Explore Business Standard
Supply Chain
Supply-chain realignments and inventory restocking ahead of the US holiday season helped India's exports rebound in November, think tank GTRI said on Sunday. After recording contraction for two consecutive months, India's merchandise exports to the US rose 22.61 per cent to USD 6.98 billion in November despite steep 50 per cent tariffs on domestic goods, according to commerce ministry data. Imports during the month grew 38.29 per cent to USD 5.25 billion. During the April-November period of this fiscal year, the country's exports to the US increased 11.38 per cent to USD 59.04 billion, while imports rose 13.49 per cent to USD 35.4 billion. The US has imposed a sweeping 50 per cent tariff on Indian goods entering American markets from August 27. The Global Trade Research Initiative (GTRI) said in sectors such as electronics and machinery, "supply-chain realignments and inventory restocking ahead of the US holiday season also supported shipments". It added that the rebound after ..
As many as five companies, including supply chain asset pooling firm LEAP India and Eldorado Agritech, have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday. Other firms that received regulatory clearance are Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity; Foodlink F&B Holdings (India), a catering and food retail chain company; and Technocraft Ventures, a wastewater treatment solutions provider. All five companies, which filed their preliminary IPO papers between June and September, obtained the regulator's observations between November 25 and December 5, the update showed. In Sebi's parlance, receiving observations is equivalent to its go-ahead to proceed with a public issue. On the other hand, two companies -- Inox Clean Energy and Sky Alloys and Power -- have withdrawn their respective IPO papers on December 5. According to industry sources familiar with the development, Inox .
GHCL Ltd has partnered with authentication solutions provider AuthBridge to enhance environmental, social and governance (ESG) compliance across its supplier network, the chemical manufacturer said on Monday. The collaboration will automate ESG data collection and verification, introduce ESG scoring into supplier evaluations, and align practices with global standards, including India's Business Responsibility and Sustainability Reporting (BRSR) framework mandated by the Securities and Exchange Board of India (SEBI). AuthBridge has engaged with GHCL's suppliers to facilitate ESG adoption, guiding security service providers on workplace harassment prevention and labour laws, while helping manufacturing partners track greenhouse gas emissions across direct and indirect sources. "Listed companies increasingly need scalable, tech-enabled solutions to manage supplier compliance," AuthBridge Founder and CEO Ajay Trehan said in a statement. GHCL's supplier base includes raw material vendor
Allcargo Logistics Limited on Monday announced that the demerger of its international supply chain business as well as the merger of domestic business has become effective from November 1. Under a composite scheme of arrangement, Allcargo Logistics has demerged its international supply chain business into a newly incorporated entity Allcargo Global Limited. Following the demerger, domestic express distribution and consultative logistics businesses will be merged into the resulting Allcargo Logistics Limited, aligning operations for enhanced synergy and value creation, the company said. The scheme of arrangement had received approval from the Mumbai branch of the NCLT on October 10. The board of directors has approved the record date of the transaction as November 12, basis which the share of Allcargo Logistics Limited will trade ex-international business, it said. The merger will give effect to the consolidation of the domestic express business (currently under Allcargo Gati and .
Commerce and Industry Minister Piyush Goyal on Wednesday said it is important for the country to have resilient supply chains, control over key technologies and reducing overdependence on certain geographies. He said the clarion call to promote swadeshi products is not just about making in India, designing or developing in India as it is key for the country's long-term growth and sovereignty. He added that reducing dependence on foreign technologies, foreign weapons, foreign energy sources and foreign critical technologies is important for the country's growth. "This decade in fact has given us several wake up calls, starting from Covid, how important is to have resilient supply chains, to have your own technologies, control over technologies, control over essential supplies in critical areas. "How important it is to decouple in certain sectors and certain very important subjects, from overdependence on certain geographies. And therefore India today has resolved to move away from j
Commerce and Industry Minister Piyush Goyal on Wednesday said the government is addressing supply chain issues across all sectors to build resilience, even if it involves spending "extra buck". Addressing UNCTAD's Ministerial Roundtable on 'Towards Resilient, Sustainable, and Inclusive Supply Chains and Trade Logistics' in Geneva, Goyal said India has launched the 'Atmanirbhar Bharat' initiative to make the country self-reliant. "We are addressing each and every supply chain sectorally to see where our vulnerabilities are, where we need to expand capacity, and we are willing to pay that extra buck to be able to have resilience in our supply chains," Goyal said. The government has launched initiatives, like a production-linked incentive scheme to boost domestic manufacturing, and a policy to promote semiconductor production in the country. To boost infrastructure development, he said, India has launched a trillion-dollar national master plan. The government itself spends about USD
The Japan International Cooperation Agency (JICA) has signed a loan agreement for up to USD 75 million with ECOM Agroindustrial Corp Ltd and its group company ECOM Agroindustrial Asia Pte Ltd to support coffee supply chains across Asia, JICA said on Wednesday. The loan, co-financed by the Asian Development Bank (ADB), marks JICA's first exclusive working capital loan and aims to strengthen cooperation with global agricultural trading companies to support Asia's agricultural and food supply chains. The financing will support stable procurement of coffee from over 60,000 smallholder farmers in India, Indonesia, Papua New Guinea and Vietnam, JICA said in a statement. The project includes purchase funds and consulting services such as coffee certification support, climate change adaptation pilot projects and farming support for female farmers. India's coffee industry accounted for 3 per cent of global production in 2022, ranking eighth worldwide, and provides direct employment to over
E-commerce major Flipkart on Monday said it has created over 2.2 lakh seasonal job opportunities across supply chain, logistics, and last-mile delivery roles, ahead of the festive season. Additionally, Flipkart's logistics network will see 650 new festive-only delivery hubs in Tier 2 and 3 cities, according to a company statement. "In the lead-up to the festive season, Flipkart is scaling employment opportunities, infrastructure, and tech deployments across 28 states. With the creation of over 2.2 lakh+ job opportunities, expanded last-mile reach, and inclusive hiring across Tier 2 and 3 cities, Flipkart's ecosystem-first approach this festive season is built for scale," it said. This includes a 10 per cent rise in female hiring, and an additional focus on creating more festive job opportunities for PwD (persons with disabilities) individuals, Flipkart said. Earlier this month, Amazon India said it has created over 1.5 lakh seasonal work opportunities in its operations network of .