Up and buoyant
The logistics market in India is expected to be worth US$307 billion by 2020. But the country’s logistics cost is not at all cost competitive. And that is why the industry is not delivering services that the veterans are willing to change. Logistics is a sunrise industry but if necessary steps are not taken to reduce the cost, the industry won’t be able to perform the way it could.
In the month of May, the world’s biggest, longest and heaviest aircraft with the maximum speed of 850 km/ph landed at Hyderabad airport which definitely signifies the growth of the industry. The global organisation Envirotainer has its footprints in Delhi now.
There is a rising trend of start-ups as they realise the potential of the industry and are investing hugely to improve the overall operational efficiency and making profits too. On the railways front, the government is taking initiatives to attract more cargo and reduce carbon emission. This Ro-Ro service, where loaded trucks would be moved on the flat rakes to avoid congestion on roads, is aimed at getting back the freight which railways has lost to roads.
The industry is making its efforts on the skill front too. What they believe is nothing can be achieved if the workforce doesn’t have the talent or ability to know how to do the work. Narottam Morarjee Institute of Shipping (NMIS) has launched the post graduate diploma course in Delhi for those keen on choosing logistics as a career option. CII is also collaborating with various universities and logistics companies to produce more professionals.
And on these lines, we need to keep on thinking of new methods and ideas to make this industry more vibrant and resourceful.