Integrating diverse mode of transportation for improved efficiency India’s logistics costs are presently 14 per cent of the country’s Gross Domestic Product (GDP),similar to other developing countries but well above the global average of 8 per cent. One of the government’s initiatives to reduce the logistics costs to 8-10 per cent of India’s GDP as...
Gateway Distriparks Limited has announced that the fifth rail-linked container terminal of its subsidiary, Gateway Rail Freight Limited at Viramgam near Ahmedabad has been notified by Western Railway for handling container traffic. The terminal will be a double stack switching hub for the company on the North-West trade route.
The Indian logistics market is expected to grow at a CAGR of 12.17 per cent by 2020, driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors.
India is expected to register a steady uptick in logistics growth, on the back of the improvement in the countryÂ´s infrastructural environment.
The 4th India Warehousing Show lifted the spirit of logistics industry by bringing complete supply chain solutions on one platform from 8-10 July at Pragati Maidan in New Delhi. Exhibition featured 210 exhibitors, 380 live technologies from 25 countries and was attended by 7,818 trade visitors representing 220 cities globally.
Hindsight: 2013 has been a mixed year for the infrastructure sector which, on one hand, saw a slew of government initiatives:
Road regulator, facilitating faster completion of road projects, faster transportation, decreased fuel consumption, and encouraged development of access-controlled expressways