Latest news with #LogisticsShakti
Economic Times
26-04-2025
- Business
- Economic Times
Former president Kovind calls IMEC bridge between civilisations
Former president Ram Nath Kovind has called the India Middle East Europe Economic Corridor (IMEC) not just a trade route, but a bridge between civilisations. Addressing the SCM Middle East Conclave and Awards 2025 in Dubai, Kovind said as the world becomes increasingly interconnected, partnerships like these not only foster economic growth but also unite us in purpose and progress. "India, once seen as a developing nation, now stands tall as a global growth engine - leading in technology, diplomacy, and innovation. Let us shape our destinies together, driven by the spirit of Vasudhaiva Kutumbakam - the world is one family," he said. Hosted by Logistics Shakti, the event convened over 400 industry leaders, including top CEOs, CXOs, investors, and policymakers from India, the UAE, and across the IME Corridor. Notably, shipments from India to mainland Europe via the IMEC are projected to arrive nearly 40 per cent faster and at 30 per cent lower cost compared to the traditional Suez Canal maritime route, underscoring the corridor's transformative impact on global trade efficiency. The two-day conclave featured keynote addresses from eminent dignitaries, who shared insights on the challenges and opportunities facing global supply chains, while underscoring the importance of collaboration and innovation in building resilient, sustainable trade ecosystems. Highlighting the UAE's commitment to leveraging technology to drive efficiency and sustainability in global trade, Abdullah Ahmed Al Saleh, under-secretary of the Ministry of Economy, said the UAE stands at the nexus of a global economic transformation, where technology, innovation, and strategic partnerships are redefining the future of trade. "Our record-breaking non-oil foreign trade of USD 815 billion in 2024 reflects not just economic resilience, but our commitment to tech-enabled, inclusive growth. Through the Trade Tech Accelerator, CEPA, and the transformative India-Middle East-Europe Corridor, we are building faster, greener, and more agile supply chains." "Our vision is powered by AI, blockchain, and automation to enhance transparency, efficiency, and sustainability across trade routes. Together with India, we are shaping a smarter, more sustainable trade ecosystem that delivers long-term prosperity for our nations and the region," he said. Meenakshi Lekhi, former minister of state for external affairs, said the IMEC corridor is not a challenge to existing routes like the Suez Canal, but an essential alternative, like a fire escape that ensures continuity when conventional paths falter. "From India to the UAE, Saudi Arabia, and beyond, this multimodal network integrates land, sea, and rail, offering faster, more cost-efficient, and secure connectivity. The corridor exemplifies strategic cooperation and resilience, highlighting that economic prosperity is inseparable from regional security," she said. The SCM Middle East Conclave and Awards 2025 successfully reinforced the region's role as a key global trade hub, setting the stage for enhanced collaboration, innovation, and sustainable growth in the logistics and supply chain sectors.
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Dubai Summit spotlights IMEC as a global model for innovation and integration
The SCM Middle East Conclave & Awards 2025 concluded today in Dubai, establishing itself as a powerful platform for redefining the future of global logistics, trade, and supply chain resilience. Organised by Logistics Shakti, the two-day event drew over 400 influential stakeholders, including global CEOs, CXOs, investors, and policymakers from India, the UAE, and the broader India-Middle East-Europe (IME) Corridor. Gracing the occasion as chief guest was former president of India Ram Nath Kovind, alongside Abdullah Ahmed Al Saleh, undersecretary of the Ministry of Economy, UAE, as guest of honour. Their presence, along with other eminent dignitaries, underscored the event's strategic importance in advancing regional and global trade partnerships. One of the most anticipated discussions centered on the India-Middle East-Europe Economic Corridor (IMEC), which promises to revolutionise trade efficiency. Notably, shipments from India to mainland Europe via the IMEC are projected to be delivered nearly 40% faster and at 30% lower cost than the traditional Suez Canal route, reinforcing the corridor's game-changing potential. Speaking at the conclave, Ram Nath Kovind remarked, "It is a privilege to be part of the SCM Middle East Conclave 2025 in Dubai—a city that embodies global dynamism. The India-Middle East-Europe Economic Corridor is more than a trade route; it is a bridge between civilisations and a promise of shared prosperity. As India emerges as a global growth engine, let us move forward together in the spirit of Vasudhaiva Kutumbakam—the world is one family." Highlighting the UAE's vision for sustainable and technology-driven trade, Abdullah Ahmed Al Saleh said: "The UAE stands at the crossroads of a global economic transformation, powered by innovation, AI, and strategic alliances. Our record-breaking $815 billion in non-oil foreign trade in 2024 is a testament to our commitment to building inclusive, tech-enabled supply chains. Through initiatives like the Trade Tech Accelerator and CEPA, and with transformative projects such as the IMEC, we are creating agile and transparent trade networks that will shape the future of global commerce." Meenakshi Lekhi, former Minister of State for External Affairs, Government of India, added powerful insights on the strategic relevance of the corridor, stating, "The IMEC is not a competitor to traditional routes, but a vital alternative — a fire escape ensuring continuity in uncertain times. It is a beacon of cooperation, resilience, and regional security. Built not just on infrastructure but also on trust and streamlined processes, this initiative symbolises the evolution of global connectivity." These sessions provided in-depth perspectives on the challenges and opportunities shaping the logistics sector, while emphasising the transformative role of collaboration and innovation. The highlight of the conclave was the SCM Awards 2025, which honoured individuals and organisations for excellence, innovation, and leadership in supply chain management. The awards celebrated milestone achievements that are setting new benchmarks in the industry. Commenting on the success of the event, Kamal Narayan Omer, co-founder and director of Logistics Shakti, said: "The SCM Middle East Conclave and Awards is not just an event—it's a movement towards building a smarter, more connected, and resilient global supply chain ecosystem." Amit Shankhdhar, co-founder and director of Logistics Shakti, echoed the sentiment, stating: "This conclave has served as a vital platform for leaders to co-create the future of global supply chains. With a strong focus on the IME Corridor, we are exploring new possibilities for trade, connectivity, and economic integration."
