Global Outlook

The top tech-based on-demand logistics firm in India, Porter, has announced its first international expansion by entering the UAE and beginning to provide intra-city logistics services in Dubai. The company's present strategy is for exploring the GCC areas and the Indian subcontinent, which includes growth. The logistics start-up previously obtained $100 million in Series E investment for growing operations. This funding was provided by some of the most well-known and active venture capital investors, including Tiger Global, Sequoia, and Lightrock India. From Rs8.62 billion (Dh384 million) in 2021–2022 to Rs18 billion in 2022–2023, the company's sales more than quadrupled. The company will fill the gap in intracity logistics requirements in the area for small package delivery needs of both individuals and companies by offering a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers.  Porter, which now has more than 20,000 users, intends to inves...

 In the monetary year FY 2021-22, Indian commodities to the GCC expanded by 44% to $43.9 billion from $27.8 billion in the last monetary year 2020-21. As per the Federation of Indian Export Organization (FIEO), the nation's product advancement committee's top body, the UAE ruled the exchange with a 68% expansion in esteem, esteemed at $28 billion contrasted with $16.7 billion every 2021. In a proclamation at the special exhibition, Super Sourcing Dubai (SSD), co-situated with Propaper Dubai 2022 occurring at Celebration Field, Dubai Celebration City during Sept.20-22, top FIEO authorities said paper and united items products to the GCC contacted $638 million out of 2021 with the UAE taking a significant offer in the exchange at $386 million. Dr. Ajay Sahai is the Chief General and President of FIEO. He expressed, "Our commodity execution in the GCC in the monetary year 2021-22 has been brilliant. Aside from the UAE, our commodities to Saudi Arabia expanded by 49%, Oman by ...