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Transworld Terminals launches state-of-the-art Logistics Par...

Transworld Terminals launches state-of-the-art Logistics Park in Chennai

Admin September 3, 2024 0

Transworld Terminals Private Limited announced the launch of its latest venture, Transworld Logistics Park in Chennai. Known for its robust infrastructure and connectivity, Chennai is strategically positioned with excellent highways, railways, airports, and some of India's busiest ports, making it an ideal location for Transworld's new business vertical.

The Transworld Logistics Park boasts a state-of-the-art warehouse spanning 1,25,000 sq ft, equipped with modern features such as dock levelers, 24/7 CCTV surveillance, fire safety systems, well-paved internal roads, and ample parking space. Located just 2 km from the state highway and within 25 km of major ports like Ennore, Chennai, and Kattupalli, the facility offers a strategically positioned storage solution for customers.

Since 2009, Transworld Terminals has been a key player in the container freight station business, providing top-notch infrastructure and handling services to EXIM cargo in India. The launch of the Logistics Park marks a significant milestone as the company diversifies into domestic cargo handling. Leveraging its extensive experience in international cargo management, Transworld Terminals aims to offer exceptional storage and service solutions to its domestic trade partners, strengthening its presence in the logistics industry.

This new development underlines Transworld’s commitment to enhancing the logistics landscape and supporting India's growing trade needs with quality and efficiency.

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FFFAI Bengaluru EC meeting deliberates on customs related initiatives and business opportunities for the fraternity

The Federation of Freight Forwarders’ Associations in India (FFFAI) held its 6th EC Meeting for the term 2021-23 on May 27 and 28 in Bengaluru. The meeting was attended by the Office Bearers and 28 Member Association representative of FFFAI from across the country, there were many issues discussed and updates provided concerning customs, CBLR, EDI, Service Tax/GST, logistics, air cargo, sea cargo, skill development,importance of social media which FFFAI has expanded recently, technology developments, etc. The special focus of the 6th EC meeting was the updates on forthcoming 24th Biennial Convention of FFFAI to be held from August 12 to 14, 2022 in Chennai with the theme LOGISTICS RESHAPE, EMBRACE AND SURGE IN THE DIGITAL ERA. At this EC meeting, FFFAI also implemented Digital Learning platform for members and next generation for e-learning. It has been decided that FFFAI would initiate FIATA eFBL here in India to benefit the trade, which empowers customs brokers, freight forwarders and logistics service providers. In addition, updates on the recently held FIATA HQ Meet was also provided by the concerned members of FFFAI. FFFAI members present at this EC meeting stressed upon enhancing productivity on ICEGATE for trade facilitation and Ease of Doing Business. The FFFAI members also urged for creating a dedicated portal for LSP integration. As regard to skill development initiatives, IIFF’s (training arm of FFFAI) past and forthcoming training programmes (both online and classroom/physical) for the entire logistics industry were presented at the EC meeting. In addition, FFFAI’s various initiatives on capacity building through technology/IT also discussed withadequate importance. Recent activities of FFFAI Women’s Wing including organising interactive meetings with Government of India officials and industry experts were highlighted at this meeting which drew huge appreciation from the members. The members committed to expand the activities of the Women’s Wing in all the 28 member association locations to empower/encourage the women logistics practitioners. At this EC meeting FFFAI has signed an MoU with the National Institute of Industrial Engineering (NITIE) with an objective of skilling the aspiring candidates looking for opportunities in the logistics sector. Notably, a special session was organised at this 6th EC Meeting where N Sivasailam, former Special Secretary (Logistics), Ministry of Commerce, Government of India was present to address the FFFAI members and highlight the recent initiatives of the government in strengthening the logistics infrastructure, thereby leading in increase of international trade through multimodal connectivity and faster cargo clearance. He projected the ambitious growth potential of the logistics industry in India with a strong collaboration between government and industry people. Also speaking on the occasion was Bani Bhattacharya, IRS, who interacted with members of FFFAI on various initiatives of CBIC for the trade facilitation without human intervention. FFFAI Chairman Shankar Shinde thanked all the 28 associations for their support and appreciated the contribution of CBIC/DG systems trade facilitation measures. FFFAI Member Associations are: 1. Ahmedabad Custom Brokers' Association2. Aurangabad Customs House Agents Association3. Association of Custom House Agents Thiruvanthapuram4. Bangalore Custom House Agents Association5. Brihnamumbai Custom Brokers Association6. Calcutta Customs House Agents Association7. Chennai Customs House Agents Association8. Cochin Customs Brokers' Association9. Coimbatore Customs House and Steamer Agents Association10. Custom Brokers Association Hyderabad11. Delhi Customs Brokers Association12. Goa Custom Brokers Association13.Indore Customs House Agents Association14. The Kakinada Customs Brokers Association15. Kandla Custom Brokers Association16. Kanpur Customs Brokers Association17. Ludhiana Customs House Agents Association18. Mangalore Customs House Agents Association19. Mundra Customs Brokers Association20. Nagpur Customs House Agents Association21. Nashik Customs House Agents Association22. Nadia Custom Brokers Association23. Pipavav Custom Brokers Association24. Pune Customs House Agents Association25. Rajasthan Customs House Agents Association26.Tuticorin Custom Brokers Association27.Visakhapatnam Cusotms Brokers' Association28.West Bengal Custom House Agents Society FFFAI welcomes Women in Logistics/Youth in Logistics to participate on FFFAI forums and also invites membership application form logistics service providers in industry as this is a big national and international forum to network.

