Page 9 - Logistics Sector

Delhivery to acquire supply chain solutions firm Algorhythm Tech

Algorhythm offers end-to-end supply chain planning and execution products to clients

ADB approves $250 mn policy-based loan to strengthen logistics sector

The ADB on Friday said it has approved a USD 250 million policy-based loan to support India's wide-ranging reforms that aim to strengthen and modernise the country's logistics infrastructure, improve efficiency, and lower costs. The loan will finance the first sub-program of the strengthening multimodal and integrated logistics ecosystem program, which supports the government's efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city level, it said in a release. "This will rationalise India's high cost of logistics and reduce greenhouse gas emission," the Asian Development Bank (ADB) said. It further said the program will help to strengthen supply chains by simplifying external trade logistics and domestic cargo movements, modernising warehouses, improving business processes with integrated digital platforms, and stimulating private investments in the sector. The recently approved National Logistics Policy and the Prime Ministe

78% of frontline workers in Delhi NCR employed in e-commerce sector: Survey

During pandemic, consumer sentiment improved for SMEs that went online, leading to a spike in frontline jobs, revealed study by BetterPlace, a tech platform for blue-collar workforce management

Welspun One Logistics Parks Fund 1 commits Rs 500 crore warehousing AIF

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

Festival season propels demand for third-party logistics players

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

Best of BS Opinion: Enhancing yields, a leg-up for logistics, and more

Here is the best of Business Standard's opinion pieces for today

A leg-up for logistics

The multi-pronged National Logistics Policy is a well-timed initiative

Shiprocket becomes first inter-city logistics provider to join ONDC network

Company will enable sellers to select delivery partners to ship products across India

Global financial crisis not to hit India's logistics sector: TVS SCS

Firm's CEO K Sukumar indicates that the rise in domestic consumption and growth in end-user industries has insulated the sector from the meltdown

15 states among achievers in logistics performance index 2022: DPIIT report

Andhra Pradesh, Assam and Gujarat are among the 15 states and UTs categorised as achievers in the logistics index chart 2022, according to a report released by the commerce and Industry Ministry on Thursday. The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growth. Kerala, Madhya Pradesh, Rajasthan, Puducherry, Sikkim and Tripura are the other states categorised as fast movers in the ranking. The 15 states and UTs ranked in the aspirers category include Bihar, Chhattisgarh, Goa and Mizoram. The report ranks the states on the basis of their logistics ecosystem, highlights the key logistics-related challenges faced by the stakeholders and includes suggestive recommendations, according to the fourth LEADS (Logistics Ease Across Different States) 2022 report unveiled by the Commerce and Industry Minister Piyush Goyal. The index aims at enhancing the focus on improving logistics performance across states which is essential f

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

Fears of weaker rupee, higher inflation worsen

The Finance Ministry increased the validity of electronic duty credit scrips under various schemes to 24 months, giving more flexibility to exporters

Cabinet approves National Logistics Policy for 'tech-enabled' ecosystem

The policy has three targets-to reduce the cost of logistics in India to be comparable to global benchmarks by 2030

NLP will spur growth, increase India's participation in global trade: PM

Prime Minister Narendra Modi said on Wednesday the Union cabinet's decision on India's logistics policy will accelerate growth and increase the country's participation in global trade. The efforts in the logistics sector will particularly benefit the farmers of the country and the micro, small and medium enterprises (MSME) sector, Modi said in a tweet. "Today's Cabinet decision on a PLI scheme relating to the National programme on High Efficiency Solar PV Modules will enhance manufacturing in the sector and boost investment," the prime minister said in another tweet. The cabinet earlier approved the National Logistics Policy, which aims at reducing the transportation cost and improve the global performance of the sector. Modi last week unveiled the policy, which seeks to cut transportation costs by promoting a seamless movement of goods across the country. The cabinet also approved modifications in the scheme for semiconductors and the display manufacturing ecosystem with a unifor

Union Cabinet has approved National Logistics Policy: Anurag Thakur

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country

Harnessing Gati Shakti, National Logistics Policy for closer regional ties

With a little imagination and application, the initiatives have the potential to become the key pillars of our Neighbourhood First Policy

Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

Decoded: What is National Logistics Policy and how will it get implemented?

The policy will be implemented through a Comprehensive Logistics Action Plan (CLAP), which will include key action areas

PM launches National Logistics Policy; aim to bring cost to single-digit

Gatishakti, National Logistics Policy to take India towards a new work culture, says Modi

PM Modi unveils National Logistics Policy, aims to cut transport cost

Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 per cent to a single digit. At a grand launch event, he said the policy aims to expedite the last-mile delivery, helping businesses save time and money. While the new policy addresses challenges of the logistics sector, it together with the infrastructure augmentation plan PM GatiShakti will address gaps, he said. For Indian products to capture world markets, the country has to strengthen its support system. "National Logistics Policy helps in making the support system modern." Modi said global experts are saying India is emerging as a democratic superpower and they are impressed by the extraordinary talent ecosystem of the country. "Experts are appreciating India's determination and progress." The government, he said, is using technology to strengthen the logistics sector. Faceless .