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Major ports to board new port law from November 3
November 2nd, 2021 by

Structural reform designed to help major ports compete with private ports and check diversion of cargo

The Centre-owned 11 major port trusts will start afresh under a new law from Wednesday, allowing them to shed decades-old baggage that was an impediment to growth and help them compete with modern, private ports on the back of greater operational freedom including market pricing of services.

The Major Port Authorities Act was passed by Parliament in February and notified in the gazette on February 18, but was waiting for the ministry of ports, shipping, and waterways to frame the rules for implementation. The rules have now been finalized and the new law will take effect from November 3, government officials said.


TYPES OF WAREHOUSES FOR ECOMMERCE
November 2nd, 2021 by

For online businesses, eCommerce warehousing is not just a storage space but also an integral part of order fulfillment. Having the right eCommerce warehouse can be the key to making or breaking your success as an online business. Therefore, choosing the right one for your business is crucial. 

There are mainly 8 types of Warehouses for Ecommerce industry:

  1. Public Warehouses-As the name suggests these types of warehouses are owned by governmental bodies but are made available to the private sector.
  2. Private Warehouses-These are privately owned by the wholesalers, manufacturers or distributors.
  3. Bonded Warehouse– Bonded warehouse is a dedicated portion of a facility where imported goods are stored before the customs duties or taxes are being paid.
  4. Smart Warehouses-

DHL Express to invest ₹200 crores in expanding Bengaluru hub
October 29th, 2021 by

Says it is seeing a significant uptick in its business

DHL Express (DHLE), a leading Express logistics service provider says its business has crossed pre-pandemic levels. RS Subramanian, MD, and Senior VP, DHLE said that while between April and May there was a slowdown when the Covid wave as its peak, the last three to four months there has been a sharp rebound.

Stating that overall growth was good, DHLE said that it is seeing logistics demand picking up from quite a few industries including engineering, automation, e-commerce, life sciences and pharma, fashion with both small and medium enterprises (SME), as well as large companies participating in it.



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