SME Times News Bureau | 20 Apr, 2018
With the Indian logistics
sector having taken centre-stage of government reforms, moving
towards an integrated ecosystem is pertinent for holistic growth of
the sector, as recommended in a thought paper jointly produced by
ASSOCHAM and Deloitte.
paper, titled 'India-On the cusp of a logistics revolution',
noted some of the continuing concerns impeding the growth of
logistics sector including inadequate infrastructure, slow rate of
digital adoption, lack of sufficiently skilled labour, poor quality
and performance standards, and regulatory hurdles.
light of these, a key recommendation of the paper is the need for
achieving integrated end-to-end logistics for ensuring easier and "smoother interface among logistics stakeholders for seamless
focuses on how integrated end-to-end logistics network with the
required infrastructure facilities, and a digital and services
platform can lead to improved efficiencies in the sector.
on India's potential to develop a globally competitive logistics
sector, Peeyush Naidu, Partner, Deloitte India, said, "It has
established a baseline of logistics performance across states and
generated keen interest in logistics at state level. In focus now are
integrated end-to-end logistics network, greater adoption of
technology, and digitalization."
his views on the country's logistics sector, ASSOCHAM’s secretary
general, D.S. Rawat said, "India's future logistics network is to
be built optimally, to meet the growing demand through an integrated
and coordinated approach in which development of each mode viz.,
railways, waterways and roads – is matched to the needs and
existing assets are better utilised in order to recurring losses to
the economy and improve capital efficiency."
the central government taking several initiatives in sectors such as
roads, railways, airports, sea ports, coastal shipping and inland
waterways to win back the confidence of domestic and overseas
investors, the logistics sector can expect renewed momentum in coming
years," added Rawat.