‘The sector needs policy support & capex hike in tech & logistics’

Ketan Kulkarni, Chief Growth Officer, Allcargo Group says, “National Logistics Day acknowledges the role of the logistics sector in facilitating India’s economic development through efficient transportation of goods across the country and beyond borders. At the same time, for the industry, it’s a day to take stock of how far the industry has progressed and chart the future roadmap for growth. The policymakers have shown a continued focus on transforming the logistics industry through infrastructure and technology-led reforms. The rollout of the PM Gati Shakti National Master Plan, National Logistics Policy, and Unified Logistics Interface Platform are significant policy moves by the central government. As a result, India has climbed from the 44th to the 38th position out of 139 nations in 2023. The industry is now poised for the next phase of growth. To unlock the potential, the sector requires sustained policy support and increased capex in transport as well as digital infrastructure development in particular, which will pave the way for new-age technology deployment for better capacity utilisation and mobilization. As India is emerging as a global manufacturing hub and the domestic ecommerce sector is growing at a faster clip, a broad-based distribution network and end-to-end supply chain visibility are crucial to meet the growing logistics transportation demand, both in the domestic and global markets. Therefore, the logistics sector must be empowered to innovate and thrive in an increasingly complex logistics and supply chain ecosystem especially in an interconnected world. An efficient and resilient logistics industry with robust multimodal connectivity, new-age digital technology adoption, and effective sustainable practices will increase the demand for India’s logistics sector, contributing to the country’s GDP growth to reach US $6 trillion by 2030.”