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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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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DP World subsidiary acquires leading marine logistics provider

Unifeeder, a 100% owned subsidiary of DP World PLC, has announced the acquisition of a 77% stake in the Feedertech Group. The deal, which is expected to close in Q1/2020, is the latest step in DP World’s vision to build end-to-end logistics capability to serve the needs of shipping lines and cargo owners. The acquisition of Feedertech will expand the company’s feedering and short-sea product offering to multiple geographies. Established in 2003 and based in Singapore, Feedertech operates two businesses; Feedertech, which is an independent feedering service, and Perma, a…

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iFMS ensures tracking of fertilizer consignment

Department of Fertilizers (DoF) has developed an IT enabled system viz., Integrated Fertilizer Management System (iFMS), which captures end to end details of Fertilizer in terms of Production, Movement, availability, requirement, Sale, Subsidy Bill Generation to Subsidy payment to fertilizer companies. The iFMS system can be accessed at http://mfms.nic.in/. The portal ensures real time, online tracking of fertilizer movement, along the plant/port-rake point-district-wholesaler-retailer chain. It also provides Fertilizer availability data at state, district, wholesaler & retailer level. Department has also developed a dashboard which can be accessed at https://urvarak.nic.in. The dashboard…

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