Logistics Industry News in India dated 28th March 2017

Logistics Industry News

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JNPT becomes first Major Port to install Radiological Detection Equipment(RDE) at Road and Rail Gates :

Mumbai: The Marine Department of the port had initiated installation and commissioning of Radiological Detection Equipments at all the exit gates including the Rail Gates. As per MOS directives, the work was awarded to M/s Electronic Corporation of India (ECIL) in 2012 at a total cost of Rs.23.324 crores.

Out of these 11 are at North Gate Complex, 3 at the South Gate Complex, 7 at Central Gate Complex and 7 at Railway Gates, in addition to the above one Limb monitor, each has been installed at South Gate and NSICT Gate. With successfully installation and commissioning of the entire Radiological Detection Equipment system, JNP becomes first Major Port in the country to have installed RDE at all road and rail gates (read more)

The Centre Sanctions 101 Integrated Cold Chain Projects to Reduce Wastage in Agri-Horticulture Sector :

The Centre gives approval to 101 projects (out of 308 applications) for integrated cold chain worth Rs. 3,100 crore of total investment. Out of this amount, Rs. 838 crore will come from the Centre and Rs. 2,262 crore, from private sector.

This is a step forward to modernize food processing sector and infrastructure, says the Minister of Food Processing Industries (FPI) Harsimrat Kaur Badal. The cold chains projects decided, will emerge within 18 to 24 months in order to lower wastage of vegetables and fruits. These cold chains not only will work to improve storages, but also get divided over on-farm grading and sorting to processing and distributing produce until end-consumers, via specially run refer-vans (read more)

Logistics Players Have to Ably Arm Themselves Post GST to Stay in Competition :

With GST soon to raise its head, competition will toughen between logistics firms, making them to gear up resources to stay ahead in business. The battle between organized and unorganized companies shall increase, as customers will be able to offset the service tax. In the next 6 months, firms will get an idea as to which growth opportunities stand to benefit them because of GST.

Today, a majority of logistics business is handled by the unorganized sector because tax avoidance assists to keep the prices lower given India’s one-market theory. But, after GST comes to the plate, stakeholders will assume that customers could consolidate warehousing requirements to hub-and-spoke model for spearheading transportation solutions providers (read more)

GST: Logistics firms expect uptick in long-haul demand :

As the government gears up to roll out the Goods and Services Tax (GST) in July, most logistics companies will remain in the ‘wait-and-watch’ mode, but the demand for long-haul transportation is set to increase, feels Truckola, a start-up in the long-distance segment.

“Our opportunities are increasing as long-distance needs are expected to increase,” Truckola founder Raghav Himatsingka told Businessline.  Companies manufacturing in one State and with depots in other States are consolidating to 4-5 warehouses, which will again increase long-haul transportation. Also, consumption centres will increase.

Several States now have electronic bill concepts and have squads to check the paperwork of trucks. “If you don’t stop, a penalty of 10-15 lakh can be imposed,” Himatsingka said (read more)

 

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