ECU Worldwide appoints Jitesh Shetty as global head of ECU 360
In this role, he will report to Vaishnav Shetty, chief digital officer of the Allcargo Group. 10 Feb 2023 ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary, announced that it has appointed Jitesh Shetty as global head of ECU 360 effective immediately. “Jitesh will spearhead major strategy and technical shifts for the company’s digitalplatform, and to […]
Infra rush. EAC recommends CRZ clearance for the Chennai port to Maduravoyal elevated road project
The ₹5,721 crore project will help in speedy movement of cargo from and to the Chennai port. The Expert Appraisal Committee (EAC) of the Union Ministry of Environment and Forests has recommended the proposal for the development of the new four-lane elevated road from Chennai Port to Maduravoyal (NH-4) for Coastal Regulation Zone (CRZ) Clearance. […]
5 logistic & transportation companies with “strong buy” and “buy ratings that can offer up to 35% returns
Logistics companies have two tailwinds, one an overall economic growth and second, a very specific growth which is coming due to rising share of e-commerce companies in overall trade and commerce. A third one would be getting added soon, state elections in coming quarters and given the fact that in order to push growth, some […]
Union Budget should create road map for sustainable growth in logistics sector: Industry
The upcoming Union Budget should not only create a roadmap for sustainable growth in the logistics sector but also incentivise the industry to adopt sustainable practices, operators said on Thursday. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1. FedEx Express Senior Vice-President Middle East […]
National Logistics Policy – Laying the Groundwork for Future
India ranked 44th on the World Bank’s Logistics Performance Index (LPI), which was last published in 2018. Notably, India’s $200 billion logistics sector has always remained in the shadows when it came to supportive policies and getting the government’s attention. However much of that changed, when the National Logistics Policy was launched on the 17th […]
The Importance of Logistics in GDP Growth
Logistics forms the backbone of every industry in our country. The sector takes over one of the major responsibilities, transportation of goods and in turn, generates employment and contributes to economic growth. Ranging from agriculture, pharmaceuticals and transportation to e-commerce, medical or manufacturing, logistics holds a prominent position in all markets. In today’s times of […]
