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The Hindu
17-05-2025
- Business
- The Hindu
'Post ceasefire industrial, transportation activities resume in border States, labourers yet to return'
Industrial activity and goods transport which had been impacted in the Indian states bordering Pakistan into the build-up to Operation Sindoor and during the conflict as well as in the following days, has now resumed with the ceasefire in place but normalcy is yet to be restored in the workforce as labourers who had fled to their native States in eastern India are yet to return in large numbers, said Vineet Agarwal, Managing Director, Transport Corporation of India Ltd (TCI Ltd) that operates its truck fleet in the impacted area as well as nationally. 'We saw supply chains getting disrupted, factories got shut, warehouses got shut because of the blackouts. And then subsequently, we also saw some amount of labour movement that happened away from the northern part to back to their hometowns in the east,' Mr Agarwal said in an interview. 'We have also seen that dealers of automobiles not taken that much inventory since they knew that there's a little bit of uncertainty. So business momentum would have taken a little bit of a hit also because there is a certain amount of cancellations that might have happened for business trips, events, and so on,' he said. Stating that supply chains were disrupted for a little while, he said it should come back because the supply chains were not as tight as it was in the past. 'The impact on sentiment is a little bit more [than infrastructure], and that would take a little longer to come back,' he said. Emphasising that a lot of workers, both factory workers and manual labourers have started to come back already, he said people movement was 'definitely slower'. He said labour outflow was seen in Punjab, Haryana, and Rajasthan and the seasonal sowing could be affected if return of labour was delayed, but state governments were reportedly working on this. 'The situation is stabilizing, but it's too early to fully assess long-term impact on production,' he added. Mr. Agarwal said the overseas tension whether it is the Mideast crisis or whether the Ukraine conflict, were having an impact on shipping rates as well as availability of containers. 'So we have seen that persist for some time now, and that has had an impact on the shipping market. 'Overall, shipping market has seen rate hikes, which can be a mixed bag: beneficial for logistics providers, costly for consumers,' he said. Meanwhile due to the geopolitical tensions and trade war, warehouses rentals have surged 50% according to analysts and industry officials. Jitendra Srivastava, CEO, Triton Logistics & Maritime said, 'The increase in warehousing tenancies is a result of increasing demand as manufacturers and exporters turning to internal logistical operations.' 'Although these figures show strength in the market, they also put cost pressures on the market, compelling logistics providers to respond by optimizing space utilization and enhancing operational efficiencies,' he said. He said the priorities of the warehousing industry were also being transformed radically with this shift. 'Location has emerged as a strategic asset, leasing terms are becoming shorter, and Grade A and build-to-suit space demand is on the rise. Warehouses are becoming high-performance nodes that are designed for automation, speed, and adherence to international standards,' Mr Srivastava said. 'Cities like Chennai and Hyderabad are becoming powerful warehousing hubs as supply chains become more decentralized. Operators are adjusting to last-mile agility, modular designs, and multi-client models,' he said. 'In the meantime, multimodal infrastructure is being strengthened by policy support, such as concessional leasing of railroad land,' he added.
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Business Standard
02-05-2025
- Business
- Business Standard
Triton Logistics aims to grow turnover to ₹500 crore in 2 to 3 years
Triton Logistics & Maritime is aiming to increase its turnover to Rs 500 crore from the current Rs 150 crore in the next two to three years, its CEO Jitendra Srivastava said on Friday. "Triton is still in a very early stage. Right now, we're touching around Rs 150 crore in turnover. The aim is to scale this up to Rs 500 crore in the next two to three years," the CEO said. The company which specialises in freight forwarding, logistics, and global supply chain management with end-to-end solutions plans to scale up its turnover by investing into a lot of services and solutions, he said. "Our business plan is focused around two main pillars - geography and industry. On one hand, we are looking at which geographies we want to expand into, on the other hand, we are identifying industries where we can deliver tailored solutions," he explained. Apart from that, the company is putting a lot of effort into digitalisation and that's a major area where Triton Logistics & Maritime is investing heavily. "The goal is to stay close to the business and provide solutions that are driven by technology. That's a very significant part of our growth strategy," he said. There are three to four industries where the company is strategically focused, the CEO said. "Pharma and healthcare is one of them. Then we are also looking at automotive components and chemicals, both dangerous (DG) and non-dangerous (non-DG)," he said. The logistics needs of every product and every industry is different, and the company is customising its solutions accordingly. "The US is one of our strongest and most strategic Gulf is another strategic region for us," he said. Triton Logistics & Maritime delivers expertise in end-to-end logistics and supply chain services. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
