Category Archives: Technology

Believing the Budget 2019-20 as an ongoing task reiterating the commitments that the NDA Government has set in its vision document, S Ramakrishna, Chairman, FFFAI, says, “It is commendable the new Finance Minister presented a pragmatic Budget aiming to reach the US$ 5 trillion economy in the next few years, with required emphasis and focus on infrastructure, multimodal connectivity and logistics operation. Significantly, the government has decided to create and promote inland waterways and allied infrastructure to reduce logistics cost and boost greener environment.” It is heartening to note that after recently launched multimodal terminal at Varanasi, more similar terminals will be completed at Sahibganj and Haldia and a navigational lock will be created at Farakka by 2019-20 FY. We will be expecting more such terminals in North East India as well, like strengthening the existing terminal in Pandu (Guwahati) and new one in Jogighopa which is very strategic region from foreign trade’s perspective utilizing effective multimodal connectivity with special thrush on waterways. It would be very crucial to expedite international cargo movement to Bangladesh and beyond. Also, it is commendable the Finance Minister emphasized on resolving all litigations on fast track basis to facilitate trade and commerce. Commenting on the focus given by government to MSMEs, Ramakrishna, says, “Since predominantly we are from MSME sector, this funding would be a great boost for us.”

“India is set to become a $3 trillion economy this year and it is well within its capacity to reach the $5 trillion economy by 2024,” says Nirmala Sitharaman, Finance Minister, Government of India, while presenting the annual Budget. The Budget says that the government will examine steps to hike FDI cap in aviation. Government envisions using river for cargo transportation which will also decongest roads and railways. “The movement of cargo on Ganga is estimated to rise four times in four years,” informs Sitharaman. GST processes will also get simplified further. The government has given massive push for physical infrastructure too. 125,000 km of road to be upgraded over next five years at a cost of Rs 802.5 billion. To ensure the creation of National Highways Grid of desirable capacity, comprehensive restructuring of National Highways Programme will be done. Railway infrastructure would need an investment of Rs 50 lakh crore between 2018 and 2030; PPP to be used to unleash faster development and delivery of passenger freight services, says Finance Minister. “Will simplify procedures, reduce red tape, make best use of tech,” says Sitharaman, in adding, “Building social infrastructure, digital India, Pollution-free India and Make in India are government vision.”

SA Consultants & Forwarders has launched Logycode, an e-commerce start-up to make the cost-effective match between exporters and importers on the one hand and air freight carriers on the other. The idea behind the initiative is to create an e-marketplace where customers can shop and ship easily and grow their business efficiently. The platform plans to change the traditional way the customer reaches out for his logistics needs. One of the key objectives is to create a platform that provides the airfreight purchasing industry with real-time instant rates for its buyers. Ashish Asaf, MD & CEO, SA Consultants & Forwarders, says, “The idea is to encourage our industry by simplifying businesses. The present situation is that people are investing a lot of time and money. Our goal is to digitise the industry and simplify processes. This is our value-add to our customers who are doing business with us. Through this platform, we are giving the tools in our customers hand so that they can work faster.”

By delivering it’s first-ever shipment of butter from Bulandshahr, Uttar Pradesh (part of the Delhi National Capital Region) to Turkey, Maersk has opened a niche cargo category encouraging the shipping of an array of commodities within the reefer segment. Butter exporter VRS Foods exported an initial six containers of their brand, Paras Dairy Butter, through Maersk’s First Mile Delivery reefer service which helps businesses with intermodal, customs clearance, and documentation needs to enable seamless trade. This. Commenting on this end to end delivery story, Steve Felder, Managing Director, Maersk South Asia, states, “We believe that India’s trade growth lies in our hinterlands. Most of the small and medium enterprises and traders who engage in trade with this segment often face connectivity and infrastructural challenges limiting their scope for growth. Limited cold-chain infrastructure is one of the prominent factors that lead to the loss of produce. Through our endeavour with Paras Dairy and VRS Foods, our assurance was to provide them with an efficient logistics partner, and in doing so, we can now look to win the confidence of other exporters, given that we can successfully handle end-to-end logistics of refrigerated cargo for all proof of delivery.”

