DP World commences construction of Mumbai FTZ

Global logistics major DP World has started construction of its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. The Rs 1000 crore DP World FTZ investment comes under the Hindustan Infralog Private Limited (HIPL) joint venture between DP World (65%) and the National Investment & Infrastructure Fund (NIIF) (35%). This venture has been created to invest up to $3 billion in ports, logistics and related sectors across the country. NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ…

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E-commerce, express business drive DHL’s record growth

The world’s leading logistics company Deutsche Post DHL Group recently announced preliminary results for 2020 which is far better than market expectations considering Corona led troubles last year. The group has reported improving its operating profit (EBIT) to a record of EUR 4.840 billion and with this significantly outperformed its earnings guidance of EUR 4.1 to 4.4 billion for financial year 2020. With its broad range of logistics services, the Group benefited from the rise in global e-commerce activities and increased consolidated revenue by 5 percent to EUR 66.8 billion in…

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H&M touches half a century mark in India

H&M, Hennes & Mauritz AB, the international fashion retailer known for fashion and quality at the best prices in a sustainable way, recently opened its 50th store in India. The newest H&M store has been opened in Bhubaneswar. H&M opened its first store in 2015 and in a little over 5 years has expanded their retail footprint considerably. In November 2020, the brand opened its 49th store in Lucknow and today operates stores across 25 cities that include all the leading metro cities like Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore as well as other…

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Addverb introduces new solution for e-Grocery segment

Global robotics and automation company, Addverb has come up with its new automated Micro-Fulfillment Centers specifically dedicated for the e-grocery segment. The company through its innovative in-house solutions and robots is working towards making e-Grocery segment future ready. Micro Fulfillment Centers are the small-scale warehouse facilities, located inside the cities at strategic locations enabling a less than 2-hour delivery from the time; an order is placed till it gets delivered. Being on time every time, MFCs eliminates the complex web of last-mile delivery for the e-grocery retailer through its more efficiency in picking, packing and shipment services.   Making a smart move to higher…

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GRSE bags Passenger & Cargo Ferry Vessel contract from Guyana

It was a huge boost for the export initiatives of GRSE, when the Harbour Department, Ministry of Public Works, Govt of Guyana recently signed the contract with the shipyard on 13 Jan 21, to build an Ocean-Going Vessel at a cost of 12.7 MUS$.   The 1700 tons(appx) vessel is to be used on the Coastal and Riverine Areas of Guyana, and shall be equipped  with two Caterpillar Marine Diesel Engines coupled with Twin Disc Reduction Gear Boxes to achieve 15 knots speed.   GRSE has been a pioneer warship builder…

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Mahindra Logistics introduces Electric Last-Mile Delivery Service

 Domestic 3PL major, Mahindra Logistics has launched its cargo last-mile delivery service under the brand name ‘EDel’. This new service line of sustainable last-mile logistics and fulfilment with ‘EDel’ would particularly be deployed to serve customers in E-Commerce, FMCG,etc. EDel would initially operate across 6 major cities in India including Bengaluru, New Delhi, Mumbai, Pune, Hyderabad and Kolkata, before expanding to a total of 14 cities in the next 12 months. EDel will deploy a fleet of EVs starting with 3W vehicles, designed for cargo applications. The fleet will be deployed by MLL in collaboration with…

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GatewayRail commences operations on WDFC

GatewayRail Freight has become one of the first operators on the Western Dedicated Freight Corridor inaugurated by Prime Minister Narendra Modi yesterday. The prime minister flagged off the inaugural double stack formation of two trains with a total length of 1.5 km from New Ateli Junction. GatewayRail’s train from ICD Garhi Harsaru to Mundra Port was one of the two trains in this formation. This is the world’s first double stack train to be operated by electric locomotives. The freight trains will run at a speed of up to 100 KMPH…

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NTPC wins the prestigious CII-ITC Sustainability Awards 2020

Country’s largest power producer, NTPC ltd has been conferred “Excellence” in the prestigious CII-ITC Sustainability Awards 2020 in Corporate Social Responsibility (CSR) Domain. NTPC has been honoured in the Corporate Excellence Category, Commendation for Significant Achievement. The recognition was received by D. K. Patel, Director (HR) in the august presence of Shri Anurag Singh Thakur, Minister of State for Finance and Corporate Affairs at the 15th CII-ITC Sustainability Awards 2020 held through the virtual platform. This is the highest award conferred by CII-ITC in CSR domain. NTPC is the only PSU to…

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Govt plans product specific warehouses at ports

Ministry of Ports, Shipping and Waterways (MoPSW) intends to create Product Specific Warehouses/Silos at various Ports (including both Major and Non-Major Ports), Multi Modal Logistics Parks located near Port area and alongside the National Waterways. According to a recent government release, the purpose of development of this infrastructure is to reduce the storage losses, minimize logistic costs and facilitate distribution of cargo in the hinterland. MoPSW is targeting to develop the product specific Warehouses/Silos at ports for products such as Cement Silos, Liquid Tanks, Chemicals Tanks, Cold/Refrigerated Storage, Electronics Product…

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Positive growth in cargo traffic at major ports

After eight months of contraction, cargo traffic at the major ports grew by 3% y-o-y in November 2020. For the April-November period, the traffic has fallen by 10.5% y-o-y — only Mormugao port has seen a higher volume of cargo in the current financial year than a year ago. The cargo volumes for POL (Port of Loading), coal, and containers have declined while that for fertiliser and iron ore have increased from a year ago.  To read complete report, please visit: https://www.indoasiancommodities.com/2020/12/22/cargo-traffic-at-major-indian-ports-showing-signs-of-increase-in-november/

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