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ARTICLE · 07 AUGUST 2017

GST, Digitization Are Key Drivers For The $260 Billion Indian Logistics Sector

Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co
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Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co

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The leaning towards digitization is evolving and unlikely to inverse.

IndiaTax
Ashoo Gupta
Ashoo Gupta
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Strap: The sector can be catapulted into mega growth if adequate investment is made in digitization and e-commerce

Logistics is the mainstay of any economy and a vital driver of economic progress as it encompasses the management of flow of goods from the place of initiation to the place of consumption. The sector, estimated to be worth $260 billion in India and growing at 14 per cent  over the past five years, consists of shipping, port-services, warehousing, rail, road and air freight, express cargo and other value-added services. According to a study by The Associated Chambers of Commerce and Industry of India (Assocham), the logistics market in India is expected to grow to $397 billion by 2020. 

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