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Supported by its parent Mahindra & Mahindra (M&M), Mahindra Logistics has steadily grown its non-M&M related business to almost 50 per cent of its total turnover from a miniscule 12 per cent in the past.
Logistics industry has always been an underdog and has not received the much-deserved attention yet. Though the sector is full of potential, it is yet to achieve optimal utilisation of resources.
Over the years, as modernised marketplaces and global businesses began to flourish, the demand for a smarter, agile, and technologically-enabled logistics sector started emerging.
Nirup Jayanth, Managing Director, Jurong Consultants (India) & Surbana Jurong Group, Singapore, opines that in a greenfiled city, flexibility and dynamism can be added to infrastructure development, by building in a modular and incremental manner with a cluster-based approach.
Growth in corporate revenue – excluding that of banking, financial services & insurance and oil companies – is likely to print at ~9% on-year for the fourth quarter of fiscal 2018, CRISIL Research’s analysis of over 400 companies, which account for 65% of the market capitalisation of the National Stock Exchange shows.
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
The Government of India has embarked on the Sagarmala Programme with a vision to reduce logistics cost for both domestic and EXIM cargo and utilise the waterways to their potential.
The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation.