Indian Logistics Sector to be Worth $385bn by 2015
As the world's focus shifts Eastwards, experts believe that India's logistics sector would grow at a rate of 15 to 20 per cent, creating huge job opportunities in the sector.
Speaking during a national conference titled 'Vision in Global and Indian Logistics (Vigil) 2014,former Union secretary of shipping Shri M P Pinto said the logistics sector in India, which is now worth $100 billion, will be worth $385 billion by 2015 and the focus should be on creating warehousing facilities, a cold chain and center of excellence for road transport to sustain the growth.He highlighted that India loses INR 44,000 crore worth vegetables, fruits and food grains due to lack of cold chain. "India has the capacity of only 30 million tonnes of cold storage and it requires another 62 million tonnes," the former bureaucrat said.
All-Ways Logistics Group is entering into complete supply chain logistics with the industry focus.