Friday, November 27News That Matters

Logistics

IIMM National Convention at Bengaluru on Technology Challenges for Next Generation Supply Chain and Logistics

IIMM National Convention at Bengaluru on Technology Challenges for Next Generation Supply Chain and Logistics

Logistics
Bengaluru : Indian Institute of Materials Management (IIMM), Bengaluru Branch is going to conduct its National Convention 2017 (NATCOM) along with its annual signature programme SCALE (Supply Chain and Logistics Exposition).  This programme is scheduled to be held in the garden city at Hotel Vivanta by Taj, M.G. Road, on 16-17 November, 2017.  This event will provide a platform for sharing and exchange of knowledge, understanding of the current  development and advances happening across the globe in the arena of  supply chain management. Many of the industry experts and specialists have been invited to speak in the forum and share their view points on the theme of the convention. This is the era when Government of India is promoting Make in India concept and trying to infuse more capital
Web Based System for Online Processing of Application for ICD/CFS/AFS

Web Based System for Online Processing of Application for ICD/CFS/AFS

Logistics
The Government has simplified the process for companies to set up an Inland Container Depot/ Container Freight Station (CFS)/Air Freight Station (AFS). The improved procedure is aimed at ensuring a speedier and more transparent approval process. Towards this objective, companies can now make their application online and view its progress/update on-line, without a visit to any government office. Also this is a pioneer attempt as a major Inter-Ministerial IT application rather than a mere Intra-Ministerial IT initiative. The approval process for setting up an ICD/CFS/AFS involves many departments. This is facilitated through an Inter-Ministerial Committee (IMC) which consists of officials from Ministries of Commerce, Finance (Dept. of Revenue), Railways and Shipping. If required, the view...
Indian Logistics Industry to Experience Higher Investments

Indian Logistics Industry to Experience Higher Investments

Logistics
The Government of India’s strong emphasis on manufacturing and initiatives such as “Make in India” is boosting domestic production, which is bolstering the logistics industry. Logistics companies are making concerted efforts to keep pace with this growth in demand by digitizing their solutions and offering online freight services. These services will provide visibility across the supply chain and transform it into an organized industry. Some of the advanced technologies adopted include automated storage and retrieval systems (ASRS) in warehouse and transportation, radio frequency identification (RFID) in place of bar codes, and global positioning system (GPS) for real-time tracking. “In addition to riding the digital wave, logistics companies in India are strategizing for the transition
हर ट्रांसपोर्टर को जीएसटी लेना आवश्यक नहीं

हर ट्रांसपोर्टर को जीएसटी लेना आवश्यक नहीं

Logistics
जीएसटी (वस्तु एवं सेवा कर) के अनुपालन में ट्रांसपोर्टरों की बड़ी भूमिका है, क्योंकि माल को एक से दूसरे स्थान तक पहुंचाने की जिम्मेदारी उन्हीं की है। लिहाजा इन्हें यह जानना बेहद आवश्यक है कि नई कर-व्यवस्था से वह कैसे जुड़ सकते हैं। ये बातें झारखंड राज्य कर विभाग के संयुक्त आयुक्त (अपील) अजय कुमार सिन्हा, उपायुक्त सीएल शर्मा व सहायक आयुक्त संजय गुप्ता ने बुधवार की कार्यशाला में कहीं। वाणिज्य कर भवन में ट्रांसपोर्टरों से संवाद स्थापित करते हुए सिन्हा ने बताया कि हर ट्रांसपोर्टर को जीएसटी नंबर लेना आवश्यक नहीं है, यदि वह किसी एक कंपनी, को-आपरेटिव सोसाइटी, क्लब या किसी संस्था के लिए परिवहन सेवा उपलब्ध कराते हैं। यदि कोई ट्रांसपोर्टर इसके अलावा बाजार या व्यक्तिगत लोगों का सामान भी ढोता है और उसे सेवा के बदले साल में 20 लाख रुपये से अधिक की आय होती है तो जीएसटी नंबर लेना होगा। कार्यशाला की शुरुआ
Share of exports to top destinations rose to 51.6% in FY 2016-17′