Khaleej Times
18-04-2025
- Business
- Khaleej Times
SCM Middle East Conclave in Dubai to spotlight on India-Middle East-Europe corridor
As the proposed India-Middle East-Europe Economic Corridor (IMEC) promises to transform the global supply chain ecosystem, Logistics Shakti, an Indian think tank dedicated to advancing global logistics and supply chains, is set to host the SCM Middle East Conclave & Awards 2025 in Dubai on April 23-24, 2025 focusing on the new trade route. The conclave, bringing together more than 300 top professionals from various verticals of the logistics industry from across India, the Middle East, North Africa, and Europe, will spotlight IMEC, examining its transformative role in reshaping global trade routes, optimising logistics networks, and strengthening economic ties. The mega event at the Grand Hyatt, Dubai will have the august presence of Ram Nath Kovind, former president of India, as the chief guest, and Abdullah Ahmed Al Saleh, undersecretary of the Ministry of Economy UAE as the guest of honour. The participants and speakers of the programme include top CEOs, CXOs, investors, and policymakers from India, the UAE, and across the IME Corridor. Serving as a catalyst for innovation and collaboration and reinforcing the Middle East's role as a key global trade hub, SCM Middle East Conclave will feature key sessions such as "Pioneering Connectivity: Unlocking the Potential of the IME Corridor," "Building Sustainable, Resilient and Profitable Supply Chains," and "Bharat Mart: Unlocking Global Markets and Strengthening India-UAE Synergies." The event will feature prominent industry stalwarts including Ramesh S Ramakrishnan, chairman of Transworld Group, and Siddharth Balachandran, CEO of Buimerc Corporation and chairman of IBPC Dubai, will set the tone for the conclave, offering strategic perspectives on regional growth, trade integration, and cross-border collaboration. They will be joined by a stellar lineup of thought leaders such as Abhishek Bansal, Co-Founder and CEO of Shadowfax; Dr Raman Kumar, managing director of Al-Futtaim Logistics; Suresh Vaidhyanathan, CEO of Ghassan Aboud Group; Samrat Sehgal, global supply chain head at Dabur; and Ramesh Mamidala, head of cargo at Tata Air India, who will share deep insights on building agile, resilient, and connected supply chain ecosystems. Kamal Narayan Omer, co-founder and director of Logistics Shakti, shared valuable insights on the significance of the event, stating: "The SCM MIDDLE EAST Conclave and Awards 2025 is more than just a platform, it is a movement towards a more connected, efficient, and resilient global supply chain. Aligned with the spirit of G20 hosted in India which brought global leaders together to advance sustainable and resilient economic frameworks, this event will drive meaningful conversations, recognize industry excellence, and foster collaborations that redefine logistics and trade. As we explore the transformative potential of the IME Corridor, we look forward to engaging with leaders who are shaping the future of global commerce." In the same vein, Amit Shankhdhar, co-founder and director of Logistic Shakti stated: "This event serves as a crucial platform for industry leaders to collaborate, innovate, and drive the future of global supply chains. With a strong focus on the IME Corridor, we aim to explore its potential in redefining trade routes and enhancing connectivity. The discussions, insights, and recognitions at this forum will play a vital role in shaping a more efficient, resilient, and sustainable logistics ecosystem worldwide." The SCM Awards are a prestigious recognition of excellence in logistics and supply chain management, celebrating innovations that enhance industry standards and efficiency. The awards ceremony will spotlight organisations and professionals who exemplify leadership, performance, and creativity in supply chain operations. The event will also celebrate recognition and excellence, honoring organisations and individuals who demonstrate outstanding performance, innovation, and leadership in supply chain management. These awards will showcase groundbreaking achievements that set new industry benchmarks.
