The robust industrial growth is supporting the development of economy in India. With this, the Indian logistics sector too is undergoing revolutionary changes in terms of technology and growth. To mark the country’s position amongst the global supply chain, the development of this sector holds importance as such advancement would generate employment and boost exports. However, there remains a tremendous scope for the sector to stand out given the quality and efficiency of logistics services are addressed.
The logistics industry of India is currently estimated to be around US$ 160 billion and expected to touch US$ 215 billion over the next two years, as per the Economic Survey 2017-18. The sector currently provides employment to more than 22 million people in the country. Moreover, 65% of India’s youth falls under the working age group. To make this a demographic advantage, skill development of the youth is the need of the hour. Doing so will add not only to their personal growth, but to the country’s economic boost too.
The logistics sector is highly fragmented in nature, thus there exists only a handful of large organized players across various logistics segment. In a developing country like India, the fast improvement of infrastructure, quality and efficiency of logistics services would therefore require skill development in the logistics service providers as a potential.
This edition of Enroute will take a look at the challenges and need for skill development in the logistics sector along with some recommendations and conclusion.
Read more at https://bit.ly/2FxwMVp
Know how TCI Institute of Logistics builds and raises skill levels of people who engage in frontline operations of the Logistics Sector: https://bit.ly/2cy59Nj