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Growing logistics sector in India

Growing logistics sector in India

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Jul 29, 2013 12:00 AM

Logistics sector in India is currently valued at US$ 110 billion and can be expected to touch US$ 200 billion by 2020. The sector is currently growing at 15 per cent per annum and is expected to double its growth rate over the next seven years. Growth expected in the Indian consumer market is one of major factors for the promising forecast for the logistics sector. For instance, the FMCG sector is expected to register a growth rate of 12 per cent annually by 2020 and to service such a large market efficiently, the logistics sector is expected to play an important role in accessing this emerging market and enabling growth. Industries like automobile, pharmaceuticals, FMCG and retail are expected to play an important role in the growth of logistics sector in India. And moving forward, the investments lined up in the infrastructure sector should complement growth in the logistics sector.



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