Logistics In India And Logistics Services: Everything You Need To Know

Logistics services in India is a booming industry. From large scale enterprise projects to smaller cargo movements, logistics services are being used in more ways than ever before. India’s vast geography and population make it the ideal candidate for efficient logistics solutions that can handle the complexities of supply chain management. But what exactly are logistics services? What do they offer? And how can they benefit your business? In this blog post, we'll answer all these questions and provide an overview of logistics in India and the services available. Let's get started!

What is Logistics?

In simple terms, logistics is the process of moving goods from one location to another. But logistics is much more than just shipping products from point A to point B. An effective logistics operation requires a complex network of people, transportation, warehousing, and information systems working together seamlessly.

In India, logistics has become an essential part of the economy as the country continues to grow and develop. The Indian government has taken steps to improve the country's logistics infrastructure and services in recent years, and as a result, the logistics industry is booming.

There are many different types of logistics services available in India, ranging from transportation and warehousing to distribution and fulfillment. No matter what your needs are, there's a Logistics Companies in India that can help you get your products where they need to go.

If you're looking for a comprehensive guide to Logistics services in India and all of the different services available, look no further. In this article, we'll cover everything you need to know about logistics in India, from the basics of how it works to the different types of services available.

India's Logistics Industry

The logistics industry in India is booming thanks to the country's strong economic growth. Logistics Companies in India sector is expected to grow at a compound annual growth rate (CAGR) of 10.5% from FY2018 to FY2023, according to a report by rating agency ICRA. The industry is benefiting from the government's focus on infrastructure development, including the development of highways, railways, and seaports.

Logistics companies are also benefiting from the growing e-commerce sector in India. Online retail sales are expected to grow at a CAGR of 31% from FY2018 to FY2023, according to the same ICRA report. This rapid growth is creating demand for last-mile delivery services, which logistics companies are well-positioned to provide.

The Indian logistics industry is still relatively underdeveloped compared to logistics industries in developed countries. However, it is making strides in improving its efficiency and competitiveness. For instance, the average turnaround time for cargo at Mumbai port was reduced from 5.5 days in FY2013 to 4.3 days in FY2017 thanks to investments in new infrastructure and technology.

There is still room for further improvement in India's logistics sector. Inefficient transport systems and infrastructure are major bottlenecks that need to be addressed. The government has taken some steps in this direction with its initiatives like Make in India and Sagarmala, but more needs to be done to make India an attractive destination for logistics companies

India Logistics Services

The transportation and logistics industry in India is expected to grow at a compound annual growth rate (CAGR) of 10.5% to reach US$215 billion by 2020. The growth of the Indian economy and the rise in foreign trade are the major drivers of this growth. The Government of India is taking various initiatives to develop the logistics sector, including plans to invest US$100 billion in infrastructure development and setting up of a National Logistics Portal.

There are several types of logistics services available in India, including domestic and international freight forwarding, warehousing, distribution, 3PL and 4PL services, e-fulfillment, and last mile delivery. Many Indian companies offer these services on a nationwide basis, while some specialize in certain regions or cities.

Some of the leading logistics service providers in India include Blue Dart Express, DHL Express India, FedEx Express India, First Flight Couriers, Gati Limited, Mahindra Logistics, Safexpress Pvt Ltd., TNT India Private Limited (now FedEx), and VRL Logistics Limited. These companies offer a comprehensive range of services and have a strong network of operations across the country.

Indian Transport and Logistics Sectors

The transport and logistics sector in India is one of the most important pillars of the economy. The sector comprises a wide range of activities including transportation of goods and passengers, warehousing, distribution, and other supporting services.

The Indian transport and logistics sector is expected to grow at a compound annual growth rate (CAGR) of 10.5% between FY2018 and FY2023 to reach US$ 487.7 billion by 2023, driven by the increasing demand for logistic services from e-commerce, retail, manufacturing, and healthcare sectors.

The Government of India has taken various initiatives to develop the transport and logistics sector in the country. These initiatives include setting up of dedicated freight corridors, development of multimodal transportation hubs, enhancing road infrastructure, etc. With these measures, the Government aims to make the transport and logistics sector more efficient and reduce the overall cost of doing business in India.