Page 16 - Logistics

National logistics policy soon to make MSMEs more competitive: Sitharaman

Explaining further, she said the proposed policy will clarify the role of the Centre, states and also key regulators

NCCD CEO Pawanexh Kohli to demit office a few days before term ends

Kohli, who joined NCCD in 2012 as its first CEO and chief advisor from outside the government, was allegedly unhappy over the functioning of the body in the last few years

Mavyn Logistics ties up with Grofers to provide end-to-end solutions

Mavyn does not own the trucks that it uses but works as an intermediary for facilitating logistics supply. It believes it is to logistics what Uber is to taxi hailing services

CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm

The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .

UK's CDC Group invests $36 mn in Warburg Pincus-backed Ecom Express

Ecom Express offers express delivery to the e-commerce industry; claims its network reaches 90% of India's population

Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW)

Commerce min seeks views of other departments on national logistics policy

he government wants to formulate the policy as the sector's growth is critical to boost exports and economic growth

Addressing challenges offer scope for growth in electronics sector: IT Secy

He added that challenges in sectors like agriculture, transportation, energy, logistics and industrial automation also present opportunities for developing solutions.

Maersk delivers first import shipment in Odisha from ICD to Shyam Metalics

With a plan to run a weekly export train providing doorstep pickup and delivery, the company has projections of handling in excess of 4,000 TEUs a year.

Logistics stocks rally in trade, Snowman Logistics hits 52-week high

Snowman Logistics, Allcargo Logistics, Aegis Logistics, VRL Logistics, Gateway Distriparks and Gati rallied up to 9 per cent on the BSE in intra-day trade today.

Commerce ministry working on logistics portal to prune massive costs

The logistics division of the ministry has been mandated to reduce the country's logistics cost, currently at a staggering 14% of the GDP

Future Supply Chain says will double warehousing capacity in next 2-3 years

Company posts revenue of Rs 2.77 billion for September quarter 2018, up 34 per cent from Rs 2.05 billion in the corresponding quarter last year.

West Bengal can become a logistics hub, attract Rs 50 bn investment: Mitra

The target is to bring down the logistics cost to 10 per cent for the industry from 14 per cent now, says Mitra

Logistics sector to see $500 bn annual investment by 2025: Prabhu

Prabhu said the ministry is developing a national logistics portal as a single window market place to link all stakeholders

Logistics shares gain; Mahindra, Snowman, Future Supply hit 52-week high

Mahindra Logistics, Tiger Logistics and Snowman Logistics were up in the range of 8% to 9% on BSE

National logistics index: Gujarat, Punjab, Andhra best performing states

The ranking is based on parameters such as the competitiveness of pricing, timeliness and availability of infrastructure and that of services, among others

Infra status for logistics sector: Benefits could vary across segments

Most industry executives say that with infrastructure status for the logistics industry, interest rates will be lowered while GST implementation will facilitate business in the long run

Logistics shares gain on infrastructure status; Gati, VRL hit 52-week highs

Gatway Distriparks, Gati, Sical Logistics, VRL Logistics, Transport Corporation of India, Lancer Container Lines, Allcargo Logistics and Mahindra Logistics were up in the range of 2% to 6% on the BSE.

Logistics gets infrastructure status, industry sees 50 bps savings

The government has granted infrastructure status to the logistics sector, including multi-modal logistics park and cold chains, enabling the industry to access funds at a cheaper rate. Experts said the cost of funding could come down up to 50 basis points; those going for external commercial borrowing could get it even cheaper. While existing entities would benefit, such as Allcargo Logistics, Snowman Logistics, Blue Dart, Container Corporation of India, DTDC, Navkar Corporation, DHL and Transport Corporation of India, this has also given a signal for others to invest in the sector, they said. Multi-modal logistics parks, comprising an inland container depot with minimum investment of Rs 50 crore and minimum area of 10 acres, cold chain facilities with minimum investment of Rs 15 crore and minimum area of 20,000 sq ft and warehousing facilities with a minimum investment of Rs 25 crore and minimum area of 100,000 sq ft have been granted the infrastructure status, it was officially ...

DHL Express expands Delhi Gateway, doubling India's export capacity

Capacity raised to handle 10 mn shipments per annum; Import clearance capacity up by 60%