SafeStorage ties up with United India Insurance for coverage of 112 Crore • SafeStorage has7.5 Lakh sq ft space across five cities in India • Till date Safestorage has served 12000+ household customers and 300+ corporate customers SafeStorage®, India’s leading storage solution provider has tied up with United India Insurance for coverage of 112 Crore effective for 7th June 2021. SafeStorage currently has 7.5 Lakh sq ft space in warehouses across five cities in India- Bengaluru, Hyderabad, Chennai, Mumbai & Pune. SafeStorage’s warehouses are covered for fire, theft, and natural calamities. Till date SafeStorage has served 12000+ household customers and 300+ corporate customers however neither any customer nor the company has ever filed a claim. The list of items covered under insurance at SafeStorage include- electronic and electrical items, household/ office furniture, office/home equipment, machinery, motor vehicles of client and related items of clients stored in warehouses. The company’s fleet of 15 owned vehicles is also covered under insurance by default. SafeStorage warehouses are fully equipped with modular fire extinguishers, smoke detectors, and alarm systems. Safe Storage takes all the precautionary measurements to keep luggage safe. Safe Storage follows regular pest control services and maintains
clean, dry, secure storage facilities. All items are stored on wooden pallets to protect from pests. Each warehouse is well equipped with CCTV cameras. Sharing his thoughts, Ramesh Madisetty, CEO & Co-founder of SafeStorage, said, “Last year we filed for insurance of INR 30 CR for our 1.5 lakh sq. ft warehouse facilities. This year the coverage is almost 4x more owing to our rapid expansion and business growth. We aim to be present across 9 cities in India by end of 2021. Our target is to be one stop shop for storage & logistics solution in the country.” The self-storage business saw a boom in the year 2020 with onset of Coronavirus pandemic. With companies adopting the Work from Home model since early 2020 many people, who were working in cities have moved out of their rented apartments back to their native places/hometowns for social & economic reasons. In such times, Self- Storage units come to their rescue, safely housing their valuable belongings & furniture while they give up their rented spaces in their cities of work. CM
Hardeep Singh Puri takes charge of Petroleum Ministry Hardeep Singh Puri took charge of the Ministry of Petroleum and Natural Gas. He has relinquished the portfolio of civil aviation but still holds the Housing and Urban Affairs Ministry. Puri succeeds Dharmendra Pradhan as India's new petroleum and natural gas minister. The minister was greeted by Pradhan on his arrival at the petroleum ministry. He was also accompanied by minister of state for petroleum Rameswar Teli. Puri said that the focus of the ministry under him will be to increase domestic production of crude oil and natural gas and help the country become Atmanirbhar. He also said that in line with the vision to create a gas based economy in the country he would see that its availability and use of clean fuel is encouraged. The former diplomat also has a tough task at || www.constructionmirror.com ||
hand with the global oil prices surging amid supply constraints and demand hopes. Further the ever-increasing domestic petrol and diesel prices too would remain a key issue to deal with. Pradhan, off late was urging global oil exporters including the OPEC to gradually do away with the production cuts and help lower the surging oil prices. Another major task at hand for Puri would be the privatisation of Bharat Petroleum Corporation Ltd (BPCL) which has been delayed due to initial subdued interest among the investor fraternity coupled with the pandemic-induced slowdown. The challenge must not be much different from his experience with the inordinately delayed privatisation of Air India which he tried to achieve during his stint as the Civil Aviation Minister. CM
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