Share of exports to top destinations rose to 51.6% in FY 2016-17′

Business & Corporate, Logistics
Share of India's total exports to top 10 destinations worldwide has increased to 51.6 per cent in 2016-17, compared to 49 per cent in 2013-14, industry body PHDCCI today said. India's main export destinations include the US, Japan, Hong Kong, UAE, China, Singapore, UK and Germany. The country's merchandise exports to the US grew from USD 39.14 billion in 2013-14 to USD 42.33 billion in 2016-17, PHDCCI President Gopal Jiwarajka said in a statement. Nearly 53 per cent of exports to America are in the form of consumer goods, followed by intermediates, capital goods and raw materials. Similarly, India's exports to Hong Kong grew 11.2 per cent to USD 14.2 billion in 2016-17. "Going ahead, we are hopeful that our exports will touch USD 325 billion mark in the current financial yea...
TNT Express Operations Disrupted

TNT Express Operations Disrupted

Logistics
FedEx Corporation announced that the worldwide operations of its TNT Express subsidiary have been significantly affected due to the infiltration of an information system virus. While TNT Express operations and communications systems have been disrupted, no data breach is known to have occurred. The operations of all other FedEx companies are unaffected and services are being provided under normal terms and conditions. Remediation steps and contingency plans are being implemented as quickly as possible. TNT Express domestic country and regional network services are largely operational, but slowed. We are also experiencing delays in TNT Express inter-continental services at this time. We are offering a full range of FedEx Express services as alternatives. Updates on service availabilit...
18% revenue increase recorded in RITES during FY 2016-17

18% revenue increase recorded in RITES during FY 2016-17

Logistics
RITES Ltd, under the Ministry of Railways has recorded 18 percent increase in its total income in FY 2016-17 compared to 2015-16. It has for the first time crossed the Rs. 1500 crores benchmark. Despite severe competition from domestic and foreign consultancy companies, RITES recorded PAT of around Rs.330 crores on a turnover of Rs.1508 crores, according to the provisional results submitted to its Board of Directors. The company has also issued 2 bonus issues during the year, increasing its paid-up capital from Rs. 100 crores to Rs. 200 crores. During the year, the company completed the supply of 120 coaches to Bangladesh Railways and has signed two new contracts with Sri Lanka Railways for the supply of Indian Railways produced locos (DLW, Varanasi) and DMU train sets (ICF, Chen...
India set to get its first “Freight Village” in Varanasi

India set to get its first “Freight Village” in Varanasi

Logistics
A ‘Freight Village’ is a specialised industrial estate which attracts companies that require logistics services and can cluster to improve their competitiveness. This will allow relocation of retailers, warehouse operators and logistics service providers supplying the regional FMCG market. Due to its proximity to the main city, it will serve as a distribution centre and as a point of transfer between long distance transport by truck, rail and waterway and short distance distribution with delivery vans. ‘Freight Village’ includes an inter-modal terminal, which facilitates integration between different modes of transport. The plan to set up country’s first ‘freight village’ announced, it will spread over around 100 acres in Varanasi, and it attracting attention of all major Freight pl
Sagarmala A Game Changer in Country’s growth

Sagarmala A Game Changer in Country’s growth

Business & Corporate, Logistics
The Ministry of Shipping organized a workshop on its flagship programme titled, “Accelerating Sagarmala Implementation – Engaging with States” in New Delhi today. The main objective of the workshop was to enhance the engagement among Ministry of Shipping, other line ministries and various maritime states of India for Sagarmala Programme. The workshop was presided over by Sh. Rajive Kumar, Secretary (Shipping) and the key note address was delivered by Sh. Amitabh Kant, CEO, NITI Aayog. Speaking on the occasion Sh. Kant said, that ports can act as the catalyst of growth and help in achieving 10% consistent growth rate for the country, hence making Sagarmala programme the game changer for the country’s development. Exemplifying, the success stories of China, Korea, Japan and Singapo
First Workshop on “Sagarmala Implementation – with States” Tomorrow

First Workshop on “Sagarmala Implementation – with States” Tomorrow

India, Logistics
First Workshop on “Accelerating Sagarmala Implementation – Engaging with States” to be conducted in New Delhi tomorrow. The flagship programme of Ministry of Shipping – Sagarmala, has moved from the conceptualization and planning to the implementation stage. As a part of the programme, more than 400 projects have been identified across the areas of port modernization and new port development, connectivity enhancement, portlinked industrialization and coastal community development. To create awareness about the Sagarmala programme among the stake holders and to engage with them, the Ministry is organising a series of workshops over the next 6 – 8 months under the aegis of the Sagarmala Programme. The first workshop titled, “Accelerating Sagarmala Implementation – Engaging with States”