Marginal exports growth in February

There was a marginal growth of 2.44 percent in exports amounting $ 26.67 billion in February. Responding to the trend, President FIEO Ganesh Kumar Gupta maintained that economies across Asia specially China and South East Asian nations have been showing signs of sluggishness with contraction in manufacturing due to slowdown in the global trade and fragile world economy. Almost all labour-intensive sectors of exports during the month have moved into the negative territory including gems & jewellery, leather & leather products, plantation, handicrafts, carpets, jute manufacturing including floor covering, marine…

Read More

DHL unveils international hub in Madrid

DHL Express recently unveiled its hub at Barajas Adolfo Suarez Airport in Madrid. This expansion of the DHL Express global network will strengthen the position of Madrid as an important hub for international commerce, especially between Europe and Latin America. “With this latest investment in our infrastructure, we are further expanding the capabilities of our European and global network, enabling continued growth supported by a platform of quality. Customers from our traditional sectors as well as e-commerce customers in both private b2c as well as businesses who are driving their…

Read More

West India drives container trade growth

According to a recently released report by global shipping giant Maersk, India’s containerised trade (including export and import) grew by 6% in the Q4 2018. Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4. The demand for India-made goods such as vehicles, cereals and rice; supplemented by refrigerated cargo such as fish, seafood, vegetables and pharmaceuticals saw maximum growth in exports. West region saw the highest growth of imports…

Read More

Safeducate initiates ‘Safepreneurs’ to support women entrepreneurs

Safeducate, the training and skilling wing of domestic 3PL major Safexpress has launched “Safepreneurs” programme to promote women entrepreneurs. The company has identified five women drivers in the Logistics & Supply Chain sector, with entrepreneurial aspirations, and aims to facilitate their entrepreneurial journey by providing requisite training over a course of time and offering them ownership of vehicle post completion of the training stage. Under the Safepreneur initiative, Safeducate will be giving these five women a truck or carry vehicle against a minimal security deposit. The company will be responsible…

Read More

OYO to strengthen room supply base with $200 million investment

OYO Hotels & Homes – South Asia’s largest, and world’s fastest-growing chain of hotels, homes and quality spaces – has announced a commitment of INR 1400 crores ($ 200mn) for the India & South Asia business, as part of its efforts to further double down on its expansion plans, improve customer experience and ensure increase in continued asset owner success. The investment would be directed to further deepen and widen presence across the home country while focusing on aggressive capacity building to bring the choice of a beautiful living space…

Read More

“$150 million investment plan to create multi-client facilities near Indian metros”

French logistics major FM logistic has decided to up the ante in the Indian market with a fresh investment commitment of $150 million. The company had entered in the country three years back after acquiring Pune-based Spear Logistics. India is the third country in Asia (after China and Vietnam) where FM Logistic is keen to expand its wings. Jean Christophe Machet, Global CEO, FM Logistic speaks in an exclusive conversation with Ritwik Sinha explaining the company’s growth plan in India…    About three years back, you entered in India by acquiring…

Read More

China slowdown makes India more promising: Agility Logistics Index

The recently released 10th annual Agility Emerging Markets Logistics Index has called India  “the emerging market with the greatest potential.” The reported slowdown in China’s  economy has made India the hot favourite among the global logistics industry executives. Meanwhile, China has retained its numero uno position in the annual 50 country ranking list with India breathing down its neck at number two position. The other prominent countries occupying top slots in the list include United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Mexico, Qatar, Turkey and Vietnam. Judging competitiveness on various…

Read More

Single digit salary increment projected for logistics professionals

Professional services firm Aon recently released its 23rd annual salary increase survey which projects an average increment of 9.7 percent across the sectors in 2019 vis-à-vis 9.5 percent registered in the last year. The survey has broadly tracked businesses across 20 sectors and over 1000 companies and in the pecking order of the projected salary increase, transportation and logistics occupy the last slot in the list. The survey has projected 8.2 percent salary increase for logistics professionals.   Anandorup Ghose, Partner and Head Emerging Markets, Aon, commented, “Pay increases are marginally…

Read More

Haryana government approves dedicated logistics and warehousing policy

In a recent cabinet meeting, the Haryana government gave its green policy to the much awaited dedicated logistics policy. Christened as Logistics, Warehousing and Retail Policy 2019, the policy tends to consolidate Haryana’s position as a major logistics hub in the country. The policy aims to attract more investment in logistics infrastructure on 1 km stretch on both sides of the Kundli-Manesar-Palwal expressway (KMP). The state is also developing an integrated Multi Modal Logistics Park at Bawal (spread over 1200 acres) where large scale investments is expected. To ease the…

Read More

GSP withdrawal to have marginal impact, says export association

Responding to the recent directive by the US government giving 60 days withdrawal notice to India on GSP benefit, the apex industry body of exporters FIEO has maintained that the move will have marginal impact on Indian exports.  Ganesh Kumar Gupta, President, FIEO said that India’s exports to US stood at $ 50.57 billion in 2017 with a GSP tariff advantage of only USD 190 million, which was less than 0.4% of our exports. FIEO study reveals that processed food; leather products (other thanfootwear); plastic products (vinyl floor covering, BOPP…

Read More