In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa.
logistics sector
Posted inBusiness
Ashok Leyland’s Hinduja Tech to acquire TECOSIM for 21 mn Euros
This strategic acquisition broadens Hinduja Tech’s presence in the European and international markets.
Posted inTechnology, Supply Chain
Bigbasket unveils SaaS-based supply chain platform BB Matrix
BB Matrix is capable of offering next-generation supply chain solutions to cut costs and increase productivity that the industry needs.
Posted inPorts & Shipping
Need for better collaboration between state, central agencies for waterways transportation: MoPSW Secy
Recognising the need for a unified approach to manage and integrate the waterways transportation sector, MoPSW has established SMWTCs to coordinate various initiatives and schemes within each state.
Posted inPorts & Shipping
Adani Ports to invest additional Rs 20000 cr to develop Vizhinjam port
Vizhinjam, will not only facilitate the movement of transshipment traffic into India but the strategically located port will also play a pivotal role in handling traffic along major routes connecting India
Posted inLogistics
NICDC, NLDS, GIDB partner to digitise logistics landscape in Gujarat
The partnership aims to leverage Unified Logistics Interface Platform (ULIP) to bring visibility to streamline logistics operations.
Posted inLogistics
Department of Posts to establish geo-coded addressing system to improve logistics efficiency
As part of PM Narendra Modi government’s 100-day action plan, the Department of Post has initiated Proof of Concept (PoC) trials across India, covering 10 villages and a city.
Posted inBusiness
DPIIT, NCAER ink pact to develop framework to assess logistics cost
This MoU envisages NCAER to conduct the detailed study as above and submit the report within a years’ time.
Posted inTechnology
Shadowfax launches SF Maps to enhance delivery accuracy and efficiency
SF Maps greatly improves navigation for delivery partners, thereby assisting e-commerce platforms and direct-to-consumer (D2C) brands in reducing cancellations due to address inaccuracies on their platforms.
Posted inBusiness
Maha Budget: Reduction in petrol, diesel prices from July 1 set to reduce logistics cost
State Finance Minister Ajit Pawar has announced a reduction in VAT on fuel prices resulting in 65 paise per litre decline in petrol price and nearly Rs 2.60 per litre in diesel prices.