Automotive Industry

Union Budget 2020 is positive for logistics industry, Auto News, ET Auto

The domestic logistics sector is set to grow at 8-10 per cent over the medium term with the outlook remaining largely stable, as per ratings agency ICRA.
The domestic logistics sector is established to grow at eight-10 for every cent more than the medium phrase with the outlook remaining largely secure, as for every scores company ICRA.

By Shubhangi Bhatia


New Delhi: Logistics in India is no lengthier a business enterprise process, it has come to be an integral aspect of the price chain functions with electronic innovations and e-commerce featuring the relieve of trusted and well timed deliveries, reported Talwinder Singh, Regional Director, Lalamove.

In accordance to an IBEF review, the logistics sector is poised to reach $215 billion by 2020, while it may well bring in investments worthy of $500 bn by 2025.

Terming the rise of global business enterprise as the key factor for its progress, the Hong Kong headquartered firm reported, “Value-included infrastructure, new-age technology, extreme import prospects and enhanced trade insurance policies are also large contributors.”

The domestic logistics sector is established

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