IMTEX FORMING 2020 & Tooltech 2020

Asia’s leading exhibition on metal forming and manufacturing technologies is being organized by Indian Machine Tool Manufacturers’ Association (IMTMA) at Bangalore International Exhibition Centre (BIEC), Bengaluru, from 23rd to 28th January 2020. This will be the largest IMTEX FORMING exhibition held so far. The 6th edition of the exhibition will span over 33,000 square metres with more than 500 exhibitors from over 22 countries including India. IMTEX FORMING 2020 & Tooltech 2020 will once again bring diverse groups and stakeholders on a common platform for knowledge sharing and transacting business. Technologies in metal…

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Second edition of Logix India, a roaring success

2nd Edition of Logix India 2019 concluded with yet another great fan following and roaring success, offering huge opportunities for both Indian and Global players. The 3-day mega event organized by the Federation of Indian Export Organisations (FIEO) saw well over 3500 business to business meetings along with parallel sessions on different issues, challenges and above all opportunities with regard to the logistics sector across India and the world. More than 120 logistics companies and their delegates from 26 countries participated at this mega event and exchanged business prospects and opportunities…

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Govt plans Rs 100 lakh crore investment to improve logistics infra

Speaking at the inaugural session of Logix India 2019 last week in Delhi, Minister of State for Commerce & Industry Som Prakash said that the government is committed to reduce the logistics cost in the country and has planned  staggering investment to improve the logistics infrastructure to achieve the objective. Inaugurating the 3-day mega event, Som Parkash said that currently the logistics cost in India is 30-40 percent higher than the global benchmarked logistics cost. However, the government aims at reducing it to 10 percent of the GDP. “The government…

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FSC-Nippon Express collaboration to begin from January

After formally signing the strategic partnership deal with Future Supply Chain Solutions (FSC) in Mumbai on December 11, Nippon Express has informed in a press release that the two entities will commence their collaborative operations from January, 2020.  Japanese firm has recently acquired nearly 22 percent in the supply chain subsidiary of Kishore Biyani led Future Group at over Rs 600 crore and the strategic partnership between two major entities is expected to create India’s leading logistics entity.   The deal will facilitate FSC’s integrated and high-quality service offering to Japanese and other…

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PE investment drops in warehousing and logistics in 2019

According to a recently released report by Anarock Consulting (focusing on trends across different segments of realty in 2019), there has been a considerable drop in PF investment in warehousing and logistics businesses in 2019. “After a fairly scintillating performance in 2018, the logistics & warehousing sector failed to show much growth in 2019. In fact, it witnessed a 27% decline in total PE inflows in the first three quarters of 2019, equalling nearly USD 200 mn as against USD 275 mn in 2018,” it said.  As per ANAROCK research, the top 8 cities…

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DB Schenker opens a major eco warehouse center in Dubai

Global logistics major DB Schenker has opened its first fully solar- powered logistics center in Dubai with an area of 33,000 square meter. The regional distribution center, DLC II, is located in the logistics area of Dubai South, in the immediate vicinity of Al Maktoum International Airport. DLC II will become the central regional logistics hub in the Middle East for DB Schenker’s customers, including Unilever: the main local partner and one of the world’s leading suppliers of home care, beauty & personal care, foods and refreshment products. The construction…

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UrbanClap signs Unicommerce for supply chain management of warehouses

UrbanClap, India’s leading home services marketplace, signed up with the leading e-commerce and supply chain enablement platform Unicommerce, for warehouse management to manage the supply chain for goods being delivered to their service partners. UrbanClap enables consumers to hire premium service professionals, from beauticians and masseurs to appliance technicians, carpenters, yoga trainers and more. The company has a partner network of more than 20,000 micro-entrepreneurs who are provided product and consumables support. It has signed up Unicommerce to streamline supply chain and logistics over a network of 4 warehouses and…

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GRSE delivers seventh IN LCU L57

Garden Reach Shipbuilders and Engineers, a leading warship building company and Miniratna Category 1 company under the administrative control of the Ministry of Defence recently delivered IN LCU L-57 (Yard 2098),seventh in the series of eight such vessels to the Indian Navy. The ship is the 103rd Warship built and delivered by GRSE so far since its inception in 1960. LCU Mk-IV ship is an Amphibious Ship with its Primary Role being Transportation and Deployment of Main Battle Tanks, Armored Vehicles, Troops and Equipment from Ship to Shore. These Ships based at…

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