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Logistics
Logistics would emerge as the highest revenue-generating business for diversified PSU Balmer Lawrie & Company, a top official said on Thursday. Speaking at a virtual press conference, chairman and managing director of Balmer Lawrie Adhip Nath Palchaudhuri said that by 2030, the logistics vertical would contribute 45 per cent to 50 per cent of the total revenue of the PSU, which is projected to be Rs 6,000 crore. This financial year, the PSU expects to touch a revenue of Rs 3,000 crore, the CMD said. He said the first quarter of the current financial year has been very strong. The ongoing second quarter has been doing well. In the logistics vertical, the company has entered railway logistics with three rakes fully deployed, and Balmer Lawrie has entered into an agreement with SAIL in this regard. Balmer Lawrie has also started a third-party logistics business for which a warehousing facility has been commissioned at Dankuni near the metropolis, which will serve as a hub for the ...
Logistics and courier services operator DTDC Express is expecting its e-commerce segment to account for around 50 per cent of its overall business as the company bets big on the rapid commerce amid customers looking for quicker deliveries of their orders. The company which officially launched its rapid commerce vertical Raftaar earlier this month to offer deliveries as fast as 4-6 hours time, also plans to set up 125 dark stores in the next three quarters to cater to the customers' expectations, DTDC Express CEO Abhishek Chakraborty told PTI. "Rapid commerce, as we were describing today, is a sweet spot. We know quick commerce is all about minute deliveries, which is very perfect for impulse buys, urgent things, and groceries. "But, I think overall, there is a whole category of products for which both the brands want a faster, but definitely sustainable, cost-effective solution. And that is what DTDC wants to bring to the table, where brands can access the service without having to
Defence Minister Rajnath Singh on Sunday said logistics management by various agencies was a deciding factor in the success of Operation Sindoor launched by the Indian armed forces in May, targeting terror infrastructure in Pakistan post the Pahalgam attack. Singh was addressing students and faculty members virtually at the 3rd convocation ceremony of Vadodara-based Gati Shakti Vishwavidyalaya, a university under the Ministry of Railways. "The speed at which the world is changing is both impressive and shocking. The defence sector is also transforming, and major changes are being witnessed in the methods of warfare. In today's era, wars are not won by guns and bullets alone, but by their time-bound delivery," the minister said. Singh stressed that the handling of logistics decides a country's fate on the battlefield. Victory and defeat are decided by logistics, and the whole world had witnessed this during Operation Sindoor, he said. "Logistics management was a deciding factor in
India needs to strengthen its shipping ecosystem to reduce vulnerability in times of global crises and promote the country's trade, Special Secretary in the Department of Commerce Rajesh Agrawal said on Thursday. He said Indian flag vessels are very limited in number, and this leads to around USD 50 billion of trade deficit that we do have in the services sector solely due to maritime logistics. Calling the situation "unsustainable" as it also makes India "vulnerable", he said countries which have strong control over logistics systems fare better during global disruptions. "We need to focus on how we have a minimum degree of control over the global logistics ecosystem, which is also necessary to support our international trade as we move towards the 2047 Viksit Bharat goal," he said here at CII's export logistics conclave. The country, he said, has limited control over shipping and air cargo spaces. Citing an example, Agrawal said during Covid times, shippings cost went up multipl
No other distribution channel in the world is as wide or as deep as India Post, said Union Minister for Communication Jyotiraditya M Scindia on Wednesday. He urged the postal employees to work towards becoming the largest logistics organisation in the world, too. Scindia was addressing the Gramin Dak Sevaks Sammelan at K P Puttana Chetty Town Hall in Bengaluru. "India post has 1.64 lakh points of presence, from Kashmir to Kanyakumari, from Bharuch to Tawang," he added. He said, although the post offices are getting modern tools, like handheld devices and Darpan, postal employees need to change the way they work to bring in the real transformation. "Today, we have the capability of becoming the largest logistics organisation in the world. No one has the human resources to be able to do this apart from us. But we've got to make sure that we are at the cutting edge. Which means we need to innovate. We need to think about productivity," he added.