THE CURRENT LOGISTICS SCENARIO IN INDIA

With his vast knowledge & experience in the area of supply chain, operations and logistics management, Vijay plays a major role in expanding the company’s customer base worldwide.

- Vijay Ghogale

The Indian Logistics sector is poised to grow at a phenomenal rate over the next two-three years. Presently it is pegged at around $160 billion and is expected to reach around $200+ billion in a couple of years; the implementation of the Goods and Services Tax being one of the major reasons for the increase in this sector.

For our country to be placed higher up in the global supply chain hierarchy, we thus need the logistics sector to have a clear and a sustainable growth map for the next few years. This in turn will not only add great value to the Indian economy, but will generate more jobs and will increase our exports manifold.

Due to the efforts of Government of India (GoI), such as Make in India programme and improvements in infrastructure along with the streamlining and digitalization of Customs processes, the country’s position bettered from 54 in 2014, to 44 in 2018 in the World Bank (WB)’s Logistics Performance Index (LPI), in terms of overall logistics performance. Germany has retained its number one position throughout in the LPI rankings.