India Business & Trade recently caught up with Andrey Grechkin, CEO of Dalreftrans, a subsidiary of FESCO Transportation Group. The discussion revolves around Dalreftrans’ role in facilitating trade between India and Russia, particularly focusing on perishable cargo. Grechkin sheds light on Dalreftrans’ expertise in refrigerated container transport and their position...
The logistics industry has become a vital contributor to India’s economic strength. According to a report published by Ernst and Young, India is expected to reach US$26 trillion in GDP by the fiscal year 2048, and the country’s transport and logistics industry can play a key role in sustaining this...
As India embraces sustainable and eco-friendly practices, green delivery services are gaining traction. These services prioritize the use of electric or hybrid vehicles, bicycle couriers and eco-conscious packaging to reduce their carbon footprint. EVIFY, a tech-enabled startup with the focus of providing green delivery services to all the E-comm giants...
Since its invention in the 1940s, barcode scanning technology has seen a tremendous evolution. Recent developments in machine learning (ML) and artificial intelligence (AI) have been integrated into barcode scanning technology. Particularly in situations where barcodes are broken or partially hidden, these technologies help to increase identification accuracy. JP Mishra...
The e-commerce market in India has experienced exponential growth, but is facing a strong decline for warehousing space as companies look for greater process optimisation. Conversely, the slack is being taken up by 3PL players who have taken an all-time high share of 39%. Source: Pexels The Indian e-commerce market...
What factors will drive or derail India’s march towards $2 trillion exports? The inaugural India Business and Trade Conclave organized by Trade Promotion Council of India featured an exclusive session by a multi-disciplinary panel on this moot point. The panelists concluded that integrated logistics, speed of infrastructure utilisation, innovation, overseas...
India leaps six places to hold 38th rank in the World Bank’s Logistic Performance Index (LPI) 2023 comprising of 139 countries from 44 in 2018. The development is credited to significant investments in both soft and hard infrastructure as well as technologies. Initiatives like PM Gati Shakti and National Logistics Policy...
The Tamil Nadu government has announced a new policy that focusses on advancing the infrastructure and logistics sector in the state. The policy will facilitate mega projects in logistics sector – entailing investments of more than Rs. 500 crores, by considering them for customised incentives. Image Credit: Shutterstock The Tamil...
Sarita Sharma, cofounder of Orangestar Logistics, believes that the logistics sector in India has shown its true potential owing to technological advancements and recent introduction of 5G network services. Speaking with IBT exclusively, Sarita says that her company is constantly adapting to the latest technology to offer real-time tracking updates...
R S Subramanian, SVP South Asia, DHL Express shares his perspective on logistics and digitization in the current context, and how it can potentially transform India’s trade ecosystem. The term logistics can mean many things to many people. Goods transportation by air, sea, land, rail, multimodal, warehousing, fulfillment, distribution, last...
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