Indian Railways to support NTPC in fly ash transportation

Public sector domestic power giant NTPC has signed a Memorandum of Understanding (MoU) with Indian Railways for transportation of fly ash its Special Freight Train Operator (SFTO) scheme. The fly ash will be transported by Bogey Tank For Alumina Powder (BTAP) rakes, which are leak proof wagons with special air fluidizing system. The recently signed pact with Indian Railways for fly ash transportation will help enhance ash utilisation at Rihand and Vindhyachal Super Thermal Power plants and it will be further extended to other NTPC projects. P.K. Sinha, ED (EMG,…

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Dachser India receives AEO certification

Dachser India, the Indian subsidiary of German logistics major Dachser, has received Authorised Economic Operator (AEO) certification which is slated to give a major boost to its international operations from the country. The certification granted by the Central Board of Indirect Taxes and Customs (CBIC) validates its positioning as a trustworthy and financially sound business partner for international shipment. “Achieving the AEO status after going through the exceptionally stringent review process is an incredible accomplishment for the entire Dachser India team. This endorses our goal to provide highly secure and reliable services…

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Puravankara-Morgan Stanley fund to build industrial parks

According to a recent report published in a leading national daily, real estate firm Puravankara and Morgan Stanley have signed an agreement to utilize a specific investment fund to create a warehousing platform. It will be eventually utilized to set up industrial parks in South India where Purvankara is strongly positioned.   The report underlines that the warehousing platform would mainly seek to undertake greenfield projects. “ It is at the initial stage where the process of identifying land parcels has started. Puravankara being Bengaluru-based, the south is its core…

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Marginal exports growth in February

There was a marginal growth of 2.44 percent in exports amounting $ 26.67 billion in February. Responding to the trend, President FIEO Ganesh Kumar Gupta maintained that economies across Asia specially China and South East Asian nations have been showing signs of sluggishness with contraction in manufacturing due to slowdown in the global trade and fragile world economy. Almost all labour-intensive sectors of exports during the month have moved into the negative territory including gems & jewellery, leather & leather products, plantation, handicrafts, carpets, jute manufacturing including floor covering, marine…

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DHL unveils international hub in Madrid

DHL Express recently unveiled its hub at Barajas Adolfo Suarez Airport in Madrid. This expansion of the DHL Express global network will strengthen the position of Madrid as an important hub for international commerce, especially between Europe and Latin America. “With this latest investment in our infrastructure, we are further expanding the capabilities of our European and global network, enabling continued growth supported by a platform of quality. Customers from our traditional sectors as well as e-commerce customers in both private b2c as well as businesses who are driving their…

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West India drives container trade growth

According to a recently released report by global shipping giant Maersk, India’s containerised trade (including export and import) grew by 6% in the Q4 2018. Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4. The demand for India-made goods such as vehicles, cereals and rice; supplemented by refrigerated cargo such as fish, seafood, vegetables and pharmaceuticals saw maximum growth in exports. West region saw the highest growth of imports…

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Safeducate initiates ‘Safepreneurs’ to support women entrepreneurs

Safeducate, the training and skilling wing of domestic 3PL major Safexpress has launched “Safepreneurs” programme to promote women entrepreneurs. The company has identified five women drivers in the Logistics & Supply Chain sector, with entrepreneurial aspirations, and aims to facilitate their entrepreneurial journey by providing requisite training over a course of time and offering them ownership of vehicle post completion of the training stage. Under the Safepreneur initiative, Safeducate will be giving these five women a truck or carry vehicle against a minimal security deposit. The company will be responsible…

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OYO to strengthen room supply base with $200 million investment

OYO Hotels & Homes – South Asia’s largest, and world’s fastest-growing chain of hotels, homes and quality spaces – has announced a commitment of INR 1400 crores ($ 200mn) for the India & South Asia business, as part of its efforts to further double down on its expansion plans, improve customer experience and ensure increase in continued asset owner success. The investment would be directed to further deepen and widen presence across the home country while focusing on aggressive capacity building to bring the choice of a beautiful living space…

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“$150 million investment plan to create multi-client facilities near Indian metros”

French logistics major FM logistic has decided to up the ante in the Indian market with a fresh investment commitment of $150 million. The company had entered in the country three years back after acquiring Pune-based Spear Logistics. India is the third country in Asia (after China and Vietnam) where FM Logistic is keen to expand its wings. Jean Christophe Machet, Global CEO, FM Logistic speaks in an exclusive conversation with Ritwik Sinha explaining the company’s growth plan in India…    About three years back, you entered in India by acquiring…

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China slowdown makes India more promising: Agility Logistics Index

The recently released 10th annual Agility Emerging Markets Logistics Index has called India  “the emerging market with the greatest potential.” The reported slowdown in China’s  economy has made India the hot favourite among the global logistics industry executives. Meanwhile, China has retained its numero uno position in the annual 50 country ranking list with India breathing down its neck at number two position. The other prominent countries occupying top slots in the list include United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam. Judging competitiveness on various…

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