation and other relevant sectors associated to freight industry. The organization aims to invest up to INR 3500 million in the next three years to fuel its growth in the industry. Saurashtra Freight began operations in 2008 and has been the largest Container Freight Station (CFS) operator in Mundra. Speaking on the investment…

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Amadeus becomes global distribution partner of SpiceJet

Domestic aviation major SpiceJet and travel technology firm Amadeus have announced a new distribution agreement that gives Amadeus’ global network of travel sellers access to the airline’s range of fares and prices through the Amadeus Travel Platform. This is the first time that SpiceJet is working with a distribution partner. By connecting to travelers through the world’s largest community of travel sellers and buyers, the airline will be able to showcase its products on a global scale, access new markets and partners, and grow its customer base. SpiceJet is India’s…

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Hilti provides Amazon-Like experience with FarEye digital logistics support

Hilti, a global major in providing support for manufacturing products, systems and software has joined hands with FarEye, for their digital logistics solutions. Working with various 3PL partners across the country, a major pain area for Hilti was to manage these partners, map them against each other, track individual shipments and keep the customers informed on the status along with actionable insights. Additionally, manual processes and lack of proper communication between transporters and logistics managers resulted in manpower wastage and high wait time at warehouses for loading/ unloading of products. “Supply…

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‘Idea Sakhi’ launched exclusively for women

 To address the increasingly felt, safety related concerns of women, brand Idea has designed a unique mobile based solution, Idea Sakhi. It is a free of cost service available to all women customers using either prepaid or postpaid services of Idea, across the country. Accessible on both smartphones and basic feature phones, Idea Sakhi offers three extremely useful features – Emergency Alerts, Emergency Balance, and Private Number Recharge. Launched during the International Women Week, this service has already been made available to women customers of Idea across AP & Telangana, Assam & North East,…

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International Freight Tech: Becoming a wave in 2019

Samir Lambay CEO and Co-founder FreightCrate Technologies   International freight forwarding is slated to become the latest sector to undergo a rapid transformation through technological innovations due to therise of digital start-ups that are attracting billions in funding from venture capitalists.  However, until a few years ago not too many tech focused funds paid attention to this age-old industry that has been theback-bone of international trade for many years. What is freight forwarding and how is it changing? Freight Forwarding is a trillion-dollar industry that represents the vast network of…

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SIAM’s 2nd edition of Indo-Bangla Automotive Show

The 2nd Edition of the coveted Indo-Bangla Automotive Show, a four-day event, organized by India’s automotive industry body, Society of Indian Automobile Manufacturers (SIAM) in association with Automotive Component Manufacturers Association of India (ACMA) culminated successfully in Dhaka last week. The event saw participation of Industry leaders from both the countries and was also very well received by the general public, which comprised school and college students, business visitors and auto enthusiasts. This year’s show saw a huge surge in footfalls, compared to previous edition. Leading Indian automotive manufacturers along with…

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