P.M. Relocations acquires a new warehouse facility in Mumbai, Maharashtra. With this newly acquired warehouse at Shree Rajlaxmi Logistics Park, the company now boasts of a total 25,000 square feet of warehousing space in Mumbai. This expansion marks a significant milestone in the company’s continued growth and commitment to providing unparalleled moving solutions to its clients worldwide. With this strategic move, PM Relocations aims to address the increasing demand for storage and relocations within the bustling city of Mumbai, catering to both short-term and long-term storage requirements, as well as commercial goods and fine art movements. “We are excited to take up a new warehouse facility in Mumbai,” said Aakanksha Bhargava, CEO at PM Relocations Pvt Ltd. “This expansion allows us to enhance our operational efficiency, improve customer satisfaction, and meet the growing needs of our clients. We are dedicated to providing stress-free moving experiences, and this new warehouse further strengthens our ability to deliver on that promise.” The new warehouse offers a host of benefits to PM Relocations and its clients. With increased storage capacity, the company can streamline its operations, reducing transportation costs and enhancing flexibility. Additionally, the state-of-the-art facility includes temperature-controlled zones to cater to specialized storage requirements. To ensure the utmost security and monitor activities within the warehouse, 24/7 CCTV surveillance has been implemented.

Cooling solutions company, Tan90 is all set to enter Tier-2 cities in India with the launch of a unique cold chain model, ‘Cooling as a Service’ (CaaS), where it offers cooling solutions on lease to businesses that do not own blast freezers required to freeze the panels, i.e., thermal batteries. The company has plans to cash in on the growing demand for cold chain solutions. It also has plans to expand overseas, particularly in Southeast Asia and has raised a Rs. 11.32 crore pre-Series A investment round co-led by Blue Ashva Capital and Capital A, with participation from 3i Partners and a clutch of angel investors based out of Singapore, the Middle East, and India. The main purpose of this round is to expand overseas with a particular focus on Southeast Asia.

Air India SATS Airport Services (AISATS) and Yamuna International Airport (YIAPL), have signed a concession agreement to build a state-of-the-art multi-modal cargo hub (MMCH) at Noida International Airport. Sanjay Gupta, CEO of AISATS, and Christoph Schnellmann, CEO of YIAPL, signed the agreement at a ceremony held on May 30, 2023, at Noida. The MMCH, spanning across 87 acres, will be a pioneering facility in India that comprises an Integrated Cargo Terminal (ICT) and an Integrated Warehousing & Logistics Zone (IWLZ). The strategic location of this first-of-its-kind cargo hub will seamlessly connect multiple modes of transportation with consolidated ancillary and value-added services, establishing a highly efficient route for cargo throughput across India and abroad. AISATS has been entrusted with the responsibility of designing, building, financing and operating the MMCH, further emphasizing its significance in transforming the logistics and cargo industry. Through this facility, AISATS aims to provide India’s logistics sector with a world-beating cargo processing and transportation grid that will help reduce logistics costs significantly, streamline processes for seamless coordination, and bring speed and transparency to the country’s supply chain. Nipun Aggarwal, Chairman of AISATS, said, “Air India sees tremendous growth opportunities in Uttar Pradesh and is keen to provide seamless cargo connectivity within the state to power this growth. The AISATS MMCH at Noida will play an integral part in providing just-in-time cargo facilities for the North India region and will support in levelling up the Indian logistics and air cargo sectors with state-of-the-art infrastructure, value-added services and improved cost efficiency. We have no doubt it will have a knock-on effect and help increase India’s trade, provide employment opportunities and ease the movement of goods across the country.” Sanjay Gupta, …

Global aviation services group, Air Partner, has joined forces with Worldwide GSA, a sister company of the Air Logistics Group, to enhance and expand its cargo offering in the Asia-Pacific (APAC) region, said release. The partnership will allow Air Partner to extend its cargo footprint in key APAC countries including Singapore, Hong Kong, China, Malaysia, Philippines, South Korea, Japan, New Zealand, Australia and Thailand. By collaborating with Worldwide GSA, Air Partner aims to leverage the regional expertise and established network of the Air Logistics Group, enabling seamless coordination and operational support for cargo charters throughout the APAC region. Worldwide GSA will act as Air Partner’s first representatives in the region, facilitating increased access to Air Partner’s comprehensive range of solutions. As the charter-desk for the Worldwide GSA group in APAC, Air Partner will leverage its expertise and industry-leading capabilities to deliver efficient and tailored cargo charter services to customers across various industries. The partnership aligns with Air Partner’s strategy to continue to grow its presence in the region, having recently expanded its office in Dubai as part of its plans to double its workforce in the Middle East. Commenting on the partnership, Pierre Van Der Stichele, Vice President of Air Partner’s Global Cargo division at Air Partner, said: “Our collaboration with Worldwide GSA will enable us to strengthen our presence in key markets and provide our customers with enhanced access to our solutions. With the support of Worldwide GSA, we are confident in delivering seamless logistics solutions to meet the growing demand for air cargo services in the region.” Maggie Goh, CEO of Worldwide GSA group, said: “At Worldwide GSA, we are committed to delivering exceptional air cargo solutions to …

Bastian Solutions is all set to open its new manufacturing facility just outside Bangalore, Karnataka. The site, expected to be fully operational by October 2023, marks Bastian’s first manufacturing facility in India. The new manufacturing facility is nearly two acres and the site’s initial hiring efforts will focus on mechanical and electrical engineers to support manufacturing, further expanding their workforce in the country. The site will be located just outside Bangalore in the Indospace area, providing optimal location for distribution throughout the country. As a global integrator, Bastian Solutions is a well-known provider for distribution and manufacturing customers in North & South America, Middle East and Southeast Asia regions. Bastian is launching several conveyor offerings: the Roller Zero Pressure DC Conveyor (RZPDC) ideal for heavier container loads and the Belted Zero Pressure DC Conveyor (BZPDC) suited for conveying smaller loads. These models will be available along with other gravity and curve roller conveyors with plans to launch more equipment in subsequent years.

