Search Result for : Supply Chain

The Dollar Business Bureau International container terminal operating company, APM Terminals launches South India’s first cold storage facility integrated with a container freight station, for reliable transport of temperature controlled cargo such food products and medicines. “APM Terminals inaugurated its first state-of-the-art cold storage warehouse in India, which will ensure reliable and stable transport of cargo, including goods such as fish, fruits, medicines, and specialty chemicals, which require strict temperature control throughout the supply chain,” the company said in a statement. Located in Ponneri city, near Chennai, the facilities were inaugurated by M Ajit Kumar, Chief Commissioner of Customs, Chennai Zone, in the presence of Dries van Dongen, Global Head - Inland Services, APM Terminals.   Commenting on the development, Dongen said, “We are committed to ...

The Dollar Business Bureau The Government of India is re-designing the Merchandise Exports from India Scheme (MEIS) in order to make it compliant with the upcoming new tax regime goods and services tax (GST), said a senior official on Wednesday. “The MEIS is being re-designed to make exports from India GST-compliant,” said Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC), while addressing the Executive Committee Meeting of FICCI in New Delhi. Under the GST, the issue related to working capital requirements is being discussed upon by the Government, he added. The Ministry of Commerce provides duty benefits on various products under the MEIS. It offers duty benefits at 2%, 3% and 5% based on the product and ...

The Dollar Business Bureau Transport Corporation of India (TCI), India’s leading multimodal integrated logistics and supply chain solutions provider, won the prestigious “Overall Excellence in Logistics and Supply Chain” award at the3rd edition of Supply Chain and Logistics Excellence (SCALE) Awards organised by CII on December 16, at New Delhi. The award was given to TCI for managing the size of its fleet, size and reach of network and use of technology for management, track and trace with customer service at the core. While accepting the award, Rajkiran Kanagala, Group Head-Business Development, TCI Group said, “TCI Group has 9000 trucks on the road on any given day, including 1400 of its own. Together, we move 2.5% of India’s GDP by value. It is ...

Sairaj Iyer It might be relatively easy to commit to a next day delivery, but it takes a committed supply-chain and logistics system to complete even a two-business day delivery. Stories of customers getting anything from soap, to brick and stones when placing an order for a smartphone, are no longer humorous. A wrongly spelled or late or mis-delivered product is not going to win customers, in fact it will break trust, and severely impact loyalty too. Such episodes only go to prove that Last Mile Fulfillment is a sore point in ecommerce’s rising stature. A series of panel discussions held at the recently concluded Last Mile Fulfillment summit at Mumbai drove around these pertinent notes. The two day conference organized ...

The Electronic Industries Association of India (ELCINA) entered into an agreement with TaiwansInstitute for Information Industry on Monday The Dollar Business Bureau Electronic Industries Association of India (ELCINA) and Taiwans Institute for Information Industry (III) officials at the signing of MoU to promote the use of Information and Communication Technologiesp>   In a move to boost countrys capability in electronics manufacturing, the Electronic Industries Association of India (ELCINA) has entered into an agreement with TaiwansInstitute for Information Industry (III) to promote the use of Information and Communication Technologies (ICT) for mutual benefits. On Monday, an agreement was signed between Vikram Desai, President, ELCINA and Jin-Fu Chang, Chairman, III, in the presence of Amitabh Kant, Secretary, Department of Industrial Policy and Promotion among others. ELCINA and ...

Sai Nikesh | The Dollar Business In second week of December, the government had reduced MEP on onion from $700 per tonne to $400 per tonne  In view of sharp decline in onion prices and its adequate supply in domestic market, the government has removed Minimum Export Price (MEP) cap of $400 per tonne to encourage overseas shipments. Experts are of the view that the move is unlikely to affect onion prices in domestic markets as its demand in export market might remain low. “Keeping in view of sharp decline in wholesale prices of onion in producing mandies of Maharashtra and major consuming mandies and huge arrivals of onion, the government decided to reduce the MEP to 'zero' from $400 per ...

The Dollar Business Bureau India and Bangladesh are considering the development of a regional supply chain to boost their exports and set up a joint manufacturing hub of South Asian countries to counter China’s Pearl Valley Delta. India has plans to set up a special economic zone in Bangladesh and both the countries are likely to take a formal decision next month when Prime Minister Narendra Modi is expected to visit Dhaka, a media report said quoting senior government officials. “I have already spoken to the export processing zone regulators in Bangladesh, and we are looking forward to the idea of the Indian SEZ,” Bangladesh Foreign Minister Shahriar Alam was quoted as having said in New Delhi. Although the ...

 The Dollar Business Bureau In an effort to boost investment in the food processing sector, the government has introduced some changes in its guidelines of the Mega Food Park scheme. The changes in guidelines, approved by the cabinet committee on economic affairs (CCEA), will streamline the setting up of modern food processing plants across the state. These modifications are expected to trigger further investment in the food processing sector and ensure smooth implementation of the Mega Food Parks scheme particularly, the projects that are at initial stages, a government statement said on Thursday. In March, the Centre had allocated the development of 17 Mega Food Parks across the country to at least 10 private companies and state governments. In 2008-09, ...