Ecom Express unveils new brand identity

Ecom Express Limited, India’s sole pure-play B2C e-commerce logistics provider as of the Financial Year 2024, has introduced a new brand identity, underscoring its commitment to customer-centricity. This rebranding reflects a focus on addressing specific customer needs, prioritising customer-facing metrics, and integrating innovative technology across its nationwide express logistics network. The goal is to enhance speed, agility, and network reach, ensuring a customer-focused approach. The rebranding includes a dynamic logo and a refreshed visual identity, symbolising Ecom Express’s pursuit of excellence. The new logo features a forward-moving arrow within a square, representing the company’s dedication to delivery. The letter "E" in the logo stands for Expression, Innovation, and Progress, while the bold magenta colour signifies bravery, self-expression, and strength. This vibrant magenta reintroduction reflects Ecom Express's renewed commitment to customers, partners, and team members, as the company aims to simplify and democratise logistics for all. Ajay Chitkara, CEO and MD of Ecom Express, elaborated on the transformation, stating, “Our refreshed brand identity reaffirms our customer-first approach as we continue to integrate technology and innovation to provide reliable, high-speed services with the widest network reach. This transformation also underscores our commitment to our employees and delivery partners, who are essential to our business.” The new logo embodies Ecom Express’s dedication to its core values, focusing on customer welfare and fostering a diverse, inclusive environment. This rebranding signifies a promise to redefine logistics through advanced technology, making life easier for all types of customers.

ESR India inks MoU with Tamil Nadu Government to set up two industrial parks in the state

ESR India, the largest APAC focused industrial and logistics real estate platform, has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a potential investment of INR 550 crores. The MOU is signed for the launch of two industrial parks in Kancheepuram and Krishnagiri districts of the state over the next five years. Once fully operational, the two projects have the potential to create over 4,400 jobs in the facility, that shall boost the overall socio-economic growth in the region. The MoU was signed at the Investment Conclave 2021 conference held today. It will facilitate ESR India’s proposed investment at Kancheepuram and Krishnagiri industrial parks by helping in streamlining land acquisition, approvals, clearances, and administrative processes as per existing policies, rules, and regulations of the Government of Tamil Nadu. The policy and regulatory reforms unveiled in recent times has accentuated the entry of international institutional players and has set new benchmarks for industrial developments in the country. Commenting on the development, Abhijit Malkani, CEO and Country Head, ESR India said, “We are delighted to announce our affiliation with the state government. The Government of Tamil Nadu has been very supportive in encouraging industrial developments in the state by creating a favourable business climate for industrial players. The MoU will see ESR invest INR 550 crores to develop industrial parks in Tamil Nadu, offering 1,800 direct and 2,600 indirect job opportunities in the facility.” “Our goals are aligned with the vision of the Tamil Nadu government, to create avenues to increase business and trade inclusion opportunities and employment towards garnering better economic growth in the region,” he further stated. ESR India is currently present across 9 cities and 15 locations with a total GFA of 18 mn sq ft. These state-of-the-art facilities will be developed upholding the best practices for ESG and sustainability.

