‘India e-logistics industry to touch $9 bn, benefit MSMEs’

India’s e-logistics sector has become one of the largest and fastest growing logistics markets globally and is all set to reach the $9 billion industry, with a compound annual growth rate of 35 per cent, stated a recent report released by Bengaluru-based Redseer Strategy Consultants. “The number of e-commerce logistics shipments is expected to grow by four times in the next five years. Thanks to new-age tech-enabled players who have entered India’s logistics arena, it is now easier for small- and medium-sized businesses to transport goods, and there is a drastic increase in the speed and efficiency in which parcels are delivered. Among such players, Delhivery is well positioned at the cross-section of the various logistics sector growth drivers including infrastructure, offline commerce, digital consumption, and adoption of technology and data sciences. The e-commerce logistics sphere has contributed to the overall growth of India’s logistics sector and enabled the e-retail boom in India,” the report added.