Warehousing and logistics sector in India on the surge
According to a study by India Brand Equity Foundation (IEBF), India’s logistics sector is estimated at USD 215 Billion. It is expected that the sector will attract investments worth USD 500 Billion by 2025. Moreover, the sector is a massive employment generator, estimated to employ up to 40 million people by the end of 2020.
Key takeaways from the Union Budget to boost warehousing and logistics sector
- A fund allocation of Rs 1.7 lakh crore for transport and infrastructure, including railway enhancement and investments in warehousing and logistics, is a progressive step that will help fasten growth across industry verticals such as manufacturing as well as improve last-mile delivery, mostly in rural areas
- The ‘National Infrastructure Pipeline’ plan and the upcoming ‘National Logistics Policy’ are expected to facilitate transportation of goods and lower logistics costs across the country through various measures, which include a single window logistics market
- Geo-tagging of all warehouses, provision of viability gap funding for setting up of warehouses at block or taluka levels, Krishi trains, KrishiUdaan scheme for air transportation of perishable commodities like fruits and vegetables, and a Rs 100 lakh crore national infrastructure pipeline towards the creation of roads, railway lines, airports, and ports
Three important trends to drive growth in Warehousing & Logistics
- Making constant changes and upgrades in the operations system of the logistics companies will bring benefit to the customers since this creates an environment of healthy competition while bringing the best services forward
- Adopting new policies and regulations put forth by the government are going to set a new benchmark for the warehousing & logistics industry
- Artificial intelligence, machine learning and the internet of things are ground-breaking compared to conventional logistics operations in the country. Infusing latest technological advancements are going to further boost growth in the warehousing and logistics sector
Trade shows play an important role in perpetuating the development of these sectors.
India Warehousing Show is one such exhibition, held in Delhi for all logistics and supply chain professional, which offers all its participants an enriching business platform with a wider networking opportunity in 2020. The show offers a unique platform to find insights, seek relevant information, explore advanced technologies, network and generate valuable contacts, all under one roof. The USP of India Warehousing Show has always been the perfect mix of buyers coming to the show. The show hosts buyers from 3PL/4PL companies, automobile, OEM, FMCG, electronics, manufacturing units, retail companies, government departments, architects and consultants.
Be a part of India Warehousing Show from 18-20 June at PragatiMaidan to witness the sheer extravaganza of the ultimate market place for warehousing, logistics, material handling and supply chain.