India has potential of becoming manufacturing, logistics hub: FFFAI

At the recently concluded Federation of Freight Forwarders of India’s (FFFAI) 24th Biennial Convention, Chairman, Shankar Shinde put utmost importance of the fast-changing scenario of the global logistics industry due to the digital disruption. He said, “Currently the manufacturing industry is undergoing the phase of Industrial Revolution 4.0/Industry 4.0 because of massive use of information technology (IT) after witnessing the revolutions owing to the invention of steam engine, automation, and computerization.” Amrit Lal Meena, Additional Secretary – Logistics, Department of Commerce, GoI in his welcome speech highlighted the crucial role being played by the Customs Brokers, Freight Forwarders, and logistics service providers to streamline the manufacturing and EXIM trade in the country. He assured full support from the government to this sector through various forward looking and industry-friendly initiatives like PM Gati Shakti. Elaborating further on the spirit of the convention theme: “Logistics – Reshape, Embrace and Surge in the Digital Era,” FFFAI member, Vijayakumar urged the stakeholders for adopting the changes in the logistics landscape because of huge intervention of technology/IT and digitization. FFFAI office bearer, Shashi Kiran Shetty, also elaborated on the growth trajectory of India’s economy and potential of this country positioning as a manufacturing and efficient logistics hub. The convention was attended by over 600 delegates from across India.