Logging Into Logistics ; 'with Free Trade Warehousing Zones, One European Client Will Double Its Imports to $6 Billion

Summary

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Remember that battery powered toy train you had as a kid? And how it went round and round on its tracks? But you ended up with a desk job or as a road warrior. Well, Ajay S. Mittal is one lucky man he started off with the usual stuff, like an MBA from the US and a stint in the family business, before moving away to do his own thing, but now is the proud owner of entire goods trains.

Mittal's first foray was as a trader in chemicals and petrochemicals. But when the flow of information through the Internet and e-mail left his margins in tatters in just five years, Mittal figured he could get clients to pay a premium for on-the-dot delivery of promised goods. "Premium on information became higher than trading , recalls the 45-year-old Mittal, who is Chairman and Managing Director of Arshiya.

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Logging Into Logistics ; 'with Free Trade Warehousing Zones, One European Client Will Double Its Imports to $6 Billion

Mittal realised the importance of logistics in a booming economy crippled by bad infrastructure. But he had no experience in logistics, so he roped i...

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