Logistics cost in India is approximately 14 per cent of GDP, while the number for most developed nations is about 9-10 per cent. On a 1.6 trillion GDP, this represents absolute value of inefficiency and therefore a logistics market potential of over $65 billion.
Tag: Logistics
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Cold chain: Finally warming up to India?
India’s agricultural infrastructure, and in particular its fledgling cold chain industry, may have caught investor attention, particularly after news of farm produce rotting because of lack of suitable storage infrastructure.
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Maritime Agenda 2020: The awaited lift, finally
Reactive is better than non-active. The fact that the Maritime Agenda 2020 is the biggest documentation of our future vision in maritime ever is both heartening and concerning.
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The Gamechanger
After a 20-year wait, the brand new ICTT at Vallarpadam is all set to be Kerala maritime’s best brand ambassador yet, further transforming the maritime and logistics landscape of the region. Shashidhar Nanjundaiah writes from Vallarpadam.
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Logistics: A much needed transformation
Among other firsts, Vallarpadam ICTT will also trigger a stream of business activities in its immediate neighbourhood. NA Muhammed Kutty, explains why India’s first transhipment terminal will transform the face of the logistics industry.