Zawya
08-04-2025
- Business
- Zawya
Logistics Shakti to host SCM Middle East Conclave in Dubai
Shri Ram Nath Kovind, Honourable Former President of India, will be the esteemed Chief Guest. The conclave will unite logistics leaders, investors, experts, and policymakers from IME Corridor nations. The IME Corridor is poised to boost the economies of participating nations by streamlining trade logistics, creating jobs, and fostering a robust business ecosystem. Dubai: As Prime Minister Narendra Modi champions the India-Middle East-Europe Economic Corridor (IMEC) on the global stage, recently meeting with European Commission President Ursula von der Leyen and reviewing progress with French President Emmanuel Macron, Logistics Shakti, an Indian think tank dedicated to advancing global logistics and supply chains, is set to host the SCM Middle East Conclave & Awards 2025 in Dubai on April 23-24, 2025 focusing on the new trade route. The conclave, bringing together more than 300 top professionals from various verticals of the logistics industry from across India, the Middle East, North Africa, and Europe, will spotlight IMEC, examining its transformative role in reshaping global trade routes, optimizing logistics networks, and strengthening economic ties. The mega event that will be hosted at the Grand Hyatt, Dubai will have the august presence of Shri Ram Nath Kovind, Hon'ble Former President of India, as the Chief Guest, and H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy UAE as the Guest of Honour. The participants and speakers of the program include top CEOs, CXOs, investors, and policymakers from India, the UAE, and across the IME Corridor. Serving as a catalyst for innovation and collaboration and reinforcing the Middle East's role as a key global trade hub, SCM Middle East Conclave will feature key sessions such as "Pioneering Connectivity: Unlocking the Potential of the IME Corridor," "Building Sustainable, Resilient and Profitable Supply Chains," and "Bharat Mart: Unlocking Global Markets and Strengthening India-UAE Synergies." Esteemed speakers including Abhishek Bansal, Co-Founder and CEO of Shadowfax, Dr. Raman Kumar, Managing Director of Al-Futtaim Logistics, Suresh Vaidhyanathan, Chief Executive Officer of Ghassan Aboud Group, Samrat Sehgal, Global Supply Chain Head at Dabur, and Ramesh Mamidala, Head of Cargo at Tata Air India, will share in-depth insights on how to leverage this trade route to enhance connectivity and address key industry challenges. Kamal Narayan Omer, Co-founder & Director of Logistics Shakti, shared valuable insights on the significance of the event, stating: "The SCM MIDDLE EAST Conclave and Awards 2025 is more than just a platform, it is a movement towards a more connected, efficient, and resilient global supply chain. Aligned with the spirit of G20 hosted in India which brought global leaders together to advance sustainable and resilient economic frameworks, this event will drive meaningful conversations, recognize industry excellence, and foster collaborations that redefine logistics and trade. As we explore the transformative potential of the IME Corridor, we look forward to engaging with leaders who are shaping the future of global commerce.' In the same vein, Amit Shankhdhar, Co-founder and Director of Logistic Shakti stated: 'This event serves as a crucial platform for industry leaders to collaborate, innovate, and drive the future of global supply chains. With a strong focus on the IME Corridor, we aim to explore its potential in redefining trade routes and enhancing connectivity. The discussions, insights, and recognitions at this forum will play a vital role in shaping a more efficient, resilient, and sustainable logistics ecosystem worldwide.' The SCM Awards are a prestigious recognition of excellence in logistics and supply chain management, celebrating innovations that enhance industry standards and efficiency. The awards ceremony will spotlight organizations and professionals who exemplify leadership, performance, and creativity in supply chain operations. The event will also celebrate recognition and excellence, honoring organizations and individuals who demonstrate outstanding performance, innovation, and leadership in supply chain management. These awards will showcase groundbreaking achievements that set new industry benchmarks. The SCM MIDDLE EAST Conclave and Awards 2025 stands as a pivotal event, bringing together global leaders to shape the future of supply chain and logistics. Set against the backdrop of the Indian Prime Minister's Gati Shakti initiative, Logistics Shakti is dedicated to revolutionizing the sector by fostering innovation, enhancing infrastructure, and driving operational efficiencies. About Logistics Shakti: A joint initiative by IHW Media and Million Minds Management Consultancy, Logistics Shakti is a transformative initiative committed to revolutionizing India's logistics sector by enhancing infrastructure, streamlining supply chains, and driving economic growth. Aligned with Gati Shakti, it leverages cutting-edge technologies and strategic partnerships to optimize connectivity, boost employment, and unlock business potential. By making logistics a catalyst for progress, Logistics Shakti aims to build a more resilient and efficient ecosystem, fueling India's global trade ambitions. IHW Media: IHW Media Private Limited is an industry collaboration catalyst that specializes in creating high-impact advocacy and networking platforms, initiatives, and campaigns. The organization is driven by the mission of fostering growth across industries and nations, with the overarching goal of contributing to the achievement of sustainable development goals (SDGs) for the betterment of humanity. IHW Media works closely with key sectors, including healthcare, sustainability, logistics, and skilling, among others. Through the development of meaningful and impactful campaigns, IHW Media partners with governments and industries to help them achieve their objectives, creating lasting positive change and driving progress across various sectors. Million Minds Management: Million Minds Management Ltd provides end-to-end logistics solutions, manpower outsourcing, and training. Headquartered in Ghaziabad, the company connects top professionals with aspiring talent, enhancing workforce efficiency in the logistics sector. With customized solutions in warehousing, transportation, and supply chain management, Million Minds drives productivity, innovation, and strategic growth.
