Tag: Logistics

Business

The Maverick Motivator

Jun 10, 2024 by Mansi Praharaj 0 Comments #Agriculture, #AI, #Dubai, #Education, #Education 2.0, #Government of Maharashtra, #India, #Lawpreneurz, #Logistics, #MarriedUp, #Middle East, #My Teacher, #Raunaq, #Raunaq Kakkar, #Serial Entrepreneur, #UK, #US

“One huge step to success begins with a single failure” says Raunaq Kakkar, Serial Entrepreneur, Founder of Lawpreneurz, Found My Teacher and MarriedUp

Raunaq Kakkar,

Mumbai, 7th June 2024: Showcasing the many dimensions of Raunaq Kakkar as the one who turned his failure around into successful ventures. As a game-changer, Raunaq has furthered 250 start-ups across industries such as AI, Education, Agriculture, and Logistics, including diverse sectors to raise their seed capital. Charging on the dynamic momentum, Raunaq now aims towards a 2.0 plan in fostering 2000 founders in the coming year.

TED Talk in 2018 brought Raunaq within the vision of the movers and shakers. In 2022 he was awarded by the Government of Maharashtra and in 2023 he was felicitated in Dubai at the Education 2.0 event.

To help advance businesses abroad, Raunaq’s ‘Found My Teacher’ is a singular platform that coaches’ entrepreneurs in languages that are critical to success and sharpening their comms.  Raunaq has fostered 250 clients in the US, UK, Middle East, and India. With his entrepreneurial skills and astute intellect, he has raised a seed capital of 3 – 5 million USD for them.

Raunaq now aims to help 2000 founders as a fitting acknowledgment to an overwhelming response.

As a Serial Entrepreneur, he now seeks the support to collaborate with global entrepreneurs and expand his business acumen to different horizons. The journey forward is to promote 2000 business owners in the coming year.

Business

What this budget meant for logistics Industry

Feb 5, 2024 by Sujata Muguda 0 Comments #Lobb Logistics, #Logistics, #Logistics Industry, #Ms Nirmala Sitaraman, #PM Gati Shakti, #Venu Kondur

Bengaluru February 5, 2024– Finance Minister of India Ms Nirmala Sitaraman presented her annual but interim budget (due to ensuing elections) very recently. It had slew of offerings for logistics industry. The logistics sector has received a major push in the Interim Budget 2024 as the government plans to set up three major economic railway corridors to reduce congestion and logistics costs in India. Industry stakeholders welcomed the government’s plans but have highlighted that certain areas still require attention. Industry stakeholders welcomed the government’s plans but have highlighted that certain areas still require attention.

lobb truck png

The government said these projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity. These commodity-specific economic rail corridors aim to address congestion issues in rail lines, particularly in the eastern region. These dedicated corridors will facilitate faster movement of freight and improve turnaround times, reducing logistics costs for India. Currently, logistics costs account for approximately 12% of India’s GDP, which hampers its competitiveness, particularly in the manufacturing sector, compared with competing countries. Industry stakeholders say that by reducing traffic on transportation routes and improving the efficiency of freight transportation, the county can increase its logistical competitiveness.

Venu Kondur

Giving his views on the budget Lobb Logistics Chief Executive Officer Venu Kondur said, “This will be an added boost to Tech led logistics businesses “All forms of infrastructure – digital, social, physical – are being built in record time”, he went on to say “the government must adopt economic policies that will sustain growth and contribute in powering investment and fulfil aspirations. The commitment of renewed assurance on logistics policy and connecting multi-model through technology is going to be key. Increasing road network for motorable roads is also an added fillip to us. The government will take up next generation reforms and build consensus with the states and stakeholders to ensure effective implementation, Policy priority to provide training for MSMEs to compete globally. The government promise to expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure”.

India International Logistics and Supply Chain Conference
Business

India International Logistics and Supply Chain Conference

Jun 9, 2022 by Agency 0 Comments #Logistics, #Supply Chain Conference

Addressing the Industry Stakeholders at the INDIA INTERNATIONAL LOGISTICS & SUPPLY CHAIN Conference, organised by PHDCCI & Logistics Insider , Shri Som Parkash, Hon’ble Minister of State, Ministry of Commerce & Industry, Govt. of India said that the PM Gati Shakti  National Masterplan will  help achieve India’s aim of USD 5 Trillion economy, at PHD House, here today.

The Hon’ble Minister of State, Shri Som Prakah, mentioned that India is one of the most attractive destination for investment in the world and government has prepared some important frameworks to help thrive businesses in the country. One of them is PM Gati Shakti masterplan and its implementation which  will help us  to achieve our aim in logistic efficiency.

An  infrastructure master plan will make a difference through integrated approach by breaking the entrenched silos over six years which has received Rs 20,000 crore allocation in this year’s Budget. Propelled by seven engines – roads, railways, airports, ports, mass transport, waterways and logistics – Gati Shakti is an idea whose time has come, added the Minister.

