ritikaroraaa

Saudi to construct 19 logistics service zones worth 29 bn

Saudi Arabia is pushing ahead with the construction of 19 logistic service zones worth nearly 29 billion Saudi riyals ($7.7 billion) in investment value in partnership with the private sector. Saudi has already established several such zones at key seaports and has invited the private sector for similar projects, said official reports. The country aims to ‘create a solid logistics base’ to become one of the largest hubs in this field in line with the country’s economic diversification scheme ‘Vision2030.’ Heavy investment in logistics and transport in the Kingdom has largely expanded the sector and boosted its contribution to GDP to 16 percent in 2021 and now the country is working to establish 19 logistics zones in Riyadh, Jeddah, King Abdullah Economic City and other areas in the Kingdom. Tese projects provide investment opportunities to the private sector worth nearly 29 billion riyals, reports added.

Read More »

$250 mn loan approved to improve India’s logistics sector

The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support Indian government’s wide-ranging reforms that aim to improve and modernise the country’s logistics infrastructure, increase efficiency, and reduce the cost. The loan will fund the first sub-programme of the Strengthening Multimodal and Integrated Logistics Ecosystem Program, said an official press release. The sub-programme supports the government’s efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city levels. This will rationalise India’s high cost of logistics and reduce greenhouse gas emission, the release added. To facilitate multimodal logistics, the sub-programme promotes reforms that reduce cumbersome processes that businesses face to obtain approvals for cargo clearance as well as the creation of digital systems that integrate regulations, processes, and logistics data. The programme promotes the facilitation of cargo movement through coastal shipping and inland waterways to strengthen multimodal transport. The programme also supports the ministry of commerce and industry’s initiatives to issue standards for warehousing, which would encourage operational efficiency and private sector investment.

Read More »

QuikJet Airlines resumes flying with a B737-800BCF

Quikjet Airlines has successfully relaunched its own freighter flights with a leased B737-800(BCF) commencing revenue services in early December. The airline took delivery of VT-AAZ (formerly N120MN) (msn 30643) in August while reapplying for its air operator’s certificate after a change in its shareholder structure. The carrier (VT-AAZ) initiated revenue flights with a Hyderabad Int’l – Coimbatore – Hyderabad – Bangalore Int’l – Hyderabad rotation. FlightRadar24 ADS-B data shows the plane has flown a significant number of sectors within India since then, said official reports. The 20.74-year-old jet comes on a lease from Arena Aviation Capital via the MAM Aircraft Leasing 30643 (Ireland) DAC special purpose vehicle. Founded in 2007, QuikJet formerly operated an ATR72-200(F), B737-300(F), and B737-400(SF) but suspended in-house flying in 2017 when it retired its B737-400SF. At the time, QuikJet was majority owned by ASL Aviation Holdings but that group has since sold down its stake to minority status and now supply-chain mogul Cyrus Guzder owns 51% of the business.

Read More »

‘Digital Twins’ & ‘Industry 4.0’ to transform warehousing in India

According to the E-Handbook on Warehousing Standards, released recently by the Warehousing Association of India, ‘Digital Twins’ and ‘Industry 4.0’, can transform the future of warehousing in India and enhance logistics efficiency and cost-competitiveness. Digital twins in warehousing lets companies design, simulate, and test new warehouse operations and product movements virtually, before starting up new sites or making changes within existing sites. As technology drives innovation, the warehouse of today will transform into an increasingly digital environment in future, it stated. WMS enables consistent performance at a low cost. Change will be driven with real- time transaction processing, optimised storage, and selection strategies, directed task management, and integrated labour standards. Operational and strategic teams need to be able to make accurate decisions about ongoing situations. Real-time visibility provides actionable information that can help swiftly adapt plans, improve processes, minimize threats and maximize opportunities. With the advent of Industry 4.0, technology has aided visibility and real-time decisions. From RFID tags, IoT sensors and cloud- based management systems, the real-time supply chain has enabled greater agility and flexibility via machine learning and predictive data analysis. The advantages conferred by supply chain visibility may be individually small, but they can be applied to every movement, operation and transaction in a supply chain, thereby saving time and creating efficiencies that add up to significant savings.

Read More »

NLP to enhance EODB through tech integration: ICRA

The National Logistics Policy (NLP), launched by the Government of India in September 2022, aims to promote the seamless movement of goods, overcome transport-related challenges, encourage digitisation and significantly reduce logistics time and cost. The policy is aimed at reducing India’s logistics cost considerably and bringing its percentage of GDP in line with the developed economies. Reduced logistics costs shall help improve India’s competitiveness, both in the domestic and export markets, by improving efficiency across all sectors,” said Suprio Banerjee, Vice-President & Sector Head, ICRA Limited. He added, “The Introduction of NLP is a long-term positive for the Indian logistics industry, given its overall focus on attaining better integration of different modes of transport, which in turn shall lead to faster turnaround and higher efficiency. It is also expected to lower the cost of logistics by reducing the over-dependence on the road sector, thereby reducing congestion and ensuring better asset utilisation. Implementation challenges, however, are expected as multiple agencies, stakeholders, and physical entities are involved, which will require proper coordination for the successful implementation of the policy. The implementation will also entail heavy capital investments to be policy-compliant. The benefits of the policy should also be evaluated against its compliance costs. Nonetheless, the long-term benefits of the policy will outweigh the short-term challenges.” The salient features of the NLP include setting key targets, which include a reduction in the logistics cost in India to be comparable to global benchmarks by 2030 and be among the top 25 countries by 2030 (currently ranked at 44) in the logistics performance index rankings as also creating a data-driven decision support mechanism for an efficient logistics ecosystem. The policy will be implemented through an …

