The estimated logistics costs for 2021–2022 are 7.8%–8.9% of GDP
Spread the loveAs to the findings of a survey commissioned by the Commerce and Industry Ministry, the National Council for Applied Economic Research (NCAER) revealed that India’s logistics expenses decreased from 8.6% to 9.8% of GDP in 2013–14 to 7.8%–8.9% of GDP in 2021–2022. The amount defies previous estimates that […]
Remember to mark your calendars for Asia’s premier conference for shippers and logistics and supply chain experts.
Spread the loveThe Hong Kong Convention and Exhibition Centre will host the much anticipated Asian Logistics, Maritime and Aviation Conference (ALMAC) once again on November 21 and 22, 2023. ALMAC, which is jointly organized by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development […]
The Indian road logistics sector is poised for a robust performance in the FY-2024 : ICRA
Spread the loveThe Indian road logistics sector is poised for a robust performance in the FY-2024 : ICRA The Indian road logistics sector is poised for a robust performance in the financial year 2024, according to the recent announcement from rating agency ICRA. In their statement on Wednesday, ICRA expressed […]
Warehousing supply in India’s major cities is expected to reach 516 million square feet by 2026.
Spread the loveAccording to the Logistics and Industrial State of the Nation study, cumulative Grade A and B supply in India’s Warehousing and Industrial sector will reach 516 million square feet by 2026. According to the research, India’s total leasing stock reached 344 million sq ft in H12023, with an […]
Top Trends Driving Business Operations in 2023: Revolutionising Logistics in India
Spread the loveTop Trends Driving Business Operations in 2023: Revolutionising Logistics in India The express logistics industry plays a vital role in bolstering India’s trade and supply journey by facilitating the efficient movement of goods across the country and internationally. As the Indian economy continues to grow and global trade […]
How express logistics industry will bolster India’s trade and supply journey
Spread the loveHow express logistics industry will bolster India’s trade and supply journey? The express logistics industry plays a vital role in bolstering India’s trade and supply journey by facilitating the efficient movement of goods across the country and internationally. As the Indian economy continues to grow and global trade […]
How logistics electrification will serve India
Spread the loveHow logistics electrification will serve India : Once an underdog, electric vehicles (EVs) will soon become a much-loved vehicle in India’s trucking sector. The numbers prove it, with the sector recording unprecedented sales of around 100,000 EVs in 2022 and 2.78 lakh EVs in the first quarter of […]
Piyush Goyal: India’s forex reserves are safe for the next 5-6 years, and FTAs will generate surpluses.
Spread the loveOn Wednesday, Commerce and Industry Minister Piyush Goyal stated that India’s foreign exchange position is ‘comfortable’ for the next five to six years. “In the worst-case scenario,” Goyal said at the annual general meeting of the industry lobby group Confederation of Indian Industry (CII), “India is comfortable for […]
With massive logistics improvements, India has risen 6 places on the World Bank index to 38th out of 139 countries.
Spread the loveWith massive logistics improvements, India has risen 6 places on the World Bank index to 38th out of 139 countries. India’s ranking in the World Bank’s Logistic Performance Index 2023 has risen by six places, owing to significant investments in soft and hard infrastructure, as well as technology, […]
Redseer predicts that India’s e-commerce logistics market will surpass 10 billion parcels by FY28.
Spread the loveAccording to the most recent Redseer Strategy Consultants report, the Indian e-logistics market will continue to grow significantly in FY23. Total shipments (forward and reverse) for e-commerce logistics surpassed billion in FY23 (excluding hyperlocal shipments). In this pie, in-house logistics and third-party players were roughly equal. Throughout the […]
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