Legal Status of FirmPrivate Limited Company
Nature of BusinessService Provider
IndiaMART Member SinceDec 2013
India is being touted as 'Destination Future'
for the logistics service providers all over the world. Indian players are also gearing up and positioning themselves differently by providing a wide spectrum of logistics services.
In the past, India has been the student rather than the expert when it comes to the field of logistics. But with its current expertise, valuable human resources and positive plans, it surely is walking on the path of being a service provider of class. There are several factors that benefit the Indian economy for reaching success in the field of logistics, namely:
1. India is the fourth largest economy in the world.
2. It is believed that about one-quarter of the youth population of the world resides in India.
3. India has human resources that are high in knowledge and abilities.
4. It is the second-largest English speaking workforce.
5. It has the 2nd largest pool of qualified technical workforce.
India spends 13% of its Gross Domestic Product (GDP) on logistics as opposed to the usual practice of 10 % by other developing nations. The Indian economy is striving for improvements in the field of logistics and supply chain management to gain the competitive edge in today's worldwide economy.
The domestic logistics market is estimated at around $45 billion today. By 2015, it is expected to reach almost $125 billion, growing at a compounded rate of over 11% per annum - higher than the growth rate of the economy. Such high growth will change the landscape of the logistics industry which is highly fragmented and unorganized; marked by the presence of a large number of small players, including transporters, express cargo movers, courier operators, freight forwarders, container companies and shipping agents.
India has been growing rapidly with over 1 billion potential consumers and a 200 million middle class. Combined with a huge talent pool and progressive government policies, India is the focal point of growth.
Logistics management in India has become complex, with about ten million retail outlets to cater to the needs of one billion people. Indian entrepreneurs are forming new companies and taking advantage of government policies designed to promote greater efficiencies in a sector where large global businesses have yet to make their mark.
Indian players are realizing the potential in the outsourced logistics market, and are expanding their range of activities to include added-value services and customized supply chain management solutions. The logistics industry has over the years faced a few challenges such as central and state tax, local levies, licenses, registrations paperwork with infrastructure development and shortage of trained logistics personnel. NIYA Institute of Logistics Management (NILM)
which is a specialized state of the art institute of excellence with its primary focus on training logistics & supply chain personnel with compulsory internship with the leading logistics service providers. This will help the students of logistics and supply chain management to understand both theory and practical lessons.
NILM is a part of NIYA group of Institutions with primary focus on Logistics Training, Supply Chain Operations Audit, 3PL Consulting and Coaching for competitive Exams. The other prominent companies of NiYA GROUP are Cheths Associates
– A 4PL Company ( and Navayuva IAS Academy
NILM has partnered with leading logistics service providers like Shipping Companies, Freight Forwarders, Transportation, & Warehousing Companies to provide on the job training to the aspirants of logistics so as to understand the challenges which are faced by the various Third Party Logistics (3PL) Service Providers.