India logistics sector grows with vast opportunities

India’s logistics sector was valued at $160 billion in 2018 and is expected to grow to $215 billion by 2020, reported JLL. Today, about 90 percent of cargo movement is handled by roadways and railways in the country. India has the second-largest road network and the third-largest rail network in the world, and the country enjoys a coastline of 7,516 kilometers (4,670 miles) in length as well as 18,000 kilometers (11,180 miles) of inland waterways.

The optimum use of major physical infrastructure, appropriate positioning of intermediate logistic frameworks and seamless convergence of all stakeholders will help in achieving cost and time efficiency as well as minimization of in-transit losses, which currently accounts for 40 percent of agriculture production.

Over the past decade, the logistics sector has witnessed significant focus from the central and state governments to improve efficiency. Key improvement initiatives kicked off with development of 5,846 kilometers