TODAY IS: Thursday , January 21, 2021
Menu
  • Home
  • About Us
  • News
  • Start Up
  • Appointments
  • Exchange Rates
  • Useful Links
  • Awards
  • DST Everyday
  • DST Gujarat
  • Advertise With Us
  • Contact Us
DST

LATEST UPDATES:

August 24 , 2020 OOCL report Profits of US$102.1 million for Six Month period ended June 2020            August 24 , 2020 Port of Antwerp aids in laying foundation for Digitalisation of Inland Navigation            August 24 , 2020 Maersk expands warehousing & distribution in Ivory Coast             August 24 , 2020 Goods barometer confirms steep drop in trade but hints at nascent recovery : WTO             August 24 , 2020 Railways plans to bridge first, last mile connectivity gap to deliver goods            August 24 , 2020 2021 World Maritime Theme – “Seafarers: At The Core Of Shipping's Future”            May 19 , 2020 India to be developed as Transshipment Hub; at least 2 ports in the Top 10 rankings Globally : Maritime Vision 2030 Draft             May 19 , 2020 DP World and Mastercard collaborate on Digitising Port Payments            May 19 , 2020 Yang Ming’s vessels to receive Smart Ship Notations from ABS, DNV GL, BV & CR             May 18 , 2020 MSC supports cargo shippers with new Trade Finance offering in India             
Latest News

Record Container throughput in Antwerp Port limits losses in 2020, the year of Coronavirus

January 20 , 2021

Hapag-Lloyd deploys extra-loader for easing disruptions in India

January 20 , 2021

Welspun One Logistics Parks launches India’s first warehousing AIF for domestic investors

January 20 , 2021

Concor launches Container train service from Shalimar to JNPT

January 20 , 2021

View All Posts

DST News

Maharashtra invests in Logistics sector to promote Multi-Modal Connectivity: Maharashtra Minister

June 30 , 2020

MUMBAI: Maharashtra has invested over Rs 150 crore in the supply chain and logistics sectors in Pune and Thane regions to promote multi-modal connectivity, Transport Minister Anil Parab has said.

Addressing a two-day CII Logistics and Supply Chain Leadership Conclave 2020, which began on Thursday, 25th June the Minister also said that the logistics sector provides livelihood to more than 22 million people and improving the sector would have a cascading effect on the country’s exports growth.

“The Indian logistics sector provides livelihood to more than 22 million people, and improving the sector will facilitate a 10 per cent decrease in indirect logistics cost, leading to a growth of five to eight per cent in exports. It is estimated that the worth of the Indian logistics market will be around USD 215 billion in the next two years.

“The Maharashtra government has also invested in over Rs 150 crores in the supply chain and logistics sectors in the Pune and Thane region with the aim of promoting multi-modal connectivity, technology driven accreditation and standardization process to support the supply chain ecosystem within the state,” the CII said in the release, quoting the Minister as saying.

He said that the Uddhav Thackeray government has also signed 12 MoUs worth Rs 16,100 crores with international and local companies to bring economic stability in the state.

Logistics and the supply chain sector play a significant role in propelling a nation to become a global investment destination.

In today’s testing times, the ability to innovate and adapt rapidly to new business risks, responsiveness to geopolitical factors, digitisation, reducing operational risks, and developing capacity building are vital for companies to build a comprehensive supply chain ecosystem, the CII said.

With the new normal and the Unlock 1.0 panning the nation, the Indian logistics, supply chain and transportation sector is set for a massive turnaround, it said adding, as the logistics sector is gearing up to tackle market uncertainty, several industry players have already started to adopt innovative ways to move ahead of the curve, paving the way for better supply chain and transportation methods.

The logistics and the supply chain sector is not only a significant factor in business continuity but it also has a strong role in propelling India to become a global economic destination, it added.

“It is estimated that the worth of the Indian logistics market will be around USD 215 billion in the next two years. The dynamics of the estimated USD 160 billion logistics market will change as we hit challenging times today and for the next quarter”, said Shohab Rais, Chairman of the Conclave 2020 and Chief Operating Officer for Indian Chemical Business at Tata Chemicals.

The Central Government is working on a “National Logistics Policy” which aims to promote seamless movement of goods and commodities across the nation, he stated.

The logistics’ industry firmly believes that policy will look at several aspects of functionality such as process re-engineering, digitisation, and focus on multi-modal transport, providing great impetus to the currently on-going projects, he added.

The CII said that new infrastructure creation, capacity building, digitisation, and improving overall operational capabilities, among others will benefit the supply chain and logistics industry in the country.

 

Subscribe

Make sure you don't miss interesting happenings by subscribing to our anual membership model to get daily shipping times eDST.


HEAD OFFICE : MUMBAI

5, Rustom Sidhwa Marg, Gunbow Street, Dossa House, Room No. 14-18, 1st Floor, Fort, Mumbai-400001

    (022) 22661756 / 22661422
   (022) 22664213
   dailyshipping@gmail.com

QUICK LINKS


  • Awards
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy

Developed By : Ace Smart Advertising

QUICK INQUIRY


Your email address will not be published. Required fields are marked *

© Daily Shipping Times