The State Government of Odisha, which is working on a new state export policy, has set a target of reaching INR 1 lakh crore of exports by the year 2025.
L N Gupta, Additional Chief Secretary, Micro, Small and Medium Enterprises (MSME) Department said that “Odisha has set a target of achieving an export turnover of INR 1 lakh crore by 2025.”
He added that the Government is working on a number of enabling factors that would be included into the new export policy in order to give a major boost to the State’s export turnover.
“A draft has been prepared for Odisha Export Policy, 2017, which lays emphasis on promoting the exports from...
DHL Express has inaugurated a new service centre in Bhiwadi. Located in Alwar district of Rajasthan, the 3,188 square feet facility will be the seventh in the Delhi-NCR region.
The city of Bhiwadi is an industrial town spanning nearly 5,300 acres that caters to over 2,500 big and small enterprises.
The city’s location on the national highway offers excellent connectivity to Delhi-NCR, and the strong potential for rapid industrial growth makes the Bhiwadi service centre an ideal location for the growing DHL Express network.
The facility will also serve surrounding areas such as Dharuhera, Bawal, Neemrana, Khushkhera, Chopanki and Tappukhera in indu...
Piramal Enterprises Limited through its subsidiary Piramal Finance Limited has committed INR 485 crore to integrated third party logistics (3PL) solutions provider, Apollo LogiSolutions.
Piramal Finance will be a long-term investor in the company as it seeks to scale up its operations over the coming years.
Apollo LogiSolutions plans to use this growth capital in various capacities such as organic growth of existing business, ramping up of new business ventures as well as consolidation of ownership in various joint ventures....
Iron ore exports from India were down 53% in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel plants, taking advantage of a slump in global prices.
Macquarie Research says after a surge in iron ore export to 49 million tonnes (mt) in March, these slumped to 23 mt in May. With seaborne ore prices down 40% from the peak in late February, the Indian high-cost export is fading away.
It said that Shipments from Goa have become unviable and volumes from the east coast have started diverting to domestic markets.
Spot iron-ore prices have slumped to USD 55 a tonne, from a recent peak of USD 94.5...
Myanmar has planned to promote trade with India by increasing items of tradable goods.
U Aung Htoo, Deputy Minister for Commerce, told a parliament session in Nay Pyi Taw recently that Myanmar had held high level consultations with India on border trade.
For the purpose of promoting trade between the two countries, a series of joint committee meetings related to bilateral trade, border trade and border- market were held.
High-ranking officials from both sides had extensive discussions on opening a trade zone in Htantalan in Myanmar's Western Chin State and a new trade zone in Pan Khwar, Mizoram State in India.
Moreover, bilateral banking ...
Passenger train functioning will be impacted on the Dhanbad section, one of the busiest sections, following the fire in Jharia coal mine.
According to an official release, the Railways has diverted some trains, while 17 pairs of trains have been cancelled. Scientific studies have been conducted by the Central Institute of Mining and Fuel Research and the Central Mine Planning and Design Institute.
The Ministry of Coal intimated the Railways that the Dhanbad-Chandrapura section should be closed for train operations in view of the fire.
As per the Coal Ministry advisory, it was decided that the situation shall be reassessed by DG-Mines Safety about the im...
Varanasi will get the country's first 'freight village' spread over around 100 acres.
The plan to set up this project close to the upcoming multi-mode terminal along the Ganga has attracted major players including Dubai Port World and IL&FS.
Sources said Sharaf Group of Abu Dhabi, a global player in shipping, logistics and supply chain is also keen on the project. They added that the big facility will not only bring investment but also generate jobs.
A 'Freight Village' is a specialized industrial estate which attracts companies that require logistics services and can cluster to improve their competitiveness. This will allow relo...
Allcargo Logistics today reported a marginal dip of 2% in consolidated net profit at INR 57.24 crore for the quarter ended March 31, 2017.
The company’s net profit was at INR 58.64 crore in the year-ago quarter. Its total income from operations during the quarter was at INR 1,362.81 crore, as against INR 1,390 crore a year ago.
The firm’s total expenses fell to INR 1,295.79 crore, compared to INR 1,319.17 crore in the year-ago period.
Allcargo Logistics, part of The Avvashya Group, offers specialised logistics services across multi-modal transport operations, container freight station operations, coastal shipping services with fleet of ships...
India & UK agreed to sign a memorandum of understanding (MOU) on bilateral cooperation in urban transport policy planning, technology transfer and institutional organization of transport.
The decision to enter into a bilateral cooperation arrangement between the Transport For London (TFL) and the Indian Ministry of Road Transport and Highways on a wide range of transport mobility solutions and associated activities in urban environments was taken during the three-day official visit of the Minister of Road Transport & Highways and Shipping Mr. Nitin Gadkari to Britain.
During his visit to the headquarters of Transport for London (TFL), Mr. Gadkari was given...
Lynk has launched its services in the city.
Addressing a press conference here on Thursday, Abinav Raja, Co-founder, Lynk Logistics, said that the intra-city platform will focus on small and medium enterprises and home residents for intra-city logistics.
Hyderabad is the second city after Chennai for Lynk’s operations. It is targeting 75,000 downloads of its app and hopeful of completing one lakh trips in Hyderabad in next 12 months.
Lynk is a technology platform for intra-city logistics that connects a shipper with a transporter....