With India’s supply chain undergoing a sweeping transformation, driven by high‑capacity railway mega‑projects like the Dedicated Freight Corridors, stakeholders must ensure the right people, in the right places, with the right skills to sustain synchronised operations, cautions Deepesh Gupta. India’s supply chain ecosystem is entering one of its most transformative phases. Sustained investment in infrastructure,...
Tag: multimodal logistics parks
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Areef Patel, Vice-Chairman, Patel Integrated Logistics Ltd
The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
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Multimodal logistics parks to come up
The Ministry of Road Transport and Highways has set up a Logistics Efficiency Enhancement Programme, under which it is developing multimodal logistics parks across 11 states in the country.
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Indian 3PL market is set to grow tremendously over next 5-7 years
The next decade or so will see India becoming efficient in managing its logistics cost as the need for world class logistics increases with the expected growth in the economy