Page 3 - Warehouse

Number of warehouse registrations on rise, outreach improving: WDRA

Warehousing Development and Regulatory Authority (WDRA) Chairman T K Manoj Kumar on Monday said there is an increase in the registration of warehouses and its outreach with banks and farmers has improved exponentially. The decision that the government procured stocks should be stored in WDRA-registered warehouses or those warehouses which have applied for WDRA registration has resulted in the increased registration, particularly from State Warehousing Corporations (SWCs), he added. Speaking at an event to commemorate the WDRA's Foundation Day, Kumar said: "There had been an increase in the number of warehouses registered with WDRA and its outreach with banks and farmers had improved exponentially." He said State Bank of India (SBI) has launched a special product for lending against e-NWRs (electronic negotiable warehousing receipts) at reduced interest rate and lower fees. Karnataka Bank too has informed that it is in the process of launching a new product on e-NWR pledge finance, a

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Fire breaks out at a warehouse at world's biggest produce market in Paris

A billowing column of dark smoke towered over Paris on Sunday, from a warehouse blaze at a massive produce market that supplies the French capital and surrounding region with much of its fresh food and bills itself as the largest of its kind in the world. Firefighters urged people to stay away from the area, in Paris' southern suburbs, while they tackled the blaze at the warehouse in the Rungis International Market. There were no immediate reports of injuries. The sprawling wholesale market is a veritable town unto itself, with more than 12,000 people working there and warehouses filled with fruit and vegetables, seafood, meats, dairy products and flowers from across France and around the world.

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

PM to launch national logistics policy on Sat for seamless flow of goods

The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan

Flomic Global Logistics aims to be a leading warehouse player in India

.

Warehousing development law: Centre proposes more penalties

In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form

SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year

Multiple new categories and business models have emerged in the last two years in the area of e-commerce

Amazon CEO Jassy says will improve workers' safety amid criticism

"Our injury rates are sometimes misunderstood. We have operations jobs that fit both the 'warehousing' and 'courier and delivery' categories," Jassy said late on Thursday

Amazon CEO Jassy says he wants to improve warehouse safety

We're also passionate about further improving safety in our fulfillment network, with a focus on reducing strains, sprains, falls, and repetitive stress injuries, he wrote

Amazon faces shareholder vote on treatment of warehouse workers

By Simon Jessop and Ross Kerber

IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr

The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses

Amazon to hold off warehouse phone ban 'until further notice'

The reversal follows the emergence of a more contagious strain of Covid-19 and after six workers died at a facility struck by a tornado last week

Jeff Bezos says 'heartbroken' over tornado deaths at Amazon warehouse

Amazon founder Jeff Bezos on Saturday expressed grief over the death of six people at an Amazon warehouse collapse in Edwardsville, Illinois, due to an ongoing wave of tornadoes in the US

Flipkart expands warehousing network in Gujarat to support local sellers

The new facilities are in Ahmedabad and Surat, and are collectively spread across an area of 500,000 sq ft, helping create over 5,000 direct and indirect local jobs in the state

New York sues Amazon over worker safety during Covid-19 pandemic

AG accuses e-com giant of failing to adequately protect staff at 2 warehouses

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

Embassy group looking to monetise warehousing biz at a value of Rs 2,000 cr

The group is in talks with few potential buyers to monetise completed and under-construction assets of the JV

Grofers announces 9-day sales scheme, Rs 50 cr support to local partners

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement