Challenges in delivering cold chain products

Gopi G, Regional Business Manager – South, Snowman Logistics   When it comes to maintaining the quality of the product right from the source to its destination, an efficient cold chain strategy is the only way. Thermal and refrigerated packaging methods in the cold chain, effectively keep all products fresh and sealed. In India, the cold chain has been seeing visible progress in horticulture produce, meat and confectionaries over the past decade. Based on application, the cold chain market is bifurcated into fruits and vegetables, bakery and confectionery, dairy and…

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Cement demand to cool down

Noted credit rating and research agency ICRA expects the domestic cement growth to slow down to around 7% in FY2020. Agency in a recent sectoral report has emphasized weak offtake in cement in Q1 FY2020 as the possible sign of a year long slowdown.  Sabyasachi Majumdar, Senior Vice President & Group Head – Corporate Ratings, ICRA said:  “We expect cement demand growth to taper off in FY2020 after a strong double-digit growth in the previous year. The is already being reflected in tepid growth in Q1 FY2020, on the back…

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Gadkari assures auto sector of continuing support for revival

Delivering his keynote address at the Society of Indian Automobile Manufacturers (SIAM) 59th Annual Convention last week in Delhi, Chief Guest Nitin Jairam Gadkari,  Minister for Road Transport & Highways assured the automobile industry of support from the government for expeditious revival in their business. He further assured the gathering of taking up the industry’s demand of GST reduction with the finance minister. “The industry has asked that there should be reduction in GST of petrol and diesel vehicles considering the forthcoming increase in prices of vehicles and the BS VI norms…

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ESR-Future Group to develop logistics infra assets, Rs 300 cr investment planned

 ESR India Investments Holdings, a subsidiary of Asia Pacific’s leading logistics real estate platform ESR, announced a strategic alliance with Future Group through Future Market Networks Ltd . It is estimated that an investment of nearly Rs.300 crore (approximately US$42 million) shall be made to develop two state-of-the-art industrial and warehousing parks to service the northern and central regions. This collaboration is aimed to set new standards for the warehousing and industrial real estate sector and benefit from the burgeoning e-commerce growth in these regions. The two sites, with a…

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Xiaomi ships 100 million smartphones to India in five years

Chinese smartphone manufacturer Xiaomi, which currently occupies leadership position in the Indian smartphone market in volume terms, has announced reaching the milestone of shipping 100 million handsets in the past five years. The company confirmed achieving the 100 million units milestone ( between Q3 2014 to July 2019) after global intelligence consultancy firm IDC indicated this in a report. IDC also called the company the leading brand in the India for the past eight consecutive quarters.  “It’s indeed a joyous occasion for us at Xiaomi India. It’s a testament to…

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NTPC commissions first 660 MW unit of Nabinagar Power Plant

NTPC, India’s largest power generating company, last week commissioned the first 660 MW unit of 1980-MW Nabinagar Super Thermal Power project in Bihar. R.K. Singh, Union Minister of State (Independent charge), Power, New and Renewable energy declared the Commercial operation of 660MW Nabinagar Power Plant.Nabinagar Power Generating Company is a wholly owned Subsidiary of NTPC Limited. During his visit to NPGCL, Power Minister inspected the Power Plant and township. He highlighted the new initiatives and appreciated the efforts of NTPC for working in line with the Government commitments to ensure a 24X7…

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First mega food park in Telangana unveiled

Harsimrat Kaur Badal, Union Minister of Food Processing Industries, last week inaugurated the first Mega Food Park in Telangana promoted by Smart Agro Food Park at Village Lakkampally, Nandipet Mandal of Nizamabad District, Telangana state. The Mega Food Park will leverage an additional investment of about Rs. 250 crore in 22 food processing units in the park and generate a turnover of about Rs. 14000 crore. The Park will also provide direct and indirect employment to 50,000 youth and benefit about 1 lakh farmers.   The Mega Food Park has been set…

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GRAFF’s dual finish vintage collection now available in India

GRAFF®, manufacturer of contemporary precision-engineered kitchen and bath products, has launched the Vintage collection with a double finish handle for the Indian marketplace. The collection emulates the best of the industrial design paradigm, perfectly suited to outfit metropolitan environments known for their loft style. The Dual Finish Vintage Collection by GRAFF® draws inspiration from the design of classic fire hose nozzles, pairing a modern spout with bold handles. Each element, from the rounded brim at the spout’s top to the undulating handles complete with carefully designed cut outs, resembles the traditional forms of the fire…

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Mrida launches “Earthspired” range of Ready to Cook products

Mrida, through its FMCG brand “Earthspired”, has launched healthy millet based ‘Quick Cook n’ Serve’ Upma and Khichdi, that combines convenience with health and wellness. Earthspired represents a healthy, wholesome and ‘straight from rural India’ business. Available in 200 g packs, these products are available on Amazon, BigBacket and Mrida’s site, earthspired.com (https://www.earthspired.com/shop-for-natural-healthy-products) “In today’s day and age, we focus more and more on Ready to Cook offerings that add convenience to our daily lives. Keeping this in mind and the nutritional value of Millets, we have created our first offerings that…

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States role crucial for the Ease of Doing Business for MSMEs

A report, jointly prepared by PHD Chamber of Commerce and Industry and Delhi School of Economics, suggests that there is a need to give major impetus to ease of doing business for MSMEs. The study depicts very interesting findings as there is no uniform trend discernible in terms of perception of respondents towards ease of doing business for MSMEs. Majority (45%) of the respondents agreed to ease of doing business for MSMEs in the country and said that the economic and business reform measures undertaken by the government have been fruitful for…

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