UP government invests Rs 7,064 crore in Dadri multi-modal logistics hub

The Uttar Pradesh government is set to develop a multi-modal logistics hub (MMLH) in Greater Noida’s Dadri, investing Rs 7,064 crore to support its $1 trillion economy goal. This hub will cover 823 acres, with a core development area spanning 455 acres. Key developments include commercial and administrative facilities over 17.5 acres, a rail yard, and other projects across 350 acres. Under Chief Minister Yogi Adityanath’s directives, a detailed action plan has been designed to expedite these initiatives. The Dadri MMLH aims to become a world-class freight handling facility, functioning as a dry port to ensure the swift transit of goods and raw materials. This project is poised to be India's largest logistics hub. Located on the eastern and western dedicated freight corridors, it will serve as a central hub for container handling, warehousing, cold storage, processing, de-stuffing, stuffing, and value-added packing. Providing seamless rail connectivity, the hub will feature rail platforms, customs clearance facilities, cargo segregation areas, truck parking zones, and extensive green spaces. The project is being developed under the Public-Private Partnership (PPP) model, supervised by the Greater Noida Industrial Development Authority and adhering to the guidelines of the National Industrial Corridor Development and Implementation Trust (NICDIT). The Greater Noida Industrial Development Authority has prepared the Master Detailed Project Report (DPR) for constructing the approach track and Rail Over Rail (ROR) bridge from New Dadri station to the MMLH boundary. The Dedicated Freight Corridor Corporation of India (DFCCIL) has approved the DPR for railway tracks and terminal stations within the MMLH. Additionally, the tender documentation for land acquisition and signaling processes for the approach track has been finalized. Concurrently, the development of trunk infrastructure, including boundary work, roads, canals, bridges, utility relocation, and water and power supply, is progressing through various phases.

Changi Airport to prioritise pharmaceuticals and e-commerce amid cargo constraints

Singapore’s Changi Airport is sharpening its focus on pharmaceuticals and e-commerce shipments to navigate constrained cargo capacity until planned expansion in the 2030s. According to Lim Ching Kiat, Executive Vice President of Air Hub and Cargo Development at Changi Airport Group, current facilities face mounting pressure due to growing regional demand, necessitating strategic tenant and cargo type management. E-commerce continues to be a key growth driver for air cargo globally, fueled by major players like Shein, Temu, and TikTok Shop. At the same time, Singapore is solidifying its position as Southeast Asia’s preferred pharmaceutical hub, attracting investments from global biopharma giants such as Thermo Fisher, Sanofi, BioNTech, and MSD. Looking ahead, Changi Airport plans to launch a second logistics park by the 2030s, aiming to increase its annual cargo capacity from 3 million tons to 5.4 million tons. The new free trade zone will further expedite cargo handling and redistribution. In 2024, Changi Airport reported handling 1.99 million tons of airfreight, a 14.6% rise from 2023, driven by robust cross-border e-commerce demand, improved trade routes with China and the U.S., and recovering electronics exports. Top air cargo markets included China, Australia, the U.S., Hong Kong, and India.

