Saturday, 19 December, 2020, 08 : 00 AM [IST]
Our Bureau, Bengaluru Indiaâs supply chain and logistics sector is one of the largest globally, with a logistics industry of USD 215 billion, growing at a CAGR of 10.5 percent. However, despite its size and criticality to economic growth, Indiaâs supply chain faces several barriers to growth notably an unbalanced logistics modal mix, high indirect costs, fragmented infrastructure and networks, and limited technology adoption.
A new report by Arthur D. Little and the Confederation of India Industry (CII) highlights the need for immediate attention given the high logistics cost of 14 per cent of GDP in India compared to 8 to10 per cent of GDP in the US and Europe. Titled âReimagining Indiaâs supply chain: A bold vision for 2030â, the report, brings to light these issues and sets a bold Vision 2030 and roadmap for ensuring global competitiveness of Indiaâ