MD-CEO SA Consultants & Forwarders
India is witnessing strong growth prospects in industry with foreign players investing in the subcontinent and it has immense scope for expansion as along with time, urbanisation and consumerism has also been increasing. Several large global logistics companies have entered India by the way of mergers with or acquisitions of Indian logistics companies and joint venture agreements with other global and local players so as to provide multi-modal logistics services extending to air, road and water. The entry of foreign players has optimised the industrial structure and enhanced industrial concentration and made a difference in corresponding growth in cross-border freight traffic, thereby, adding to demand for logistics services. and which in terms also increased private equity investments along with competitive land scape to the existing players. Moreover, it has also enhanced wide-reaching global networks, uniformly available in all corners of the globe with technology advancement, trade opportunities and logistics processes. Consequently, many transportation, handling and warehousing processes have become highly advanced than earlier. India’s sea port industry has not yet experienced significant entry, in the coming period, with multinationals entering the domestic logistics markets will accelerate the increase in professionalism of the logistics industry. Through cooperation, joint ventures or by following the lead of competitors who have established such practices, logistics service providers in emerging markets will increase their level of automation and implement a broader range of value-added services to lead the world. And, logistics will be right in the middle of it.