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Transworld Terminals launches state-of-the-art Logistics Park in Chennai

Transworld Terminals Private Limited announced the launch of its latest venture, Transworld Logistics Park in Chennai. Known for its robust infrastructure and connectivity, Chennai is strategically positioned with excellent highways, railways, airports, and some of India's busiest ports, making it an ideal location for Transworld's new business vertical. The Transworld Logistics Park boasts a state-of-the-art warehouse spanning 1,25,000 sq ft, equipped with modern features such as dock levelers, 24/7 CCTV surveillance, fire safety systems, well-paved internal roads, and ample parking space. Located just 2 km from the state highway and within 25 km of major ports like Ennore, Chennai, and Kattupalli, the facility offers a strategically positioned storage solution for customers. Since 2009, Transworld Terminals has been a key player in the container freight station business, providing top-notch infrastructure and handling services to EXIM cargo in India. The launch of the Logistics Park marks a significant milestone as the company diversifies into domestic cargo handling. Leveraging its extensive experience in international cargo management, Transworld Terminals aims to offer exceptional storage and service solutions to its domestic trade partners, strengthening its presence in the logistics industry. This new development underlines Transworld’s commitment to enhancing the logistics landscape and supporting India's growing trade needs with quality and efficiency.

Admin September 3, 2024 0

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The Bahamas signs landmark deal with Afreximbank for trade and logistics hub

The African Export-Import Bank (Afreximbank) has signed an agreement with the Government of the Commonwealth of The Bahamas to develop an Afro-Caribbean marketplace and logistics center on Grand Bahama Island. This project, located on the former grounds of the International Bazaar and Royal Oasis Tower and Casino, aims to feature 90 outlets selling authentic products from over 54 African countries, 20 Caribbean states, and 16 Bahamian islands. Additionally, a transshipment hub will be established to transform Grand Bahama into a significant trade and cultural hub. The agreement represents a significant milestone for The Bahamas, with Prime Minister and Minister of Finance Philip Edward Davis emphasising the project's role in fostering economic and cultural partnerships. Davis stated, “The Afro-Caribbean Marketplace and Logistics Center will position Grand Bahama as a beacon of international trade, creating a dynamic environment for growth and collaboration.” The project is anticipated to create jobs, enhance The Bahamas' strategic position in global maritime networks, and strengthen ties between African and Caribbean nations. It will also support the growth of small and medium-sized enterprises (SMEs) and promote cultural exchange. Afreximbank has provided a USD 1.86 million project preparation facility to fund essential pre-development activities, paving the way for further investments estimated at USD 50 million. Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank Group, highlighted the strategic importance of the investment. “It allows us to realise our vision of positioning the Caribbean as the transshipment hub for Africa’s trade with the Americas,” Oramah said. Ginger Moxey, Minister for Grand Bahama, echoed these sentiments, noting the project's potential to boost the local economy and strengthen ties with the African continent. “Grand Bahama is a resilient island and is poised to become a beacon of economic and cultural exchange,” Moxey said. The signing of the Project Preparation Facility with Afreximbank marks a transformative step for Grand Bahama Island, signaling a commitment to creating a vibrant hub for trade, culture, and innovation.

Admin July 3, 2024 0

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Transworld Terminals launches state-of-the-art Logistics Park in Chennai

Transworld Terminals Private Limited announced the launch of its latest venture, Transworld Logistics Park in Chennai. Known for its robust infrastructure and connectivity, Chennai is strategically positioned with excellent highways, railways, airports, and some of India's busiest ports, making it an ideal location for Transworld's new business vertical. The Transworld Logistics Park boasts a state-of-the-art warehouse spanning 1,25,000 sq ft, equipped with modern features such as dock levelers, 24/7 CCTV surveillance, fire safety systems, well-paved internal roads, and ample parking space. Located just 2 km from the state highway and within 25 km of major ports like Ennore, Chennai, and Kattupalli, the facility offers a strategically positioned storage solution for customers. Since 2009, Transworld Terminals has been a key player in the container freight station business, providing top-notch infrastructure and handling services to EXIM cargo in India. The launch of the Logistics Park marks a significant milestone as the company diversifies into domestic cargo handling. Leveraging its extensive experience in international cargo management, Transworld Terminals aims to offer exceptional storage and service solutions to its domestic trade partners, strengthening its presence in the logistics industry. This new development underlines Transworld’s commitment to enhancing the logistics landscape and supporting India's growing trade needs with quality and efficiency.

Admin September 3, 2024 0

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