Hilti has tied up with FarEye to gain real-time visibility of goods movement, predictability with actionable insights, and build a digital integrated ecosystem with third-party vendors. Working with various 3PL partners across the country, a major pain area for Hilti was to manage these partners, map them against each other, track individual shipments, and keep the customers informed on the status along with actionable insights. Additionally, manual processes and lack of proper communication between transporters and logistics managers resulted in manpower wastage and high wait time at warehouses for loading and unloading of products.

E-booking platform Freightos WebCargo has acquired India’s Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai. “This acquisition combines WebCargo’s advanced air cargo rates, sales and e-booking platform, used by over 1,400 leading forwarders, with Air Freight Bazaar’s market share of 300 leading regional air forwarders,” said a Freightos WebCargo spokesperson. Air Freight Bazaar customers will receive access to WebCargo’s existing platform, including access to on-demand air rates, dynamic pricing, and e-booking with airlines like Lufthansa Cargo. Vinay Sethia, Co-founder, Air Freight Bazaar, said, “With WebCargo by Freightos, we can offer our customers improved technology, direct access to over 300 airlines, and e-booking. We’re also excited to represent WebCargo and Freightos in India.” Zvi Schreiber, Chief Executive Officer, Freightos, said, “Air Freight Bazaar has been a regional leader in freight digitalisation, making them a natural fit. Our initial focus in India will be on further automation for local air freight forwarders and collaborating on dynamic pricing and e-boking with regional airlines.”

The Indian government has introduced a new transhipment procedure using an electronic cargo tracking system to facilitate the transport of Nepal-bound transit cargo from Kolkata, a significant move that will simplify border formalities, reduce transit time, ensure safety of the consignment, and boost bilateral trade. The first train carrying Nepal-bound transit containers under the new simplified transhipment procedure was flagged off on February 15 by Kolkata Port Trust. According to a press statement issued by the Indian Embassy in Kathmandu, the Central Board of Indirect Taxes and Customs of the Government of India launched such a modality on pilot basis on rail route from Kolkata/Haldia to Birgunj via Raxual Land Customs Station and Biratnagar via Bathnaha Railway Station and Jogbani Land Customs Station.

To make the airline’s cargo services available to a wider global freight market and provide customers with industry-leading visibility across the shipment lifecycle, Unisys Corporation has announced that MAB Kargo Sdn Bhd (MASkargo), the cargo division of Malaysia Airlines, will further enhance the digital transformation of its business using two secure, cloud-based Unisys Digistics digital logistics solutions. Under a five-year engagement, MASkargo will join the Unisys Digi-Portal e-commerce platform to promote its inventory to a wider global community of more than 25,000 buyers – forwarders, airlines, general sales agents, and handlers across 140+ countries.

To check Goods & Services Tax (GST) evasion, the government is planning to integrate the GST e-way bill system with the National Highways Authority of India’s (NHAI’s) FASTag mechanism, from April. The revenue department has set up an officers’ committee to integrate the e-way bill, FASTag, and DMIC’s Logistics Data Bank (LDB) services, after consultation with transporters. “It has come to our notice that some transporters are doing multiple trips by generating a single e-way bill. Integration of the e-way bill with FASTag would help find the location of the vehicle and when and how many times it has crossed NHAI’s toll plazas,” an official told PTI, adding that the integrated system on an all-India basis was planned to be rolled out from April.

JNPT (Jawaharlal Nehru Port Trust) has organised a five-day seminar on ‘Engineering & Procurement’ as part of its industry skill development initiative. Commenting on the programme, Neeraj Bansal, IRS, Chairman-in-Charge, JNPT, said, “We started the JNPT APEC Training Centre with an aim to provide timely skill and knowledge upgrade to port professionals so they would be abreast with the latest trends in the industry. This will thus enhance the overall efficiency and quality of the port services across India and Asia.” The seminar will focus on all engineering aspects related to the port and an in-depth understanding into workings of procurement and their importance in port strategy.