Dated : 06.08.2021
ORDER:
Indian logistics sector is estimated at USD 215 billion in 2020 and is expected to grow steadily led by e-commerce penetration and government initiatives such as “Make in India”, 100% FDI in warehouses, food storage facilities, etc.
2. India’s logistics cost as a percentage of GDP is estimated at 13-14% for India whereas global average is 9-10%. The high logistics cost is due to under-developed material handling infrastructure, fragmented warehousing, multiple regulatory/ policy making bodies, lack of seamless movement of goods across modes and lack of integrated IT infrastructure/modern technology. Improving logistics sector has huge implication on exports and it is estimated that a 10 per cent decrease in indirect logistics cost can increase 5-8 per cent of exports.
3. The sector is also labour-intensive and provides employment to more than 21 million people in India and expected to employ 31 million by 2022 as per the estimation of National Skill Development Council (NSDC).
4. As the sector offers huge growth opportunities in next few years, encouraging private sector to investment in Logistics infrastructure will reduce the cost of logistics and provide employment opportunity if right facilitation from the Government is made available.
1. Initiatives from Government of Telangana :
After the formation of state in 2014, Government of Telangana has conducted a detailed study to identify the key thrust sectors for the state. Based on the study, the state has identified 14 thrust sectors, Logistics being one of them. To leverage this opportunity, Government of Telangana wants to improve the logistics sector in the state to ease the challenges and attract private investments.
Telangana, one of the fastest growing economies in India, is registering
double digit growth. The growth of economy is sustained through many landmark policy interventions and implementation of robust industrial policy frameworks like
TS-iPass etc. Development of Logistics sector in the state will benefit Manufacturing sector and agriculture and Food processing sectors in the state.
In manufacturing sector, Government of Telangana has taken up many development initiatives such as Hyderabad Pharma City, National Manufacturing & Investment Zone (NIMZ) in Zaheerabad, Kakatiya Mega Textile Park at Warangal, Electronic Manufacturing Clusters in Shamshabad, Medical Devices Park at Sulthanpur, Mega MSME Park in Dandumilaram, Defence Manufacturing Hub in Adibatla etc and all these manufacturing clusters are expected to supply the final products across Country and Globally also.
To Read More….
Click the link below….
https://www.dropbox.com/s/hmnc1ilzoekvtmc/logistics-policy-2021.pdf?dl=0