Logistics Sector on the path to transformation
In addition to the cyclical drivers that have shaped the current logistics landscape, there have been structural drivers at play, such as changing consumer demands, the evolution of retail, the growing influence of urban areas and global investment in logistics real estate. The introduction of GST in late 2017 and the granting of ‘infrastructure status’ created a conducive business environment for the sector. In the past few years, the government has emphasized on infrastructure development, with several investment and policy proposals for the transport and logistics sector.
The government has invested heavily to connect and integrate the country with a complete network of roads, railways, airports, ports and inland waterways. Such policy reforms and infrastructure development, alongside the creation of a favourable business environment, has provided substantial results.