LOGISTICS COSTS IN INDIA
How Generative AI is transforming industries and building new startup opportunities
India’s burgeoning AI adoption presents a unique opportunity for startups to innovate and thrive.
India’s Hyperloop leap: The future of ultra-high-speed travel begins now
India is making strides in ultra-high-speed rail (UHSR) with the development of a hyperloop test track. This new technology aims to significantly reduce travel times and energy consumption. While there are challenges related to infrastructure costs and safety concerns, successful trials could disrupt various industries, including aviation, rail, and urban planning.
India Inc should not worry about tariffs, focus on competitiveness instead: Godrej
Amid concerns about the impact of US tariffs, CII urges companies to focus on enhancing competitiveness. Jamshyd Godrej emphasizes the need to scale up manufacturing to match China. Indian industry needs to break free from tariff fixation and improve manufacturing's GDP contribution. Government's production linked incentive scheme has already yielded significant investment and job creation.
AC prices to give Indians the chills this summer; Blue Star likely to hike prices
As summer temperatures rise, the prices of air conditioners are set to increase by 4-5% due to volatile metal prices and supply chain disruptions. Manufacturers face challenges from logistical delays and reliance on Chinese imports, yet anticipate robust demand due to early summer onset and temperature forecasts.
Unlocking EXIM Growth: How organised solutions can propel emerging businesses to success
By providing organised solutions that enhance operational efficiency, integrated logistics providers not only help emerging businesses succeed but also ensure India becomes a manufacturing and transshipment hub well-positioned to capitalise on ‘friendshoring’ opportunities in an evolving and dynamic global landscape.
Meesho recorded 34% year-on-year order growth in April-December 2024: Annual report
During FY24, Meesho reported a 33% jump in operating revenue at Rs 7,615 crore, while narrowing its adjusted loss by 97% to Rs 53 crore and achieving operating cash flow positivity. Adjusted loss excludes non-operational or one-off items such as employee stock ownership plan (Esop) expenses, asset impairments and other extraordinary costs.
Indian road network will be better than US in next two years: Nitin Gadkari
Minister for Road Transport & Highways Nitin Gadkari announced that Indian roads will surpass those of the United States within the next two years. Highlighting improvements in the sector, he stated that logistics costs will drop significantly, making India more competitive globally. Gadkari also expressed confidence in India's growing electric vehicle sector.
The business of faith: How India can tap into its ?1.2 lakh crore religious tourism potential
Maha Kumbh 2024 attracted 600-660 million visitors, far exceeding projections. With per-capita expenditure at ?2,000, total spend reached ?1.2 lakh crore. The potential for developing religious tourism as a growth engine is highlighted, emphasizing the need for infrastructure, comfort, and sustained publicity.
ITL weighs tractor exports from India instead of US
International Tractors faces challenges exporting to Mexico and Canada due to US tariffs and plans to shift exports from India instead of Atlanta. ITL, the largest tractor exporter in India, expects a decline in overseas shipments in fiscal 2024-25 due to global trade wars. Major markets like the EU, North America face uncertainties affecting overall exports.
ECI's voter cap of 1,200 to increase polling stations, EVM-VVPAT need
The Election Commission's decision to reduce the voter cap per polling station from 1,500 to 1,200 will add over 3 lakh new polling stations and increase election costs. This change will be in place before the Bihar Assembly elections. The EC is reevaluating requirements for EVMs and VVPATs for potential simultaneous elections under the 'One Nation, One Election' plan.
India's agri growth rate to be 20% in 2 years, says Nitin Gadkari; flags high logistics cost
India's agricultural growth rate is projected to rise to 20% over the next two years, according to Union Minister Nitin Gadkari. He emphasized making agriculture economically viable and job-generating, with 65% of the rural population contributing only 12% to growth. Gadkari highlighted initiatives like green highways, port connectivity, and reducing logistics costs to boost the economy.
Rasna feels the heat of early summer as rising demand meets supply chain strain
With soaring temperatures boosting demand for instant beverages in India, Rasna International is seeing increased sales but struggling with deliveries. Despite the heat-driven growth, rural demand has not fully met expectations due to limited purchasing power. Rasna is expanding its retail network and investing in a new plant to enhance its supply chain and production capacity.
Extend interest subsidy till rollout of export promotion mission, says Parliament panel
The merger of India's Interest Equalisation Scheme with the export promotion mission, announced in the budget, may negatively impact exporters. The export promotion mission requires an additional Rs 2,250 crore and is not yet operational. A Parliamentary panel suggests extending the existing scheme until the new one launches, addressing high costs of finance and logistics.
Mahindra & Mahindra to increase prices up to 3% for SUVs, CVs starting April 2025
Mahindra & Mahindra has revealed a price hike of up to 3% across its SUV and commercial vehicle (CV) range, set to take effect from April 2025. The company attributed the increase to rising input costs and higher commodity prices that have affected the automotive sector.
Need to build reliable, resilient supply chains, says EAM Jaishankar
External Affairs Minister S Jaishankar emphasized the need for reliable and resilient supply chains amidst global uncertainties caused by the COVID pandemic and the Ukraine conflict. He highlighted India's collaboration with Latin America and the Caribbean in health, food, and energy security, emphasizing technology, productivity, and innovation.
Need to scale up commercial applications of space tech to drive economic growth: Former ISRO chief S Somnath
India's space sector is undergoing significant transformation with a major focus on scaling up commercial applications of space technology to drive economic growth. Former ISRO Chairperson S Somnath and Chairman IN-SPACe Dr. Pawan Goenka emphasized the need for monetizing space technology in various industries and fostering collaboration among government, private sector, and startups to unlock its full potential.
"India eyes single-digit logistics costs to rival China & US," says Nitin Gadkari
Nitin Gadkari outlined India's plan to reduce logistics costs to single digits, enhancing global competitiveness at the Convergence India & Smart Cities Expo. Key highlights include advancements in AI, 5G, and Smart City Solutions. The event features AI Bharat Expo and a Startup Hub, offering mentoring and investor connections, with discussions on India's energy data capabilities by Sanket Bhondve.
Trackon strengthens logistics network, to add over 750 new franchises in South
Trackon is expanding its franchise network across South India including Tamil Nadu, Karnataka, Telangana, Andhra Pradesh and Kerala. This move will enhance delivery capabilities and support regional economic growth. Trackon plans to add 1500 new franchises and invest in technology like AI-driven tracking systems to improve efficiency for partners and customers.
Maruti Suzuki to hike car prices by up to 4% from April
Maruti Suzuki, India's leading car manufacturer, will raise vehicle prices by up to 4% from April 2025 due to increased input costs and operational expenses. The price hike will vary by model. Despite efforts to manage costs, the company must transfer part of the burden to consumers amidst ongoing inflation, higher raw material, and logistics costs.
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