Export figures touch all time high in 2018-19

Indian exports in 2018-29 are estimated to have touched an all time high of over $330 billion beating the previous highest mark recorded in 2013-14. “Through secular growth over the last three financial years, following the major downturn in the face of the global slowdown, merchandise exports for 2018-19 are estimated at $ 331.02 billion, the highest ever, surpassing the earlier peak of $ 314.4 billion achieved in 2013-14. This has been achieved in a challenging global environment,” the commerce ministry said in a statement. Reacting to the overall merchandise…

Read More

Government e Marketplace registers over Rs 23,000 crore of GMV

Government e Marketplace (GeM), the national public procurement portal offering end to end solution for all procurement needs of Central and State govt. departments and PSUs, has reported a four-fold increase in total value of transactions on the portal and doubling of number of sellers in the marketplace in 2018-19. According to a government release, the portal grossed over Rs. 23,000 crores in Gross Merchandise Value (GMV) through more than 17 lakh transactions on the platform during the financial year. The portal made over 8.8 lakh products available on its…

Read More

Stellar’s third acquisition to strengthen positioning in express logistics

Anshuman Singh (former top executive of Future Supply Chain) led Stellar Value Chain Solutions has made its third acquisition since its formation in 2016. Warburg Pincus- backed company recently announced acquiring Patel Roadways, a known name in the express logistics space.  “With the Patel Roadways acquisition, we intend to make deeper inroads in the Express and LTL distribution space across the country. Patel Roadways is an extremely reputed brand and we have known it well for decades,” Stellar chairman and managing director Anshuman Singh has been quoted as saying in…

Read More

DP WORLD – SMS TO DEVELOP BOXBAY

Global logistics major DP World has joined hands with industrial engineering specialists SMS Group to launch a new high bay storage system – Boxbay According to a company release, “ Boxbay represents a new and intelligent High Bay Storage (HBS) system that will be ready in time for the Dubai Expo 2020 with a pilot project scheduled at Jebel Ali Terminal 4.” The patented design and rack structure of the system creates unique advantages with containers stored up to eleven stories high, delivering the capacity of a conventional terminal in…

Read More

GRM strikes a major distribution deal in UAE for Tanoush basmati

GRM Overseas, known for its “ Tanoush” basmati rice offering and India’s third largest basmati rice exporter to the world and second largest to the Middle East, has formed a strategic alliance with MAN Consumer, one of the fastest growing FMCG distributors in the United Arab Emirates (UAE). The distribution deal is expected to result in facilitating access to 22 Hypermarket Carrefour stores in the UAE.   Going forward, MAN Consumer will place GRM brands with other major retail outlets and supermarkets across the UAE. GRM started selling its own…

Read More

HONEYWELL INDIA ENTERS IN PROFESSIONAL AUDIO MARKET

Honeywell (NYSE: HON), a global leader in connected building technology, has made a foray into the professional audio industry with a range of speakers – Honeywell ProSound. The exquisite range of speakers is aimed at enhancing the listening experience of the audience in the entertainment segment.   An extension of the Honeywell Public Address and Voice Alarm (PAVA) solutions, Honeywell ProSound speakers will enable the company to offer solutions to new verticals like hotels, malls, multiplexes, amphitheaters, clubs, educational institutions, and auditoriums. With the launch of this category, Honeywell becomes…

Read More

ShiftKarado begins lowest price challenge for end users

ShiftKarado – a tech based emerging service provider in the fast-growing packer and mover space – has recently announced its LOWEST PRICE CHALLENGE campaign to expand its customer base.  The company, through its app-based service offers an instant and upfront quote which helps movers compare prices (even before the involvement begins), and thoughtfully price-customized protection levels that can be synced with any budget.  ShiftKarado’s LOWEST PRICE CHALLENGE, aims to offer families andbusinesses the satisfaction of opting for a price-bracket that is proven and tested – by the mover – as…

Read More

Five Myths about Transportation Management

Gautam Kumar, Co-Founder & COO, FarEye   Gone are those days when managing transportation was perceived as an afterthought. And thanks to uncompromising customer expectations this arm of a supply chain and logistics is now as important as planning procurement, managing inventory, and optimizing warehousing. But seamless management of transportation is easier said than done. To begin with let’s clear the cloud that has been obscuring some important facts about transportation for quite some time now. Common myths like transportation will continue to be a cost center, it does not…

Read More

$5 bn required annually for municipal solid waste management

An amount of US$5 billion every year would be required to implement public-private partnership (PPP) model for municipal solid waste management (MSWM) in Indian cities, noted a recent ASSOCHAM-EY joint study. The study titled, ‘The big “W” impact: effective urban waste management solutions in India,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with global advisory services firm Ernst & Young (EY) suggested the need for comprehensive and forward-looking policy which can accelerate a paradigm shift towards a modern and a healthy urban living. “We…

Read More

SCI awarded ‘Most Compassionate Employer of Indian seafarers’

The Shipping Corporation of India Ltd (SCI) has been awarded with the ‘Most Compassionate Employer of India seafarers’ by the NMDC Central Committee for being the pioneer and for continuing to make special efforts for the welfare and development of the Indian seafarers. The Award & Citation was conferred at the prestigious ‘Grand Finale’ of the 56th National Maritime Day Celebrations 2019 held on 05thApril 2019 at Y.B.Chavan Auditorium, Mumbai.

Read More