56 new airports will become functional in few years: Prabhu
The Dollar Business Bureau Citing the importance of efficient logistics for facilitating trade, Minister of Commerce and Industry and Civil Aviation Suresh Prabhu on Thursday said that 56 new airports in India would be functional in the coming few years. “Efficient logistics is critical for countries like India to harness trade and facilitate greater and faster integration with both the domestic as well as the world economy,” the Minister said while speaking at the two-day Global Logistics Summit, jointly organised by Ministry of Commerce, FICCI and World Bank Group. Keeping this in mind, 56 new airports will become functional in the next few years which will enhance connectivity in the country,” he added. While urging all the stakeholders to churn new ideas for enhancing India’s logistics efficiency, Prabhu said, “There ...
New integrated transport policy to develop multi-modal logistics parks
The Dollar Business Bureau The government's magnified focus on improving transportation and logistics infrastructure in the country is evident from the increased budgetary allocation to the sector. In Budget 2017, the Finance Minister announced a kitty of Rs. 2.41 lakh crore for transportation related projects. Another fund of Rs. 64,900 crore was earmarked for construction of highways this fiscal, 12% up from last year's allocation. The Metro Rail Act, meant to achieve dual objectives of boosting private participation and providing better urban connectivity was also a much-welcomed step. The talk about state-of-the-art multi-modal logistics parks is also seen taking shape as the Narendra Modi-led government shares details of another grand scheme in-the-making, intended to enhance connectivity via various modes of ...
Demonetisation Affects Hyderabad Transport and Air Cargo Sector
Sreenivasa Rao Dasari Demonetisation is not sparing any section of the society. With liquid currency, fast disappearing from the market, thousands of trucks in Telangana have been pushed off the roads throwing businesses out of gear. The air cargo segment too is feeling the heat of cash crunch which is severely affecting the foreign trade of Telangana and various businesses in the city of Hyderabad. The shortage of currency came as a bolt from the blue for the logistics industry as 50% of the trucks have suddenly become immobile. It is estimated that 10,000 trucks are operational under Hyderabad Goods Transport Association (HGTA), which makes it a business loss of over 70% to 1,000 transport companies. The logistics business is out of gear, ...
Our technology will differentiate us from other logistics providers: Shipwaves
Deepak Kumar Shipwaves is an end-to-end online logistics platform catering to the needs of importers and exporters from India. Headed by Capt. Vikram Mathur, CEO a seasoned veteran in the shipping industry who has over 27 years of rich experience in logistics, supply chain and business strategy in various corporates along with two young dynamic co-founders Athahar Mohammed and Shahid Israr, Shipwaves has firmly anchored itself in the logistics business in India. The Dollar Business correspondent met Athahar Mohammed to know more about the company and the state of logistics industry in India. The Dollar Business Bureau (TDB): How did the idea of starting a logistics supply chain company come to your mind? Athahar Mohammed (AM): One of the co-founders had a personal experience in ...
Jharsuguda, Odisha notified as ICD for imported goods and loading of export goods
The Dollar Business Bureau Under the aegis of Container Corporation of India Ltd (CONCOR), a multi-modal logistic park was set up at Jharsuguda which has been operational since June. The CBEC has decided to include Jharsuguda as an Inland Container Depot (ICD) in its latest notification No.139/2016-Customs (N.T.) dated 25th November, 2016. Jharsuguda is the second ICD in Odisha after Balasore. CONCOR Jharsuguda was operational as a Domestic Container Terminal for the first 3-4 months and later converted as an ICD. This terminal will provide dedicated service to the industry along with customs clearance and cargo consolidation facilities. In recent times Jharsuguda district has witnessed large scale industrialisation due to the ambitious plans of Chief Minister Naveen Patnaik. One such proposal was the setting up ...
