Blog Entry# 2367261
Posted: Jul 31 2017 (16:22)
Last Response: Jul 31 2017 (16:22)
New Facilities/TechnologyJul 30 2017 (21:34) How Technology Is Shaping India's Logistics Industry
a2z~ 92 news posts
Traditionally, the logistics spend of developed economies is about 5-6% of their respective GDP whereas in India, it is about 14-15% highlighting the unorganized and fragmented logistics industry. The road network is still under nascent stages of development while the rail network is also under upgradation in India. There is also lack of standardization of assets in the Indian logistical space today leading to either lack of productivity or higher inefficiency. With GST rollout, the regulatory hurdles will reduce which will have a positive impact on transportation. The warehousing sector will be consolidated and will be able to optimize further. Government is also planning dedicated freight corridors for railways which will help to move road freight to rail.
According to our understanding...
Remedy for reducing the logistics cost of India which is too high at 14-15% against the global bench marks of 5-8%
Important steps required which are under various stages of planning/implementation to ensure much needed reduction in logistics cost
(1) Completion of 6 Dedicated freight Corridors planned plus doubling of other identified(saturated) routes
(2) Electrification of high traffic routes
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