Category Archives: Supplier

Conflict between the US and Iran will impact India’s exports to Gulf nation: FIEO President

Tensions between Iran and the US increased after an American drone strike that killed top Iranian General last week. Iran is a key trading partner of India. “Escalation of tension between the US and Iran will have implications on India’s exports to the Persian Gulf nation, said, Sharad Kumar Saraf, President, FIEO. He said that due to existing trade sanctions on Iran, Iranian shipping lines are only taking Indian consignments to that country. Iran’s major exports to India are oil, fertilisers and chemicals, while it imports cereals, tea, coffee, basmati rice, spices and organic chemicals, among others. FIEO Chief is also of the view that Iran holds huge export opportunities in sectors such as agriculture, chemicals, machinery, pharmaceuticals, paper and paper products, man-made fibre and filament yarn and essential oils.

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Flipkart invests $60 million funding to Shadwowfax

Flipkart has led a US$ 60 million investment in Shadowfax to strengthen its logistics network in the nation. “We have seen strong synergies with Shadowfax through our existing engagement with them, and their investments in tech-enabled innovations will help us significantly reduce delivery time and provide superior customer experiences across product categories. By leveraging kirana stores and the deep delivery capabilities of Shadowfax and other Flipkart-led innovations, we are building a strong foundation to make inroads into a dynamic hyperlocal consumer market,” said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart. The Series D funding round also saw the participation of Eight Roads Ventures, NGP Capital, Qualcomm Ventures, Mirae Asset Naver Fund, and the World Bank-backed International Finance Corp.

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LEAP India expects demand for pallets on lease to go up from 3 to 4 million in 2020-21

Increasing demand for warehousing from both domestic and international players is driving demand for efficient and international practices of storing and moving goods. LEAP India expects the demand for pallets on lease to go up to four million during the year 2020-21 from three million deployed currently. The company is expanding its client base to 550 spread across FMCG, beverages, auto, food, e-Commerce and large logistic players. Sunu Mathew, Managing Director, LEAP India comments, “We see enough opportunity in both pallets and Foldable Large Containers (FLCs). We are all geared up to tap this huge opportunity as we are well positioned to expand our pallets base. The company has good number of veterans from logistics and other sectors managing various functions professionally.”

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Foundation stone for new liquid cargo jetty laid at Jawaharlal Nehru Port Trust

Mansukh Mandaviya, Union Minister of State for Shipping, Government of India laid the foundation stone for development of an additional Liquid Cargo Jetty at Jawaharlal Nehru Port Trust (JNPT) in Mumbai. Built at a cost of over Rs 300 crore, the project will cater to the increased demand for handling liquid cargo like edible oil, LPG, molasses and other chemicals. Mandaviya said, “The Prime Minister Narendra Modi has laid focus on port-led development. Keeping this in view, India’s ports are being developed and modernized in line with global best practices. The new terminal will increase JNPT’s present capacity of 6.5 Million Tonnes Per Annum to an additional 4.5 million tonnes per annum.”

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Maersk launches OceanPro to support supply chain start-ups

OceanPro , an intensive 120-day accelerator programme, is offering start-ups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers. Pioneered in India, OceanPro complements Maersk’s innovation efforts worldwide. Seven external start-ups and one internal start-up have been identified for collaboration to create solutions that serve customers and manage operations better, leveraging Blockchain, Internet of Things, Advance Text Analytics and Artificial Intelligence. “We recognise the immense potential of India’s technology and digital talent and are looking to capitalise on these capabilities to help the logistics industry worldwide, to reinvent itself,” says Søren Skou, CEO, A.P. Moller – Maersk.

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Ramesh Agarwal won the DDP Trailblazer

Ramesh Agarwal, Founder, Mentor, Director and Managing Worker, Agarwal Packers & Movers, joins the esteemed ‘DDP Trailblazer’ award. Agarwal’s journey is one of modern India’s great success stories. He has played a pioneering role not only in shaping Agarwal Movers Group to a point where it is today but also spearheaded national cause in key area of economic development- transport and logistics. Recently, Agarwal Movers Group was awarded for Operational Excellence & Environment Conservation by the CEAT IRTA-2011.

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Cyrus Nariman Katgara awarded the Gallery of Legends

Cyrus Nariman Katgara, Partner, Jeena & Co was honoured with the ‘Gallery of Legends’ award. Katgara heads the more than 100-year old family business of Global Logistics – International Freight Forwarding both in India and abroad. With his rich experience, he has held several positions in many associations. He had been appointed Ambassador to the Port of Halifax; he has arranged top level ministerial delegation and was a liaison between Canadian Embassy and business associations such as CII, FIEO, etc.

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3rd India Cargo Awards (North & East) in Delhi

The third edition of the India Cargo Awards – North & East celebrated the accomplishments of the cargo industry of North & East India at The Lalit, New Delhi on December 20, 2017. Salman Khurshid, former Cabinet Minister for External Affairs, former Cabinet Minister for Law and Justice and Minority Affairs, Government of India, was the Chief Guest for the distinguished evening. The ceremony saw the august presence of the leaders and runners of the cargo industry. The 39 winners were chosen after a fair and unbiased selection process which includes an online voting platform.

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Samir H. Mankad awarded the DDP Trailblazer

Samir H. Mankad, CEO & Executive Director, GSEC, was awarded the esteemed DDP Trailblazer. He has been serving the company right from the time of its privatisation in 2004. GSEC is the custodian of cargo in Ahmedabad. Under his leadership, GSEC operates airports at Indore and Visakhapatnam as an O&M operator, while also looking after the domestic cargo terminals at Indore and Raipur. Mankad is a Mechanical Engineer and holds an MBA and has more than 37 years of experience in project management, MIS, systems and logistics. He has served in leading organisations like Bajaj Group, Alembic, Torrent and Adani Group. Mankad also devotes his time in teaching the management subjects in  institutions such as AMA, Nirma University, and more.

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3rd India Cargo Awards (West & South) in Ahmedabad

The third edition of the India Cargo Awards – West & South celebrated the accomplishments of the extraordinaire leaders of cargo industry from the West & South regions of India at Crowne Plaza Ahmedabad City Centre on October 14, 2017.  Gautambhai Navalchand Shah, Mayor, Amdavad Municipal Corporation, was the Chief Guest for the glorious evening. The ceremony saw the august presence of Dr. Marisha Kaul, Gladrags Mrs India North 2017, along with the leaders of the cargo industry. India Cargo Awards honoured the real runners of the industry. The 32 winners were chosen after a fair and unbiased selection process which includes an online voting platform.

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