Logistics has a long way to go in India

Logistics will play an increasingly crucial role in India’s development. There are however challenges to be overcome.

Logistical needs in India are on the rise. The proliferation of ecommerce is one of the many reasons that is providing the thrust. Long way to go, logistics in India, has many challenges to deal with. According to the World Economic Situation and Prospect report for 2016, India is expected to achieve a 7.5 per cent GDP growth in 2017 and the economic prospects of the South Asian region will be ‘contingent’ on the growth trajectory of India and Iran. With the government driving initiatives like ‘Make in India’, which are aimed at boosting the manufacturing sector among others, the need for a better logistical support is becoming all the more essential. The observation of P S S Prasad, President, Apollo Logisolutions, that logistics will have a greater role to play in the growth (of the country) with initiatives such as Make in India, assumes importance at this point in time. Stressing on the fact that the state of infrastructure in the country is poor and a big challenge, Prasad is also known to have said that ecommerce will spur growth in the logistics sector as these companies need to deliver products efficiently in the remotest corner of the country. Claimed an industry expert that despite an extensive rail network, and rising air network, it is the road network that continues to play a major role