Skip to content
Search

Latest Stories

Indian Ports Association Appoints Tech Mahindra as Managed Service Provider for Five Major Ports

As part of its efforts to promote ease of doing business through digital transformation and build a world-class port infrastructure in the country, the Indian Ports Association (IPA) has appointed Tech Mahindra as the managed service provider for the five major ports at Mumbai, Kolkata, Chennai, Deendayal Port, and Paradip Port Trust.

This initiative is a major step towards integrating the maritime sector and fostering growth and development of major public sector ports in the country.


Tech Mahindra is partnering with world-class leading players like SAP, Envision, CISCO, Dell, RTCom, and other major players. IPA has hired global consultancy services firm Ernst Young to assist in conceptualizing Port-EBS and support IPA and ports in the implementation of this transformational initiative, said India’s Ministry of Shipping in a release.

The proposed enterprise business system will comprise of three core solution components - port operations solution, standard ERP solutions, and auxiliary solutions. It would tightly integrate with port community system (PCS) and other retained applications of ports, enterprise business standard processes and shared infrastructure on the cloud, making it next generation modern system which will serve ports purpose in coming years.

The system would be driven by transparent, simple and error-free business processes, easily measured by clearly defined key performance indicators, use the latest technology to achieve strategic business objectives and integrate seamlessly with prevalent systems and devices.

The solution proposes a cafeteria approach for ports, which allows them to select the systems that they want to be implemented as per their needs. This model enables minimal efforts in a seamless manner if new ports opt to join the system in near future.

The project implementation and stabilisation period are 20 months and operations and maintenance support are for 5 years.

The five major port trusts, Mumbai Port Trust, Kolkata Port Trust, Chennai Port Trust, Deendayal Port Trust, and Paradip Port Trust have come together in this collaborative effort towards building a common shared platform for modernization and automation of port processes. The key benefits from the system in port and shipping sector include:

--Improve India’s ranking in Ease of doing business

--Enable faster request processing in the delivery of services with a better turnaround time

--Reduction in manual intervention/documentation required

--Reduction in overall Transaction time and costs

--Improve the efficiency of port operations, quick turn round of vessel and subsequent less dwell time

--Dashboard to ports/MOS for Real-Time MIS on cargo/ship movements & Exim           transactions

--Simplified and accelerated procedures for cargo entry, exit or transit

--Enhanced transparency across systems.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less