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Third-party Logistics Market in India to grow by USD 10 74 billion through 2025|Key Drivers, Trends, and Market Forecasts
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Allcargo to send oxygen concentrators by air to Maharashtra - The Hindu BusinessLine
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India’s warehousing boom creates winners in unexpected corners
Photo: Bloomberg
April 14, 2021
Every day, Shiv Kumar sets out to work on his new Hero Splendor from Patherheri village in Haryana’s Gurugram district toward Tauru Road a long stretch just off the National Highway 48. Over the last few years, the road surrounded by fields of wheat, jowar, bajra and mustard has slowly metamorphosed into a warehousing hub, thanks to the e-tailing boom.
Kumar saved up over the last three years to buy the bike. Savings entered his vocabulary after he started working with Mahindra Logistics Ltd, a third-party logistics (3PL) provider. He is a “picker”. He picks brown boxes from pallets stored inside the warehouse and loads them onto trucks for shipment. The job isn’t fancy, but it is a key position in the serpentine e-tail logistics chain. And it has changed Kumar’s life many times over.
Gati-KWE, a unit of Allcargo Logistics Ltd, will open its largest Surface Transhipment Centre (STC) spread over 1.5 lakh sq ft in Delhi in June.
The facility will be built on space taken from Allcargo Logistics’ 1.8 million sq ft logistics park at Farukh Nagar. Located on Western Peripheral Expressway in Delhi, the tech-enabled STC will offer superior transit time, accuracy in cargo delivery and high locational advantage of access to all major national highways.
The STC will help Gati-KWE consolidate its logistics operations on the outskirts to decongest the city. It will have the capacity to process cargo for short-haul deliveries in North India and long-haul movements.
February 16, 2021
Rohan Mittal, Chief Financial and Transformation Officer, Gati Ltd×
Move aimed at focussing solely on the core business of surface express logistics Express logistics company Gati Ltd majority owned by Allcargo Logistics Ltd has accelerated debt reduction by selling non-core assets to focus solely on its core business of surface express that includes road and air transportation.
Over the last few months, Gati has reduced its debt by 70 per cent in the standalone entity, shut down three non-profitable businesses, reduced direct costs by about 15 per cent in its flagship subsidiary and initiated monetisation of non-core assets.
Making full use of the tax amnesty scheme launched by the Centre, Gati has reduced its contingent liabilities by more than 75 per cent. The company has also shut down its freight forwarding business, Gati Cargo Express (Shanghai) Co Ltd and Gati Import Export Trading Limited.
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