Siliconindia Magazine

Logistics: Mobilizing the Nation

with the technological advancements currently happening world wide,the logistics segment has evolved multifold and is now seen as one ofthe most vital factors in success of any modern day business. According to Transparency Market Research, the global logistics market revenue which stood at $8.1 trillion in 2015 will hit the $15 trillion mark by2023, growing at a CAGR of 7.5 percent from 2015 to 2024. In India, where a majority of the logistics segment is still unorganized, and 14.4 percent of the GDP is spent on logistics, the market size is expected to reach $300 billionby 2020. Foreseeing the huge market opportunity and keeping in mind the e-Commerce boom the country is witnessing, the Indian Government, as part of their ‘Make in India’ initiative, is implementing various...