The Minister appreciated PHDCCI for being the forerunner in having a specialized forum for Gati Shakti, the contribution for which will go  long way in aligning the objectives with the PM’s Vision of being a globally leading economy.

To help make this plan success, the Minister, urged all industry stakeholders to work in this direction collectively to achieve its significant results.

Shri Amrit Lal Meena (IAS), Special Secretary  – Logistics, Dept of Commerce & Industry, Govt of India, said that a lot work is being done in this direction, mainly on component cost of transportation & fuel and inventory cost to bring in logistic efficiency. Time and cost overrun are major factors of concern in the implementation of the plan. Steps are being taken to kept them at zero level. In PM GatiShakti master plan, 600 layers of all different ministries of state government are integrated on digital platform for better coordination and early resolutions. Gaps are identified  and taken on priority basis regarding transportation to eliminate unnecessary congestion, said Shri Amrit Lal Meena.

Mr. Pradeep Multani, President, PHDCCI , mentioned that the Indian logistics sector is on a big growth tide. According to the domestic rating agency ICRA, Indian logistics sector is expected to grow at a rate 8-10 per cent over the medium term. This is an improvement over the compound annual growth rate (CAGR) of 7.8 per cent at which the industry grew during the last five years. The government’s focus going forward is to bring down the cost of logistics which is at 14.4 per cent of India’s GDP at present. The development of the logistics sector is also extremely important for the Indian economy, as it will boost exports, create jobs, and give the country a prominent position in the global supply chain, said, Mr. Multani.

 

Mr. Ashish Wig, Chair, Gati Shakti Development Forum, PHDCCI, highlighted Infrastructure is crucial to the development of any economy. Roads, railways, airways, and waterways enable connectivity with the outside world, facilitate trade and bring prosperity to the region. Advanced modes of transportation allow faster movement of goods and services. He talked about  PM Gati Shakti National Master Plan  which is integral to the Prime Minister’s ‘Aatmanirbhar Bharat’ (Self-reliant India) dream and is expected to propel 21st century India towards a $5-trillion economy by 2024-25.

 Mr. Ravinder Sethi, Co-Chair, Logistics Committee, PHDCCI, said that the logistics sector has emerged as India’s top job-creating sector, as per the National Skill Development Corporation. India’s need for infrastructure creation in the logistics sector is striking. The Government’s keen focus on building connectivity through a better road network, dedicated freight corridors, tech-driven warehousing along with Multi-modal logistics parks is a praiseworthy step towards the Logistics Infrastructure Creations.  It will also boost India’s trade competitiveness, create jobs, improve the country’s global rankings, and pave the path for the country to become a global logistics hub.

Mr. Sandeep Wadhwa, Chair, Logistics Committee, PHDCCI,  said, while a significant amount of work is happening on the ground, technological transformation is also picking pace. Tech-based start-ups brought revolutionary changes in the last mile delivery. In the last 5 years, we have seen, many more entrants in this space and connecting all three delivery miles with their smart technology.Last mile connectivity is to be prioritized while developing various economic zones and industrial parks and clusters, to make Indian businesses more competitive, with a reduced logistic cost along with the vision of providing Jobs opportunities to aspiring youth of the country.

Mr. Saurabh Sanyal, Secretary General, PHDCCI,  presented a formal vote of thanks and talked about the Multi-Modal Logistics Parks (MMLPs), which would act as the focal point to link various modes of transport, are at the heart of Gati Shakti.Complementary to these efforts, the government is also developing the Unified Logistics Interface Platform (ULIP) as the digital backbone of the sector. ULIP, in a secure and decentralised manner, would integrate data from various government bodies like GSTN, Vaahan, Customs, etc. This would not only reduce the compliance burden by doing away with tedious documentation, but also create a uniform regulatory framework for the sector.

 Dr. Yogesh Srivastav, Assistant Secretary General, PHDCCI, moderated the session.

The Event was sponsored by Gear, Jeena & Co, Wiz, Skyways Group and  PHDCCI’s Annual Sponsors – Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Central Coalfields Ltd  ; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.

Spoton Logistics strives to eliminate Gender disparity in the logistics sector
Business World

Organizations facilitating seamless logistics during COVID 2021

Jun 8, 2021 by Neel Achary 0 Comments #Logistics

Last year when the pandemic struck the world everything came to a halt which led organisations to restructure their operations. Companies built both tech and infrastructure to suffice the needs of the consumers and market. Since the emergence of second wave of Covid India has again entered the phase of lockdown 2021, where both e-commerce and logistic firms are at the foot front to meet the consumer demands. Logistics is one of the sector acting as front line workers to meet the demands simultaneously dealing with the supply chain gaps. Here are few organisations that are facilitating seamless logistics during COVID 2021.

Shiprocket: Launched in 2017, Shiprocket is India’s largest eCommerce shipping and enablement platform for SMBs. The technology powers shipping and fulfillment for SMEs, D2C retailers, and social commerce sellers in India. With 20 courier partners on board, the brand enables pan-India as well as international shipping deliveries. Its shipping solutions are available across 26,000 pin codes within India and 220 countries across the world labels. Today, Shiprocket is the force behind the country’s 1 lakh sellers active sellers facilitating seamless logistics amid lockdown. Amid various initiatives that the brand has taken amid lockdown, some of these initiatives include the contactless delivery, regular sanitization of the packages, Online payments, Inventory distribution, Paperless Returns, and automation in supply chain operations for seamless logistics.

