Deputy Manager vacancy with Balmer Lawrie

Balmer Lawrie is inviting applications from logistics professionals for the following posts: (a.) Logistics Services: Deputy Manager (Commercial), Freight Forwarding & Assistant Manager (Operations), Freight Forwarding (b.) Logistics Infrastructure (Container Freight Station)- Assistant Manager (Sales) For details, log on to the career section of the company’s website: http://www.balmerlawrie.com/pages/currentopening    

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Gujarat, Punjab occupy top ranks in logistics index chart

Gujarat and Punjab have occupied top two slots in the latest logistics index chart as mentioned in a government report (LEADS, 2019) recently released by the Commerce Minister Piyus Goyal. The chart denotes the efficient systems the states have put in place to promote trade and commerce. Andhra Pradesh has grabbed the third slot on the list while Himachal Pradesh is at the bottom of the chart. The report, Logistics Ease Across Different States 2019, has been prepared with the help of consultancy firm Deloitte. It aims to project the…

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Blackstone-Allcargo to forge partnership to build warehouses

The realty arm of the US-based asset management company Blackstone Group has planned to invest Rs 1,500 crore ($209 million) to create a network of warehouses in India. According to a recent report by the news agency Bloomberg, Blackstone will be initiating the warehouse vertical in association with one of the leading private logistics companies in the country, Allcargo. The report indicates Blackstone owing a majority stake in the venture which would aim at building a portfolio of 5 million square ft of warehousing space across the country by the…

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Exporters welcome booster measure for the exim trade

Welcoming the much needed booster for the exports sector, FIEO President, Sharad Kumar Saraf said that the announcement made by the Finance Minister Ms Nirmala Sitharaman last weekend has come at a time when there are signs of worsening global economic conditions pointing further toward downward revision of global trade growth. Slew of new measures announced for the exports sector in the form of incentives & refund of taxes, export finance, export facilitation, free trade agreements, engineering and handicrafts will not only go a long way in enhancing the growth prospects…

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Indian Railways announces fresh freight incentive

In a significant development last week, Indian Railways announced certain Freight incentives to give a boost to the economy. Member (Traffic), Railway Board P.S. Mishra, announced these measures, to support various segments of the industry. These include: Levy of Busy Season Charge Deferred: BSC, which is levied @ 15% from 1 Oct-30 June, has been deferred till further advice (Except for iron ore and POL). Coal & coke and container traffic are already exempt.   Waiver of Supplementary charges on Mini and Two point rakes: The 5% Supplementary charges applicable…

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Auto industry downturn continues, CVs worst hit

The industry produced a total 12,020,944 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-August 2019 as against 13,699,848 in April-August 2018, registering a de-growth (-) 12.25 percent over the same period last year. The sale of Passenger Vehicles declined by (-) 23.54 percent in April-August 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 29.41 percent, (-) 6.27 percent and (-) 34.04 percent respectively in April-August 2019 over the same…

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Pradhan urges steel industry to focus on value addition

Petroleum and Natural Gas & Steel minister Dharmendra Pradhan last week held meeting with CEOs of steel industry in New Delhi. The issues and bottlenecks concerning the industry and the possible solutions for them were discussed in the meeting. Speaking on the occasion, the Minister called upon the industry to do more value addition and fulfil the requirements of the niche sector. He also urged the industry to diversify their sources of raw material procurements, so as to bring down the costs and not being bound by limited channels. The…

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Anurag Katriar takes over as the new president, National Restaurant Association

 Anurag Katriar, Executive Director & CEO, deGustibus Hospitality, took over as the new President of the National Restaurant Association of India at its 37th Annual General Meeting held in New Delhi recently. The appointment was made unanimously after Rahul Singh, Founder & CEO, The Beer Café’s tenure came to an end. New appointments made to the Managing Committee include: AD Singh (Managing Director, Olive Bar ); Aditya Ladsaria (Co-Founder & Director, ALP Retail); Amit Arora, (CEO & MD, Buddy Retail), Amit Roy (Partner, Shilton Hospitality); Aseem Grover (Director, Big Chill Cafe); Gauri Devidayal  (Founder, Food Matters India); Kabir Advani (Managing Partner, Berco’s Restaurant); etc. Rahul…

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Delhivery receives $115 million funding support from Canada pension fund

Gurgaon headquartered Delhivery, one of the major tech-enabled start ups in the Indian logistics space, has received a funding support of $115 million from Canada Pension Plan Investment Board (CPPIB). “This investment in Delhivery builds on our Fundamental Equities Asia group’s strategy to provide strategic capital to high-quality companies in the region,”  Senior Managing Director and Global Head of Active Equities Deborah Orida was quoted as saying in a news report. Following this investment which entails CPPIB getting 8 percent equity share in Delhivery, the fund will also bag a…

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Cargill invests Rs 70 crore in building corn specific storage unit

The Indian subsidiary of the US based commodity giant Cargill has invested Rs 70 crore in creating a corn silo in the state of Karnataka. According to a news sport, the unit was recently unveiled in Davanagere district and it has a storage capacity of 60,000 tonnes. “Major population of the local Davangere community is engaged in corn farming. With this initiative, I am happy that local farmers will get more opportunities to sell their produce, making them more profitable in the long run,” Davanagere Member of Parliament GM Siddeshwara…

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