DP World to build hyperloop in India to decongest cargo trade

Speaking at the World Government Summit in Dubai recently, DP World’s group chairman Sultan Ahmed bin Sulayem confirmed building first hyperloop project in India. The project which will link Pune with Mumbai is meant to decongest cargo movement. Earlier, the company had signed a deal with Virgin Hyperloop in February 2018 which has now been bought by DP World. Sultan bin Sulayem said DP: “The first project will be in India, we signed an agreement and we are looking at how to test the project. We have a team in…

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GS1 certification for products sold on GeM

GS1 India, a standards organization set up by the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with Government e-Marketplace (GeM).  This will enable GeM’s buyers and vendors toaccess rich, accurate and standardized information on attributes of thousands of products across categories, empowering them to make more informed decisions. GeM will access product data from GS1 India’s DataKart, the National repository of information on attributes of millions of retail products in the country. The categories get populated directly by manufacturers and brand owners. Every data will…

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Government in favour of ease of doing Agri-Business Index

To improve the lots of farmers in the country and meet its target of doubling their income in the next five years, the union government has proposed creation of an ease of doing agri-business index. It has circulated a concept note alongwith parameters for developing an Index has been to all States/UTs inviting their views. The concept is to consider farming not solely as a production oriented activity carried out to achieve food security for the country, but as a business activity carried out by farmer as entrepreneur. The proposed…

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Six agri-exports clusters to come up in Maharastra

Ministry of Commerce and Industry is making all out efforts to implement the first ever Agriculture Export Policy announced in December, 2018. Among other things, the policy would also provision for creation of distinctive agri-exports clusters in different states depending on their agricultural product strengths. In Maharashtra, six clusters have been identified for grapes, mango, pomegranate, banana, oranges and onion. For successful implementation, FPO’s and co-operatives would be linked with the farmers and exporters. Indian Institute of Packaging has been roped in for working on packaging standards for international markets in…

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Government invites feedback on draft National Logistics Policy

Logistics Division in the Department of Commerce, Ministry of Commerce and Industry has invited comments and suggestions on the Draft National Logistics Policy from the stakeholders in the logistics sector and from the public on various aspects of the policy. The policy document is available on the official website of Department of Commerce (www.commerce.gov.in) and MyGov portal (www.mygov.in). Comments and suggestions may be sent at e-mail address :draftlogpolicy@gmail.com or in the comment box under ‘Discussion’ section of MyGov portal latest by 19th February 2019. The comments and suggestion should be preferably in word…

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Over 20 percent sales growth in commercial vehicles

The apex body of vehicle manufacturers in the country SIAM recently released nine-month sales figure for the current fiscal. And here commercial vehicles seem to have registered the best growth across all segments. The industry produced a total 26,260,121 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-January 2019 as against 23,907,502 in April-January 2018, registering a growth of 9.84 percent over the same period last year. The sale of Passenger Vehicles grew by 3.72 percent in April-January 2019 over the same period last year.…

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Logistics industry applaud interim budget

Like other business sectors, the interim budget presented by Piyush Goyal on 1st February has also been applauded by the logistics industry for its focus on infrastructure development. “As announced in the interim budget, India has emerged as the fastest highway developer in the entire world, by building 27 KMs of highway each day. This has served as a huge boost to the logistics sector, especially the express delivery segment,” Chander Agarwal, MD, TCI EXPRESS, commented. “In addition, we believe that the export logistics will also improve, as the government has…

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Record horticulture production in 2017-18

The Ministry of Agriculture has announced the final horticulture production figure for 2017-18 and it earmarks touching a new peak. The production during the year 2017-18(Final) reached 311.7 Million Tonnes which is 3.7% higher than the previous year and 10% higher than the past 5 years’ average production. Production of fruits is estimated at  97.35 million tonnes which is 4.8% higher than previous year. Production of vegetables is estimated at about 187.5 million tonnes which is about 3.5% higher than the previous year. With an increase of 3.7%, the production of…

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30th National Road Safety week commences on Monday

Union Home Minister Rajnath Singh, Union External Affairs Minister  Sushma Swaraj, Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari, will inaugurate the 30th National Road Safety Week, 2019 in New Delhi on Monday, the 4th of February. The event will take place at Gandhi Smriti and Darshan, Rajghat, New Delhi. Various programmes will be held during the Road Safety Week, including seminars and workshops on Emerging Trends in Safety, Road Safety Engineering, Motor Vehicle Insurance, Emergency care (Protection of Good Samaritan & First Responder Training),…

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BHEL to set up India’s First Lithium Ion Giga Factory

Public sector electrical major Bharat Heavy Electricals Limited (BHEL) is in dialogue with Libcoin to form a world class consortium to set up a lithium ion battery plant in the country. The initial capacity of the plant is expected to be 1GWh which will be further scaled up to 30GWh in due course. According to an official release, BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure and other techno-commercial issues soon. Based upon the evaluation and recommendations of the team, further process…

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