Big con­sumer base in In­dia

Cargo Talk - - International -

cent and mov­ing to­ward eight to nine per cent, by this speed In­dian can eas­ily re­in­state China as the driver of world econ­omy.”

“In­dia has a big­ger ad­van­tage to con­sume the prod­uct within the coun­try as In­dia has al­ready been nom­i­nated amongst the world’s big­gest con­sumer mar­ket and it is a temp­ta­tion for business houses to pro­duce and place in In­dia while China is pro­duc­ing max­i­mum for ex­port­ing in other coun­tries.

In the present sce­nario, In­dia is be­com­ing a bet­ter base for phar­ma­ceu­ti­cal, white goods, au­to­mo­bile, tele­com and re­tail ver­ti­cals be­sides our mar­ket size is also ex­pend­ing which fur­ther adding to op­por­tu­ni­ties for LSPs,” Khosla adds.

Other key In­dian lo­gis­tics: • Cost of labour which is an

`100 av­er­age of per hour, the low­est glob­ally and in China this is al­most dou­ble. In­dian lo­gis­tics cost is 13 per cent of GDP and at the same time in China this is 17 per cent, although this is not the low­est and slightly high • fac­tors boost­ing • in com­par­i­son to Ja­pan and the US. The im­ple­men­ta­tion of GST in In­dia not only adds value to the GDP but also gives strength to LSPs for hassle free faster move­ment across In­dia. “Any coun­try’s progress is vis­i­ble from what the coun­try is of­fer­ing to

In­dia needs a lot of in­vest­ment in de­vel­op­ing a world-class in­fra­struc­ture in in­dus­trial ar­eas, DFCs and re­de­vel­op­ment of ex­port zones

its cit­i­zens and more im­por­tantly to its in­dus­tri­al­ists who are bring­ing in the coun­try’s rev­enue. In­dia needs a lot of in­vest­ment in de­vel­op­ing a world-class in­fra­struc­ture in in­dus­trial ar­eas, ded­i­cated freight cor­ri­dors and re­de­vel­op­ment of ex­port zones,” opines Chawla.

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