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The Economic Times SUPPLY CHAIN MANAGEMENT SUMMIT 2016
The Economic Times has always believed in the nation’s growth and considers that India’s overall industrial progress prevails in meeting the end demand of the customers. Thus, an effective supply chain management is an important tool in improving the overall performance in today’s global competitive environment. Keeping the above points in mind, and with the immense success of its first and second editions of the Supply Chain Summit in 2014 & 2015, we are pleased to announce the third edition of the ET Supply Chain Management Summit 2016..... read more
The India GROWTH STORY
India’s logistics sector is poised for accelerated growth, led by GDP revival, ramp up in transport infrastructure, e-commerce penetration, impending GST implementation, and other initiatives like ‘Make in India.’

This offers opportunities across the spectrum for companies in transportation, storage, distribution, and allied services, according to a report by Motilal Oswal Securities Ltd. Empirical evidence suggests the Indian logistics industry grows at 1.5-2 times the GDP growth*. Moreover, infrastructural bottlenecks that have stifled sector’s growth and promoted inefficiency are being addressed by the government.

According to the Agility emerging Markets Logistics Index 2016, the Logistics and Supply chain professionals see India as the nation with the most growth potential. It has outsmarted even China. However, about 42% of them wanted India to practice more reforms to ride high on the growth curve.

In general, the cost of logistics in India is about 13% of our GDP which is almost double of the developed countries. It is important to have trained manpower to put this chain on the right path. That will allow them to streamline the operations that often go haywire.