North Eastern Carrying Corporation (NECC) is on an expansion drive with an aim to reach 500 locations across India in the next three to four years. The logistic firm with a strong base in the east and north east part of the country is now planning to spread its roots wider across the region, adding more trucks to its fleet in next two years.

Having reorganised their operational structure this year, NECC is now developing profitable routes and reworking the existing, less profitable routes by deploying their own vehicles and increasing wallet share of the profitable accounts, the company said in a press release.


The company is also looking to leverage its proven capabilities in critical sectors like textile, mining, FMCG, automobiles and pharmaceuticals. From a digital infrastructure perspective too, NECC is well equipped. The operations are all IT-enabled, while all the owned and attached fleet are GPS-enabled, to enable tracking at any given point.


NECC is also considering entry in the air logistics segment. "It may happen by the end of 2018 or early 2019. This is a segment which is currently underserved. There will not be any requirement for major investments and can be successfully implemented with the existing infrastructure, as we already have presence in all major cities," NECC director, Utkarsh Jain said on widening of NECC's services.


Currently, NECC has 250 offices across India, Nepal, Bhutan and Bangladesh. Its current warehousing space of 1.5 million sq. feet includes owned and leased under management facilities. Having an established operational set up across the country, NECC has even expanded beyond the borders to Nepal, Bangladesh and Bhutan, as an integrated logistics solutions firm.


Terming GST as a game changer for the logistics industry, Jain said, "We believe this is an extremely positive step for the economy. From a logistics point of view it will result in significant time and cost savings in the actual movement of vehicles that will translate into saving of fuel consumption and better turnaround time which would indirectly impact the overall cost."


In 2016-17, the company posted revenues of Rs 548.69 crore as compared to Rs 539.75 crore in 2015-16, up 1.66 per cent.


Source : Fibre 2 Fashion

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