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The recent economic changes are proof enough to establish India as an evolving super power. The seventh-largest nation in terms of geographical area and a prominent force among emerging countries in terms of technology and infrastructure, India is now well ahead on the growing curve of the world economy.
In wake of this, India is witnessing a renaissance of sorts across all sectors, especially manufacturing, telecommunications, retail and services, as global as well as local players converge to cater to the world's biggest marketplace and consumer community. As India surges ahead on transforming itself from a 'developing' nation to a 'developed' state, one of the core sectors that is a crucial part of an upward swing is - logistics.
As big money gets pumped into manufacturing and other growth-centric sectors, especially retail - the role and potential of logistics companies is on the upswing as crucial business operations like supply chain management and contract logistics become key issues of managing the titanic surge in national business, both locally, nationally and globally.
As more and more organisations think and act "global", it is time for third party logistics service providers to follow suit by establishing networks and logistics infrastructure across Asia.
On the logistics front, India has picked up good momentum over the last decade. With an estimated market worth Rs. 260,000 crores, the industry contributes 13 per cent to the national GDP.+ Read More
In wake of this, India is witnessing a renaissance of sorts across all sectors, especially manufacturing, telecommunications, retail and services, as global as well as local players converge to cater to the world's biggest marketplace and consumer community. As India surges ahead on transforming itself from a 'developing' nation to a 'developed' state, one of the core sectors that is a crucial part of an upward swing is - logistics.
As big money gets pumped into manufacturing and other growth-centric sectors, especially retail - the role and potential of logistics companies is on the upswing as crucial business operations like supply chain management and contract logistics become key issues of managing the titanic surge in national business, both locally, nationally and globally.
As more and more organisations think and act "global", it is time for third party logistics service providers to follow suit by establishing networks and logistics infrastructure across Asia.
On the logistics front, India has picked up good momentum over the last decade. With an estimated market worth Rs. 260,000 crores, the industry contributes 13 per cent to the national GDP.+ Read More
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