Varuna group: With a legacy spanning 25 years, Varuna Group is one of the leading logistics companies in India. Starting from micro-logistics, the company today is driving a new era of technology-enabled logistics, warehousing, and integrated services by partnering with supply chain leaders to manage their end-to-end logistics operations. Keeping customers at the center of its goals, the brand is able to keep the operations running in order to ensure essential grocery items and pharmaceutical products are available on the shelves. Despite shortage of manpower so at this time the organisation is ensuring that all available resources are used for transportation of essential goods.

Delhivery: Delhivery has become one of the leading names in the supply chain and the logistics industry. This company was established with the vision of becoming the operating system for commerce in India. When the COVID-19 virus began spreading internationally, they were the quickest to act, keeping the security of their staff in mind and implemented work from home. After the lockdown was imposed, they had to separate the not essential goods from the essential goods overnight so that the country would not face any delays when it comes to the logistics of the essential goods.

TCI Express: TCI express is one of the leading integrated supply chain and logistics solutions provider. TCI offers seamless multi-modal logistics. They are known for their fast delivery services across the world. They are serving the country well during the time of pandemic and they believe that the safety of their customers is of utmost importance to them. They have taken up various health and safety measures to make sure the business keeps on running without causing any harm to the health of customers and the employees.

Rapido: Recently the Bike-taxi start-up Rapido launched its delivery unit called the Essential. It is an online platform that carters to the needs to the people. It has been working with the Delhi government in delivering the essentials like milk and food packets across the city. It has enabled the supply of essential items from around 16,000 stores across the city. It has been collaborating with the Covid 19 home delivery helpline and resolving the challenges faced by them during the lockdown.

Logistics process streamlining & backend system enabling underway: Pawan Kumar Agarwal
Business World, News

Logistics process streamlining & backend system enabling underway: Pawan Kumar Agarwal

Jan 21, 2021 by Rekha Nair 0 Comments #1mg, #Aatmanirbhar Bharat, #Co-founder & CEO, #Founder and CEO of MakeMyTrip, #hri Pawan Kumar Agarwal, #Logistics, #Ministry of Commerce and Industry, #Shri Deep Kalra, #Shri Prashant Tandon, #Special Secretary

New Delhi: Speaking at IAMAI 15th India Digital Summit, Shri Pawan Kumar Agarwal, Special Secretary, Logistics, Ministry of Commerce and Industry, GOI while giving keynote on Building future ready logistics network for the Country said, “Logistics and Supply Chain are omnipresent issues across the sectors but we realized their importance during COVID times”.

Shri Agarwal stated that “Unified laws across the different modes of transport is completed by the government however process on streamlining and backend system enabling are currently underway.”

Shri Agarwal stressed that use of technology in logistics is a very important area and perhaps, one area where lot of work needs to be done. “Different departments are already working towards systems and initiatives in this direction and moving forward the idea is to merge all these individual system and build a logistics data stand which can be used by new age companies to give market solutions”, he said.

In another session on Farm to Frontier Model for India’s Development, Shri Jayant Sinha, Member of Parliament, Lok Sabha said, “India is forging a totally different development model – the farm to frontier model as opposed to the traditional one of farm to factory”. He also spoke on the need of upgradation of skills and supporting people with the right ecosystem so that they can produce more. “The individual needs to be embedded in a system where they can produce more – that is the path of economic development,” he said.

Shri Sinha explained his notion of Aatmanirbhar Bharat as Creation of Competitive, Sustainable and Resilient (CSR) industries in India. He also talked about how technology is the best solution to increasing productivity and to grow faster. The answer has always been technology to improve productivity – there is no other way. There is a need to give people the technology assistance so that they can be as adept to improve productivity and can generate more, earn more and become prosperous, he explained.

Shri Deep Kalra, Founder and CEO of MakeMyTrip, in conversation with Shri Prashant Tandon, Co-Founder & CEO, 1mg shared his experiences as a pioneer of digital entrepreneurship in India for the past two decades. Shri Kalra also gave his take about the future of the digital economy and India’s role in it. He explained that Digital India is going to be a driver of growth in the decade to come. Owing to the nature of innovation and the speed of innovation in the digital space, India will be able to innovate their way to becoming global leaders in the space. He added that it is important for the Government to catch-up with the sector, but entrepreneurs should not rely on that to compete.

Shri Kalra further clarified that all burgeoning new entrepreneurs can do is to minimize their fixed costs and find ample resources to persist and innovate till the market realizes their value.

The event comprised of six tracks: Building National Digital Infrastructure; Marketing for the Masses; Innovative digital services beyond the first 100 million paid customers; Digitally Recharging Small and Medium Business; Digital Policies from Global Perspective but Indian Reality; Nurturing Indian Startups.