Warehousing News
MustGrow Biologics secures patent for fumigation of stored vegetables and grains
Canada based MustGrow Biologics Corp., has announced the exclusive patent licensing from the University of Idaho pertaining to a natural bio pesticide mustard-based treatment of stored produce and other foods, particularly sprout suppression of potatoes. Post-harvest sprout suppression...Read more
Arya Collateral & AICIL jointly launches parametric insurance for agri-warehouses
Post-harvest solutions provider Arya Collateral has partnered with public sector undertaking Agriculture Insurance Company of India (AICIL) to launch a weather-based parametric insurance product for agricultural warehouses in the country. The product will protect professional warehouse opera...Read more
Agri-Infra fund will unlock agricultural potential: Home Minister
Amit Shah, Union Home Minister expressed his gratitude to Prime Minister Narendra Modi for launching the Rs 1,00,000 cr ‘Agriculture Infrastructure Fund’ and for transferring Rs 17,000 cr to the accounts of 8.5 cr farmers under the ‘PM-Kisan’ scheme for the development of agriculture sector...Read more
Tata Steel launches smart warehouse for onion storage
Nest-In, Tata Steel’s modular construction solutions brand, has launched a revolutionary onion storage solution ‘Agronest’ that is aimed at reducing spoilage of the onions to half of its current level. This is a first-of-its-kind smart warehouse for onions developed with scientific backing and l...Read more
Snowman Logistics records revenue of Rs 55.12 crores in Q1 FY 20-21
During the quarter ended June 30, 2020, Snowman Logistics Ltd recorded a Revenue of Rs 55.12 Crores against Rs 62.07 Crores in Q1 FY19-20. The decline in revenue was attributable to the disruption in road transport due to migration of drivers, however the warehousing occupancy of the company increa...Read more
FICCI webinar dissects Govt's agricultural market reforms
At a recently concluded webinar by the Federation of Indian Chambers of Commerce and Industry, FICCI entitled, ‘Opportunity to reinvent Agriculture @Policy Reforms’, saw leaders discuss the pros and cons of the three ordinances that were recently introduced by the GoI to usher in major agricultur...Read more
Rwanda focuses on sustainable cooling & cold chain
A new African Centre of Excellence for sustainable cooling and cold chain based in Kigali will help get farmers’ produce to market quickly and efficiently thereby creating jobs, reducing food waste and increasing profits. It has been inspired by the University of Rwanda’s existing Africa Centre of Exce...Read more
Snowman Logistics expands more warehousing capacity with GDL & ALL
Gateway Distriparks (“GDL”) and Adani logistics Limited (“ALL”) have resolved their disputes mutually in context to Snowman Logistics share purchase by Adani Logistic Limited. Gateway Distriparks Limited (“GDL”) had initiated arbitration proceeding against Adani ...Read more
Haryana Govt to register FPO's warehouses on e-NAM platform
The Haryana government is determined to integrate packhouses /warehouses on the e-NAM platform of the Government of India. e-NAM (National Agriculture Market) is an electronic trading portal that forms a network of APMC mandis to create a single market for agricultural commodities. The government has decided to in...Read more
Govt includes Snowman Logistics under “Essential Services”
As per regulation 30 of LODR, the business of Snowman Logistics Limited (Snowman) is considered under the ‘essential services’ category as per the Ministry of Home Affairs (MHA), and accordingly all the warehouses of the Company are functional and fully operational. The Company remains committed to pro...Read more
Agri-supply chain startup Ergos Bags $5 Mn from Aavishkaar Capital
Bengaluru-based agritech startup Ergos has raised INR 35 Cr ($5 Mn) in a Series A funding round from Aavishkaar Group’s equity investment arm Aavishkaar Capital. The Series A funding was expected to be a ₹100-crore round with an Aavishkaar Capital Limited Partner and a technolog...Read more
Snowman Logistics ramps up operations to meet home delivery demand amidst the lock down
Snowman Logistics has announced that the company is running their operations 24x7 as cold storage warehousing and transportation are under essential services notified by the Government of India to meet the demand for home delivery of food, medicines and essential goods amidst the lockdown. Th...Read more