We often read about the burgeoning
IT sector in India. Every now and then we come across reports and surveys,
which provide us the astounding growth rates of the information technology industry
along with the rise in the number of jobs. Another sector which is garnering
headlines for its remarkable growth is the logistic industry in India. Indian
logistics sector is supposed to have grown at a robust 15% in the last five
years and in the coming few years, it is likely to grow even more.
imagesource:daklogisticservices.com
Experimental data reveals
the Indian logistics industry grows at 1.5-2 times the GDP growth. The bad part
is like any other sector, this industry too has certain challenges (for
example, infrastructural bottlenecks) and other issues which tend to hamper the
sectors overall performance. Now the good part is all these issues are being
addressed by the government. This will further boost the growth of the sector.
The growing sector is
creating plethora of opportunities for a broad range of companies in
transportation, storage, distribution and related services as per the report by
Motilal Oswal Securities Ltd.
Logistics Services
- Transportation (air, land, waterways, sea)
- Storage (warehousing, logistics parks, container depots, cold chains)
- Distribution (courier service, e-tail deliveries)
- Related services (freight forwarding, 3PL)
The Growth Drivers
As a matter of fact, India’s
logistic industry is picking up pace majorly influenced by GDP revival,
improved transport infrastructure, ecommerce penetration, forthcoming GST
implementation and other initiatives like ‘Make in India’.
Now The Challenges
The logistics sector has
shown healthy growth in the past and in coming years, it is projected to soar
even higher. The challenges identified in the industry include the following,
take a look-
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Employment Opportunities Galore
As per the report by
National Skill Development Corporation (NSDC), India will need around 28.4
million workers in India’s flourishing transportation, logistics, warehousing and
packaging sector.
The sector is on a hiring
spree and is likely to expand its manpower in the coming years. Currently, the sector employs over 16.74
million employees and is expected to add more than 28.4 million employees by
2022. The report further highlights, this sector will have one of the highest human
resources requirement of 11.7 million from 2013-2022, across 24 sectors that
have been analyzed for assessing human resource requirement in the country.
For all those looking to
work in this industry can expect multiple job opportunities coming their way. A
lot of vacancies are estimated to propel in the near future. For anyone seeking
operation manager jobs, supply chain logistics, warehouse manager, logistics coordinator,
store in charge and so on are to be benefited most by this surge.
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