Mahindra Logistics to strengthen Asian Paints supply chain in Eastern India

Mahindra Logistics (MLL), the supply chain arm of business conglomerate Mahindra group, has been engaged by the leading paint company Asian Paints to give a facelift to its  supply-chain network in Eastern India. As part of the arrangement, MLL will be handling the Regional Distribution Centre (RDC) measuring 1 Lakh square feet at Dankuni, Hoogly, West Bengal and the first leg of distribution from this RDC. MLL’s services will be backed up by technologies for transport management and warehouse management. Pirojshaw Sarkari, CEO – Mahindra Logistics, commented, “Asian Paint’s superior…

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GRSE READIES DOUBLE-LANE PORTABLE STEEL BRIDGE IN RECORD TIME

Kolkata-based Garden Reach Shipbuilders & Engineers Limited (GRSE Ltd.), a premier establishment for building warships and carrying out engineering fabrications in the country, has come out with yet another stellar achievement. The Research and Development team of GRSE has turned the construction of a bailey type double-lane portable steel bridge into a reality, that too in a record time. The construction of the bridge was carried out inside the company’s premises near Belur station, in Kolkata. Scientists from the Structural Engineering Research Centre (SERC), CSIR have validated the bridge through…

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Fresh funding support for tech-Logistics Start-Up Blowhorn

Catbus Infolabs Pvt. Ltd, the Bangalore-headquartered intra-city tech-logistics company that operates Blowhorn.com, has announced successfully raising an undisclosed round of fresh funding. The current round saw participation from existing investors Chiratae Ventures and Dell Foundation as well as new investors that include Venture Catalysts, James Lee Sorenson and Japanese VC firm, Dream Incubator.   The company provides a full-stack service offering through an asset-light model via its tech platform that connects logistics service seekers with mini-truck drivers through the website and mobile app. Blowhorn has grown its revenues over 500% since its previous…

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FORCE TRAVELLER smart citibus joins BEST fleet

 Force Traveller Smart Citibus has been inducted in the B.E.S.T. fleet to bring about a paradigm shift in the last mile connectivity for Mumbai commuters from metro and local stations. The first lot of 5 Traveller Smart Citibuses (a part of 500 such Smart Citibuses planned by B.E.S.T) were flagged off and dedicated to the Mumbai commuters at a grand ceremony by Uddhav Thackeray – President, Shiv Sena in the presence of local dignitaries and B.E.S.T officials. The fully air-conditioned, 21 seater (+7 standees) Force Traveller is a hi-tech solution…

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India’s first premium cruise Karnika returns to Mumbai for new destinations

Karnika,India’s first premium cruise ship by Jalesh Cruises is arriving back in Mumbai on September 19 to sail to new and unexplored Indian cruise destinations-Ganpatipule in Maharashtra and Diu.  Jalesh Cruises, India’s first multi-destination cruise line is celebrating the homecoming of the ship with a 15 per cent discount to guests for Diwali, Christmas and New Year vacations. The 70, 285 ton, 14 deck white beauty will take to the blue Indian waters from September 20 with its first itinerary to Goa. Karnika will become the first domestic cruise ship…

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Tata Power Renewable commissions 150 MW Solar capacity in Rajasthan

Tata Power Renewable Energy (TPREL) has commissioned 150 MW solar capacity in Village Chhayan, Tehsil Pokharan, state Rajasthan. With this, the overall operating renewable capacity of TPREL now stands at 2,628 MW in India. The company had won this capacity in a bid at a tariff of INR 2.72/kWh announced by MSEDCL during May 2018. The sale of power from this solar plant has been tied up under a 25 year Power Purchase Agreement with Maharashtra State Electricity Distribution Co. Ltd. The company is currently developing 500 MW of renewable…

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NRAI held follow up meetings with Swiggy and Zomato

 NRAI held their second meeting with both the key delivery aggregators, Swiggy and Zomato on the 13th September, 2019. These were follow-up meetings to the initial discussions held on 29th August, 2019 between both sides after NRAI had flagged eight critical issues pertaining to the online delivery space which are crippling this vertical of the Food Service Industry. Follow up meetings with both Swiggy and Zomato on the eight core issues were largely positive and talks have progressed well so far. Both aggregators have presented concrete roadmap and apprised the…

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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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