Spurt in coal volume push major ports’ growth

According to a recently released research paper by the noted credit rating agency ICRA, the spurt in coal shipment has contributed to a 5.1% growth in cargo volume of major ports in the country during 5MFY2019, over 5MFY2018. The five month period saw an increase of 19.9% in coal volumes and 8.7% growth in container volumes. Continuing on the increasing momentum witnessed in H2FY2018, the coal volumes have rebounded largely on the back of improved demand and domestic coal supply disruptions, which has resulted in healthy import requirements, as per…

Read More

Airlines, Airpots investing in biometric

  Airlines and airports are investing to deliver secure and easy travel for passengers, with biometric technology a key priority. This is according to research released by global IT provider SITA. The SITA 2018 Air Transport IT Insights show how biometrics are being incorporated into the evolution of self-service at the world’s airports. Over the next three years, 77% of airports and 71% airlines are planning major programs or R&D in biometric ID management. Barbara Dalibard, CEO, SITA, said: “Secure and seamless travel is a must for the air transport industry. It…

Read More

‘State of Working India’ report underlines jobless growth

Azim Premji University recently released its first ‘State of Working India’(SWI) report in New Delhi. Some of the major takeaways of the report are: Jobless growth: India has struggled to convert its high rates of economic growth into good jobs. Currently, a 10% increase in GDP results in less than 1% increase in employment. The rate of unemployment among the youth and higher educated has reached 16%. Revival in organised manufacturing: The past decade has been good for the performance of the organised manufacturing sector. Several industries (especially, big employers like knitwear, plastics,…

Read More

India Solar Rooftop Map 2018

BRIDGE TO INDIA, a leading consulting and knowledge services provider in the Indian renewable energy market, has released latest edition of its India Solar Rooftop Map report (March 2018 edition). As per the report, total rooftop capacity has reached 2,538 MW with installation of 1,142MW in FY 2017-18. Following are the key findings of the report:   The market continues to grow rapidly with growth of 68% in FY2017-18 but growth has slowed down in comparison to last year (81%); OPEX model, where third party developers own and develop the…

Read More

Non-travel share growing in digital commerce business

The Digital Commerce Market has grown at a CAGR of 34%, between December 2011 and December 2017 to reach INR 2, 04,384 crores by the end of December 2017. It is estimated to reach INR 2, 37,124 crores by December 2018, according to the Digital Commerce report 2017, published by the Internet and Mobile Association of India (IAMAI) and IMRB Kantar recently. The report finds that Online Travel industry continues to grow strongly with 54% share while share of online non-travel has improved over the previous year to reach 46%.…

Read More

e-Commerce, an emerging threat for malls in smaller locations

  While e-commerce and brick-and-mortar stores will continue to co-exist in India, e-commerce currently has a definite edge over physical retail in India’s tier II and tier III cities, warns ANAROCK Retail’s report ‘Rebirth of Retail Malls: New, Improved and Revitalized’. The report, which was released at the India Retail Forum (IRF) in Mumbai recently, mentions that India’s tier-II / tier-III cities will also be key contributors to the country’s retail growth going forward. The organized retail market is growing at CAGR of 20-25%. “Nearly 100 million people out of India’s 300-400 million-strong middle class currently live…

Read More

Pitney Bowes Report: 15% parcel volume growth in India

Pitney Bowes, a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and data, released the Pitney Bowes Parcel Shipping Index –  the industry’s most comprehensive parcel shipping report along with shipping-related insights across 13 countries representing 3.7 billion people. The survey reports that parcel shipping generated USD $279 billion in revenue last year, an increase of 11 percent over 2016.   Parcel volume globally grew 17 percent last year to 74.4 billion parcels, up from 63.6 billion in 2016. This was in the 17-28 percent growth…

Read More

Stainless steel provides best solution for the sugar industry, says a study

 Corrosion and rapid wear of equipments, that transform cane sugar to refined white sugar, are the two major problems that afflict the growth of sugar industry. A technical study supported by Jindal Stainless along with JP Mukherjee & Associates, a global sugar industry consultant has concluded stainless steel as the best material for use in sugar industry. This joint study was undertaken to identify issues and recommend the best material for sugar industry equipments. The study was released recently at the annual convention of Sugar Technologists’ Association of India in Indore. Commenting on the release…

Read More

Four month high growth at major ports

A recent monthly update report by noted credit rating and research agency ICRA which highlights the key trends in the month of June, 2018 has pointed out a significant increase in cargo handling at major ports. However, the trends in railways freight sector was different. “ The growth in cargo handled at major ports rose a four-month high 7.1% in June 2018 from 2.7% in May 2018, reflecting a sharp uptick in iron ore and coal in that month. Moreover, the growth of non-oil merchandise exports in US$ terms rose…

Read More

Procurement Endgame

Virtually all industries have new issues to contend with. From e-mobility to the Industrial Internet of Things (IIoT), 5G and digitalization, the list is almost endless. These disruptions lead to the emergence of new products, services and business models in the blink of an eye. In this volatile environment, procurement plays a crucial role across all industry verticals. But the function needs to free itself of legacy structures and reframe its activities. The steps necessary for this procurement transformation are highlighted in the new Roland Berger study “Procurement endgame –…

Read More