Page 12 - ITLN May-June 2024 for Magzter

Spotlight
Project
Logistics

Silkway West
Airlines handling a
charter flight IL-76
at Mumbai airport

The Indian government’s
focus on infrastructure
development, including
roads, highways,
railways, ports, airports,
and urban infrastructure,
has led to a surge
in construction and
development projects
across the country.

Debajyoti Bagchi
TT Group

Piyush Goyal, Union Minister of
Commerce & Industry, envisioned the
logistics sector as a cornerstone of
India's ambitious growth plans. He
Rhenus India emphasised this sentiment during the
moving release of the Logistics Ease Across
around 2000 Different States (LEADS) 2023 report in
IT servers
New Delhi in December 2023. Bagchi
echoed this sentiment, highlighting the
importance of continued government
Malhotra further highlighted witnessed positive parallel growth in support through initiatives like Make
the impact of renewable energy the solar segment as well,” he added. in India and Atmanirbhar Bharat.
policies like Renewable Purchase Such reforms aim to improve the
Obligation (RPO), PM Har Ghar Bijli, Outlook on the Future ease of doing business and foster a
and various fiscal and financial Looking ahead, the outlook for India's conducive environment for project
incentives that has created a project logistics industry appears logistics growth.
massive scope for project logistics promising, driven by sustained As India progresses on its path of
in the country through both trade industrialisation and infrastructure rapid economic expansion, the project
creation and trade diversification. development. Government initiatives, logistics industry will play a vital role in
“We are seeing increased installation such as the PM Gati Shakti National facilitating the movement of oversized
of wind capacity, solar power, Master Plan, coupled with the cargo and supporting ambitious
and a remarkable adoption of country's growth trajectory, signal a projects. By addressing infrastructure
hydropower. International wind positive future. According to a report challenges, embracing innovation, and
turbine manufacturers have scaled by Frost & Sullivan, India's logistics fostering collaboration, project logistics
up and modernised their Indian sector will grow at a CAGR of 10.5% companies can position themselves as
manufacturing footprint, and we have between 2020-2025. key enablers of the nation's progress.
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