Date : 22 Sept 2018
Future Group to ramp up supply-chain
Kishore Biyani’s Future Group is ramping up its food and grocery supply chain, as this segment is set to be a battleground for global retailers, with Walmart buying Flipkart and Amazon eyeing stakes in grocery retailers. The country’s largest retailer plans to invest INR 500-800 crore in the next four years to create a nationwide food supply-chain network of refrigerated trucks and temperature controlled distribution centres (DCs) to eventually manage the entire supply through this network.
New supply chain scheme for farmers in Tamil-Nadu
A first-of-its-kind ‘supply chain management scheme’ being introduced in 10 districts in Tamil-Nadu will help farmers eliminate middlemen and fetch them the good prices for their produce and reach fresh fruits, vegetables and other perishables to the consumer.
With INR 398 crore funding from NABARD, the innovative scheme is to be introduced by the State Government in Krishnagiri, Coimbatore, the Nilgiris, Dharmapuri, Trichy, Dindigul, Salem, Tuticorin, Tirunelveli and Theni districts.
Assam’s Inland Water Transport: A Sorry State of Affairs
A mechanised country boat is capsized in North Guwahati leading to the deaths of many. The boat was carrying around 40 passengers and the accident left almost 20 passengers missing or dead. Heart wrenching news of young lives lost flooded the news channels. This incident is one of the latest of many which exposes the failure of the government in ensuring minimum safety of people travelling by water.
This, however, is not the first incident which saw an overcrowded boat being capsized. A few years back in 2012 another incident in Dhubri’s Medirtary saw the death of more than 200 people in a boat caught in a cyclone. The Inland Water Transport department has not been held responsible for such incidents. The country boats are run by private lessees with permission from Inland Water Transport department. The boats often carry passengers more than its capacity. In fact a large number of passengers are allowed to travel without tickets.
Truck and bus demand stays robust in August
Tata Motors, the country’s largest commercial vehicle maker, said its sales grew by 26 percent last month to 39,859 units as against 31,566 units sold in the same month previous year. Mahindra & Mahindra, India’s second largest commercial vehicle, posted 25 percent rise in commercial vehicle sales during last month at 20,326 units as against 16,303 units sold in the same month last year.
Chennai-based Ashok Leyland also clocked a healthy 27 percent growth in volumes to 17386 units as compared to 13637 units sold in same month last year. The joint venture company of Volvo and Eicher VE Commercial Vehicles reported the best growth of them all at 33 percent to 6069 units as compared to 4571 units. Domestic sales of the company grew by 27 percent to 4843 units.
Basmati rice exports face an uncertain outlook
Indian basmati rice exports face an uncertain export outlook after registering an impressive growth of 23 % and 14 % respectively during FY2018 and first four months of FY2019, according to ICRANSE -0.08 %.
As per an ICRA note released on Wednesday, certain adverse developments, materialised and impending, in some major export destinations could materially hurt the export demand for Indian Basmati rice, thereby exerting downward pressure on realisations across the chain. The tightening of pesticide residue parameters by the European Union (EU) has resulted in considerable decline in exports to this region (58% in volume and 40% in value over Jan – July period).
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