Decks cleared for one more major port in West Coast

The Union Cabinet, in its meeting last week, has given its ‘in-principle’ approval for setting up a major port at Vadhavan near Dahanu in Maharashtra. For the project which would entail an investment of over Rs 60,000 crore, a special purpose vehicle (SPV) will be formed. Country’s leading container port Jawaharlal Nehru Port Trust (JNPT) will be the lead partner of this SPV. The SPV will develop the port infrastructure including reclamation, construction of breakwater, besides establishing connectivity to the hinterland. All the business activities would be undertaken under PPP…

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FedEx brings ‘SME Connect’ programme to Chennai

FedEx Express, the world’s largest express transportation company and a subsidiary of FedEx Corp. (NYSE: FDX), as part of its ongoing commitment to support the growth of small and medium enterprises (SME/SMEs) in India, brings its ‘SME Connect’ Program to Chennai, Tamil Nadu. The ‘SME Connect’ program is a thought leadership and knowledge sharing platform for SMEs to interact with industry and subject matter experts for solution oriented discussions that impact their business. According to Udyog Aadhar, Chennai accounts for over 170,000 MSMEs making it the biggest SME hub in…

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Spoton achieves ‘Great Place to Work’ Certification

Spoton Logistics, the fast growing express logistics company, has been awarded the Great Place to Work® certfication, an internationally recognized standard that puts the spotlight on select workplaces that have a High-Trust, High-Performance Culture™ through a rigorous assessment and benchmarking system. Great Place to Work® certification is one of the most prestigious achievements for any organization across the globe. Spoton employees were audited by the Great Place to Work team, and the company was presented with their certification in mid-January 2020. Abhik Mitra, Managing Director and CEO, Spoton Logistics said,…

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Ambitious cargo throughput target for waterways and coastal shipping

Speaking at a function organized by the industry association Assocham recently, Amitabh Kumar, Director General, Shipping asserted that the government has drawn ambitious targets for cargo transportation by coastal and inland waterways routes in the next five years. He also strongly advocated the need of setting up a dedicated marketing organisation to shift the load from conventional means of transportation to inland waterways. “Problem with the shipping industry is even if the cargos are available, the routes are not financially viable. There is the dearth of goods that need to…

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Maharastra, Uttrakhand leading in Integrated Cold Chain Projects

The Ministry of Food Processing Industries (MoFPI) has sanctioned 39 Mega Food Parks and 298 Integrated Cold Chain Projects throughout the country to fill in the gaps across the value chain and establishing the Cold Chain Grid. On cold chain front,Maharatsra and Uttrakhand have taken the lead with 64 and 24 projects respectively. Uttar Pradesh, Himachal Pradesh, Gujarat are other leading states which have shown agility in implementing cold chain projects under the Pradhan Mantri Kisan Sampada Yojana (PMKSY). The PMKSY comprises of several component schemes including Integrated Cold Chain…

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Mahindra Logistics reports momentum building in non-auto sectors

Mahindra Logistics, the supply chain arm of business conglomerate Mahindra Group, has seen a revenue decline of 6 percent during the first nine months of the current fiscal. The company recently announced   its consolidated financial results for the quarter and nine months ended on December 31, 2019 which earmarks revenue going down from Rs. 2837 crore to Rs. 2659 crore in the nine month period. In the third quarter, there was a drop of 7 percent in earning against the corresponding period last year – from Rs. 981 crore to…

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Prakriti to create EV charging Infrastructure across Delhi NCR

Prakriti E- Mobility has signed an agreement with India’s leading integrated power utility Tata Power to provide state of the art charging infrastructure to support Prakriti’s EV Taxi fleet in Delhi NCR. Prakriti E-Mobility, co-founded by Nimish Trivedi, Vikas Bansal and Rajeev Tiwari, is an app-based Electric Vehicle (EV) taxi service provider As part of the tie-up, Tata Power will be responsible for designing, procurement, installation & management of all Charging Infrastructure at select locations across Delhi NCR. These chargers alongwith the public chargers installed by Tata Power will be used by…

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Uttarakhand’s First Heli Services under UDAN flagged off

Ministry of Civil Aviation (MoCA) last week operationalized the first ever helicopter services from Dehradun’s Sahastradhara helipad to Gauchar, and Chinyalisaur under the Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik. The inauguration of the heli routes in the Uttrakhand region is in line with the objective of the Ministry of Civil Aviation to enhance the aerial connectivity of the hilly areas in the country. MoCA awarded the Sahastradhara-Gauchar-Chinyalisaur route to Heritage Aviation under the UDAN 2 bidding process.  Heritage Aviation will operate helicopter services from Sahastradhara to Gauchar…

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Air transport industry’s first MRO blockchain alliance launched

MRO Blockchain Alliance, the air transport’s first industry-wide investigation into the use of blockchain to track, trace and record aircraft parts was recently unveiled. Members currently include Bolloré Logistics, Cathay Pacific, FLYdocs, HAECO Group, Ramco Systems, SITA, and Willis Lease Finance Corporation, supported by Clyde & Co. The alliance was first mooted in 2019 at a HAECO Group event with the aim of bringing the various stakeholders together to set a global standard around the use of blockchain to trace parts. In the coming months, the alliance will launch a…

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Huawei special offer for Valentine’s Day

To make this Valentine’s Day truly memorable for consumers, Huawei Consumer Business Group India, has announced a host of attractive offers on some of its bestselling and popular devices, namely Huawei P30 Pro, Huawei Y9 Prime, Huawei Watch GT and Huawei Watch GT 2. As a part of the offer, consumers will get exciting gifts including, the premium PLAYGO N23 Bluetooth earphones with Huawei Y9 Prime, the stylish Freelace, free with the widely considered camera king, Huawei P30 Pro and Mini Speaker free with Huawei Watch GT 2. The offers will…

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