When Interglobe enterprises launched MOVIN Express—a B2B logistics JV with UPS—last May, J.B. Singh, Director of the company, did not expect it to be such a success. Singh, a veteran of the aviation and hospitality industries, attributes it to a mind shift happening across the world’s fifth-largest economy, where clients prefer to deal with structured, high-performance logistics players. “They want a process driven environment, things to move on schedule, and high-performance teams to bring down costs and make things more efficient,” says Singh, during an interaction with BT in his sun-kissed office in Gurugram. MOVIN has expanded to 49 cities in Q3FY23 from 28 in Q2, nearly doubled its headcount to 800 personnel from 460, and currently reaches more than 3,000 pin codes in India.
In eastern India, regional carrier IndiaOne Air launched operations last August with two nine-seater Cessna Grand Caravan EX aircraft to underserved destinations such as the left-wing extremism-impacted Jeypore district in Odisha. The airline today covers eight destinations, and has consistently reported passenger load factors (occupied seats in aircraft) of over 90 per cent since inception, data from Directorate General of Civil Aviation (DGCA) shows. “If urbanisation in India has to rise to 50 per cent, and its GDP has to jump to $15-20 trillion over the next two decades, aviation has to become accessible to the people living in Tier II and III cities,” says Arun K. Singh, CEO of IndiaOne Air.
Denne historien er fra February 19, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 19, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky