D Dhanavel, General Manager of projects at Sterlite Industries (India) informed that the firm exercised force majeure on purchases of copper concentrates, the base material used by the plant. The company took this move following the recent closure of its smelter plant in Tamil Nadu after complaints of a gas leak
Category: Warehousing & Logistics
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Accelerate deliberations
While it is essential for policymakers to further accelerate deliberations on the issues to ensure early implementation, other stakeholders such as service providers, users and industry bodies should also come together to prepare a road map in advance,
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Indian 3PL market is set to grow tremendously over next 5-7 years
The next decade or so will see India becoming efficient in managing its logistics cost as the need for world class logistics increases with the expected growth in the economy
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Logistics: Driven by imponderables
Logistics sector and logistics costs are largely driven by many imponderables that occur in the global, national, and regional canvas. Therefore, it will be wrong on our part if we generalise issues and arrive on conclusions
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Accord industry status to logistics: Experts
Lack of coordination between the various government agencies that are involved in the road/highway construction business and improper policy initiatives hamper the prospects of roads sector, experts feel.
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Winning edge
Yogesh Dhingra, Chief Operating Officer and Finance Director, Blue Dart Express, was awarded the 'CFO 100 Roll Of Honour 2013' at a glittering ceremony held at The President on 21 March 2013, Mumbai.
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Gateway’s ICD may start operation soon
The Inland Container Depot (ICD) of Gateway Distriparks at Faridabad may commence operations in first quarter of 2013-14. This will add volumes to the rail business of the company in future. In addition, the company is expanding its presence in the cold chain business. It plans to increase its pallet capacity in the cold chain business by 40 percent by the end
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First foreign container vessel arrives at Beypore
The arrival of the first foreign container vessel at Beypore port bolstered the confidence of cargo dealers and stakeholders, said Abraham V Kuriakose, port officer. A container vessel, MV Karuthal of Trans Asia, with 1,600 metric tonne capacity arrived at the port recently on its way to Kochi from Jebel
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HZL looks for logistics provider
Hindustan Zinc (HZL), which has a 1 million tonne of metal production capacity, caters to 85 percent of the country's zinc market.
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LCL strengthens presence in India
Jaison George, Director of Logistics at LCL Logistix remarked that the new Haldia container freight station (CFS) is the next milestone of the company's journey into total logistics and supply chain management solutions. LCL Logistix, which is the Indian member of the FPS network of independent forwarders and NVOCCs, is aggressively strengthening its presence in the value chai