Read More »

Joint venture to develop 20 mn sq. ft. warehousing space

AA Holdings announced a strategic partnership with logistic development company, Avinya Industrial and Logistic Park to empower all small landlords and aggregators across the country to develop quality warehousing infrastructure. Through this partnership, the two entities aim to develop 20 million square feet of land parcels across the country in the next 3 years to contribute meaningfully towards the creation of a warehousing ecosystem at the grass root level. The joint venture will play a pivotal role in further expanding the burgeoning warehousing infrastructure development in the country which is currently limited to the top 8-10 cities only. This will enable local landlords and aggregators to acquire the necessary skill sets and knowledge to attract the right clients and make the right use of their real estate assets as India looks forward to becoming a $5 trillion economy. Commenting on the launch of his new venture, Abhijit Verma, Managing Director, AA Holdings said, “India is the fastest growing warehousing market in the world propelled by the rapid growth of e-commerce, introduction of the Goods and Services Tax and the improved in road infrastructure. These factors have unlocked immense potential to develop land parcels into prime warehousing properties and bring prosperity to the land owners by imparting the right knowledge in the best use of the asset and inculcating the necessary skill sets. Through this new venture, we aim to be a catalyst and leverage their grassroot knowledge to help them emerge as developers by imparting the right business acumen, helping them connect with clients and guide them in the best use of their assets. With Avinya, we found synergies in our vision of transforming the warehousing market in India by …

Read More »

New warehouse to enhance cargo network in Asia, Africa, Europe

JD Logistics has opened its second warehouse in Dubai, the United Arab Emirates to enhance global logistics network, and to provide end-to-end supply chain services covering Asia, Africa and Europe for local and cross-border merchants. Twenty-minute drive from the Port of Jebel Ali, this warehouse is located in Dubai Industrial City, with an area of 12,000 square meters, providing logistics services ranging from concentrated transportation, sea transportation, air transportation, transition, customs clearance to warehousing, sorting, labeling, drop shipping and more, for both bulky and small to medium-sized products, and meeting both B2C and B2B fulfilment requirements. Adopting JD Logistics’ self-developed management system, the warehouse can digitally manage inbound and outbound inventory, thus precisely predicting the trends and allocating distribution resources accordingly to improve logistics efficiency, said release. Siyuan Yue, head of JD Logistics Dubai Warehouse said, “Powered by digital capabilities, JD’s warehouse in Dubai provides clients with integrated logistics solutions, optimizing the international transportation routes greatly.” As early as in 2020, JD Logistics began to operate in the Middle East, and its first warehouse was launched in the largest free trade zone in the region, Dubai’s Jebel Ali Free Zone (JAFZA), offering logistics services spanning GCC (Gulf Cooperation Council) countries and reaching to continent Africa.

Read More »

Drone Pilot Flight to ferry pharma in Dehradun

Drones operators Skye Air Mobility and Redcliffe Labs have partnered to start a Long Term Drone Pilot Flight from the distant highlands of Uttarkashi to Sahastradhara, Dehradun, said reports. “The Redcliffe test samples are sent to the Dehradun Redcliffe Labs in 90 minutes through drone delivery from their collecting center in Uttarkashi. In order to deliver affordable and high-quality diagnostic services to the citizens of Uttarkashi, Redcliffe Labs will be flying daily flights for both routine and specialty test sample collection. Redcliffe Labs is the first diagnostic firm in India to use drones to carry samples, guaranteeing that individuals living in smaller towns or distant locations have access to high-quality, affordable diagnostics,” added reports. Ankit Kumar, CEO of Skye Air Mobility said, “The current form of logistics simply does not work for the healthcare industry in such a terrain geography. The need is to have a solution which is providing a faster, sustainable and scalable supply; drones rightly fit into elevating delivery, the Skye Air way. We are enthused to take our partnership with Redcliffe Labs to the next level of beginning long term flights helping the residents of Uttarkashi to get advantage from such services. Skye Air is working together towards a mission to impact lives at large and with our partners here, we are one step ahead in that journey.”

Read More »

Punjab’s logistics policy to enhance efficiency, trim cost

The Punjab government is all set to approve its first logistics policy soon, said reports. The policy will offer fiscal and non-fiscal incentives for investments in multi-modal logistics parks, transport centres, wayside amenities, specialized warehouses in border districts and commercial vehicles fleets, the reports added. “The Integrated Logistics and Logistics Park Policy, which is being given final touches by the industries and commerce department for approval from the state cabinet, envisages to increase the competitiveness of goods produced in the state by cutting the logistics costs from 13% to 8% through improvement in the efficiency of the sector. The final draft of the policy pitches logistics as a thrust area, identifying it as an eligible service enterprise for fiscal incentives, including reimbursement of state goods and services tax (SGST), employment general subsidy and exemption from change of land use charges (CLU) and external development charges.”

Read More »

Railways achieves 1,000 MT milestone in freight transportation for FY 2022-23

The Indian Railways has achieved the yearly milestone in freight transportation by crossing the 1,000 million tons (MT) mark in this fiscal, said an official statement. Till date, the railways has loaded 1,002 MT of freight in the current fiscal. Earlier, this milestone was achieved on December 24, 2021, and as on December 6, 2021, the railways had achieved a freight loading of 926.4 MT. During this financial year, the national transporter has registered an incremental loading of 76.3 MT with growth rate of 8.25 per cent. “In revenue terms, the railways freight revenues stood close to Rs 1,08,593 crore in the current year vis-a-vis Rs 93,532 crore during last year till December 6, thus showing an improvement of 16.10 per cent,” the statement added.”

Read More »