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Friday,05-March-2021

Business

Delhi-Bareilly flights to begin from March 8

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Delhi-Airport

The civil aviation sector of Uttar Pradesh is set to get more wings with the commencement of flight operations from the newly constructed Bareilly airport.

Under the Centre’s flagship regional connectivity scheme (RCS), flights are scheduled to be operated by Alliance Air between Bareilly and Delhi from March 8, every Wednesday, Friday, Saturday and Sunday.

The airline will also begin two flights from Prayagraj connecting Delhi and Bilaspur, from March 1 under RCS.

The flights would operate on Monday, Wednesday, Friday and Sunday. In both cases, the airline would be using ATR 72 aircraft.

Bareilly would be the eighth airport in the state to get functional after the ones in Lucknow, Varanasi, Gorakhpur, Kanpur, Hindon, Agra and Prayagraj.

Civil Aviation Secretary Surendra Singh said the state government has spent around Rs 83 crore on construction of a civil enclave in Bareilly. This is apart from the around 35 acres of land which has been made available to Airports Authority of India (AAI) free of cost and Rs 9.8 crore for ensuring dedicated power supply, he said.

Sources in the civil aviation department said that IndiGo Airlines has also sent a team to Bareilly to conduct an assessment to operate flights.

“The area is largely unserved despite having many tourist places nearby,” a senior official in the department said.

The area also has several industrialists who seek flights to reach business centres like Delhi and Mumbai.

Sources said that the demand for these facilities had been pending for long but neither the district administration nor the previous state governments had paid heed.

Since air connectivity is being provided under RCS, the state government would give a number of sops to the airline including viability gap funding, free electricity up to 4,000 units, waiver on VAT on aviation turbine fuel (ATF) for 10 years and security and fire services.

The state government would also provide road connectivity, bus services and ambulance services.

Business

Man whose SUV with gelatin sticks was parked near Ambani home found dead

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Thane-based-businessman

In an intriguing development, police have recovered the body of a Thane-based businessman whose stolen SUV with 20 gelatin sticks was found parked near Antilia, the iconic home of Reliance Industries Ltd. Chairman Mukesh Ambani, officials said here on Friday.

The body of Mansukh Hiren — who had reported his Scorpio SUV as stolen from north-east Mumbai earlier — was fished out of the marshes adjacent to the Thane Creek near Mumbra town.

Reported missing by his family, the police recovered his body around 10.30 a.m. on Friday from Reti Bunder Road near Thane Creek.

Tentatively suspecting it to be a suicide, the Naupada Police has registered an accident death report and is investigating the matter, said officials.

Hiren’s SUV was found on the afternoon of February 25, along with 20 gelatin sticks and a purported threat letter typewritten in broken English, sending shock waves through the country’s corporate and political circles.

The suspiciously parked SUV, which belonged to the deceased Hiren, was apparently left there in the wee hours of February 25 and was detected only after around 12 hours by some locals who alerted the Mumbai Police.

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Business

FarEye acqui-hires logistics tech start-up PY Technology

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Logistics management startup FarEye on Friday said that it has acqui-hired logistics technology startup PY Technology in a bid to scale customer implementation as well as incubate new ideas.

The financial transaction details were not disclosed.

PY Technology, earlier known as PRTouch, was founded by Jignesh Vasani in 2012.

He will be joining FarEye as Vice President, Professional Services, the company said.

Vasani is an entrepreneur and a leader with over 20 years of experience in building blocks aiming towards solving real-life problems.

“I would like to welcome Jignesh and his team on behalf of all of us in this exciting journey to empower brands and carriers globally to deliver better,” Kushal Nahata, CEO and Co-founder FarEye, said in a statement.

FarEye said an increase in online orders and brands building up direct-to-customer channels is accelerating demand that will drive the company’s projected growth of 2.4x in FY20-21, with the US being the fastest growing market for the company.

The company recently announced that in order to capitalise on the unprecedented demand from retailers and logistics and transportation organisations to scale their direct-to-home deliveries, it will hire 100 technology professionals in India and North America in 2021.

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Business

Government plans to create world-class storage system

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In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and standardisation of warehouses complying with the requirements of the Warehousing Development and Regulation Authority (WDRA).

A sure and silent change is sweeping the country which is going to help the farmers in a big way and these changes will not only strengthen post-harvest supply chain but will also improve the returns to farmers in many ways, said sources in the Food Ministry.

Department of Food & Public Distribution has pushed for an ambitious plan through Food Corporation of India (FCI) for the development of about 100 silos with capacity of 35.875 LMT (Lakh Metric Tonnes), which will be road fed and will work on ‘Hub and Spoke’ model. A road map of the same is already in place and work has started in all sincerity, said the sources.

Hub and Spoke model will be efficient and complexities related to land acquisition for rail siding silos are bypassed since road fed silos, near to procurement areas will help in direct bulk grain procurement from farmers, reduced turn-around times for farmers and quick intake and offtake of food grains.

Incentives at various stages of the project have been incorporated in the bid documents for Hub and Spoke to attract private investment. These in-build incentives shall incentivise the Concessionaire to expedite project implementation in an efficient manner.

A world class storage system in the country would need standardisation of all the warehouses under various undertakings and an integrated warehouse management.

In an endeavour to ensure high standards of warehouse construction and maintenance, registration of all warehouses of Central Warehousing Corporation (CWC) and Food Corporation (FCI) with the WDRA has already commenced with the deadline of April 30 for completion of registration, said a senior official.

Around 161 CWC warehouses have already been registered and the remaining 178 will be done by March 31, the official added.

Registration fees, security deposit and net worth conditions have been reduced for warehouses and staggered slabs, linked to capacity introduced to promote registration for small farmers, cooperatives, small warehouses businesses etc.

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