Warehouse automation sector to be 6% larger by 2023

Interact Analysis has produced a newly updated report on the warehouse automation market. The over-riding message is that while scores of industrial sectors have suffered major downturns during the pandemic, and will struggle to recover, the warehouse automation sector is set to see a period of exponential growth. COVID-19 has given a massive and lasting boost to the online-shopping sector, driving warehouse managers to increasingly resort to automation solutions to improve efficiency and productivity, and enable social distancing on the shop floor.   COVID-19 will depress revenues for 2020 as…

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NTPC ranks first among Indian PSUs in Forbes list

Country’s largest power producer NTPC came first among Indian PSUs under World’s Best Employer this year in a list published by Forbes. The recognition is testimony to NTPC’s commitment towards inculcating best in class practices that are thoughtfully designed and robustly executed. According to a company release,during the lockdown phase and the subsequent unlock period, NTPC Learning and Development strategy moulded itself significantly to further evolve as per the requirement of the current scenario. Its training methodology enriched the lives of thousands of its employees through intensive digitisation and online…

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Automotive Supply Chain 2020

CII Institute of Logistics is organizing a conference on ‘Automotive Supply Chain 2020’  around the theme ‘Becoming Agile and Future Ready in the New Normal World’ on 30th October @ CII HIVE. Four key areas will form the discussion topic: Becoming Agile and Future Ready in the New Normal World. Building Agility in Lean Global Value Chains Digitization The future of Mobility Time: 10.00 Am to 05.30 Pm For more information, please feel free to contact/write: John Varghese Tel: 7974445132 Email id : auto.cil@cii.in /  varghese.john@cii.in

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Decks cleared for Assam’s first multi-modal logistics park

Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari laid the foundation stone for country’s first Multi-modal Logistic Park at Jogighopa in Assam last week. The park will be built at an estimated cost of around Rs 700 crore and will provide direct air, road, rail and waterways connectivity to the people. The project will be developed under the ambitious Bharatmala Pariyojana of the Government of India. Assam’s first multi-modal park will be developed in an expansive land parcel of 317-acre land and its first phase is scheduled to…

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India becomes a major export turf for DICV

Daimler India Commercial Vehicles (DICV) reached a major milestone recently with over 35,000 commercial vehicles and 150 million parts exported. The company also added Malaysia as a new CKD market. CKD (Completely Knocked Down) vehicles are exported in parts and then assembled locally – DICV already exports these to Kenya, South Africa, Vietnam and Indonesia. DICV is the only Daimler location worldwide that produces engines, transmissions, trucks and buses at the same site under four brands – BharatBenz, FUSO, Mercedes-Benz and Freightliner.  Satyakam Arya, Managing Director and CEO, Daimler India Commercial…

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DHL EXPRESS notches 2nd rank in Great Place to Work list

DHL Express, the world’s leading international express service provider, has been recognized as the second best place to work of all examined companies around the world. In its 2020 employer ranking Great Place to Work® and FORTUNE recognized the extensive investments and implementations of various initiatives to create a positive, motivating and appreciative working atmosphere in more than 220 countries and territories. “The pandemic has tested frontline companies like DHL Express like never before and we’re proud that our employees have risen to the challenge. Despite the pandemic still affecting…

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KVIC launches Khadi footwear, eyeing to tap international market

Union Minister for MSME, Nitin Gadkari recently launched India’s first-ever high quality Khadi Fabric Footwear, designed by Khadi and Village Industries Commission (KVIC). These footwear are made of Khadi fabric like Silk, Cotton and Wool. Shri Gadkari also launched the online sale of Khadi footwear through KVIC’s e-portal www.khadiindia.gov.in. “Khadi footwear is a unique product. International quality and use of fine fabric like Patola Silk, Banarasi Silk, Cotton, Denim would attract the youngsters who can purchase it online. These footwear are cost-effective,” Gadkari said while also urging the KVIC to develop…

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Kent launches India’s first cordless and rechargeable vacuum cleaner

Just at the onset of festive season, KENT has launched yet another innovative and smart home appliance – “KENT Zoom Vacuum Cleaner”. The biggest USP of this futuristic product is that it works without any cord and hose. Mahesh Gupta, Chairman Kent RO Systems, commented, “Unlike tradition vacuum cleaners which are cumbersome, Kent Zoom comes with a powerful cleaning experience and unrivalled in speed. It comes with a hose less and cordless design and is equipped with operations such as multi nozzle, handy fold & motorized floor.  It uses state of art…

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SITA offers smart border solutions for EU Schengen Zone

SITA, the technology provider for the air transport and borders industry, last week released a Positioning Paper detailing its latest generation of smart border solutions to facilitate the implementation of the new European Union Schengen Zone border controls planned for 2022. SITA’s new TS6 Automated Border Control (ABC) Kiosks have been developed to accommodate future upgrades and changing requirements, such as the use of new biometric capture devices or the introduction of a printer to provide receipts to travelers. The new EU Entry-Exit System (EES) is designed to ensure robust and consistent checks…

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Deceleration in cargo decline at major ports in Q2

According to a recently released report by credit agency ICRA, “the Indian Port sector is witnessing deceleration in cargo decline in Q2 FY2021, with cargo at Indian ports witnessing Y-o-Y decline of ~9% each in July and August, after severe contraction of ~22% in Q1 FY2021 due to the impact of Covid-19 pandemic. The recovery has been relatively better at non major ports.” Sai Krishna, Assistant Vice President and Associate-Head, Corporate Ratings, ICRA added: “The deceleration in cargo contraction is a favorable trend, but recovery in certain segments like POL, which…

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