National Logistics Day: Stakeholders see steady growth in the industry

The World Bank, in its 2023 Logistics Performance Index report, emphasized that technology is a crucial part of India’s efforts to increase logistics performance through supply chain digitization through public-private partnerships.

The Unified Logistics Interface Platform or ULIP, a digital gateway through which the private sector can integrate and access secure information related to logistics and resources available at various government departments, is one of the most important factors for such a public- private partnership.

As the world marks National Logistics Day on June 28, stakeholders in India’s logistics industry highlight the progress the sector has made since the end of the pandemic and outline the opportunities as the global supply chain realigns.

“India’s logistics infrastructure has seen steady growth since the policy was announced. With the aim of providing a total solution for national logistics, four key actions of the NLP (National Logistics Policy) – IDS (Integration of Digital Systems), ULIP, ELOG (Ease of Logistics) and Group for System Improvement – ​​were introduced to integrate the latest technology” , said Zaiba Sarang, co-founder of iThink Logistics.

Sarang explained that the National Logistics Guideline, unveiled in September 2022, has shaped the backbone of the logistics infrastructure and paved the way for streamlined operations, higher efficiency and accelerated growth

“Driven by push for initiatives like “Make in India” and adequate government policy support, notably through NLP (National Logistics Policy) and focus on transport infrastructure development, access to foreign direct investment and public-private partnerships, India is on the road to rapid development economic growth. The Indian logistics market is expected to reach USD 380 billion by 2025 and grow at a compound annual growth rate (CAGR) of 10 to 12%. This will be critical to realizing India’s vision of being a $5 trillion economy by FY25,” said Varun Gada , Director, LP Logiscience, Warehousing and Transportation business arm of Liladhar Pasoo Group.

The Transport Corporation of India explained that the country is in a “PHYGITAL” infrastructure development and the logistics industry is at a turning point.

Digitization and automation without compromising on sustainability have become the main topics of the industry.

“We firmly believe that automation will revolutionize the logistics landscape, bringing efficiency, productivity and customer satisfaction to unprecedented levels. Warehouse automation enables companies to streamline their warehouse operations, reduce costs, and deliver faster, more accurate services,” said Sandeep Bansal, Falcon Autotech’s chief business officer.

“As we move towards the future, sustainability in logistics, paperless logistics and reducing the carbon footprint have been the epitome of all conversations. At the same time, NLP focuses on reducing the carbon footprint with the launch of IDS and ULIP, working towards the digitization of the entire supply chain process, despite the sector’s high fragmentation,” added Sarang.

As major economies and companies worldwide plan a China + 1 strategy and diversify their supply chains and business operations, the implementation of the National Logistics Policy and related platforms should enable India to emerge as a supply chain alternative to China.

“With a diverse business landscape, a skilled workforce, supportive government policies, an aspiration to become a global manufacturing hub, and access to the domestic market of 1.3 billion people with increasing disposable income, India is among the front runners to become a leading location logistics and supply chain, including global cold supply chains for food and pharmaceuticals,” said Swarup Bose, founder and director of Celcius.

Related Articles

Back to top button

Subscribe To Our Newsletter

Don't miss new updates on your email