The Sharjah Chamber of Commerce and Industry (SCCI) has strengthening economic ties with Republic of India to investment opportunities between the two trade nations. The trade’s first leg commenced with UAE-India Business Forum held in Mumbai which highlighted investment advantages of Sharjah and Mumbai while highlighting the vast array of promising opportunities available across various economic sectors. The UAE-India Business Forum, organised by the SCCI, brought together key business leaders, government officials, and industry experts from both Sharjah and Mumbai. Sharjah and Mumbai, recognised as leading industrial and commercial centers in their respective regions, were praised for their significant contributions to the economic growth of the UAE and India. Led by Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), the mission, organised by the Sharjah Export Development Centre, aimed to build on the successes being achieved by the UAE-India Comprehensive Economic Partnership Agreement, which came into force in May 2022. The agreement represents a new era of economic cooperation, based on mutual interests between the two friendly nations. The forum featured bilateral meetings between SCCI businessmen and their counterparts in Mumbai. The discussions revolved around investment opportunities and advantages available in both countries to foster partnerships that serve the private sector, increase trade exchange, and establish projects in various sectors.

RattanIndia Enterprises Ltd (REL) announced the launch of a new cargo drone, L-40, by its company TAS (Throttle Aerospace Systems) to double its cargo capacity to 40kg. “This quantum leap in the carrying capacity of our drones demonstrates the commitment of our company to the delivery drone’s category, which is likely to reach Rs 2,50,000 crore by 2031, as per the market estimates. We expect the delivery drone market to be on an upward trajectory, and we are not only going to seize this opportunity but also set new benchmarks in this segment,” Anjali Rattan, Business Chairperson of RattanIndia Enterprises Limited, said. Within the last quarter, the company launched the L-20 and L-15 and doubled its carrying capacity from 20kg to a staggering 40kg. In February, the L-Series platform was launched with four variants covering high and medium altitudes. Defence, e-commerce, healthcare, paramilitary, and the police are the prime customers of the L-series. These drones are very easy to deploy, can be made ready in a short period of time, come with many ‘fail safe’ features and can be operated by a two-member team.

Cargo iQ has partnered with the International Federation of Freight Forwarders Associations (FIATA) and the Airport Services Association (ASA) to set goals for enhanced standard practices across the air cargo supply chain. The objective of the alliance is to strengthen collaboration between forwarder, ground handler, and airline communities, working on a global basis to achieve common standards and enhanced quality. The decision was made at Cargo iQ’s most recent board meeting that FIATA’s Director General, Stéphane Graber, and ASA’s Director General, Fabio Gamba, will attend all Cargo iQ board meetings as observers and work together with the board members, with a view to intensifying the co-operation in the future. “Cargo iQ – an interest group strongly supported by IATA – shares lots of similar goals with FIATA and ASA as all three of us strive to improve standards, data use, and processes in line with shippers’ requirements for a solid and objective quality certification program, so why not work together instead of reinventing the wheel,” said Lothar Moehle, Executive Director, Cargo iQ. “We look forward to continuing the dialogue about how we can help further each other’s ambitions and progress – this is the start of a strong co-operation for the future.”

Block your dates for the fifth edition of SCM Logistics World, to be held on June 7 2023 at Radisson Blu, Mumbai. Centered around ‘Embracing agility to future proof supply chain ecosystems,’ the show will focus on supply chain and logistics sector integrating technologies such as Internet of Things (IoT), cloud computing, artificial intelligence (AI) and machine learning to upscale manufacturing and distribution operations. The show will deliver the must-have insights, strategies and frameworks of chief supply chain officers and their leadership to bring continued agility, resilience and adaptability to their organizations. The forum will gather relevant stakeholders from across sectors to explore latest trends and new age strategies to ensure optimal utilization of the entire function. With over 150 Supply Chain Management leaders attendees in person, the summit provides a great opportunity to learn and network with influential CSCOs, Supply Chain Directors, and industry experts in the supply chain and logistics domain.

Cyrus Katgara, Partner, Jeena & Company notes, “Logistics cost for goods carried by air is already at eight per cent of Cost, Insurance and Freight (CIF) value. It reaches 14 per cent only when all modes of transportation such as road, rail, sea and air are combined together. This also includes inventory holding cost. World bank formula is linked to GDP.” Logistics costs is one of the challenges which the industry is facing at present. According to reports, it accounts for 14 per cent of GDP, with 60 per cent direct costs and 40 per cent indirect costs, compared to an average of 10 per cent indirect costs in developed countries. Also, The value of the Indian logistics sector was $250 billion in 2021. Growing at an impressive CAGR of 10-12 per cent, it may reach $350 billion by 2025.