Representatives from 26 countries participating in LOGIX INDIA

2nd LOGIX INDIA, organised by the Federation of Indian Export Organisations (FIEO), was inaugurated by Minister of State for Commerce & Industry, Som Parkash in Delhi this evening. More than 120 International delegates from 26 countries are attending 2nd Edition of LOGIX INDIA 2019 to develop superior logistics linkages with their Indian counterparts.   Inaugurating the 3-day mega event, Som Parkash said that the government is aiming at reducing the logistics cost to 10 percent of the GDP and has drawn the plans to invest around 100 lakhs crore in logistics infrastructure in…

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$36m capital infusion to support Ecom Express’ next level expansion

Warburg Pincus backed Ecom Express has drawn a fresh round of funding from CDC Group, the UK’s development finance institution. The Gurgaon headquartered end to end logistics service provider, particularly known for its alignment with the fast growing e-commerce business in the country, has drawn an equity investment of $36 million from the UK finance institution which is slated to assist in its next level expansion. The modest capital infusion is slated to enhance the penetration of the company within the country in reaching out to the hinterland locations. The…

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GreyOrange Launches Next Era Fulfillment Operating System

GreyOrange, a global software and mobile robotics provider that leverages artificial intelligence and machine learning to optimize fulfillment operations, has announced the latest release of its Fulfillment Operating System, which integrates GreyMatter software with the company’s series of mobile robots. The latest release embodies capabilities that optimize fulfillment for companies with omnichannel and e-commerce needs and increases store efficiency by packing replenishment orders according to individual store layouts and preferences. It also expands the orchestration of data and actions across the Company’s series of Ranger™ mobile robots. “Synthesizing GreyMatter with a…

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2nd LOGIX INDIA 2019 to focus on Global Logistics Cost Reduction

Federation of Indian Export Organisations (FIEO), is organising the 2nd LOGIX INDIA 2019, the Mega Logistics meet in New Delhi from 12-14 December 2019. Over 300 International and Indian Logistics companies and stakeholders are attending LOGIX INDIA 2019 to develop superior Trade linkages with India. More than 2 dozen countries will actively participate in the deliberations.   Speaking on the mega event, Sharad Kumar Saraf, President, FIEO said, “An efficient logistics system plays a critical role in facilitation and growth of trade for attaining global competitiveness. During the recent times more…

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FMCG e-commerce projected to become $4 billion business by 2022

Nielsen India expects the fast-moving consumer goods sales coming from the E-Commerce channel to grow to $4 billion by 2022. The channel contributes 2% to the current FMCG market. These are insights from Nielsen’s recently launched E-Trak Index – a measurement solution that tracks the FMCG E-Comm industry. India’s first such solution is created using aggregated ePOS (electronic point of sale) data from cooperating E-commerce players and data science backed estimation for non-cooperating E-commerce players in India. The index adds a crucial element to the Retail Measurement Services that Nielsen provides…

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Allcargo adds express service to its portfolio

Allcargo logistics has added express logistics service to its portfolio by acquiring a controlling stake in Gati Ltd. The company last week confirmed this move after the board approved the deal amounting over Rs 400 crore. “The exponential rise in cross-border and domestic e-commerce has opened up new markets for traditional express players such as Gati. With Allcargo’s strength in the ocean transportation business and Gati’s expertise in land and air transportation, we are now in a unique position to offer our customers a suite of truly multimodal solutions,” Shashi…

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SPOTON Logistics achieves ISO 9001:2015 certification

Spoton Logistics has been awarded the ISO 9001:2015 certification for its end-to-end Express Logistics operation services. Issued by Lloyd’s Register Quality Assurance, the ISO 9001 certification involved a lengthy process – complete with audits and training. The ISO 9001 certification assures customers that across every operational aspect of its express logistics service, from consignment booking, pickup, package handling at hubs, during transit, on the way to a customer, or anywhere in between, Spoton adheres to stringent quality standards across its process driven operations, meeting customer expectations as well as regulatory…

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Cold storage capacity enhanced by 45 lakh MT since 2015

In a written reply submitted in the Lok Sabha last week, Minister of State for Food Processing Industries Rameswar Teliin maintained a major addition in the cold storage capacity in the country since 2015. 1303 cold storages with a total capacity of 45,62,860 Metric Tonnes (MT) have been established in the country under the schemes under Ministry of Food Processing Industries and Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) from 2015-16 to 2019-20 (as on 31.10.2019),  he stated in his reply.  Ministry of Food Processing Industries (MoFPI) is implementing…

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Flipkart funding support for logistics firm Shadowfax

Domestic e-commerce giant Flipkart led the recent funding round in support of logistics firm Shadowfax which saw it generating Rs 430 crore. Other major participants in the funding round included Qualcomm Ventures, Mirae Asset Naver Fund and the World Bank-backed IFC. Flipkart already has an existing partnership with Shadowfax and the investment is meant to help Shadowfox take its hyperlocal partnerhip model with offline kirana stores to the next level. “By leveraging kirana stores and the deep delivery capabilities of Shadowfax and other Flipkart-led innovations, we are building a strong…

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Snapdeal adds 3500 pin codes in 2019

Snapdeal, India’s third-largest online marketplace, has reported significant expansion in its reach in 2019 by adding another 3500 pin codes to its logistics network. It now serves more than 26,000 pin codes across all 28 states and 9 Union Territories. After this expansion, Snapdeal covers all the metros, Tier 1 & 2 cities and most of Tier 3 and 4 towns of India, the company said in a statement.   Snapdeal has expanded its network to cover small towns in key markets like Uttar Pradesh, Maharashtra, West Bengal, Karnataka, Gujarat,…

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