The 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.
Infrastructure plays a very significant role in economic development. The government has outlined various infrastructure development initiatives in the country, which include smart cities, nationwide connectivity networks of roads, power, gas and water grids.
IndiaÂ´s infrastructure sector has suffered due to dull macroeconomic conditions and delay in key policy related decisions. This situation is however will start to change 2015 onwards with the focus of the new government on logistics infrastructure creation.
The year 2012 has been a challenging year for the logistics sector as the economic slowdown affected manufacturing leading to general decline in the movements of goods across sectors like auto, commercial vehicles, heavy engineering and capital goods. Tight credit situÂation, no major policy reforms and weak demand made the situÂation further difficult for the sector.