‘Govt’s initiatives aim to enhance efficiency and reduce logistical costs’

“India’s logistics sector plays a crucial role in its economic framework and is currently undergoing a transformative shift towards multimodal transportation. In 2024, the government’s strategic interventions aim to enhance efficiency and reduce logistical costs, historically at 14% of GDP, above the global average,” shares Xerrxes Master, President, AMTOI. “Key infrastructure projects like the Dedicated Freight Corridors (DFCs) have made strides yet face challenges in integration and digital upgrades. The focus on rural road quality under Bharatmala and growth in air cargo volumes signify progress, albeit with challenges such as regulatory complexities and uneven technology adoption. Looking ahead, addressing operational inefficiencies, embracing digital transformation, and prioritizing sustainability is imperative. Collaborative efforts and innovation will propel India towards global logistics leadership, ensuring a seamless, efficient, and sustainable network. This evolution is characterized by significant government initiatives and infrastructure development, offering both challenges and promises.”